ARCC on Nasdaq
ARES CAPITAL CORP
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| PIK interest income | $219.0M | $206.0M | $166.0M |
| PIK dividend income | $268.0M | $257.0M | $198.0M |
| Total investment income | $3.1B | $3.0B | $2.6B |
| Interest and credit facility fees | $793.0M | $715.0M | $582.0M |
| Base management fee | $425.0M | $374.0M | $323.0M |
| Income based fee | $348.0M | $364.0M | $328.0M |
| Capital gains incentive fee | -$23.0M | $18.0M | $53.0M |
| Administrative and other fees | $15.0M | $12.0M | $13.0M |
| Other general and administrative | $36.0M | $31.0M | $29.0M |
| Total expenses | $1.6B | $1.5B | $1.3B |
| NET INVESTMENT INCOME BEFORE INCOME TAXES | $1.5B | $1.5B | $1.3B |
| Income tax expense, including excise taxes | $43.0M | $40.0M | $28.0M |
| NET INVESTMENT INCOME | $1.4B | $1.4B | $1.3B |
| Foreign currency and other transactions | -$6.0M | $5.0M | -$24.0M |
| Net income tax expense on net realized gains | -$115.0M | -$33.0M | $8.0M |
| Net realized losses | -$20.0M | -$88.0M | -$171.0M |
| Foreign currency and other transactions | -$41.0M | $50.0M | $6.0M |
| Net change in deferred tax liabilities | $59.0M | -$5.0M | -$64.0M |
| Net unrealized gains (losses) | -$96.0M | $188.0M | $435.0M |
| Net realized and unrealized gains (losses) on investments, foreign currency and other transactions | -$116.0M | $100.0M | $264.0M |
| Realized loss on extinguishment of debt | $0 | -$14.0M | $0 |
| NET INCREASE IN STOCKHOLDERS EQUITY RESULTING FROM OPERATIONS | $1.3B | $1.5B | $1.5B |
| Basic (in usd per share) | $1.86 | $2.44 | $2.75 |
| Diluted (in usd per share) | $1.86 | $2.44 | $2.68 |
| Basic (in shares) | 699.0M shares | 624.0M shares | 554.0M shares |
| Diluted (in shares) | 699.0M shares | 624.0M shares | 575.0M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Fair Value | $29.5B | $26.7B | |
| Cash and cash equivalents | $638.0M | $635.0M | |
| Restricted cash | $286.0M | $225.0M | |
| Interest receivable | $288.0M | $292.0M | |
| Receivable for open trades | $317.0M | $224.0M | |
| Other assets | $221.0M | $158.0M | |
| Total assets | $31.2B | $28.3B | |
| Debt | $16.0B | $13.7B | |
| Base management fee payable | $111.0M | $100.0M | |
| Income based fee payable | $89.0M | $91.0M | |
| Capital gains incentive fee payable | $82.0M | $105.0M | |
| Interest and facility fees payable | $193.0M | $170.0M | |
| Payable to participants | $131.0M | $163.0M | |
| Interest rate swap collateral payable | $155.0M | $62.0M | |
| Payable for open trades | $5.0M | $236.0M | |
| Accounts payable and other liabilities | $132.0M | $121.0M | |
| Deferred tax liabilities | $28.0M | $92.0M | |
| Secured borrowings | $0 | $32.0M | |
| Total liabilities | $16.9B | $14.9B | |
| Common stock, par value $0.001 per share, 1,000 common shares authorized; 718 and 672 common shares issued and outstanding, respectively | $1.0M | $1.0M | |
| Capital in excess of par value | $13.4B | $12.5B | |
| Accumulated undistributed earnings | $958.0M | $852.0M | |
| Total stockholders equity | $14.3B | $13.4B | $11.2B |
| Total liabilities and stockholders equity | $31.2B | $28.3B | |
| NET ASSET VALUE PER SHARE (in dollars per share) | $19.94 | $19.89 | $19.24 |
| Amortized cost of investments | $29.2B | $26.4B | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 1.0B shares | 1.0B shares | |
| Common stock, shares issued (in shares) | 718.0M shares | 672.0M shares | |
| Common stock, shares outstanding (in shares) | 718.0M shares | 672.0M shares | 582.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase in stockholders' equity resulting from operations | $1.3B | $1.5B | $1.5B |
| Net realized losses on investments, foreign currency and other transactions | $20.0M | $88.0M | $171.0M |
| Net unrealized (gains) losses on investments, foreign currency and other transactions | $96.0M | -$188.0M | -$435.0M |
| Realized loss on extinguishment of debt | $0 | $14.0M | $0 |
| Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items | -$1.0M | $0 | $0 |
| Net accretion of discount on investments | -$17.0M | -$17.0M | -$18.0M |
| PIK interest | -$219.0M | -$206.0M | -$166.0M |
| Collections of PIK interest | $131.0M | $109.0M | $48.0M |
| PIK dividends | -$268.0M | -$257.0M | -$198.0M |
| Collections of PIK dividends | $149.0M | $33.0M | $11.0M |
| Amortization of debt issuance costs | $34.0M | $33.0M | $31.0M |
| Net amortization of discount/premium on notes payable | $0 | -$6.0M | -$5.0M |
| Proceeds from sales and repayments of investments and other transactions | $11.2B | $9.2B | $5.3B |
| Purchases of investments | -$14.1B | -$12.6B | -$5.8B |
| Interest receivable | -$2.0M | -$45.0M | -$60.0M |
| Other assets | -$35.0M | $5.0M | -$8.0M |
| Base management fee payable | $11.0M | $16.0M | $5.0M |
| Capital gains incentive fee payable | -$2.0M | $1.0M | $9.0M |
| Capital gains incentive fee payable | -$23.0M | $17.0M | $53.0M |
| Interest and facility fees payable | $23.0M | $38.0M | $27.0M |
| Payable to participants | -$32.0M | $134.0M | -$5.0M |
| Interest rate swap collateral payable | $93.0M | $62.0M | $31.0M |
| Accounts payable and other liabilities | -$115.0M | -$71.0M | -$13.0M |
| Net cash provided by (used in) operating activities | -$1.7B | -$2.1B | $511.0M |
| Borrowings on debt | $12.5B | $13.2B | $5.2B |
| Repayments and repurchases of debt | -$10.3B | -$11.0B | -$5.6B |
| Debt issuance costs | -$45.0M | -$59.0M | -$20.0M |
| Repayment of 2024 Convertible Notes | $0 | -$10.0M | $0 |
| Net proceeds from issuance of common stock | $928.0M | $1.4B | $1.2B |
| Dividends paid | -$1.3B | -$1.1B | -$1.0B |
| Secured borrowings, net | -$32.0M | -$2.0M | -$45.0M |
| Net cash provided by (used in) financing activities | $1.8B | $2.4B | -$284.0M |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $64.0M | $296.0M | $227.0M |
| Interest paid during the period | $750.0M | $676.0M | $524.0M |
| Taxes, including excise taxes, paid during the period | $163.0M | $66.0M | $36.0M |
Recent filings
- Oct 2, 202640-17G
- Sep 15, 20268-K
- Sep 10, 2026424B2
- Sep 8, 2026424B2
- Sep 8, 2026FWP
- Sep 8, 2026497AD
- Sep 8, 2026497AD
- Sep 8, 2026497AD
- Sep 8, 2026497AD
- Aug 21, 202640-33
- Aug 14, 20268-K
- Jul 29, 20268-K
- Jul 29, 202610-Q
- Jul 22, 20268-K
- Jun 22, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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