SAR Stock - Saratoga Investment Corp.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $94.16M | $69.55M | $69.85M | $77.46M | $39.91M |
| Gross Profit | $42.10M | $20.36M | $36.35M | $57.58M | $26.32M |
| Gross Margin | 44.7% | 29.3% | 52.0% | 74.3% | 66.0% |
| Operating Income | $31.97M | $11.70M | $26.76M | $48.52M | $19.94M |
| Net Income | $28.09M | $8.93M | $24.68M | $45.74M | $14.78M |
| Net Margin | 29.8% | 12.8% | 35.3% | 59.0% | 37.0% |
| EPS | $2.02 | $0.71 | $2.06 | $3.99 | $1.32 |
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 10th 2025 | Janney | Downgrade | Neutral | - |
| June 9th 2025 | Compass Point | Downgrade | Neutral | $24.25 |
| May 13th 2025 | B. Riley Securities | Resumed | Neutral | $23.5 |
| October 10th 2024 | Ladenburg Thalmann | Downgrade | Neutral | - |
| July 11th 2024 | Compass Point | Upgrade | Buy | $24.75 |
| May 8th 2024 | Oppenheimer | Downgrade | Perform | - |
| January 10th 2024 | Compass Point | Downgrade | Neutral | - |
| January 8th 2024 | B. Riley Securities | Downgrade | Neutral | $28 |
| October 11th 2023 | Hovde Group | Downgrade | Market Perform | $27 |
| July 12th 2023 | Raymond James | Downgrade | Market Perform | - |
| April 24th 2023 | Janney | Initiation | Buy | $27 |
| December 13th 2022 | B. Riley Securities | Resumed | Buy | $27.5 |
Earnings History & Surprises
SAREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Jan 7, 2026 | $0.59 | — | — | — |
Q4 2025 | Oct 7, 2025 | $0.67 | $0.58 | -13.4% | ✗ MISS |
Q3 2025 | Jul 8, 2025 | $0.69 | $0.66 | -4.3% | ✗ MISS |
Q2 2025 | May 7, 2025 | $0.77 | $0.56 | -27.3% | ✗ MISS |
Q1 2025 | Jan 8, 2025 | $0.92 | $0.90 | -2.2% | ✗ MISS |
Q4 2024 | Oct 8, 2024 | $0.94 | $0.97 | +3.2% | ✓ BEAT |
Q3 2024 | Jul 9, 2024 | $0.97 | $1.05 | +8.2% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $0.96 | $0.94 | -2.1% | ✗ MISS |
Q1 2024 | Jan 9, 2024 | $1.06 | $1.01 | -4.7% | ✗ MISS |
Q4 2023 | Oct 9, 2023 | $1.02 | $1.08 | +5.9% | ✓ BEAT |
Q3 2023 | Jul 10, 2023 | $0.91 | $1.08 | +18.7% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.80 | $0.98 | +22.5% | ✓ BEAT |
Q1 2023 | Jan 10, 2023 | $0.67 | $0.77 | +14.9% | ✓ BEAT |
Q4 2022 | Oct 4, 2022 | $0.53 | $0.58 | +9.4% | ✓ BEAT |
Q3 2022 | Jul 6, 2022 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q2 2022 | May 4, 2022 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q1 2022 | Jan 5, 2022 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q4 2021 | Oct 5, 2021 | $0.48 | $0.71 | +47.9% | ✓ BEAT |
Q3 2021 | Jul 7, 2021 | $0.51 | $0.56 | +9.8% | ✓ BEAT |
Latest News
Saratoga Investment Corp. Announces $0.25/Share Special Dividend, Payable To Shareholders Of Record As Of Dec. 2
📈 PositiveB. Riley Securities Maintains Neutral on Saratoga Investment, Lowers Price Target to $23
➖ NeutralJanney Montgomery Scott Downgrades Saratoga Investment to Neutral
📉 NegativeSaratoga Investment Q2 Adj. EPS $0.58 Misses $0.68 Estimate, Sales $30.63M Miss $31.98M Estimate
📉 NegativeSaratoga Investment Q2 Adj. EPS $0.58 Misses $0.68 Estimate, Sales $30.626M Miss $31.983M Estimate
📉 NegativeClear Street Initiates Coverage On Saratoga Investment with Hold Rating, Announces Price Target of $24
➖ NeutralFrequently Asked Questions about SAR
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