Financial Snapshot

Revenue
$83.93M
TTM
Gross Margin
95.83%
TTM
Net Earnings
$21.18M
TTM
Current Assets
$162.3M
Q3 2024
Current Liabilities
$15.68M
Q3 2024
Current Ratio
1035.37%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$842.6M
Q3 2024
Book Value
$372.1M
Q3 2024
Cash
Q3 2024
P/E
16.14
Nov 13, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $56.87M $35.20M $70.74M $57.65M $58.45M $47.71M $38.61M $33.16M $30.05M $27.38M $22.89M $17.01M $13.51M $14.17M $15.62M $23.39M $21.39M $0.00
YoY Change 61.57% -50.24% 22.71% -1.37% 22.51% 23.57% 16.44% 10.35% 9.75% 19.62% 34.57% 25.91% -4.66% -9.28% -33.22% 9.35%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $56.87M $35.20M $70.74M $57.65M $58.45M $47.71M $38.61M $33.16M $30.05M $27.38M $22.89M $17.01M $13.51M $14.17M $15.62M $23.39M $21.39M $0.00
Cost Of Revenue $78.18M $56.79M $44.95M $29.30M $38.63M $26.75M $22.71M $18.98M $16.55M $15.38M $11.56M $8.440M $5.630M $9.450M $8.450M $8.200M $10.09M $40.00K
Gross Profit $65.54M $42.31M $25.79M $28.36M $19.82M $20.96M $15.91M $14.18M $13.50M $11.99M $11.33M $8.570M $7.880M $4.720M $7.170M $15.19M $11.29M -$40.00K
Gross Profit Margin 115.23% 120.2% 36.45% 49.19% 33.91% 43.93% 41.21% 42.76% 44.93% 43.79% 49.5% 50.38% 58.33% 33.31% 45.9% 64.94% 52.78%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $8.618M $7.264M $5.883M $5.240M $4.000M $3.660M $3.150M $3.040M $2.820M $2.320M $2.440M $2.090M $2.180M $2.370M $2.100M $2.230M $2.110M $100.0K
YoY Change 18.64% 23.48% 12.26% 31.0% 9.29% 16.19% 3.62% 7.8% 21.55% -4.92% 16.75% -4.13% -8.02% 12.86% -5.83% 5.69% 2010.0%
% of Gross Profit 13.15% 17.17% 22.81% 18.48% 20.18% 17.46% 19.8% 21.44% 20.89% 19.35% 21.54% 24.39% 27.66% 50.21% 29.29% 14.68% 18.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $86.85M $63.90M $5.883M $5.240M $4.000M $3.690M $3.170M $3.070M $2.820M $2.320M $2.460M $2.100M $2.180M $2.110M $1.430M $1.220M $460.0K $90.00K
YoY Change 35.9% 986.3% 12.26% 31.0% 8.4% 16.4% 3.26% 8.87% 21.55% -5.69% 17.14% -3.67% 3.32% 47.55% 17.21% 165.22% 411.11%
Operating Profit -$21.31M -$21.59M $19.90M $23.12M $15.82M $17.27M $12.74M $11.11M $10.68M $9.670M $8.870M $6.470M $5.700M $2.610M $5.740M $13.97M $10.83M -$130.0K
YoY Change -1.3% -208.48% -13.91% 46.14% -8.4% 35.56% 14.67% 4.03% 10.44% 9.02% 37.09% 13.51% 118.39% -54.53% -58.91% 28.99% -8430.77%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$46.98M -$7.772M $30.42M -$4.310M $41.50M $1.240M $4.950M $1.730M $970.0K $1.330M -$380.0K $7.570M $7.570M $11.71M -$16.18M -$35.14M -$16.20M $0.00
YoY Change 504.52% -125.55% -805.76% -110.39% 3246.77% -74.95% 186.13% 78.35% -27.07% -450.0% -105.02% 0.0% -35.35% -172.37% -53.96% 116.91%
% of Operating Profit 152.83% -18.64% 262.33% 7.18% 38.85% 15.57% 9.08% 13.75% -4.28% 117.0% 132.81% 448.66% -281.88% -251.54% -149.58%
Other Income/Expense, Net $81.41K $1.280K
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income $9.908M $25.69M $47.89M $18.67M $55.74M $18.51M $17.68M $11.39M $11.65M $11.01M $8.500M $14.04M $13.28M $16.96M -$10.44M -$21.17M -$5.360M -$130.0K
YoY Change -61.43% -46.36% 156.5% -66.51% 201.13% 4.69% 55.22% -2.23% 5.81% 29.53% -39.46% 5.72% -21.7% -262.45% -50.68% 294.96% 4023.08%
Income Tax $42.93K -$153.0K $2.153M $3.900M $610.0K $0.00 $0.00 $0.00 $0.00 $30.00K $140.0K $90.00K $0.00
% Of Pretax Income 0.43% -0.6% 4.5% 20.89% 1.09% 0.0% 0.0% 0.0% 0.0%
Net Earnings $8.934M $24.68M $45.74M $14.78M $55.74M $18.51M $17.68M $11.39M $11.65M $11.01M $8.500M $14.04M $13.28M $16.96M -$10.46M -$21.31M -$5.450M -$130.0K
YoY Change -63.8% -46.05% 209.44% -73.48% 201.13% 4.69% 55.22% -2.23% 5.81% 29.53% -39.46% 5.72% -21.7% -262.14% -50.92% 291.01% 4092.31%
Net Earnings / Revenue 15.71% 70.1% 64.65% 25.64% 95.36% 38.8% 45.79% 34.35% 38.77% 40.21% 37.13% 82.54% 98.3% 119.69% -66.97% -91.11% -25.48%
Basic Earnings Per Share $0.71 $2.06 $3.99 $1.32
Diluted Earnings Per Share $0.71 $2.06 $3.992M $1.321M $5.981M $2.626M $2.937M $1.984M $2.088M $2.043M $1.728M $3.416M $3.872M $6.951M -$8.368M -$21.74M -$5.924M -$16.43B

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $40.51M $96.08M $52.87M $29.90M $39.50M $62.10M $13.80M $22.10M $7.000M $20.10M $6.600M $12.20M $26.90M $15.10M $3.600M $7.500M $15.70M $0.00
YoY Change -57.84% 81.72% 76.82% -24.3% -36.39% 350.0% -37.56% 215.71% -65.17% 204.55% -45.9% -54.65% 78.15% 319.44% -52.0% -52.23%
Cash & Equivalents $40.51M $96.08M $52.87M $29.90M $39.50M $62.10M $13.80M $22.10M $7.000M $20.10M $6.600M $12.20M $26.90M $15.10M $3.600M $7.500M $15.70M $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $4.300M $5.100M $4.300M $3.300M $3.500M $3.400M $2.600M $2.700M $3.100M $1.900M $1.900M $3.800M $3.300M $2.600M $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $200.0K $300.0K $0.00 $0.00 $1.800M $100.0K $0.00 $0.00 $0.00 $900.0K $0.00
Total Short-Term Assets $40.95M $96.88M $53.23M $34.20M $44.60M $66.40M $17.10M $25.80M $10.70M $22.70M $9.300M $17.10M $28.90M $17.00M $7.400M $10.80M $19.20M
YoY Change -57.73% 81.99% 55.65% -23.32% -32.83% 288.3% -33.72% 141.12% -52.86% 144.09% -45.61% -40.83% 70.0% 129.73% -31.48% -43.75%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.139B $972.6M $817.7M $557.0M $485.6M $403.7M $342.7M $292.7M $284.0M $240.5M $205.8M $155.1M $95.40M $80.00M $89.40M $118.9M $172.8M $0.00
YoY Change 17.09% 18.95% 46.8% 14.7% 20.29% 17.8% 17.08% 3.06% 18.09% 16.86% 32.69% 62.58% 19.25% -10.51% -24.81% -31.19%
Other Assets $2.100M $1.200M $1.600M $0.00 $500.0K $700.0K $800.0K
YoY Change 75.0% -25.0% -100.0% -28.57% -12.5%
Total Long-Term Assets $1.150B $981.3M $823.0M $558.0M $486.3M $404.3M $343.2M $292.9M $284.3M $240.9M $205.9M $157.3M $96.60M $81.80M $89.50M $119.9M $173.6M
YoY Change 17.22% 19.23% 47.49% 14.74% 20.28% 17.8% 17.17% 3.02% 18.02% 17.0% 30.9% 62.84% 18.09% -8.6% -25.35% -30.93%
Total Assets $1.191B $1.078B $876.2M $592.2M $530.9M $470.7M $360.3M $318.7M $295.0M $263.6M $215.2M $174.4M $125.5M $98.80M $96.90M $130.7M $192.8M $800.0K
YoY Change
Accounts Payable $9.485M $13.58M $12.95M $8.300M $17.50M $8.300M $6.700M $6.700M $6.500M $6.700M $6.200M $5.200M $3.600M $3.100M $4.400M $3.700M $1.900M $100.0K
YoY Change -30.15% 4.88% 55.99% -52.57% 110.84% 23.88% 0.0% 3.08% -2.99% 8.06% 19.23% 44.44% 16.13% -29.55% 18.92% 94.74% 1800.0%
Accrued Expenses $3.582M $3.653M $77.64M $3.000M $2.800M $3.600M $3.500M $3.200M $1.800M $1.800M $1.300M $200.0K $400.0K $200.0K $0.00 $0.00 $0.00 $800.0K
YoY Change -1.94% -95.29% 2487.87% 7.14% -22.22% 2.86% 9.38% 77.78% 0.0% 38.46% 550.0% -50.0% 100.0% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.52M $17.26M $94.03M $12.00M $20.30M $11.90M $10.20M $9.900M $9.200M $8.900M $7.500M $5.400M $8.100M $8.200M $4.400M $3.700M $16.50M $900.0K
YoY Change -21.68% -81.65% 683.61% -40.89% 70.59% 16.67% 3.03% 7.61% 3.37% 18.67% 38.89% -33.33% -1.22% 86.36% 18.92% -77.58% 1733.33%
Long-Term Debt $820.9M $729.2M $436.7M $281.1M $204.9M $277.2M $206.5M $181.5M $160.7M $132.1M $94.30M $60.30M $20.00M $4.500M $37.00M $59.00M $78.50M $0.00
YoY Change 12.58% 66.98% 55.36% 37.19% -26.08% 34.24% 13.77% 12.94% 21.65% 40.08% 56.38% 201.5% 344.44% -87.84% -37.29% -24.84%
Other Long-Term Liabilities -$17.27M -$18.08M -$12.33M -$7.100M -$600.0K -$700.0K -$400.0K -$500.0K -$400.0K $0.00 $800.0K
YoY Change -4.51% 46.6% 73.71% -14.29% 75.0% -20.0% -100.0%
Total Long-Term Liabilities $803.7M $711.1M $424.4M $274.0M $204.9M $277.2M $206.5M $181.5M $160.7M $132.1M $94.30M $60.30M $20.00M $4.500M $37.00M $59.00M $78.50M $0.00
YoY Change 13.01% 67.57% 54.88% 33.72% -26.08% 34.24% 13.77% 12.94% 21.65% 40.08% 56.38% 201.5% 344.44% -87.84% -37.29% -24.84%
Total Liabilities $821.0M $731.2M $520.5M $288.0M $226.6M $289.8M $216.6M $191.4M $169.9M $141.0M $101.7M $65.70M $28.10M $12.70M $41.50M $62.70M $95.00M $900.0K
YoY Change 12.28% 40.49% 80.72% 27.1% -21.81% 33.8% 13.17% 12.65% 20.5% 38.64% 54.79% 133.81% 121.26% -69.4% -33.81% -34.0% 10455.56%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 12.67M shares 11.96M shares 11.46M shares 11.19M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $341.85 Million

About Saratoga Investment Corp

Saratoga Investment Corp. is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2010-08-13. The Company’s investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. The firm invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its portfolio is comprised primarily of investments in leveraged loans issued by middle-market companies. The company also invests in mezzanine debt and makes equity investments in middle-market companies. The firm is externally managed and advised by the investment adviser, Saratoga Investment Advisors, LLC (Saratoga Investment Advisors).

Industry: UNKNOWN Peers: BlackRock Capital Investment Corp Blackstone Inc Gladstone Capital Corp Horizon Technology Finance Corp Silvercrest Asset Management Group Inc Stellus Capital Investment Corp Triplepoint Venture Growth BDC Corp WhiteHorse Finance Inc