Saratoga Investment (SAR) Operating Expenses (2021 - 2026)

Saratoga Investment has disclosed Operating Expenses across 6 years of filings, most recently posting $23.3 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $23.3 million, down 53.56% year-over-year; the trailing twelve-month figure through Feb 2026 was $88.9 million (down 21.85% YoY), and the FY2026 annual result was $88.9 million, down 7.25% from the prior year.
• Operating Expenses came in at $23.3 million for Q1 2026 at Saratoga Investment, up from $21.9 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.
• The 5-year median for Operating Expenses is $21.9 million (2025), against an average of $21.6 million.
• Across the five-year window, Operating Expenses soared 105.42% in 2025 and slumped 53.56% in 2026, its largest moves.
• Saratoga Investment's Operating Expenses stood at $16.4 million in 2022, then jumped by 35.38% to $22.2 million in 2023, then tumbled by 35.09% to $14.4 million in 2024, then soared by 51.86% to $21.9 million in 2025, then climbed by 6.71% to $23.3 million in 2026.
• The last three Operating Expenses figures came in at $23.3 million (Q1 2026), $21.9 million (Q4 2025), and $21.5 million (Q3 2025), per Business Quant data.