---
schema_version: "secwatch.filing_event.v1"
accession: "0001287750-26-000004"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T04:50:00.169545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ares Capital Q4 2025 GAAP EPS $0.41, core EPS $0.50; declares Q1 dividend $0.48

## Summary
- GAAP net income $293M ($0.41/sh) in Q4 2025 vs $357M ($0.55/sh) in Q4 2024; core EPS $0.50 vs $0.55.
- FY25 GAAP EPS $1.86 vs $2.44 in FY24; net investment income $1,415M, down from $1,436M.
- Portfolio investments at fair value $29.5B, up from $26.7B; debt/equity ratio 1.12x vs 1.03x.
- Q1 2026 dividend $0.48/sh payable March 31, 2026 to holders of record March 13, 2026.
- In Jan 2026, issued $750M of 5.250% unsecured notes due 2031; stock repurchase program extended to Feb 2027.

## SEC filing metadata
- accession: 0001287750-26-000004
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2026-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000128775026000004/0001287750-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000128775026000004/arcc-20260204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287750-26-000004
- JSON: https://secwatch.observer/filing/0001287750-26-000004.json
- Plain text: https://secwatch.observer/filing/0001287750-26-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.