Saratoga Investment Corp

What Do They Do?

Provides customized loans and equity financing to private U.S. middle-market businesses, primarily through senior loans, alongside lower-priority loans and company-share investments.

How Do They Make Money?

Who Are Their Customers?

Its borrowers are private U.S. middle-market companies; it lends directly or participates in loan syndicates, sourcing deals through banks, commercial finance companies and financial sponsors.

Do Revenues Turn Into Profits?

Yes. It kept 99 cents of every revenue dollar as net income in FY2026.

How Are They Changing?

Growing. Revenue grew 85% in 4 years, from $19.9M in FY2022 to $36.8M in FY2026, about 17% a year.