ARES CAPITAL CORP (ARCC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	2.4B	2.2B	2.4B	2.2B	1.2B
Cost of Revenue	758.0M	736.0M	659.0M	530.0M	455.0M
Gross Profit	1.7B	1.5B	1.7B	1.6B	741.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	54.0M	51.0M	43.0M	42.0M	38.0M
General & Admin Expense	54.0M	51.0M	43.0M	42.0M	38.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	29.0M	57.0M	70.0M	52.0M	48.0M
Total Operating Expenses	83.0M	108.0M	113.0M	94.0M	86.0M
Cost and Expenses	841.0M	844.0M	772.0M	624.0M	541.0M
Operating Income (EBIT)	1.6B	1.4B	1.6B	1.5B	655.0M
Non-Operating
Interest Income	1.1B	2.2B	2.2B	2.0B	1.5B
Interest Expense	829.0M	736.0M	659.0M	530.0M	455.0M
Net Interest Income	284.0M	1.4B	1.5B	1.4B	1.0B
Other Non-Op Income/Expense	(621.0M)	—	—	—	—
Non-Operating Income (excl Interest)	(168.0M)	—	—	—	—
EBT (Pre-Tax Income)	958.0M	1.4B	1.6B	1.5B	655.0M
Income Tax Expense	83.0M	99.0M	73.0M	20.0M	55.0M
Bottom Line
Net Income	875.0M	1.3B	1.5B	1.5B	600.0M
Earnings from Cont. Ops	875.0M	1.3B	1.5B	1.5B	600.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	875.0M	1.3B	1.5B	1.5B	617.0M
Per Share
Basic EPS	$1.22	$1.86	$2.44	$2.75	$1.21
Diluted EPS	$1.22	$1.86	$2.44	$2.68	$1.19
Revenue Per Share	$3.36	$3.21	$3.79	$3.91	$2.40
Shares
Basic Shares Outstanding	720.0M	699.0M	624.0M	554.0M	498.0M
Diluted Shares Outstanding	720.0M	699.0M	624.0M	575.0M	518.0M
Profitability Metrics
EBITDA	1.7B	1.4B	1.6B	1.5B	655.0M
D&A	—	—	—	—	—
EBIT	1.7B	1.4B	1.6B	1.5B	655.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026