Saratoga Investment (SAR) Non Operating Interest Expenses (2021 - 2026)
Saratoga Investment's Non Operating Interest Expenses came in at $13.65 million for fiscal Q1 2027 (quarter ended May 31, 2026), up 9.6% from $12.45 million a year earlier and up 8.6% from the prior quarter.
Saratoga Investment (SAR) Non Operating Interest Expenses (2021 - 2026) Analysis & Trends
Over the trailing twelve months to May 31, 2026, Saratoga Investment reported Non Operating Interest Expenses of $50.5 million, down 2.7% year-over-year; for FY2026 (ended Feb 28, 2026), it was $49.3 million, down 5.3% from FY2025.
- Non Operating Interest Expenses carries a five-year compound annual growth rate of 29.4% (FY2021 to FY2026).
- Going back by fiscal year, Non Operating Interest Expenses was $52.06 million in FY2025 (+5.9%), $49.18 million in FY2024 (+46.8%), $33.5 million in FY2023 (+68.5%) and $19.88 million in FY2022 (+46.3%).
- The fiscal Q1 2027 figure represents the highest quarterly Non Operating Interest Expenses in data going back to fiscal Q2 2022.
- Year-over-year, Non Operating Interest Expenses increased in four of the last eight quarters, with growth averaging 0.2%.
- The fastest year-over-year change in Non Operating Interest Expenses over five years came in fiscal Q4 2023 (growth of 86.0%), and the weakest in fiscal Q3 2026 (a decline of 11.2%).
- Business Quant data shows SAR's Non Operating Interest Expenses at $12.57 million (Q4 2026), $11.91 million (Q3 2026) and $12.37 million (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | Saratoga Investment | 272.03 Mn | 66.25 Mn | - | 13.65 Mn |
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 |
Saratoga Investment Non Operating Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-operating-interest-expenses&ticker=SAR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "ticker": "SAR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-operating-interest-expenses&ticker=SAR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();