---
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"
generated_at: "2026-05-15T09:55:00.920725+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Varagon Capital Q4 NII $0.25/sh, NAV $9.23, declares Q1 distribution $0.23

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-114292
- form_type: 8-K
- cik: 0001784700
- company_name: Varagon Capital Corp
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-114292
- JSON: https://secwatch.observer/filing/0001193125-26-114292.json
- Plain text: https://secwatch.observer/filing/0001193125-26-114292.txt

## Key facts
- Earnings Releases
  Varagon Capital Corp reported the fiscal year ended December 31, 2025 results: EPS $0.24.
  - Period: the fiscal year ended December 31, 2025
  - EPS: $0.24
  - Result: reported results
  source text: Varagon Capital Corporation released an earnings presentation relating to its financial results for the fiscal year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/0001193125-26-114292-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.