Apollo Commercial Real Estate Finance, Inc. (ARI) — Financial statements
Income statement, balance sheet, and cash flow for Apollo Commercial Real Estate Finance, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 710↑1.3% | 702↓9.7% | 777↑21.2% | 641↑52.3% | 421 | |
| Cost of Revenue | 142↑0.4% | 141↑10.9% | 127↑38.0% | 92↑45.5% | 63 | |
| Gross Profit | 569↑1.5% | 560↓13.8% | 650↑18.3% | 549↑53.5% | 358 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 48 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 14 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 62 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 43↓70.0% | 143↓21.7% | 182↑281.3% | -101↓77.6% | -57 | |
| Operating Expenses | 104↓26.8% | 143↓21.7% | 182↑281.3% | -101↓77.6% | -57 | |
| Total Costs & Expenses | 246↓13.3% | 284↓8.3% | 309↑3819.1% | -8↓222.9% | 7 | |
| Operating Results | ||||||
| Operating Income | 464↑11.2% | 418↓10.7% | 468↓28.0% | 650↑56.8% | 414 | |
| Depreciation & Amortization | 11↓4.2% | 12↑41.5% | 8↑1071.6% | 0.70↓73.4% | 3 | |
| EBITDA | 598↑50.9% | 396↓25.6% | 533↓0.7% | 536↑38.0% | 389 | |
| EBIT | 587↑52.6% | 385↓26.7% | 525↓2.1% | 536↑38.8% | 386 | |
| Interest & Other Income | ||||||
| Net Interest Income | 167↓16.2% | 199↓21.1% | 252↑4.4% | 242↓9.0% | 266 | |
| Interest Income | 627↓10.8% | 703↓2.1% | 718↑40.3% | 512↑19.6% | 428 | |
| Interest Expense | 460↓8.7% | 504↑8.1% | 466↑72.3% | 271↑66.5% | 163 | |
| Non-Operating Income | -123↓472.3% | 33↑157.7% | -57↓150.2% | 114↑300.8% | 28 | |
| Other Income / Expenses | -337↑37.2% | -537↓31.3% | -409↓6.4% | -384↓101.3% | -191 | |
| Income Before Tax | 127↑206.5% | -119↓303.6% | 59↓77.9% | 265↑18.7% | 224 | |
| Income Tax Expense | 0.33↓16.0% | 0.39↓10.9% | 0.44 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 127↑205.9% | -120↓305.8% | 58↓78.1% | 265↑18.7% | 224 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 127↑205.9% | -120↓305.8% | 58↓78.1% | 265↑18.7% | 224 | |
| Bottom-Line Net Income | 112↑191.1% | -123↓328.5% | 54↓79.4% | 261↑18.9% | 220 | |
| EPS (Basic) | 0.81↑183.5% | -0.97↓434.5% | 0.29↓83.6% | 1.77↑19.6% | 1.48 | |
| EPS (Diluted) | 0.81↑183.5% | -0.97↓434.5% | 0.29↓82.7% | 1.68↑15.1% | 1.46 | |
| Weighted Average Shares | 139↓0.6% | 140↓1.1% | 141↑0.5% | 141↑0.5% | 140 | |
| Weighted Average Diluted Shares | 139↓0.6% | 140↓1.1% | 141↓14.6% | 166↓1.7% | 168 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.