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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 352M | 98.5% |
| Gross Profit | 343M | 101.4% |
| Cost of Revenue | 9M | 28.6% |
| Operating expense | 108M | 11.3% |
| Net Income | 394M | 12.2% |
| EBITDA | 373M | 1165.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 27.1B | 11.7% |
| Total Liabilities | 14.3B | 15.7% |
| Total Equity | 12.8B | 7.6% |
| Shares Outstanding | 646M | 6.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -169M | 704.8% |
| Cash from financing | 464M | 1264.7% |
EPS
Financial Highlights for Ares Capital in Q3 '24
Ares Capital reported a revenue of 352M, which is a 98.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 343M, marking a 101.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9M, a 28.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 108M, showing a 11.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 394M, showing a -12.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 373M, showing a 1165.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Ares Capital faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
