Ares Capital Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the U.S. Securities and Exchange Commission on October 27, 2026, reporting third-quarter net investment income of $328 million and a net asset value per share of $19.31.

Key Highlights

  • Total investments at fair value: $29,213 million as of September 30, 2026, compared to $29,485 million as of December 31, 2025, according to the filing.
  • Net asset value per share: $19.31 as of September 30, 2026, down from $19.94 as of December 31, 2025.
  • Net investment income (Q3 2026): $328 million, compared to $338 million for Q3 2025.
  • Net increase in stockholders' equity from operations (Q3 2026): $319 million, or $0.44 per share basic and diluted, versus $404 million, or $0.57 per share, in Q3 2025.
  • Total investment income (nine months ended September 30, 2026): $2,294 million, compared to $2,259 million for the same period in 2025.
  • Shares outstanding: 722,194,973 shares of common stock as of October 22, 2026.
  • Total debt: $15,124 million as of September 30, 2026, compared to $15,991 million as of December 31, 2025.

Ares Capital Third-Quarter 2026 Financial Results and Portfolio Overview

According to the filing, Ares Capital Corporation (NASDAQ:ARCC) reported total investment income of $763 million for the three months ended September 30, 2026, compared to $782 million in the prior-year quarter. Net investment income before income taxes was $334 million for Q3 2026, and after income tax expense of $6 million, net investment income was $328 million. Total expenses for the quarter were $429 million, including interest and credit facility fees of $221 million and a base management fee of $109 million.

The filing reported net realized and unrealized losses on investments, foreign currency, and other transactions of $7 million for Q3 2026, compared to net gains of $66 million in Q3 2025. For the nine months ended September 30, 2026, the company disclosed net unrealized losses of $552 million and net realized gains of $51 million, resulting in combined net realized and unrealized losses of $501 million for that period. The nine-month net increase in stockholders' equity resulting from operations was $582 million, or $0.81 per share, against $1,006 million, or $1.45 per share, for the nine months ended September 30, 2025.

On the balance sheet, total assets were $30,596 million as of September 30, 2026, compared to $31,235 million as of December 31, 2025. Total stockholders' equity was $13,946 million, with capital in excess of par value of $13,441 million and accumulated undistributed earnings of $504 million. The filing also noted derivative liabilities of $224 million as of September 30, 2026, up from $19 million at year-end 2025, and derivative assets of $18 million, down from $83 million at year-end 2025. The basic and diluted weighted average shares outstanding for Q3 2026 were 720 million.

What Was Disclosed

Ares Capital Corporation disclosed its unaudited consolidated financial results for the quarter and nine months ended September 30, 2026, including balance sheet data, investment income, expenses, net investment income, and per-share figures, in its quarterly Form 10-Q filing.