The earnings call reflects a mixed sentiment with several positive indicators such as increased adjusted NII per share, improved NAV, and strong return on equity. However, these are tempered by challenges like the decline in adjusted NII compared to the previous year, pressure on NAV per share, and ongoing difficulties in deal volume due to market conditions.

Company Guidance

In the Saratoga Investment Corp.'s fiscal first quarter 2026 conference call, key metrics highlighted include a 17.9% increase in adjusted net investment income (NII) per share from the previous quarter, a net asset value (NAV) of $396.4 million, and a strong return on equity of 9.3%, surpassing the industry average of 7%. The company reported a $50.1 million investment in new portfolio companies and follow-ons, with the core non-CLO portfolio marked up by $2.6 million. The portfolio's fair value increased by $3.8 million, and the net interest margin expanded from $13.7 million last quarter to $15.6 million. Despite a challenging macro environment, Saratoga maintained a high credit quality portfolio, with 99.7% of its investments rated in the highest category. The dividend of $0.75 per share for the second fiscal quarter represents an 11.8% yield, with a total of $430 million in investment capacity available. The company's strategic initiatives include expanding business development efforts to counteract the current slowdown in deal volume and M&A activities in the lower middle market.

Increase in Adjusted NII Per Share

Adjusted Net Investment Income (NII) per share increased by 17.9% from the previous quarter, reflecting strong earnings performance.

NAV Improvement

Net Asset Value (NAV) increased by 7.8% from the same quarter last year and by 0.9% from the previous quarter.

Strong Return on Equity

The latest 12-month return on equity was 9.3%, up from 4.4% last year and from 7.5% last quarter, surpassing the industry average of 7%.

Healthy Portfolio Quality

Overall portfolio credit quality remained strong with only 0.6% of investments on nonaccrual status, significantly lower than the industry average of 3.7%.

Investment Capacity

Saratoga maintains $430 million of investment capacity, with $224 million in cash, providing flexibility for future investments.

Saratoga Investment (SAR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 14, 2025	2026 (Q2)	0.66 / -	1.33	―	―	―
Jul 08, 2025	2026 (Q1)	0.72 / 0.66	1.05	-37.14% (-0.39)
May 07, 2025	2025 (Q4)	0.70 / 0.56	0.94	-40.43% (-0.38)
Jan 08, 2025	2025 (Q3)	0.86 / 0.90	1.01	-10.89% (-0.11)
Oct 08, 2024	2025 (Q2)	0.94 / 1.33	1.08	23.15% (+0.25)
Jul 09, 2024	2025 (Q1)	0.95 / 1.05	1.08	-2.78% (-0.03)
May 06, 2024	2024 (Q4)	0.96 / 0.94	0.98	-4.08% (-0.04)
Jan 09, 2024	2024 (Q3)	1.03 / 1.01	0.77	31.17% (+0.24)
Oct 09, 2023	2024 (Q2)	1.02 / 1.08	0.58	86.21% (+0.50)
Jul 10, 2023	2024 (Q1)	0.85 / 1.08	0.66	63.64% (+0.42)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SAR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 08, 2025	$24.54	$23.84	-2.85%
May 07, 2025	$23.71	$21.83	-7.93%
Jan 08, 2025	$22.36	$22.06	-1.34%
Oct 08, 2024	$20.59	$21.69	+5.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Saratoga Investment Corp (SAR) report earnings?

Saratoga Investment Corp (SAR) is schdueled to report earning on Oct 14, 2025, After Close (Confirmed).

What is Saratoga Investment Corp (SAR) earnings time?

Saratoga Investment Corp (SAR) earnings time is at Oct 14, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SAR EPS forecast?

SAR EPS forecast for the fiscal quarter 2026 (Q2) is 0.66.

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