Ares Capital is a business development company that provides financing to U.S. middle-market companies. It originates and holds loans and related investments—often senior and unitranche debt—as part of the broader Ares Management credit platform. Borrowers are typically private companies seeking capital for growth, acquisitions, or recapitalizations outside the public bond market.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 296 | — | 241 | -32.7% |
| Q2 2025 | 407 | — | 361 | -3.7% |
| Q3 2025 | 460 | — | 404 | 10.5% |
| Q4 2025 | 344 | — | 293 | -17.5% |
| Q1 2026 | 151 | -49% | 92 | -61.8% |
| Q2 2026 | 219 | -46.2% | 171 | -52.6% |
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