Saratoga Investment reported cash from operations of -$27.77M and free cash flow of -$27.77M for the quarter ended Aug 2026, down 43.9% year over year. This cash flow statement covers 22 quarters of results from Feb 2021 through Aug 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow StatementCash Flow | Feb2021 | Aug2021 | Nov2021 | Feb2022 | May2022 | Aug2022 | Nov2022 | Feb2023 | May2023 | Aug2023 | Nov2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Feb2026 | May2026 | Aug2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 8.34M | 8.40M | -1.49M | 0.95M | 6.01M | 19.20M | -0.21M | 7.90M | -4.06M | 5.31M | 6.61M | 13.32M | 8.84M | 39.04M | 13.93M | 13.29M | 12.00M | -2.61M | -6.90M | -6.66M | ||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||
| Amortization of Deferred Charges | 0.29M | 0.62M | 0.80M | 0.88M | 0.89M | 1.02M | 1.22M | 1.37M | 1.32M | 1.26M | 1.24M | 1.28M | 1.26M | 1.24M | 1.25M | 1.25M | 1.11M | 1.19M | 1.30M | 1.36M | ||
| Deferred Taxes | 0.13M | 0.10M | 1.38M | -0.06M | 0.22M | 0.42M | 0.32M | 0.46M | 0.16M | 0.13M | 0.31M | 0.06M | -0.42M | 0.15M | 0.11M | -0.53M | -0.51M | |||||
| Amortization of Securities Premiums, NetSecurities Amortization | 0.48M | 0.67M | 0.35M | 0.48M | 0.41M | 0.57M | 0.46M | 0.40M | 0.78M | 0.58M | 0.81M | 0.47M | 0.90M | 0.63M | 0.86M | 0.31M | 1.26M | 0.67M | 0.81M | 0.49M | ||
| Gains from Investment Securities | 9.92M | 14.08M | 0.16M | 7.94M | -0.74M | 0.08M | -16.32M | -5.74M | -17.87M | -7.16M | -21.19M | -33.45M | -8.92M | -14.77M | 3.79M | 4.20M | 3.07M | -4.58M | -15.18M | -16.46M | ||
| Other non-cash items | 0.76M | -0.56M | -0.35M | 1.20M | -0.41M | 0.38M | -0.46M | 0.11M | 0.86M | -0.81M | -0.47M | 0.22M | 7.09M | -8.25M | 0.12M | 0.70M | ||||||
| Change in Working Capital | ||||||||||||||||||||||
| Change in Interest Receivables | -0.55M | 0.53M | 0.23M | -0.31M | 3.80M | -0.66M | -0.33M | 0.20M | 1.20M | 1.06M | -0.68M | 0.47M | -2.62M | 0.02M | 0.52M | 0.62M | 0.28M | -1.59M | 1.73M | 0.07M | ||
| Change in Accrued Expenses | 0.04M | -1.40M | 2.33M | -0.10M | 0.10M | -1.29M | 0.83M | -0.20M | 0.46M | -1.08M | 1.35M | -0.93M | 1.87M | -1.95M | 0.69M | 1.43M | -0.59M | -0.50M | 0.05M | |||
| Change in Taxes | 0.01M | 0.13M | 2.69M | -0.03M | -5.61M | |||||||||||||||||
| Change in Other Operating AssetsOther Assets Change | -0.01M | -0.66M | -0.02M | -0.05M | -0.04M | 0.29M | 0.14M | -0.23M | 0.50M | 0.23M | 0.52M | -0.12M | 0.30M | -0.92M | 0.42M | -0.15M | 1.06M | -1.50M | 0.22M | -0.15M | ||
| Change in Other Operating LiabilitiesOther Liabilities Change | 0.02M | -0.67M | 0.78M | -0.11M | 0.20M | -2.63M | -0.33M | -0.02M | -3.40M | 0.21M | 0.34M | 1.24M | -1.86M | -1.74M | 7.59M | -4.90M | -1.45M | -0.63M | 0.26M | 0.05M | ||
| Other Operating ActivitiesOther Operating | 14.71M | -139.33M | -82.38M | -58.79M | -26.72M | 19.26M | -128.87M | -22.63M | -31.10M | -33.12M | 20.79M | 22.98M | 71.79M | -73.34M | 5.55M | -15.90M | -18.82M | -98.92M | -33.63M | -39.08M | ||
| Cash from Operations | 15.29M | -146.20M | -80.21M | -60.26M | -22.46M | 32.56M | -110.91M | -7.08M | -18.55M | -20.66M | 52.15M | 71.15M | 94.16M | -19.92M | 32.29M | -19.30M | -8.60M | -92.42M | -25.97M | -27.77M | ||
| Investing Activities | ||||||||||||||||||||||
| Investment Securities | ||||||||||||||||||||||
| Purchase of Investments - Total | 58.57M | 87.57M | ||||||||||||||||||||
| Sale and Maturity of Investments - Total | 66.45M | 10.69M | 10.09M | 95.08M | 56.92M | 60.12M | 11.07M | 6.04M | 2.14M | 11.02M | 75.70M | 60.14M | 160.40M | 15.87M | 65.07M | 29.88M | 55.95M | 33.74M | 48.42M | 39.05M | ||
| Financing Activities | ||||||||||||||||||||||
| Debt Issuance and Repayment | ||||||||||||||||||||||
| Long-Term Debt Issuances | 47.50M | 75.00M | 142.00M | 43.00M | 84.00M | 67.88M | 110.00M | 14.00M | 16.00M | 9.00M | 23.00M | 7.00M | 17.50M | 32.50M | 186.56M | 77.50M | 85.00M | |||||
| Long-Term Debt Repayments | 22.00M | 17.00M | 40.66M | 30.00M | 27.00M | 12.50M | 44.00M | 20.00M | 5.00M | 44.50M | 222.00M | |||||||||||
| Net Long-Term Debt Issued (Repaid)Net LT Debt | 47.50M | 53.00M | 142.00M | 43.00M | 67.00M | 27.22M | 80.00M | -13.00M | 16.00M | 9.00M | 10.50M | 7.00M | -44.00M | -2.50M | -5.00M | -12.00M | -35.44M | 77.50M | 85.00M | |||
| Net Debt Issuances and Repayments | 47.50M | 53.00M | 142.00M | 43.00M | 67.00M | 27.22M | 80.00M | -13.00M | 16.00M | 9.00M | 10.50M | 7.00M | -44.00M | -2.50M | -5.00M | -12.00M | -35.44M | 77.50M | 85.00M | |||
| Change in Capital Stock | ||||||||||||||||||||||
| Common Stock IssuedStock Issued | 15.16M | 11.51M | 9.01M | 13.03M | -168.22M | 30.22M | 6.14M | 11.10M | 1.51M | 227.20M | ||||||||||||
| Shares Repurchased | 1.29M | 3.73M | 3.69M | 2.18M | 1.22M | 0.00M | 2.16M | |||||||||||||||
| Net Shares Issued and Repurchased | 15.16M | 10.22M | -3.73M | -3.69M | -2.18M | -1.22M | 0.00M | -2.16M | 9.01M | 13.03M | -168.22M | 30.22M | 6.14M | 11.10M | 1.51M | 227.20M | ||||||
| Net Equity Issued and Repurchased | 15.16M | 10.22M | -3.73M | -3.69M | -2.18M | -1.22M | 0.00M | -2.16M | 9.01M | 13.03M | -168.22M | 30.22M | 6.14M | 11.10M | 1.51M | 227.20M | ||||||
| Dividend Payments | ||||||||||||||||||||||
| Dividends Paid - Common and PreferredDividends Paid | 4.87M | 5.32M | 5.32M | 5.28M | 5.28M | 6.78M | 7.13M | 7.60M | 8.43M | 8.89M | 8.98M | 9.12M | 8.96M | 13.69M | 16.67M | 10.51M | 10.80M | 14.38M | 10.80M | 10.81M | ||
| Other Financing ActivitiesOther Financing | -2.32M | -2.90M | -4.12M | -62.62M | -2.67M | -2.74M | -4.87M | 25.12M | 0.56M | 1.00M | -0.88M | -0.32M | 171.18M | 1.94M | 0.30M | 0.23M | -1.35M | -5.53M | -228.91M | -11.36M | ||
| Cash from Financing Activities | 55.47M | 55.00M | 128.83M | -28.59M | 56.86M | 16.47M | 67.99M | 2.36M | 17.15M | 14.14M | 0.64M | -2.44M | -6.00M | -25.52M | -12.73M | -4.18M | -22.64M | -55.36M | 64.99M | 62.83M | ||
| Misc. | ||||||||||||||||||||||
| Change in Cash | 70.76M | -91.20M | 48.62M | -88.84M | 34.40M | 49.03M | -42.92M | -4.72M | -1.41M | -6.52M | 52.79M | 68.71M | 88.16M | -45.44M | 19.56M | -23.48M | -31.25M | -147.77M | 39.02M | 35.06M | ||
| Ending Cash Balance | 144.07M | 52.87M | 101.49M | 12.65M | 47.05M | 96.08M | 53.15M | 48.43M | 47.03M | 40.51M | 204.72M | |||||||||||
| Net Cash Flow | 70.76M | -91.20M | 48.62M | -88.84M | 34.40M | 49.03M | -42.92M | -4.72M | -1.41M | -6.52M | 52.79M | 68.71M | 88.16M | -45.44M | 19.56M | -23.48M | -31.25M | -147.77M | 39.02M | 35.06M | ||
| Free Cash Flow | 15.29M | -146.20M | -80.21M | -60.26M | -22.46M | 32.56M | -110.91M | -7.08M | -18.55M | -20.66M | 52.15M | 71.15M | 94.16M | -19.92M | 32.29M | -19.30M | -8.60M | -92.42M | -25.97M | -27.77M | ||
| Supplemental | ||||||||||||||||||||||
| Interest Paid | 3.69M | 5.19M | 3.59M | 9.10M | 5.68M | 10.53M | 9.64M | 12.30M | 9.82M | 12.32M | 10.37M | 12.78M | 9.91M | 13.65M | 10.51M | 12.56M | 9.37M | 12.07M | 12.86M | 10.57M | ||
| Income Taxes PaidTaxes Paid | 0.02M | 0.63M | 374.00 | 2.76M | 0.01M | 300.00 | 0.00M | 0.65M | 0.09M | 0.05M | 0.03M | 0.53M | 0.17M | 0.00M | 0.28M | 0.10M | 0.00M | 0.01M |
Pull Saratoga Investment's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=SAR&statement=CF&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "SAR", "statement": "CF", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=SAR&statement=CF&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();