What changed in Ares Capital Corp's latest annual report
In the year ended 31 Dec 2025, Ares Capital Corp's net income fell 14.7% to USD 1.30bn, from USD 1.52bn; long-term debt rose 16.5% to USD 15.99bn, from USD 13.73bn; total liabilities rose 13.5% to USD 16.92bn, from USD 14.90bn.
Year ended 31 Dec 2025. Source: 10-K filed 4 Feb 2026, read it on SEC EDGAR.
USD 13.73bn to USD 15.99bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Net income | 1.52bn | 1.30bn | Down 14.7% |
| Total assets | 28.25bn | 31.23bn | Up 10.6% |
| Total liabilities | 14.90bn | 16.92bn | Up 13.5% |
| Long-term debt | 13.73bn | 15.99bn | Up 16.5% |
| Cash and cash equivalents | 635.00m | 638.00m | Up 0.5% |
| Shareholders' equity | 13.36bn | 14.32bn | Up 7.2% |
Questions people ask
Is Ares Capital Corp profitable?
Yes. Net income was USD 1.30bn in the year ended 31 Dec 2025. The year before: USD 1.52bn.
How much cash and debt does Ares Capital Corp have?
At its latest year end (31 Dec 2025), Ares Capital Corp reported cash and cash equivalents of USD 638.00m and long-term debt of USD 15.99bn.
Where do these numbers come from?
From Ares Capital Corp's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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