Saratoga Investment Corp. announced fiscal year and Q4 2026 financial results, reporting AUM of $1.109 billion (up 13.4% YoY), NAV of $396.2 million (up 0.9% YoY), and annual ROE of 9.1%.
Key takeaways
AUM increased 13.4% YoY to $1.109B, reflecting strong net deployments of $101.1M in Q4.
NAV rose 0.9% YoY to $396.2M or $24.42/share despite Q4 decline after special dividend.
Annual ROE of 9.1% exceeded prior year 7.5% and BDC industry average of 4.3%.
Q4 net deployments of $101.1M supported 5 new platforms and 15 follow-ons.
Non-accruals low at 0.2% of fair value; 82.1% portfolio in first lien debt.
Total FY2026 dividends $3.74/share, with Q1 FY2027 base dividend $0.75/share declared.