The Filings Report

Ares Capital Corporation

ARCCNasdaqCIK 1287750fiscal year ends December21 quarters since 2021

Revenue, Q3 FY2026
—
no year-earlier figure
Net income
$319M
−21.0% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.44
−22.8% on Q3 FY2025
Revenue, TTM
—
trailing four quarters
Net margin, TTM
—
net income $875M
Free cash flow, TTM
—
Cash and equivalents
$722M
long-term debt $15.1B, Sep 30, 2026
Shares, 12-month change
+0.9%
722M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$1.4B
9.7% of market value
Market value
$14.0B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 27, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Ares Capital Corporation reported no revenue line, and net income of $319M (−21.0%). Diluted earnings per share were $0.44.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 27, 2026.

Revenue and net incomeRevenueNet income
$0$200M$400M$600MQ4'22, Net income: $174MQ4'22Q1'23, Net income: $278MQ1'23Q2'23, Net income: $331MQ2'23Q3'23, Net income: $500MQ3'23Q4'23, Net income: $413MQ4'23Q1'24, Net income: $449MQ1'24Q2'24, Net income: $322MQ2'24Q3'24, Net income: $394MQ3'24Q4'24, Net income: $357MQ4'24Q1'25, Net income: $241MQ1'25Q2'25, Net income: $361MQ2'25Q3'25, Net income: $404MQ3'25Q4'25, Net income: $293MQ4'25Q1'26, Net income: $92MQ1'26Q2'26, Net income: $171MQ2'26Q3'26, Net income: $319MQ3'26$0$200M$400M$600MQ4'22, Net income: $174MQ1'23, Net income: $278MQ1'23Q2'23, Net income: $331MQ3'23, Net income: $500MQ3'23Q4'23, Net income: $413MQ1'24, Net income: $449MQ1'24Q2'24, Net income: $322MQ3'24, Net income: $394MQ3'24Q4'24, Net income: $357MQ1'25, Net income: $241MQ1'25Q2'25, Net income: $361MQ3'25, Net income: $404MQ3'25Q4'25, Net income: $293MQ1'26, Net income: $92MQ1'26Q2'26, Net income: $171MQ3'26, Net income: $319MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $303MQ4'22, Long-term debt: $12.2BQ4'22Q1'23, Cash and equivalents: $359MQ1'23, Long-term debt: $11.2BQ1'23Q2'23, Cash and equivalents: $411MQ2'23, Long-term debt: $11.4BQ2'23Q3'23, Cash and equivalents: $527MQ3'23, Long-term debt: $11.5BQ3'23Q4'23, Cash and equivalents: $535MQ4'23, Long-term debt: $11.9BQ4'23Q1'24, Cash and equivalents: $509MQ1'24, Long-term debt: $11.7BQ1'24Q2'24, Cash and equivalents: $601MQ2'24, Long-term debt: $13.0BQ2'24Q3'24, Cash and equivalents: $486MQ3'24, Long-term debt: $13.5BQ3'24Q4'24, Cash and equivalents: $635MQ4'24, Long-term debt: $13.7BQ4'24Q1'25, Cash and equivalents: $647MQ1'25, Long-term debt: $13.9BQ1'25Q2'25, Cash and equivalents: $447MQ2'25, Long-term debt: $14.1BQ2'25Q3'25, Cash and equivalents: $1.0BQ3'25, Long-term debt: $15.6BQ3'25Q4'25, Cash and equivalents: $638MQ4'25, Long-term debt: $16.0BQ4'25Q1'26, Cash and equivalents: $505MQ1'26, Long-term debt: $15.8BQ1'26Q2'26, Cash and equivalents: $383MQ2'26, Long-term debt: $15.8BQ2'26Q3'26, Cash and equivalents: $722MQ3'26, Long-term debt: $15.1BQ3'26$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $303MQ4'22, Long-term debt: $12.2BQ1'23, Cash and equivalents: $359MQ1'23, Long-term debt: $11.2BQ1'23Q2'23, Cash and equivalents: $411MQ2'23, Long-term debt: $11.4BQ3'23, Cash and equivalents: $527MQ3'23, Long-term debt: $11.5BQ3'23Q4'23, Cash and equivalents: $535MQ4'23, Long-term debt: $11.9BQ1'24, Cash and equivalents: $509MQ1'24, Long-term debt: $11.7BQ1'24Q2'24, Cash and equivalents: $601MQ2'24, Long-term debt: $13.0BQ3'24, Cash and equivalents: $486MQ3'24, Long-term debt: $13.5BQ3'24Q4'24, Cash and equivalents: $635MQ4'24, Long-term debt: $13.7BQ1'25, Cash and equivalents: $647MQ1'25, Long-term debt: $13.9BQ1'25Q2'25, Cash and equivalents: $447MQ2'25, Long-term debt: $14.1BQ3'25, Cash and equivalents: $1.0BQ3'25, Long-term debt: $15.6BQ3'25Q4'25, Cash and equivalents: $638MQ4'25, Long-term debt: $16.0BQ1'26, Cash and equivalents: $505MQ1'26, Long-term debt: $15.8BQ1'26Q2'26, Cash and equivalents: $383MQ2'26, Long-term debt: $15.8BQ3'26, Cash and equivalents: $722MQ3'26, Long-term debt: $15.1BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Ares Capital Corporation income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 4, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 5, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue—————————
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income—————————
Other income (expense)—————————
Pretax income—————————
Income tax—————————
Net income31917192293404361241357−21.0%
Diluted EPS ($)0.440.240.13—0.570.520.36—−22.8%
Diluted shares (millions)720718718—709695676——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Ares Capital Corporation balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 4, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 5, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents7223835056381,036447647635−30.3%
Short-term investments—————————
Total current assets—————————
Total assets30,59630,49830,67931,23530,80629,07128,31728,254−0.7%
Total current liabilities—————————
Long-term debt15,12415,77315,84815,99115,60514,10913,92213,727−3.1%
Total liabilities16,65016,60716,61416,91716,48415,03714,64514,899+1.0%
Stockholders’ equity13,94613,89114,06514,31814,32214,03413,67213,355−2.6%
Shares outstanding (millions)722718718718716705690671—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Ares Capital Corporation cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 28, 2026Q4 FY2025ended Dec 31, 2025filed Feb 4, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 5, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow1,052336184(427)(773)(218)(299)(268)+236.1%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization—————————
Share repurchases—————————
Dividends paid346345345319320317308303+8.1%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 4, 2026.

Income statement

Ares Capital Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 4, 2026FY2024ended Dec 31, 2024filed Feb 5, 2025FY2023ended Dec 31, 2023filed Feb 7, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Oct 25, 2022FY2020ended Dec 31, 2020filed Oct 25, 2022
Revenue——————
Cost of revenue——————
Gross profit——————
Research and development——————
Selling, general and administrative——————
Operating income——————
Other income (expense)——————
Pretax income——————
Income tax——————
Net income1,2991,5221,5226001,567484
Diluted EPS ($)1.862.442.681.193.511.14
Diluted shares (millions)699624575518446424

Balance sheet

Ares Capital Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 4, 2026FY2024ended Dec 31, 2024filed Feb 5, 2025FY2023ended Dec 31, 2023filed Feb 7, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Oct 25, 2022FY2020ended Dec 31, 2020filed Oct 25, 2022
Cash and equivalents638635535303372—
Short-term investments——————
Total current assets——————
Total assets31,23528,25423,80022,39820,843—
Total current liabilities——————
Long-term debt15,99113,72711,88412,21011,020—
Total liabilities16,91714,89912,59912,84311,975—
Stockholders’ equity14,31813,35511,2019,5558,8687,176
Shares outstanding (millions)718671582531——

Cash flow statement

Ares Capital Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 4, 2026FY2024ended Dec 31, 2024filed Feb 5, 2025FY2023ended Dec 31, 2023filed Feb 7, 2024FY2022ended Dec 31, 2022filed Feb 7, 2023FY2021ended Dec 31, 2021filed Oct 25, 2022FY2020ended Dec 31, 2020filed Oct 25, 2022
Operating cash flow(1,717)(2,128)511(1,359)(2,459)(580)
Capital expenditures——————
Free cash flow (CFO − capex)——————
Depreciation and amortization——————
Share repurchases———00100
Dividends paid1,2641,1391,031912694679

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$46K
1 purchases by 1 insider; officers and directors $46K
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$989K
6 purchases by 4 insiders; officers and directors $989K
Sold, twelve months
$0
0 sales by 0 insiders; officers and directors $0

The last 10 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 28, 2026Henson Mary BethDirectoropen-market buyindirect2,500$18.46$46K36,969Oct 29, 2026
Feb 9, 2026Markowicz JanaChief Operating Officeropen-market buy15,000$19.20$288K25,176Feb 10, 2026
Feb 6, 2026Lem Scott CCFO and Treasureropen-market buy5,186$19.29$100K39,463Feb 9, 2026
Feb 5, 2026Schnabel Michael KortChief Executive Officeropen-market buy12,500$19.13$239K40,500Feb 9, 2026
Feb 5, 2026Henson Mary BethDirectoropen-market buy4,000$19.14$77K31,913Feb 9, 2026
Feb 5, 2026Schnabel Michael KortChief Executive Officeropen-market buy12,500$19.13$239K40,500Feb 9, 2026
Oct 31, 2025Schnabel Michael KortChief Executive Officeropen-market buy13,000$20.39$265K28,000Nov 3, 2025
Mar 3, 2025Miller James RobertCo-Presidentopen-market buy40,000$23.32$933K40,000Mar 5, 2025
Feb 18, 2025Arougheti Michael JExecutive Vice President, Directorgift300,172$0.00—2MFeb 20, 2025
Feb 11, 2025Bates Ann TorreDirectoropen-market buy6,000$22.75$137K30,000Feb 13, 2025

Full insider history for Ares Capital Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
ARES CAPITAL CORPORATION, CIK 1287750 on EDGAR
Extract generated
November 4, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: not filed
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: not filed
Operating income: not filed
Other income (expense): not filed
Pretax income: not filed
Income tax: not filed
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/ARCC.json