Saratoga Investment Corp 8125 (SAY)

Name: Saratoga Investment Corp 8125 Financial Statements
Creator: Quarter Results

Financial Services | Investment Banking Investment Services

Latest reporting period: 2025-11-30

Latest Quarter

2025-11-30

Revenue

$27.3M

Net Income

$12.0M

Operating Margin

43.8%

Free Cash Flow

$198M

Debt / Assets

67.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Saratoga Investment Corp 8125 (SAY).
Income Statement (Quarterly)	2025-11-30	2025-08-31	2025-05-31	2025-02-28
Revenue	27,250,227	27,760,663	29,294,088	112,894,921,475
Cost of Revenue	11,911,568	12,372,030	12,451,865	20,092,362
Gross Profit	15,338,659	15,388,633	16,842,223	-35,940,224,163
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	1,756,560,000	2,538,811	2,800,421	2,506,320,538
Operating Expenses	3,393,219	2,538,811	2,800,421	2,506,320,538
Operating Income	11,945,440	12,849,822	14,041,802	-12,494,340,063
Interest Expense	11,911,568	12,372,030	12,451,865	12,924,023,000
Income Before Tax	11,945,440	12,849,822	14,041,802	355,258,098
Income Tax Expense	-54,544	-435,313	109,539	375,065,609
Net Income	11,999,984	13,285,135	13,932,263	-28,763,019
Per Share
EPS	0.74	0.84	0.91	-0.07
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Saratoga Investment Corp 8125 (SAY).
Income Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Revenue	94,163,000	143,873,489	106,550,716	84,138,884
Cost of Revenue	52,059,000	31,110,722	24,641,494	26,602,187
Gross Profit	42,104,000	112,762,767	81,909,222	57,536,697
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	9,338,000	35,792,936	0	30,326,520
Operating Expenses	10,139,000	35,792,936	40,563,859	-12,665,477
Operating Income	31,965,690	107,926,970	69,614,212	70,202,170
Interest Expense	52,059,000	49,179,899,000	33,498,489	19,880,693
Income Before Tax	31,965,690	10,806,588	60,775,150	47,887,071
Income Tax Expense	3,879,433	1,872,763	60,775,150	2,151,887
Net Income	28,086,257	8,933,825	25,689,572	45,735,184
Per Share
EPS	2.02	0.71	2.15	3.99
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Saratoga Investment Corp 8125 (SAY).
Balance Sheet (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Assets
Cash and Cash Equivalents	148,218,491	8,692,846	96,076,273	52,870,342
Short Term Investments	0	0	0	0
Net Receivables	7,791,661	10,741,697	8,960,311	5,547,078
Inventory	0	0	-1,078,158,174	1
Total Current Assets	156,010,152	51,248,821	105,036,584	58,417,420
Property Plant Equipment	0	0	0	0
Goodwill and Intangibles	0	0	0	0
Total Assets	1,191,543,857	1,191,205,835	1,078,158,174	876,239,755
Liabilities
Account Payables	5,585,852	1,337,542	1,464,343	799,058
Short Term Debt	0	54,882,329	32,500,000	0
Total Current Liabilities	5,585,852	68,399,261	2,816,572	32,831,736
Long Term Debt	781,823,075	748,791,316	678,625,536	498,878,480
Total Liabilities	798,878,389	820,981,727	11,891	520,459,232
Shareholders Equity
Retained Earnings	-20,263,312	-870,745	346,958,042	27,706,146
Total Shareholders Equity	392,665,468	370,224,108	1,078,158,174	355,780,523

Balance sheet annual history for Saratoga Investment Corp 8125 (SAY).
Balance Sheet (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Assets
Cash and Cash Equivalents	148,218,491	8,692,846	96,076,273	52,870,342
Short Term Investments	0	0	0	0
Net Receivables	7,791,661	10,741,697	8,960,311	5,547,078
Inventory	0	0	-1,078,158,174	1
Total Current Assets	156,010,152	51,248,821	105,036,584	58,417,420
Property Plant Equipment	0	0	0	0
Goodwill and Intangibles	0	0	0	0
Total Assets	1,191,543,857	1,191,205,835	1,078,158,174	876,239,755
Liabilities
Account Payables	5,585,852	1,337,542	1,464,343	799,058
Short Term Debt	0	54,882,329	32,500,000	0
Total Current Liabilities	5,585,852	68,399,261	2,816,572	32,831,736
Long Term Debt	781,823,075	748,791,316	678,625,536	498,878,480
Total Liabilities	798,878,389	820,981,727	11,891	520,459,232
Shareholders Equity
Retained Earnings	-20,263,312	-870,745	346,958,042	27,706,146
Total Shareholders Equity	392,665,468	370,224,108	1,078,158,174	355,780,523

Cash flow quarterly history for Saratoga Investment Corp 8125 (SAY).
Cash Flow Statement (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Operating Activities
Net Income	28,086,257	8,933,825	24,675,763	45,735,184
Depreciation & Amortization	5,025,786	5,171,249	0	0
Stock Based Compensation	0	0	0	0
Change in Working Capital	1,811,792	-6,154,365	-6,763,303	10,460,307
Operating Cash Flow	197,538,505	-157,206,679	32,486,395	28,008,898
Investing Activities
Capital Expenditure	0	0	0	0
Investments	0	0	0	0
Investing Cash Flow	0	-215,829,859	-162,860,234	-231,142,525
Financing Activities
Debt Repayment	-27,676,808	92,000,000	-207,614,000	-218,979,000
Common Stock Issued/Repurchased	32,750,583	-2,157,605	119,125,000	24,019,590
Dividends Paid	-40,747,247	-32,053,610	-22,665,140	-18,158,029
Financing Cash Flow	-33,321,705	101,637,530	173,579,770	226,088,895
Summary
Free Cash Flow	197,538,505	-157,206,679	32,486,395	28,008,898
Net Change in Cash	164,216,800	-55,569,149	43,205,931	22,955,268

Cash flow annual history for Saratoga Investment Corp 8125 (SAY).
Cash Flow Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Operating Activities
Net Income	28,086,257	8,933,825	24,675,763	45,735,184
Depreciation & Amortization	5,025,786	5,171,249	0	0
Stock Based Compensation	0	0	0	0
Change in Working Capital	1,811,792	-6,154,365	-6,763,303	10,460,307
Operating Cash Flow	197,538,505	-157,206,679	32,486,395	28,008,898
Investing Activities
Capital Expenditure	0	0	0	0
Investments	0	0	0	0
Investing Cash Flow	0	-215,829,859	-162,860,234	-231,142,525
Financing Activities
Debt Repayment	-27,676,808	92,000,000	-207,614,000	-218,979,000
Common Stock Issued/Repurchased	32,750,583	-2,157,605	119,125,000	24,019,590
Dividends Paid	-40,747,247	-32,053,610	-22,665,140	-18,158,029
Financing Cash Flow	-33,321,705	101,637,530	173,579,770	226,088,895
Summary
Free Cash Flow	197,538,505	-157,206,679	32,486,395	28,008,898
Net Change in Cash	164,216,800	-55,569,149	43,205,931	22,955,268