SAR / Q2 FY2027

Saratoga Investment

Reports 2026-10-06 · After close

Published forecast

Oct 4, 2026, 10:27 PM PDT

Opus 5.5 High in Shortcut

Shortcut

0.47

Shortcut NII/share

-3.5% vs Street

Street

0.49

Street NII/share

Frozen October 4 snapshot

Real

0.46

Actual NII/share

Shortcut win

Q2 FY2027 adjusted NII was $0.46 per common share, matching the published model’s basis. This includes the refinancing-overlap interest adjustment. Unadjusted NII was $0.45 per share.

Issuer earnings release ↗

Absolute NII/share error: Shortcut 1.3¢ · Street 3.0¢. Scored using the saved published forecast.

Explore the model.

Open the assumptions and calculations behind this earnings forecast.

Open in Shortcut ↗Download XLSX ↓

Behind the estimate.

The model expects portfolio growth to be offset by higher borrowing costs and incentive fees. New debt adds expense before older notes are redeemed, leaving earnings per share below the Street despite slightly higher investment income.

The forecast uses adjusted NII per share and assumes a small addback for refinancing overlap, consistent with a prior quarter. Even with that addback, it projects $0.47 against the Street’s $0.49.

Forecast and independent review: Opus 5.5 High in Shortcut.

On the record.

Reporting period: Q2 FY2027, ended 2026-08-31
Reporting basis: Adjusted NII per diluted common share, USD
Published: Oct 4, 2026, 10:27 PM PDT
Model / effort: Opus 5.5 · High effort

Original forecasts, models and publication times remain on the record.