Apollo Commercial Real Estate Finance, Inc. (ARI) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Apollo Commercial Real Estate Finance reported revenue of $271.6M, down 10.6% from $303.7M the year before. Net income was $126.7M (a 46.7% net margin), or $0.81 per diluted share. Operating activities generated $142.5M of cash. At fiscal year end, Apollo Commercial Real Estate Finance held $9.90B in total assets against $8.04B in total liabilities, including $139.8M of cash and equivalents.
Open the full interactive Apollo Commercial Real Estate Finance financials → Quarterly statements, key ratios, valuation history and price charts.
Apollo Commercial Real Estate Finance Key Stats
| Share Price | $6.43 |
|---|---|
| Market Cap | $846.2M |
| P/E Ratio | 7.9 |
| Revenue YoY Growth | -10.6% |
| 52-Week Range | $5.93 – $7.23 |
| Shares Outstanding | 131.0 million (basic, 2026 Q2) |
Apollo Commercial Real Estate Finance Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $284.5M | $303.6M | $344.6M | $303.7M | $271.6M |
| Pre-Tax Income | $18.4M | $223.5M | $265.2M | $58.6M | -$119.2M | $127.1M |
| Income Tax | — | — | — | $442,000 | $394,000 | $331,000 |
| Net Income | $18.4M | $223.5M | $265.2M | $58.1M | -$119.6M | $126.7M |
| Diluted EPS | $0.01 | $1.46 | $1.68 | $0.29 | -$0.97 | $0.81 |
Apollo Commercial Real Estate Finance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $61.6M | $73.3M | $58.6M | $44.4M |
| Net Income | $50.8M | $29.2M | $26.2M | $25.8M |
| Diluted EPS | $0.34 | $0.21 | $0.16 | $0.11 |
Apollo Commercial Real Estate Finance Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $325.5M | $343.1M | $222.0M | $225.4M | $317.4M | $139.8M |
| Total Assets | $6.94B | $8.42B | $9.57B | $9.30B | $8.41B | $9.90B |
| Total Long-Term Debt | $1.05B | $570.0M | $229.4M | — | $462.9M | $941.3M |
| Total Liabilities | $4.67B | $6.12B | $7.21B | $7.09B | $6.54B | $8.04B |
| Shareholders' Equity | $2.27B | $2.29B | $2.35B | $2.21B | $1.87B | $1.86B |
Apollo Commercial Real Estate Finance Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $164.1M | $199.4M | $267.7M | $273.9M | $200.3M | $142.5M |
| Cash From Investing | -$215.7M | -$1.36B | -$1.34B | $68.4M | $577.2M | -$1.39B |
| Cash From Financing | -$75.1M | $1.18B | $958.0M | -$343.4M | -$689.3M | $1.06B |
Figures from Apollo Commercial Real Estate Finance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Apollo Commercial Real Estate Finance financials page for every line item.
Apollo Commercial Real Estate Finance Company Profile
| Ticker | ARI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001467760 |
Frequently Asked Questions
What was Apollo Commercial Real Estate Finance's revenue in fiscal 2025?
Apollo Commercial Real Estate Finance (ARI) reported revenue of $271.6M for fiscal 2025.
What is Apollo Commercial Real Estate Finance's annual revenue history?
Apollo Commercial Real Estate Finance's annual revenue by fiscal year: 2020: $0; 2021: $284.5M; 2022: $303.6M; 2023: $344.6M; 2024: $303.7M; 2025: $271.6M.
What was Apollo Commercial Real Estate Finance's net income in fiscal 2025?
Apollo Commercial Real Estate Finance reported net income of $126.7M for fiscal 2025.
What was Apollo Commercial Real Estate Finance's earnings per share (EPS) in fiscal 2025?
Apollo Commercial Real Estate Finance's diluted EPS was $0.81 for fiscal 2025 (adjusted for any later stock splits).
What was Apollo Commercial Real Estate Finance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Apollo Commercial Real Estate Finance reported revenue of $44.4M.
How much debt does Apollo Commercial Real Estate Finance have?
Apollo Commercial Real Estate Finance reported $941.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Apollo Commercial Real Estate Finance are outstanding?
Apollo Commercial Real Estate Finance reported a weighted average of 131.0 million basic shares outstanding in 2026 Q2.
What is Apollo Commercial Real Estate Finance's market cap?
Based on its latest closing price, Apollo Commercial Real Estate Finance (ARI) has a market capitalization of about $846.2M.
When does Apollo Commercial Real Estate Finance's fiscal year end?
Apollo Commercial Real Estate Finance's fiscal year end, as registered with the SEC, is December 31.
Where is Apollo Commercial Real Estate Finance headquartered?
Apollo Commercial Real Estate Finance lists its business address in New York, New York in its SEC filings.