SARATOGA INVESTMENT CORP. SEC 10-Q Report

Saratoga Investment Corp., a business development company specializing in providing customized financing solutions to middle-market companies, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial and operational performance, reflecting both challenges and improvements in various areas.

Financial Highlights

Total Investment Income: Saratoga Investment Corp. reported a total investment income of $32.32 million, a decrease from the previous year's $38.68 million. This decline was primarily due to lower interest income from non-control/non-affiliate investments.

Net Investment Income: The company's net investment income stood at $10.14 million, down from $14.34 million in the prior year. The reduction in net investment income was mainly attributed to the decrease in total investment income.

Net Realized and Unrealized Gain (Loss) on Investments: Saratoga Investment Corp. recorded a net gain of $3.79 million, a significant improvement compared to a loss of $7.72 million in the previous year. This indicates better investment performance during the period.

Net Increase in Net Assets Resulting from Operations: The company saw a net increase in net assets resulting from operations amounting to $13.93 million, up from $6.61 million in the previous year. This growth was driven by gains in investment performance.

Weighted Average - Basic and Diluted Earnings (Loss) Per Common Share: The earnings per share (EPS) for the period was $0.91, an increase from $0.48 in the prior year, reflecting improved net asset results.

Business Highlights

Revenue Segments: The company reported investment income from various segments, including non-control/non-affiliate investments, affiliate investments, and control investments. The non-control/non-affiliate investments contributed the largest portion of interest income, followed by affiliate and control investments.

Future Outlook: Management expressed a positive outlook for the investment portfolio, highlighting the potential for continued income generation and capital appreciation. The company plans to maintain its focus on generating current income and capital appreciation through strategic investments.

SEC Filing: SARATOGA INVESTMENT CORP. [ SAR ] - 10-Q - Jul. 08, 2025