---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-002156"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:19:49.362381+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Q3 NII $0.61 (+5.2% QoQ), NAV stable $25.59, ROE 13.5%

## Summary
- NII per share $0.61, up $0.03 from Q2; adjusted NII $0.61; EPS $0.74 vs $0.84 last quarter.
- NAV $413.2M ($25.59/share) vs $410.5M ($25.61) prior; AUM $1.016B (+2.1% QoQ).
- Annualized Q3 ROE 13.5%; LTM ROE 9.7% beats BDC industry average of 6.6%.
- Net originations $17.2M: $72.1M originations (3 new cos) and $54.9M repayments.
- Base dividend $0.75/share for Q4 FY2026; total FY2026 dividends $3.25/share incl $0.25 special.

## SEC filing metadata
- accession: 0001213900-26-002156
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390026002156/0001213900-26-002156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026002156/ea0272126-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-002156
- JSON: https://secwatch.observer/filing/0001213900-26-002156.json
- Plain text: https://secwatch.observer/filing/0001213900-26-002156.txt

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