Vehicle file · Non-traded BDC

Varagon Capital Corp

What its SEC filings show.

SEC CIK 1784700·Inc. MD·Fiscal year end 12/31·Data as filed · pulled Sep 21, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Varagon Capital Corp is a non-traded BDC registered with the SEC under CIK 1784700 (incorporated in MD). Its most recent filing is an 8-K (current report) dated Aug 11, 2026. As of Jun 30, 2026 it reported total assets of $888.6M (up 3.0% from $863.1M a year earlier) and stockholders' equity of $372.8M. Net income (loss) for the nine months to Jun 30, 2026 was $8.4M. In the year to Dec 31, 2024 it raised $0 from new shares, paid $20.3M in distributions. Reported NAV per share: $8.98 as of Jun 30, 2026.

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$888.6M	as of Jun 30, 2026	$863.1M	+3.0%	10-Q · Aug 11, 2026
Investments at fair value	$836.6M	as of Jun 30, 2026	$807.4M	+3.6%	10-Q · Aug 11, 2026
Cash and equivalents	$39.9M	as of Jun 30, 2026	$42.9M	−7.0%	10-Q · Aug 11, 2026
Total liabilities	$515.8M	as of Jun 30, 2026	$481.5M	+7.1%	10-Q · Aug 11, 2026
Debt (carrying amount)	$496.9M	as of Jun 30, 2026	$461.5M	+7.7%	10-Q · Aug 11, 2026
Notes payable	$424.8M	as of Jun 30, 2026	$424.9M	−0.0%	10-Q · Aug 11, 2026
Stockholders' equity	$372.8M	as of Jun 30, 2026	$381.5M	−2.3%	10-Q · Aug 11, 2026
NAV per share	$8.98	as of Jun 30, 2026	$9.19	−2.3%	10-Q · Aug 11, 2026
Shares outstanding	41.5M shares	as of Jun 30, 2026	41.5M shares	+0.0%	10-Q · Aug 11, 2026
Shares outstanding (cover page)	41.5M shares	as of Aug 11, 2026	41.5M shares	+0.0%	10-Q · Aug 11, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	$8.4M	nine months to Jun 30, 2026	$9.7M	−13.4%	10-Q · Aug 11, 2026
Cash from operations	$21.2M	nine months to Jun 30, 2026	$10.2M	+109.1%	10-Q · Aug 11, 2026
Management fees	$3.2M	nine months to Jun 30, 2026	$3.1M	+3.0%	10-Q · Aug 11, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$0	year to Dec 31, 2024	$0	—	10-K · Mar 21, 2025
Distributions paid to common	$20.3M	nine months to Jun 30, 2026	$23.4M	−13.4%	10-Q · Aug 11, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded BDC whose repurchases are capped each quarter, that is the part that actually matters.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Aug 11, 20268-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
Aug 11, 202610-Q · Quarterly reportEDGAR ↗
Jun 10, 20268-K · Current reportItems 5.07EDGAR ↗
May 12, 20268-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
May 12, 202610-Q · Quarterly reportEDGAR ↗
Apr 24, 2026DEFA14A · Proxy materialEDGAR ↗
Apr 24, 2026DEF 14A · Proxy statementEDGAR ↗
Apr 16, 202640-17G · FORM 40-17GEDGAR ↗
Mar 18, 20268-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
Mar 18, 202610-K · Annual reportEDGAR ↗
Mar 4, 202640-17G · FORM 40-17GEDGAR ↗
Nov 7, 20258-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
Nov 7, 202510-Q · Quarterly reportEDGAR ↗
Aug 11, 20258-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
Aug 11, 202510-Q · Quarterly reportEDGAR ↗
Jul 18, 2025APP ORDR · FilingEDGAR ↗
Jul 18, 2025APP NTC · FilingEDGAR ↗
Jun 24, 20258-K · Current reportItems 8.01EDGAR ↗
Jun 13, 20258-K · Current reportItems 5.07EDGAR ↗
Jun 12, 20258-K · Current reportItems 5.02EDGAR ↗
May 29, 2025D/A · FilingItems 06cEDGAR ↗
May 14, 20258-K · Current reportItems 2.02,7.01,9.01EDGAR ↗
May 14, 202510-Q · Quarterly reportEDGAR ↗
May 5, 202540-APP/A · AMENDMENT NO. 1 TO FORM 40-APPEDGAR ↗
Apr 25, 2025DEFA14A · Proxy materialEDGAR ↗

Our reads on Varagon Capital Corp.

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1784700, retrieved Sep 21, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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Varagon Capital Corp

Key figures, as filed.

Filing timeline.

Our reads on Varagon Capital Corp.

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