NYSE$SAR
Saratoga Investment Corp · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Reported per share increases in net investment income (NII), adjusted NII, and net asset value (NAV), as compared to prior quarter.
Saratoga Investment Corp. announced financial results for its 2025 fiscal second quarter ended August 31, 2024. Highlights include the full repayment and resolution of the Knowland investment, a return to increasing NAV per share, and continued substantial overearning of dividends.
- Adjusted NII per share increased by 26.7% sequentially, from $1.05 to $1.33 per share, including one-time accrued interest benefits.
- NAV per share increased sequentially by $0.22, from $26.85 to $27.07 per share.
- Dividend of $0.74 per share, up 4.2% from $0.71 per share in the second quarter of 2023.
- Quarter-end cash position grew to $162.0 million due to net repayments.
Headline financials
Revenue & EPS history
Saratoga Investment · Revenue · Quarterly
-$2.52M
Forward guidance
Saratoga Investment remains confident in its management team, pipeline, leverage structure, and underwriting standards to increase portfolio size, quality and investment performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
-0.2%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+0.6%
Avg return
30 days after
50%
10 / 20 earnings
Positive
+3.9%
Q2 2023
Best reaction
-7.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -1.3% | -5.9% | -4.5% | |
| Q3 2026 | +0.9% | +1.9% | +3.9% | |
| Q2 2026 | -4.3% | -11.6% | -10.5% | |
| Q1 2026 | +1.4% | +0.4% | +1.6% | |
| Q4 2025 | -7.7% | -2.3% | -1.1% | |
| Q3 2025 | +0.7% | +0.7% | +5.0% | |
| Q2 2025 | -0.3% | +2.4% | +4.8% | |
| Q1 2025 | +0.3% | +2.9% | -1.9% | |
| Q4 2024 | -0.1% | -1.9% | +2.0% | |
| Q3 2024 | +0.2% | -9.8% | -12.2% | |
| Q2 2024 | -1.4% | -1.7% | +1.2% | |
| Q1 2024 | +0.3% | -3.4% | -3.2% | |
| Q4 2023 | -0.1% | -0.2% | +17.5% | |
| Q3 2023 | +0.0% | +2.3% | +0.9% | |
| Q2 2023 | +3.9% | +1.0% | +7.1% | |
| Q1 2023 | -0.3% | -1.9% | -0.9% | |
| Q4 2022 | +2.3% | +0.7% | +3.2% | |
| Q3 2021 | -0.2% | -4.3% | -4.8% | |
| Q2 2022 | +1.7% | +1.3% | +0.8% | |
| Q4 2021 | +0.3% | -1.3% | +3.4% |
Discussion
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