Ares Capital Corporation (ARCC) Financial Statements
Ares Capital financial statements at a glance
Ares Capital reported revenue of $1.45 billion for fiscal year 2025 (ended December 31, 2025), down 15.0% from fiscal year 2024. Net income was $1.30 billion, a net margin of 89.5%, and diluted earnings per share were $1.86.
At the end of fiscal year 2025 it had total assets of $31.24 billion, total liabilities of $16.92 billion and shareholders' equity of $14.32 billion, with cash of $638.00 million and total debt of $15.99 billion.
Its operations brought in -$1.72 billion of cash, leaving free cash flow of -$1.72 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Ares Capital Corporation
Income Statement
Annual • USD
Ares Capital key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.6B | $741.0M | $1.7B |
| Net income | $1.3B | $1.5B | $1.5B | $600.0M | $1.6B |
| Diluted EPS | $1.86 | – | $2.68 | $1.19 | $3.51 |
| Total assets | $31.2B | $28.3B | $23.8B | $22.4B | $20.8B |
| Total liabilities | $16.9B | $14.9B | $12.6B | $12.8B | $12.0B |
| Shareholders' equity | $14.3B | $13.4B | $11.2B | $9.6B | $8.9B |
| Cash | $638.0M | $635.0M | $535.0M | $303.0M | $372.0M |
| Total debt | $16.0B | $13.8B | $11.9B | $12.3B | $11.1B |
| Operating cash flow | -$1.7B | -$2.1B | $511.0M | -$1.4B | -$2.5B |
| Free cash flow | -$1.7B | -$2.1B | $511.0M | -$1.4B | -$2.5B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.
Questions and answers
What was Ares Capital's revenue in fiscal year 2025?
$1.45 billion, down 15.0% from $1.71 billion in fiscal year 2024.
How much profit does Ares Capital make?
Ares Capital reported net income of $1.30 billion for fiscal year 2025 (89.5% of revenue).
How much cash and debt does Ares Capital have?
At the end of fiscal year 2025: cash of $638.00 million and total debt of $15.99 billion.
What is Ares Capital's free cash flow?
-$1.72 billion in fiscal year 2025 (operating cash flow of -$1.72 billion).
