---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-052225"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:18:00.322030+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment FY2026 ROE 9.1% beats prior year; AUM up 13.4% to $1.11B

## Summary
- Annual ROE 9.1% vs 7.5% prior year and BDC industry avg of 4.3%; EPS $2.31 vs $2.02.
- AUM $1.109B (+13.4% YoY); NAV per share $24.42, down from $25.86 due to dividends exceeding NII.
- Total investment income $125.7M, down 15.5% YoY on lower SOFR rates and tighter spreads.
- Q4 originations $135.1M, net deployments $101.1M; non-accruals low at 0.2% of fair value.
- Quarterly dividend $0.75 per share for Q1 FY2027 ($0.25/month); FY2026 total $3.74 incl. $0.25 special.

## SEC filing metadata
- accession: 0001213900-26-052225
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1377936/000121390026052225/0001213900-26-052225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026052225/ea0289168-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-052225
- JSON: https://secwatch.observer/filing/0001213900-26-052225.json
- Plain text: https://secwatch.observer/filing/0001213900-26-052225.txt

## Source-grounded claims
- claim_id: 9218c9857892f3db36741de42d06e31798b05a7f
  claim: SARATOGA INVESTMENT CORP. reported financial results for the quarter and full year ended February 28, 2026.
  evidence_excerpt: On May 5, 2026, Saratoga Investment Corp. issued a press release announcing its financial results for the quarter and full year ended February 28, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026052225/0001213900-26-052225-index.htm

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