Saratoga Investment Third Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags

Saratoga Investment (NYSE:SAR) Third Quarter 2025 Results

Key Financial Results

• Revenue: US$35.9m (down 1.3% from 3Q 2024).
• Net income: US$8.83m (up from US$4.06m loss in 3Q 2024).
• Profit margin: 25% (up from net loss in 3Q 2024).
• EPS: US$0.64 (up from US$0.31 loss in 3Q 2024).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saratoga Investment Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 31%.

Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the US are expected to grow by 7.1%.

Performance of the American Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Saratoga Investment (1 makes us a bit uncomfortable!) that you should be aware of.

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