Company research
ARES CAPITAL CORP
CIK 1287750Updated Nov 2, 2026
SecurityARCC · NASDAQ · equity
ARCC price & chart
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NASDAQ:ARCC on TradingView ↗About the company
Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle-market companies in the United States. Ares Capital's objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which oftentimes can lead to economic growth and employment. Ares Capital believes its loans and other investments in these companies can help generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a BDC and was the largest publicly traded BDC by market capitalization as of September 30, 2026. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager. For more information about Ares Capital, visit www.arescapitalcorp.com.
In the news
ARES CAPITAL CORPORATION ANNOUNCES SEPTEMBER 30, 2026 FINANCIAL RESULTS AND DECLARES FOURTH QUARTER 2026 DIVIDEND OF $0.48 PER SHARE DIVIDEND DECLARATIONS ↗
ARES CAPITAL CORPORATION SCHEDULES EARNINGS RELEASE FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2026 ↗
Recent filings
425 filing
425 filing
10-Q filing
425 filing
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
40-17G filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other Events
Items 1.01, 2.03, 8.01, 9.01
424B2 filing
497AD filing
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 30,806,000,000Source | 27,100,000,000Source | 30,498,000,000Source | 29,071,000,000Source | 26,092,000,000Source | 30,679,000,000Source | 28,317,000,000Source | 24,256,000,000Source | 31,235,000,000Source | 28,254,000,000Source | 23,800,000,000Source | 22,398,000,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,036,000,000Source | 486,000,000Source | 383,000,000Source | 447,000,000Source | 601,000,000Source | 505,000,000Source | 647,000,000Source | 509,000,000Source | 638,000,000Source | 635,000,000Source | 535,000,000Source | 303,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 7,000,000Source | — | — | 8,000,000Source | — | — | 9,000,000Source | — | — | 10,000,000Source | 20,000,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 16,484,000,000Source | 14,327,000,000Source | 16,607,000,000Source | 15,037,000,000Source | 13,728,000,000Source | 16,614,000,000Source | 14,645,000,000Source | 12,384,000,000Source | 16,917,000,000Source | 14,899,000,000Source | 12,599,000,000Source | 12,843,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 851,000,000Source | 728,000,000Source | 531,000,000Source | 789,000,000Source | 642,000,000Source | 705,000,000Source | 765,000,000Source | 620,000,000Source | 958,000,000Source | 852,000,000Source | 462,000,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 14,322,000,000Source | 12,773,000,000Source | 13,891,000,000Source | 14,034,000,000Source | 12,364,000,000Source | 14,065,000,000Source | 13,672,000,000Source | 11,872,000,000Source | 14,318,000,000Source | 13,355,000,000Source | 11,201,000,000Source | 9,555,000,000Source |
| Additional Paid in Capital, Common StockUSD | 13,470,000,000Source | 12,044,000,000Source | 13,359,000,000Source | 13,244,000,000Source | 11,721,000,000Source | 13,359,000,000Source | 12,906,000,000Source | 11,251,000,000Source | 13,359,000,000Source | 12,502,000,000Source | 10,738,000,000Source | 9,556,000,000Source |
| Liabilities and EquityUSD | 30,806,000,000Source | 27,100,000,000Source | 30,498,000,000Source | 29,071,000,000Source | 26,092,000,000Source | 30,679,000,000Source | 28,317,000,000Source | 24,256,000,000Source | 31,235,000,000Source | 28,254,000,000Source | 23,800,000,000Source | 22,398,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 24,000,000Source | — | 71,000,000Source | 80,000,000Source | — | 60,000,000Source | — | — | 28,000,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | 71,000,000Source | — | — | 67,000,000Source | — | 115,000,000Source | 82,000,000Source | — | 92,000,000Source | 87,000,000Source | — |
| Dividends PayableUSD | 1,007,000,000Source | 899,000,000Source | 690,000,000Source | 665,000,000Source | 591,000,000Source | 345,000,000Source | 328,000,000Source | 291,000,000Source | 1,351,000,000Source | 1,219,000,000Source | 1,078,000,000Source | 941,000,000Source |
| Long-term DebtUSD | 15,605,000,000Source | 13,500,000,000Source | 15,773,000,000Source | 14,109,000,000Source | 12,960,000,000Source | 15,848,000,000Source | 13,922,000,000Source | 11,695,000,000Source | 15,991,000,000Source | 13,727,000,000Source | 11,884,000,000Source | 12,210,000,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 184,000,000Source | -299,000,000Source | -1,717,000,000Source | -2,128,000,000Source | 511,000,000Source | -1,359,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -453,000,000Source | 181,000,000Source | 1,781,000,000Source | 2,424,000,000Source | -284,000,000Source | 1,210,000,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | — | — | — | — | 5,558,000,000Source | 6,818,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -269,000,000Source | -118,000,000Source | 64,000,000Source | 296,000,000Source | 227,000,000Source | -149,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,254,000,000Source | 624,000,000Source | 624,000,000Source | 664,000,000Source | 655,000,000Source | 742,000,000Source | 924,000,000Source | 860,000,000Source | 564,000,000Source | 337,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 219,000,000Source | 176,000,000Source | 750,000,000Source | 676,000,000Source | 524,000,000Source | 402,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 39,000,000Source | 37,000,000Source | 163,000,000Source | 66,000,000Source | 36,000,000Source | 39,000,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 8,000,000Source | 9,000,000Source | 34,000,000Source | 33,000,000Source | 31,000,000Source | 30,000,000Source |
| Dividends PayableUSD | — | — | 1,007,000,000Source | 899,000,000Source | 690,000,000Source | 665,000,000Source | 345,000,000Source | 328,000,000Source | 1,351,000,000Source | 1,219,000,000Source | 1,078,000,000Source | 941,000,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -13,000,000Source | -5,000,000Source | 2,000,000Source | -39,000,000Source | -8,000,000Source | 31,000,000Source | -6,000,000Source | 5,000,000Source | -24,000,000Source | 57,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | 30,000,000Source | -17,000,000Source | 8,000,000Source | -10,000,000Source | 30,000,000Source | -44,000,000Source | -41,000,000Source | 50,000,000Source | 6,000,000Source | -12,000,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | — | — | — | — | — | — | — | — | -13,000,000Source | 62,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source | — | 0Source | — | 0Source | 0Source | -14,000,000Source | 0Source | -48,000,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | — | — | — | — | — | 52,000,000Source | 50,000,000Source | 219,000,000Source | 206,000,000Source | 166,000,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 404,000,000Source | 394,000,000Source | 171,000,000Source | 361,000,000Source | 92,000,000Source | 241,000,000Source | 1,299,000,000Source | 1,522,000,000Source | 1,522,000,000Source | 600,000,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 0Source | 384,000,000Source | 928,000,000Source | 1,364,000,000Source | 1,155,000,000Source | 1,001,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 3,874,000,000Source | 2,595,000,000Source | 12,534,000,000Source | 13,238,000,000Source | 5,215,000,000Source | 7,950,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 0Source | 1,000,000Source | 0Source | 1,000,000Source | 0Source | 1,000,000Source | 1,000,000Source | — | -5,000,000Source | -9,000,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | — | — | 404,000,000Source | 394,000,000Source | 171,000,000Source | 361,000,000Source | 92,000,000Source | 241,000,000Source | 1,299,000,000Source | 1,522,000,000Source | 1,522,000,000Source | 600,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.57Source | 0.62Source | 0.24Source | 0.52Source | 0.13Source | 0.36Source | 1.86Source | 2.44Source | 2.75Source | 1.21Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.57Source | 0.62Source | 0.24Source | 0.52Source | 0.13Source | 0.36Source | 1.86Source | 2.44Source | 2.68Source | 1.19Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 709,000,000Source | 635,000,000Source | 718,000,000Source | 695,000,000Source | 718,000,000Source | 676,000,000Source | 699,000,000Source | 624,000,000Source | 554,000,000Source | 498,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 709,000,000Source | 635,000,000Source | 718,000,000Source | 695,000,000Source | 718,000,000Source | 676,000,000Source | 699,000,000Source | 624,000,000Source | 575,000,000Source | 518,000,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.48Source | 0.48Source | 0.48Source | 0.48Source | 0.48Source | 0.48Source | 1.92Source | 1.92Source | 1.92Source | 1.87Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -13,000,000Source | -5,000,000Source | 2,000,000Source | -39,000,000Source | -8,000,000Source | 31,000,000Source | -6,000,000Source | 5,000,000Source | -24,000,000Source | 57,000,000Source |
| Interest ExpenseUSD | — | — | 209,000,000Source | 195,000,000Source | 214,000,000Source | 188,000,000Source | 213,000,000Source | 186,000,000Source | 793,000,000Source | 715,000,000Source | 582,000,000Source | 455,000,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | — | — | — | — | — | 52,000,000Source | 50,000,000Source | 219,000,000Source | 206,000,000Source | 166,000,000Source | — |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | — | — | 338,000,000Source | 361,000,000Source | 359,000,000Source | 342,000,000Source | 398,000,000Source | 365,000,000Source | 1,415,000,000Source | 1,403,000,000Source | 1,266,000,000Source | — |
| Management Fee ExpenseUSD | — | — | 108,000,000Source | 96,000,000Source | 110,000,000Source | 104,000,000Source | 111,000,000Source | 102,000,000Source | 425,000,000Source | 374,000,000Source | 323,000,000Source | 305,000,000Source |
| Net Investment IncomeUSD | — | — | 349,000,000Source | 373,000,000Source | 367,000,000Source | 350,000,000Source | 404,000,000Source | 372,000,000Source | 1,458,000,000Source | 1,476,000,000Source | 1,286,000,000Source | 1,147,000,000Source |
| Other General and Administrative ExpenseUSD | — | — | 11,000,000Source | 9,000,000Source | 10,000,000Source | 9,000,000Source | 8,000,000Source | 8,000,000Source | 36,000,000Source | 31,000,000Source | 29,000,000Source | 27,000,000Source |
Filing attachments
tm2628314d2_ex99-1.htm · 425 · 2026-10-27
Exhibit 99.1 Ares Capital Corporation Agrees to Acquire MidCap Financial Investment Corporation Transaction Expected to Be Accretive to Ares Capital’s Core Earnings and Support Future Dividends Enhances Scale, Diversification and Market Presence to Further Strengthen Ares Capital’s Position as the Largest Publicly Traded BDC and Ares Management’s Leading U.S. Direct Lending Platform Purchase Price Represents a 30.1% Premium to MFIC’s Last Closing Price and a 25.8% Premium to MFIC’s 30-Day VW…
Read attachment ↗tm2628314d1_ex99-1.htm · 8-K · 2026-10-27
Exhibit 99.1 Ares Capital Corporation Agrees to Acquire MidCap Financial Investment Corporation Transaction Expected to Be Accretive to Ares Capital’s Core Earnings and Support Future Dividends Enhances Scale, Diversification and Market Presence to Further Strengthen Ares Capital’s Position as the Largest Publicly Traded BDC and Ares Management’s Leading U.S. Direct Lending Platform Purchase Price Represents a 30.1% Premium to MFIC’s Last Closing Price and a 25.8% Premium to MFIC’s 30-Day VW…
Read attachment ↗tm2625396d1_ex4-2.htm · 8-K · 2026-09-15
EX-4.2 3 tm2625396d1_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 SEVENTH SUPPLEMENTAL INDENTURE between ARES CAPITAL CORPORATION and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Dated as of September 15, 2026 SEVENTH SUPPLEMENTAL INDENTURE THIS SEVENTH SUPPLEMENTAL INDENTURE (this “Seventh Supplemental Indenture”), dated as of September 15, 2026, is between Ares Capital Corporation, a Maryland corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trus…
Read attachment ↗tm2620889d1_ex4-1.htm · 8-K · 2026-07-22
EX-4.1 2 tm2620889d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 EXECUTION VERSION ARES DIRECT LENDING CLO 1 LLC, ISSUER AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, COLLATERAL TRUSTEE AMENDED AND RESTATED INDENTURE AND SECURITY AGREEMENT COLLATERALIZED LOAN OBLIGATIONS Dated as of July 17, 2026 Table of Contents Page ARTICLE I DEFINITIONS …
Read attachment ↗arcc-uscppressreleasexex991.htm · 8-K · 2026-06-08
EX-99.1 3 arcc-uscppressreleasexex991.htm EX-99.1 Document Exhibit 99.1 ARES CAPITAL CORPORATION ANNOUNCES INAUGURAL $1 BILLION COMMERCIAL PAPER PROGRAM New York, NY - June 8, 2026 - Ares Capital Corporation (“Ares Capital” or the “Company”) (NASDAQ: ARCC) announced today the establishment of its inaugural commercial paper program. The program allows the Company to issue up to a maximum aggregate amount outstanding at any time of $1 billion of short-term, unsecured commercial paper notes.…
Read attachment ↗tm2614090d1_ex4-2.htm · 8-K · 2026-05-11
EX-4.2 3 tm2614090d1_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 SIXTH SUPPLEMENTAL INDENTURE between ARES CAPITAL CORPORATION and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Dated as of May 11, 2026 SIXTH SUPPLEMENTAL INDENTURE THIS SIXTH SUPPLEMENTAL INDENTURE (this “Sixth Supplemental Indenture”), dated as of May 11, 2026, is between Ares Capital Corporation, a Maryland corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).…
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