Saratoga Investment (SAJ) Interest Expenses (2021 - 2026)
Saratoga Investment's (SAJ) quarterly Interest Expenses came in at $13.7 million in Q2 2026, up 9.62% year-over-year from $12.5 million in Q2 2025, and up 8.62% quarter-over-quarter from $12.6 million in Q1 2026.
Analysis
Saratoga Investment (SAJ) Interest Expenses (2021 - 2026) Analysis & Trends
Saratoga Investment has disclosed Interest Expenses across 6 years of filings, most recently posting $13.7 million for Q2 2026.
- In Q2 2026, Interest Expenses rose 9.62% year-over-year to $13.7 million; the TTM figure through May 2026 stood at $50.5 million (down 2.72% YoY), while the FY2026 annual figure was $49.3 million, down 5.29% from the prior year.
- Interest Expenses came in at $13.7 million for Q2 2026 at Saratoga Investment, up from $12.6 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $13.7 million in Q2 2026 to a low of $5.5 million in Q1 2022.
- Average Interest Expenses over 5 years is $11.3 million, with a median of $12.4 million recorded in 2023.
- Year-over-year, Interest Expenses surged 86.03% in 2023 and decreased 11.16% in 2025.
- Over 5 years, Interest Expenses stood at $8.4 million in 2022, then soared by 48.2% to $12.5 million in 2023, then rose by 7.07% to $13.4 million in 2024, then declined by 11.16% to $11.9 million in 2025, then climbed by 14.6% to $13.7 million in 2026.
- Per Business Quant data, the three most recent Interest Expenses figures were $13.7 million in Q2 2026, $12.6 million in Q1 2026, and $11.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 214.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 101.07 Mn |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 122.98 Mn |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 36.64 Mn |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 108.79 Mn |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 31.14 Mn |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | 101.00 Mn |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 60.99 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 25.03 Mn |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | 13.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 13.65 Mn |
| Feb 28, 2026 | 12.57 Mn |
| Nov 30, 2025 | 11.91 Mn |
| Aug 31, 2025 | 12.37 Mn |
| May 31, 2025 | 12.45 Mn |
| Feb 28, 2025 | 12.92 Mn |
| Nov 29, 2024 | 13.41 Mn |
| Aug 31, 2024 | 13.13 Mn |
| May 31, 2024 | 12.96 Mn |
| Feb 29, 2024 | 12.55 Mn |
| Nov 30, 2023 | 12.52 Mn |
| Aug 31, 2023 | 12.41 Mn |
| May 31, 2023 | 11.69 Mn |
| Feb 28, 2023 | 10.26 Mn |
| Nov 30, 2022 | 8.45 Mn |
| Aug 31, 2022 | 7.92 Mn |
| May 31, 2022 | 6.87 Mn |
| Feb 28, 2022 | 5.51 Mn |
| Nov 30, 2021 | 4.84 Mn |
| Aug 31, 2021 | 5.18 Mn |