SAR
Saratoga Investment Corp
NYSE: SAR · FINANCIAL SERVICES · ASSET MANAGEMENT
$22.54
-2.93% today
Updated 2026-05-06
Market cap
$381.75M
P/E ratio
9.72
P/S ratio
3.03x
EPS (TTM)
$2.42
Dividend yield
12.80%
52W range
$20 – $24
Volume
0.1M
Saratoga Investment Corp (SAR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $21.39M | $23.39M | $-2.84M | $11.56M | $12.21M | $17.89M | $12.41M | $14.63M | $15.80M | $17.15M | $22.44M | $24.79M | $63.61M | $57.65M | $70.74M | $99.10M | $143.87M | $94.16M |
| Revenue growth (YoY) | — | — | +9.4% | -112.1% | +507.4% | +5.6% | +46.5% | -30.6% | +17.8% | +8.0% | +8.5% | +30.9% | +10.4% | +156.6% | -9.4% | +22.7% | +40.1% | +45.2% | -34.6% |
| Cost of revenue | $40000.00 | $5.03M | $2.60M | $4.10M | $8.95M | $6.51M | $7.44M | $7.69M | $10.33M | $16.55M | $18.98M | $22.71M | $26.75M | $38.63M | $29.30M | $44.95M | $33.50M | $31.11M | $52.06M |
| Gross profit | $-40000.00 | $16.36M | $20.78M | $-6.93M | $11.56M | $12.21M | $17.89M | $12.41M | $14.63M | $15.80M | $17.15M | $22.44M | $24.79M | $63.61M | $26.32M | $57.58M | $65.61M | $112.76M | $42.10M |
| Gross margin | — | 76.5% | 88.9% | 244.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 45.7% | 81.4% | 66.2% | 78.4% | 44.7% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| SG&A | $100000.00 | $5.44M | $6.66M | $4.17M | $5.88M | $5.05M | $3.29M | $3.67M | $3.33M | $4.04M | $4.26M | $4.78M | $5.54M | $5.68M | $6.26M | $6.63M | $8.01M | $8.56M | $9.34M |
| Operating income | $-130000.00 | $-5.36M | $13.97M | $-10.44M | $19.57M | $14.57M | $17.14M | $14.83M | $18.68M | $20.22M | $21.32M | $28.60M | $32.37M | $56.35M | $19.94M | $68.40M | $53.33M | $59.16M | $31.97M |
| Operating margin | — | -25.1% | 59.7% | 367.7% | 169.3% | 119.3% | 95.8% | 119.4% | 127.7% | 127.9% | 124.3% | 127.4% | 130.6% | 88.6% | 34.6% | 96.7% | 53.8% | 41.1% | 33.9% |
| EBITDA | $-130000.00 | $-4.86M | $42.12M | $-276712.00 | $19.57M | $14.57M | $17.14M | $14.83M | $18.68M | $20.22M | $21.32M | $28.60M | $32.37M | $56.35M | $19.94M | $68.40M | $60.26M | $59.16M | $31.97M |
| EBITDA margin | — | -22.7% | 180.1% | 9.8% | 169.3% | 119.3% | 95.8% | 119.4% | 127.7% | 127.9% | 124.3% | 127.4% | 130.6% | 88.6% | 34.6% | 96.7% | 60.8% | 41.1% | 33.9% |
| EBIT | $-130000.00 | $-5.36M | $13.97M | $-10.44M | $19.57M | $14.57M | $17.14M | $14.83M | $18.68M | $20.22M | $21.32M | $28.60M | $32.37M | $56.35M | $19.94M | $68.40M | $53.33M | $59.16M | — |
| Interest expense | $0.00 | $5.03M | $2.61M | $4.10M | $2.61M | $1.30M | $2.54M | $6.08M | $7.38M | $8.46M | $9.89M | $10.94M | $13.13M | $14.68M | $13.59M | $19.88M | $33.50M | $49.18M | $52.06M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-130000.00 | $-5.45M | $-21.32M | $-10.46M | $16.96M | $13.28M | $14.60M | $8.74M | $11.01M | $11.65M | $11.39M | $17.68M | $18.51M | $55.74M | $14.78M | $45.74M | $24.68M | $8.93M | $28.09M |
| Net income growth (YoY) | — | -4093.2% | -291.0% | +50.9% | +262.1% | -21.7% | +10.0% | -40.1% | +25.9% | +5.8% | -2.2% | +55.3% | +4.7% | +201.1% | -73.5% | +209.5% | -46.0% | -63.8% | +214.4% |
| Profit margin | — | -25.5% | -91.1% | 368.7% | 146.7% | 108.7% | 81.6% | 70.4% | 75.2% | 73.7% | 66.4% | 78.8% | 74.7% | 87.6% | 25.6% | 64.7% | 24.9% | 6.2% | 29.8% |