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Saratoga Investment (SAR) Operating Expenses (2022 - 2025)

Saratoga Investment (SAR) has disclosed Operating Expenses for 4 consecutive years, with $21.9 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 51.86% to $21.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $115.8 million through Nov 2025, up 31.61% year-over-year, with the annual reading at $95.9 million for FY2025, 10.37% up from the prior year.
  • Operating Expenses hit $21.9 million in Q4 2025 for Saratoga Investment, up from $21.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $50.2 million in Q1 2025 to a low of $10.7 million in Q2 2022.
  • Historically, Operating Expenses has averaged $22.0 million across 4 years, with a median of $21.9 million in 2025.
  • Biggest five-year swings in Operating Expenses: tumbled 35.09% in 2024 and later surged 105.42% in 2025.
  • Year by year, Operating Expenses stood at $16.4 million in 2022, then soared by 35.38% to $22.2 million in 2023, then tumbled by 35.09% to $14.4 million in 2024, then surged by 51.86% to $21.9 million in 2025.
  • Business Quant data shows Operating Expenses for SAR at $21.9 million in Q4 2025, $21.5 million in Q3 2025, and $22.2 million in Q2 2025.