Saratoga Investment Corp (SAR) Q1 2026 Earnings Report

Comprehensive analysis of Saratoga Investment Corp's financial performance for Q1 2026 with historical comparisons and future outlook.

Previous: Q4 2025
Saratoga Investment Corp
SAR
$22.35 -0.71%
Exchange: NYSE | Sector: Financial Services | Industry: Asset Management
Q1 2026
Published: Jul 8, 2025

Earnings Highlights

  • Revenue of $29.29M up 28.2% year-over-year
  • EPS of $0.91 increased by 89.6% from previous year
  • Gross margin of 57.5%
  • Net income of 13.93M
  • "Our quarter end NAV was $396.4 million, up 7.8% from $367.9 million last year..." - Henri J. Steenkamp

Saratoga Investment Corp (SAR) Q1 2026 Financial Results: Strong Performance Amid Challenging Market

Executive Summary

Saratoga Investment Corp (SAR) reported a robust fiscal first quarter of 2026, showcasing resilience in a volatile financial landscape. The company achieved a net income of $13.9 million, demonstrating significant growth compared to both year-over-year and quarter-over-quarter periods. Key highlights include a 17.9% increase in adjusted net investment income (NII) per share, strong portfolio returns, and a maintained focus on high-quality investments amid lower middle market challenges. Management remains optimistic about future growth prospects, attributing confidence to a healthy balance sheet with $224 million in cash available for investments and a strategic mix of new portfolio placements that seek to leverage relationships and capitalize on attractive opportunities.

Key Performance Indicators

Revenue

29.29M
QoQ: 67.71% | YoY:28.22%

Gross Profit

16.84M
57.49% margin
QoQ: 270.73% | YoY:70.38%

Operating Income

14.04M
QoQ: 495.75% | YoY:100.28%

Net Income

13.93M
QoQ: 2 157.94% | YoY:110.76%

EPS

0.91
QoQ: 1 400.00% | YoY:89.58%

Revenue Trend

Margin Analysis

Key Insights

  • Revenue: $29.29M (YoY +28.22%, QoQ +67.71%)
  • Net Income: $13.93M (YoY +110.76%, QoQ +2157.94%)
  • EPS: $0.91 (YoY +89.58%, QoQ +1400.00%)
  • Total Assets: $1.2B
  • Total Liabilities: $805.9M

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 29.29 0.91 +28.2% View
Q4 2025 17.47 -0.07 -20.3% View
Q3 2025 24.88 0.64 +117.6% View
Q2 2025 28.97 0.97 +29.0% View
Q1 2025 22.85 0.48 +66.4% View

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Q1 2026 Reports in Financial Services Sector

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