Ares Capital Corporation (ARCC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	2.3B	2.2B	2.4B	2.2B	1.2B
Cost of Revenue	762.0M	736.0M	659.0M	530.0M	455.0M
Gross Profit	1.6B	1.5B	1.7B	1.6B	741.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	52.0M	51.0M	43.0M	42.0M	38.0M
General & Admin Expense	52.0M	51.0M	43.0M	42.0M	38.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	43.0M	57.0M	70.0M	52.0M	48.0M
Total Operating Expenses	95.0M	108.0M	113.0M	94.0M	86.0M
Cost and Expenses	857.0M	844.0M	772.0M	624.0M	541.0M
Operating Income (EBIT)	1.5B	1.4B	1.6B	1.5B	655.0M
Non-Operating
Interest Income	1.7B	2.2B	2.2B	2.0B	1.5B
Interest Expense	803.0M	736.0M	659.0M	530.0M	455.0M
Net Interest Income	871.0M	1.4B	1.5B	1.4B	1.0B
Other Non-Op Income/Expense	(391.0M)	—	—	—	—
Non-Operating Income (excl Interest)	(177.0M)	—	—	—	—
EBT (Pre-Tax Income)	1.1B	1.4B	1.6B	1.5B	655.0M
Income Tax Expense	104.0M	99.0M	73.0M	20.0M	55.0M
Bottom Line
Net Income	960.0M	1.3B	1.5B	1.5B	600.0M
Earnings from Cont. Ops	960.0M	1.3B	1.5B	1.5B	600.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	960.0M	1.3B	1.5B	1.5B	617.0M
Per Share
Basic EPS	$1.35	$1.86	$2.44	$2.75	$1.21
Diluted EPS	$1.35	$1.86	$2.44	$2.68	$1.19
Revenue Per Share	$3.22	$3.21	$3.79	$3.91	$2.40
Shares
Basic Shares Outstanding	718.0M	699.0M	624.0M	554.0M	498.0M
Diluted Shares Outstanding	718.0M	699.0M	624.0M	575.0M	518.0M
Profitability Metrics
EBITDA	1.6B	1.4B	1.6B	1.5B	655.0M
D&A	—	—	—	—	—
EBIT	1.6B	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 Jun 1, 2026