ARES CAPITAL CORP Financial Summary

Complete Filing Data

ARES CAPITAL CORP reported Stockholders Equity of $14.32 billion for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean ARES CAPITAL CORP did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Other General And Administrative Expense$36.0M$31.0M$29.0M$27.0M$24.0M$25.0M
Net Income Loss$1.30B$1.52B$1.52B$600.0M$1.57B$484.0M
Interest Expense$793.0M$715.0M$582.0M$455.0M$372.0M$317.0M
Income Taxes Paid Net$163.0M$66.0M$36.0M$39.0M$26.0M$16.0M
Tax Basis Of Investments Cost For Income Tax Purposes$29.20B$26.50B$22.50B$22.00B$19.90B

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021
Other General And Administrative Expense$11.0M$9.0M$8.0M$9.0M$8.0M$7.0M$8.0M$8.0M$7.0M$8.0M$6.0M$6.0M$7.0M
Net Income Loss$404.0M$361.0M$241.0M$394.0M$322.0M$449.0M$500.0M$331.0M$278.0M$104.0M$111.0M$211.0M$334.0M
Interest Expense$209.0M$188.0M$186.0M$195.0M$174.0M$159.0M$145.0M$141.0M$139.0M$120.0M$101.0M$93.0M$94.0M
Income Taxes Paid Net$37.0M$25.0M$28.0M$25.0M
Tax Basis Of Investments Cost For Income Tax Purposes$28.40B$27.50B$26.70B$26.00B$24.50B$23.20B$21.80B$21.70B$21.50B$21.30B

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013
Stockholders Equity$14.32B$13.36B$11.20B$9.56B$8.87B$7.18B$7.47B$7.30B$7.10B$5.17B$5.17B$5.28B$4.90B
Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax Including Gain Loss On Debt Extinguishment-$20.0M-$102.0M-$171.0M$33.0M$240.0M-$166.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$924.0M$860.0M$564.0M$337.0M$486.0M$326.0M$176.0M
Gains Losses On Extinguishment Of Debt$0.00-$14.0M$0.00-$48.0M-$43.0M$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$64.0M$296.0M$227.0M-$149.0M$160.0M$150.0M
Amortization Of Debt Discount Premium$0.00-$6.0M-$5.0M-$4.0M$2.0M$8.0M
Accretion Amortization Of Discounts And Premiums Investments$17.0M$17.0M$18.0M$13.0M$16.0M$8.0M
Dividends Payable Current And Noncurrent$1.35B$1.22B$1.08B$941.0M$732.0M$679.0M
Tax Basis Of Investments Unrealized Appreciation Depreciation Net$300.0M-$200.0M-$400.0M-$200.0M$100.0M
Tax Basis Of Investments Gross Unrealized Depreciation$1.00B$1.50B$1.70B$1.20B$700.0M
Tax Basis Of Investments Gross Unrealized Appreciation$1.30B$1.70B$1.30B$1.00B$800.0M
Restricted Cash$286.0M$225.0M$29.0M$34.0M$114.0M
Receivable Investment Sale$317.0M$224.0M$16.0M$4.0M$80.0M
Payable To Participants$131.0M$163.0M$29.0M$34.0M$114.0M
Payable Investment Purchase$5.0M$236.0M$7.0M$22.0M$216.0M
Other Assets$221.0M$158.0M$101.0M$81.0M$99.0M
Management Fee Payable$111.0M$100.0M$84.0M$79.0M$69.0M
Long Term Debt$15.99B$13.73B$11.88B$12.21B$11.02B
Liabilities And Stockholders Equity$31.24B$28.25B$23.80B$22.40B$20.84B
Liabilities$16.92B$14.90B$12.60B$12.84B$11.98B
Investment Owned Percent Of Total Assets$0.94$0.95$0.96$0.97$0.96
Investment Owned Percent Of Net Assets$2.06$2.00$2.04$2.28$2.26
Interest Receivable$288.0M$292.0M$245.0M$176.0M$142.0M
Interest And Facility Fees Payable$193.0M$170.0M$132.0M$105.0M$100.0M
Common Stock Value$1.0M$1.0M$1.0M$1.0M$0.00
Cash And Cash Equivalents At Carrying Value$638.0M$635.0M$535.0M$303.0M$372.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Stockholders Equity$14.32B$14.03B$13.67B$12.77B$12.36B$11.87B$10.82B$10.35B$10.05B$9.44B$9.34B$9.38B$8.54B$8.08B$7.63B
Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax Including Gain Loss On Debt Extinguishment$162.0M$34.0M-$61.0M-$29.0M-$24.0M-$16.0M-$33.0M$28.0M-$76.0M-$81.0M-$50.0M$26.0M-$3.0M$10.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$1.25B$664.0M$742.0M$624.0M$681.0M$577.0M$605.0M$453.0M$377.0M$362.0M$261.0M$714.0M$1.21B
Gains Losses On Extinguishment Of Debt$0.00$0.00$0.00$0.00$0.00-$14.0M$0.00$0.00$0.00$0.00$0.00-$48.0M$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$118.0M$13.0M$40.0M$228.0M
Amortization Of Debt Discount Premium-$1.0M-$2.0M-$1.0M-$1.0M
Accretion Amortization Of Discounts And Premiums Investments$4.0M$4.0M$5.0M$3.0M
Dividends Payable Current And Noncurrent$1.01B$665.0M$328.0M$899.0M$591.0M$291.0M$798.0M$527.0M$261.0M$677.0M$443.0M$220.0M
Tax Basis Of Investments Unrealized Appreciation Depreciation Net$300.0M-$300.0M-$400.0M-$200.0M-$20.0M-$100.0M$200.0M-$200.0M-$300.0M-$500.0M
Tax Basis Of Investments Gross Unrealized Depreciation$1.00B$1.80B$1.70B$1.40B$1.40B$1.60B$1.30B$1.40B$1.40B$1.30B
Tax Basis Of Investments Gross Unrealized Appreciation$1.30B$1.50B$1.30B$1.60B$1.40B$1.50B$1.50B$1.20B$1.10B$800.0M
Restricted Cash$218.0M$217.0M$95.0M$138.0M$80.0M$68.0M$78.0M$42.0M$18.0M$105.0M
Receivable Investment Sale$375.0M$33.0M$33.0M$113.0M$46.0M$213.0M$44.0M$5.0M$7.0M$21.0M
Payable To Participants$112.0M$74.0M$27.0M$38.0M$37.0M$68.0M$77.0M$42.0M$18.0M$105.0M
Payable Investment Purchase$1.0M$6.0M$10.0M$45.0M$10.0M$14.0M$1.0M$6.0M$7.0M$141.0M
Other Assets$228.0M$215.0M$173.0M$169.0M$99.0M$82.0M$114.0M$81.0M$75.0M$135.0M
Management Fee Payable$108.0M$104.0M$102.0M$96.0M$91.0M$87.0M$81.0M$79.0M$79.0M$78.0M
Long Term Debt$15.61B$14.11B$13.92B$13.50B$12.96B$11.70B$11.52B$11.37B$11.16B$11.82B
Liabilities And Stockholders Equity$30.81B$29.07B$28.32B$27.10B$26.09B$24.26B$22.92B$22.23B$21.81B$22.04B
Liabilities$16.48B$15.04B$14.65B$14.33B$13.73B$12.38B$12.11B$11.88B$11.76B$12.60B
Investment Owned Percent Of Total Assets$0.93$0.96$0.96$0.96$0.96$0.95$0.96$0.97$0.97$0.97
Investment Owned Percent Of Net Assets$2.00$1.99$1.98$2.03$2.02$1.95$2.03$2.08$2.10$2.26
Interest Receivable$256.0M$273.0M$239.0M$269.0M$285.0M$251.0M$215.0M$181.0M$187.0M$160.0M
Interest And Facility Fees Payable$129.0M$193.0M$130.0M$119.0M$153.0M$107.0M$85.0M$87.0M$84.0M$76.0M
Common Stock Value$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0.00
Cash And Cash Equivalents At Carrying Value$1.04B$447.0M$647.0M$486.0M$601.0M$509.0M$527.0M$411.0M$359.0M$257.0M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Proceeds From Issuance Of Long Term Debt$12.53B$13.24B$5.22B$7.95B$19.34B$8.26B
Proceeds From Issuance Of Common Stock$928.0M$1.36B$1.16B$1.00B$819.0M$4.0M
Proceeds From Disposition Of Investment Operating Activity$11.22B$9.21B$5.32B$7.75B$10.25B$5.47B
Payments Of Dividends$1.26B$1.14B$1.03B$912.0M$694.0M$679.0M
Payments Of Debt Issuance Costs$45.0M$59.0M$20.0M$16.0M$64.0M$37.0M
Payments For Purchase Of Investment Operating Activity$14.08B$12.62B$5.80B$9.85B$13.64B$6.76B
Net Cash Provided By Used In Operating Activities-$1.72B-$2.13B$511.0M-$1.36B-$2.46B-$580.0M
Net Cash Provided By Used In Financing Activities$1.78B$2.42B-$284.0M$1.21B$2.62B$730.0M
Increase Decrease In Payables To Participants-$32.0M$134.0M-$5.0M-$80.0M$42.0M$63.0M
Increase Decrease In Other Operating Assets$35.0M-$5.0M$8.0M-$65.0M-$10.0M$21.0M
Increase Decrease In Management Fee Payable$11.0M$16.0M$5.0M$10.0M$13.0M$1.0M
Increase Decrease In Interest And Facility Fees Payable$23.0M$38.0M$27.0M$5.0M$17.0M$29.0M
Increase Decrease In Accrued Interest Receivable Net$2.0M$45.0M$60.0M$34.0M$24.0M-$12.0M
Increase Decrease In Accounts Payable And Other Operating Liabilities-$115.0M-$71.0M-$13.0M-$1.0M$27.0M-$20.0M
Increase Decrease In Securities Loaned Transactions-$32.0M-$2.0M-$45.0M$5.0M$51.0M$23.0M
Increase Decrease In Income Based Fees Payable$1.0M$9.0M$14.0M-$72.0M$92.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022
Proceeds From Issuance Of Long Term Debt$2.60B$2.42B$1.01B$1.75B
Proceeds From Issuance Of Common Stock$384.0M$85.0M$477.0M$510.0M
Proceeds From Disposition Of Investment Operating Activity$2.53B$2.71B$1.76B$2.58B
Payments Of Dividends$308.0M$270.0M$261.0M$208.0M
Payments Of Debt Issuance Costs$11.0M$15.0M$0.00$14.0M
Payments For Purchase Of Investment Operating Activity$3.02B$2.95B$1.12B$2.08B
Net Cash Provided By Used In Operating Activities-$299.0M-$21.0M$872.0M$481.0M
Net Cash Provided By Used In Financing Activities$181.0M$34.0M-$832.0M-$253.0M
Increase Decrease In Payables To Participants-$136.0M$39.0M-$16.0M-$95.0M
Increase Decrease In Other Operating Assets-$22.0M-$5.0M$4.0M-$6.0M
Increase Decrease In Management Fee Payable$2.0M$3.0M$0.00$4.0M
Increase Decrease In Interest And Facility Fees Payable-$40.0M-$25.0M-$21.0M-$32.0M
Increase Decrease In Accrued Interest Receivable Net-$66.0M-$10.0M$1.0M-$18.0M
Increase Decrease In Accounts Payable And Other Operating Liabilities-$12.0M-$59.0M-$46.0M-$41.0M
Increase Decrease In Securities Loaned Transactions-$32.0M$0.00$1.0M$0.00
Increase Decrease In Income Based Fees Payable-$6.0M-$2.0M$76.0M-$16.0M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012
Net Asset Value Per Share$19.94$19.89$19.24$18.40$18.96$16.97$17.32$17.12$16.65$16.45$16.46$16.82$16.46$16.04
Common Stock Shares Outstanding718.0M672.0M582.0M519.0M468.0M423.0M431.0M426.0M426.0M314.0M314.0M314.0M298.0M
Common Stock Dividends Per Share Declared$1.92$1.92$1.92$1.87$1.62
Weighted Average Number Of Shares Outstanding Basic699.0M624.0M554.0M498.0M446.0M424.0M
Weighted Average Number Of Diluted Shares Outstanding699.0M624.0M575.0M518.0M446.0M424.0M
Earnings Per Share Diluted$1.86$2.44$2.68$1.19$3.51$1.14
Earnings Per Share Basic$1.86$2.44$2.75$1.21$3.51$1.14

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021
Net Asset Value Per Share$20.01$19.90$19.82$19.77$19.61$19.53$18.99$18.58$18.45$18.56$18.81$19.03$18.52
Common Stock Shares Outstanding716.0M706.0M690.0M646.0M630.0M608.0M569.0M557.0M545.0M508.0M496.0M493.0M
Common Stock Dividends Per Share Declared$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.51$0.46$0.45$0.45
Weighted Average Number Of Shares Outstanding Basic709.0M695.0M676.0M635.0M616.0M591.0M562.0M547.0M534.0M503.0M494.0M479.0M453.0M
Weighted Average Number Of Diluted Shares Outstanding709.0M695.0M676.0M635.0M616.0M591.0M582.0M567.0M555.0M523.0M514.0M500.0M453.0M
Earnings Per Share Diluted$0.57$0.52$0.36$0.62$0.52$0.76$0.87$0.59$0.51$0.21$0.22$0.43$0.73
Earnings Per Share Basic$0.57$0.52$0.36$0.62$0.52$0.76$0.89$0.61$0.52$0.21$0.22$0.44$0.73

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Investment Income Operating After Expense And Tax$1.42B$1.44B$1.26B$1.09B$741.0M$794.0M
Stock Issued During Period Value New Issues$928.0M$1.36B$1.16B$1.00B$819.0M$4.0M
Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax-$96.0M$188.0M$435.0M-$525.0M$586.0M
Stock Issued During Period Value Dividend Reinvestment Plan$87.0M$80.0M$47.0M$29.0M$38.0M
Investment Company Dividend Distribution$1.35B$1.22B$1.08B$941.0M$732.0M$679.0M
Net Investment Income$1.46B$1.48B$1.29B$1.15B$770.0M$813.0M
Management Fee Expense$425.0M$374.0M$323.0M$305.0M$253.0M$217.0M
Investment Income Operating Tax Expense Benefit$43.0M$40.0M$28.0M$55.0M$29.0M$19.0M
Investment Income Investment Expense$1.59B$1.51B$1.33B$949.0M$1.05B$698.0M
Income Based Fees$348.0M$364.0M$328.0M$252.0M$225.0M$184.0M
Gross Investment Income Operating$3.05B$2.99B$2.61B$2.10B$1.82B$1.51B
Foreign Currency Transaction Gain Loss Unrealized-$41.0M$50.0M$6.0M-$12.0M-$16.0M$0.00
Foreign Currency Transaction Gain Loss Realized-$6.0M$5.0M-$24.0M$57.0M$25.0M-$18.0M
Administrative Fees Expense$15.0M$12.0M$13.0M$11.0M$15.0M$13.0M
Incentive Fee Expense Reversal-$23.0M$18.0M$53.0M-$101.0M$161.0M-$58.0M
Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax-$20.0M-$88.0M-$171.0M$81.0M$283.0M
Realized And Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax-$116.0M$100.0M$264.0M-$444.0M$869.0M
Stock Issued During Period Shares Dividend Reinvestment Plan4.2M3.8M2.5M1.5M1.9M0.00
Interest Paid Net$750.0M$676.0M$524.0M$402.0M$310.0M$243.0M
Interest Income Operating Paid In Kind$219.0M$206.0M$166.0M$138.0M$164.0M$150.0M
Dividend Income Operating Paid In Kind$268.0M$257.0M$198.0M$175.0M$91.0M$67.0M
Amortization Of Financing Costs$34.0M$33.0M$31.0M$30.0M$29.0M$23.0M
Paid In Kind Interest$131.0M$109.0M$48.0M$30.0M$104.0M$55.0M
Investment Owned At Fair Value$29.48B$26.72B$22.87B$21.78B$20.01B
Investment Owned At Cost$29.25B$26.37B$22.67B$22.04B$19.81B
Dividends Paidinkind$149.0M$33.0M$11.0M$71.0M$122.0M$1.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021
Investment Income Operating After Expense And Tax$338.0M$342.0M$365.0M$363.0M$361.0M$386.0M$326.0M$345.0M$289.0M$314.0M$318.0M$349.0M$288.0M$257.0M$198.0M$242.0M$184.0M$171.0M$144.0M
Stock Issued During Period Value New Issues$204.0M$318.0M$384.0M$528.0M$302.0M$449.0M$85.0M$236.0M$215.0M$227.0M$477.0M$192.0M$231.0M$68.0M$510.0M$131.0M$304.0M$135.0M$249.0M
Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax-$96.0M-$15.0M-$63.0M$23.0M$57.0M-$48.0M$156.0M$40.0M$287.0M$98.0M$10.0M-$201.0M-$184.0M-$143.0M$3.0M
Stock Issued During Period Value Dividend Reinvestment Plan$22.0M$20.0M$20.0M$17.0M$21.0M$21.0M$21.0M$17.0M$17.0M$13.0M$17.0M$12.0M$9.0M$10.0M$10.0M$9.0M
Investment Company Dividend Distribution$308.0M$300.0M$291.0M$280.0M$271.0M$266.0M$261.0M$264.0M$234.0M$223.0M$220.0M$191.0M$189.0M$177.0M$175.0M
Net Investment Income$349.0M$350.0M$372.0M$373.0M$399.0M$332.0M$292.0M$320.0M$320.0M$302.0M$267.0M$211.0M$189.0M
Management Fee Expense$108.0M$104.0M$102.0M$96.0M$91.0M$87.0M$81.0M$79.0M$79.0M$78.0M$75.0M$73.0M$65.0M
Investment Income Operating Tax Expense Benefit$11.0M$8.0M$7.0M$12.0M$13.0M$7.0M$3.0M$6.0M$2.0M$14.0M$10.0M$13.0M$5.0M
Investment Income Investment Expense$433.0M$395.0M$360.0M$402.0M$356.0M$369.0M$363.0M$314.0M$298.0M$235.0M$212.0M$229.0M$253.0M
Income Based Fees$88.0M$86.0M$85.0M$92.0M$93.0M$88.0M$83.0M$79.0M$76.0M$63.0M$57.0M$51.0M$53.0M
Gross Investment Income Operating$782.0M$745.0M$732.0M$775.0M$755.0M$701.0M$655.0M$634.0M$618.0M$537.0M$479.0M$440.0M$442.0M
Foreign Currency Transaction Gain Loss Unrealized$30.0M-$10.0M-$44.0M-$17.0M-$10.0M$30.0M$27.0M$1.0M$25.0M$29.0M$8.0M$13.0M-$11.0M
Foreign Currency Transaction Gain Loss Realized-$13.0M-$39.0M$31.0M-$5.0M$14.0M-$14.0M-$4.0M-$13.0M-$30.0M$22.0M$21.0M-$11.0M$26.0M
Administrative Fees Expense$4.0M$4.0M$4.0M$3.0M$3.0M$3.0M$4.0M$3.0M$3.0M$3.0M$2.0M$4.0M$4.0M
Incentive Fee Expense Reversal$13.0M-$25.0M$7.0M-$13.0M$25.0M$42.0M$4.0M-$6.0M-$37.0M-$29.0M$2.0M$30.0M
Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax$162.0M$34.0M-$61.0M-$24.0M-$16.0M-$18.0M-$76.0M-$81.0M-$50.0M$0.00-$3.0M$58.0M
Realized And Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating After Tax$66.0M$19.0M-$124.0M$33.0M-$64.0M$138.0M$211.0M$17.0M-$40.0M-$184.0M-$146.0M$61.0M
Stock Issued During Period Shares Dividend Reinvestment Plan900.0K1.0M0.00600.0K
Interest Paid Net$176.0M$176.0M$145.0M$110.0M
Interest Income Operating Paid In Kind$50.0M$48.0M$41.0M$30.0M
Dividend Income Operating Paid In Kind$67.0M$56.0M$51.0M$41.0M
Amortization Of Financing Costs$9.0M$8.0M$7.0M$7.0M
Paid In Kind Interest$38.0M$3.0M$26.0M$27.0M
Investment Owned At Fair Value$28.69B$27.89B$27.13B$25.92B$24.97B$23.12B$21.93B$21.50B$21.15B$21.34B
Investment Owned At Cost$28.57B$27.58B$26.78B$25.57B$24.71B$22.80B$21.86B$21.69B$21.43B$21.47B
Dividends Paidinkind$22.0M$0.00$0.00$3.0M

Most recent annual filing with the SEC: February 4, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.