{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-114292","form_type":"8-K","ticker":null,"cik":"0001784700","company_name":"Varagon Capital Corp","filed_at":"2026-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.165875+00:00","generated_at":"2026-05-15T09:55:00.920725+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Varagon Capital Q4 NII $0.25/sh, NAV $9.23, declares Q1 distribution $0.23","bullets":["Q4 2025 NII of $10.4M ($0.25/sh, annualized 10.8% yield) vs $12.7M ($0.31) in Q4 2024.","NAV per share $9.23 at Dec 31, 2025, down from $9.47 a year earlier.","Q1 2026 distribution set at $0.23/sh; Q4 2025 total was $0.26/sh (incl. $0.02 special).","Total investments at fair value $849.4M across 115 portfolio cos; weighted average yield 10.7%.","Debt-to-equity 1.19x; one non-accrual investment at 0.2% of portfolio fair value."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-114292","json":"https://secwatch.observer/filing/0001193125-26-114292.json","markdown":"https://secwatch.observer/filing/0001193125-26-114292.md","text":"https://secwatch.observer/filing/0001193125-26-114292.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/0001193125-26-114292-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/ck0001784700-20260318.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:55:00.920725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"070b868418eaf6112cc0292fe7567cedabbb1763","claim":"Varagon Capital Corp reported the fiscal year ended December 31, 2025 results: EPS $0.24.","evidence_excerpt":"Varagon Capital Corporation released an earnings presentation relating to its financial results for the fiscal year ended December 31, 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/0001193125-26-114292-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2025"},{"label":"EPS","value":"$0.24"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}