Saratoga Investment Corp. (SAR)

Saratoga Investment Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	36.6	28.09	8.93	24.68	45.74
Depreciation & Amortization	4.8	5.03	5.17	3.59	2.16
Other Adjustments	-5.68	18.58	50.67	10.99	-30.35
Changes in Accrued Interest and Accounts Receivable	0.23	2.95	-1.78	-3.25	-1.2
Changes in Accounts Payable	0.1	0.34	-0.13	0.67	-0.95
Changes in Accrued Expenses	0.37	-1.59	-4.05	-3.49	9.3
Changes in Other Operating Activities	-124.46	144.15	-216.02	-163.55	-227.84
Operating Cash Flow	-88.03	197.54	-157.21	-130.37	-203.13
Long-Term Debt Issued	236.56	30	149	336.88	385
Long-Term Debt Repaid	-291.5	-56.5	-57	-119.13	-155.5
Net Long-Term Debt Issued (Repaid)	-54.94	-26.5	92	217.75	229.5
Issuance of Common Stock	19.32	35.35	49.01	-	26.84
Repurchase of Common Stock	-0.05	-	-2.16	-10.82	-2.55
Net Common Stock Issued (Repurchased)	19.27	35.35	46.86	-10.82	24.29
Common Dividends Paid	-52.36	-40.75	-32.05	-22.67	-18.16
Other Financing Activities	-6.88	-1.43	-5.17	-10.68	-9.54
Financing Cash Flow	-94.91	-33.32	101.64	173.58	226.09
Net Cash Flow	-182.94	164.22	-55.57	43.21	22.96
Free Cash Flow	-88.03	197.54	-157.21	-130.37	-203.13
FCF Margin	-108.48%	362.80%	-2217.80%	-254.66%	-182.69%
Free Cash Flow Per Share	-5.55	14.20	-12.41	-10.90	-17.73
Levered Free Cash Flow	-137.3	152.46	-115.88	76.39	56.72
Unlevered Free Cash Flow	-118.96	150.87	-216.81	-166.04	-218.52

Updated May 5, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q