NYSE$SAR
Saratoga Investment Corp · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
Saratoga Investment reported fiscal Q4 2026 investment income of $31.1M, NII of $7.8M ($0.48/share), and NAV of $24.42 per share.
For the quarter ended February 28, 2026, Saratoga Investment (BDC) earned total investment income of $31.1 million and net investment income of $7.8 million ($0.48 per share; adjusted NII $0.53 per share after excise tax). NAV was $396.2 million ($24.42 per share). AUM rose 13.4% year over year to $1.11 billion; net deployments were $101.1 million with five new platforms and fifteen follow-ons.
- Total investment income $31.1M; NII $7.8M ($0.48/share).
- NAV $24.42/share; AUM $1.11B (+13.4% YoY).
- Net originations $101.1M; non-accruals 0.2% of fair value.
- Base quarterly dividend $0.75/share declared for fiscal Q1 2027.
Headline financials
Revenue & EPS history
Saratoga Investment · Revenue · Quarterly
$31.1M
Forward guidance
BDC outlook centers on origination pace, SOFR-linked yields, dividend coverage, and credit quality rather than corporate revenue guidance.
Tailwinds
- Strong deployment and AUM growth support income generation.
- Monthly dividend framework and share repurchase authorization.
Headwinds
- Lower base rates pressured investment income versus prior year.
- Q4 GAAP EPS $(0.16) on unrealized marks and excise tax.
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 Q4 2026
-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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