ARI - NYSE

Apollo Commercial Real Estate Finance, Inc.

ARI·NYSE

$10.96

-0.32%

Real EstateREIT - Mortgage

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was founded in 2009 and is based in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.44B

EPS0.8100

P/E Ratio13.54

Earnings Date08/04/2026

710.49M

Revenue

3Y+11.0%

5Y+525.0%

10Y+292.0%

126.72M

Net Income

-206%

3Y-52.0%

5Y+590.0%

10Y-20.0%

142.52M

Operating Cash Flow

-29%

3Y-47.0%

5Y-13.0%

10Y+20.0%

Apollo Commercial Real Estate Finance, Inc. Profit Bridge

ARI · NYSE

Revenue & Cost of Sales

Revenue710.49M

Cost of Goods Sold (141.72M)

Gross Profit568.76M

Operating Expenses

Operating Expenses (104.39M)

Operating Income464.37M

Other Income & Taxes

Interest Expense (460.09M)

Other Income/Expense-337.32M

Pretax Income127.05M

Income Tax (331.00K)

Net Income126.72M

Net Income

126.72M

Profitability Analysis

Gross Margin

80.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

65.4%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

17.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

0.3%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Apollo Commercial Real Estate Finance, Inc. Income Statement

ARI • NYSE

Apollo Commercial Real Estate Finance, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
REVENUE
Revenue	710.5M	701.5M	777M	641.3M	421.2M	113.7M	315M	299.5M	255.2M	181.3M	125.9M	101M	70.1M	54.9M	36.3M	19.9M	556K
GROSS PROFIT
Cost of Revenue	(141.7M)	(141.1M)	(127.2M)	(92.2M)	(63.4M)	(0.0)	(40.7M)	(36.4M)	(31.7M)	(23.4M)	(16.6M)	(0.0)	(0.0)	(0.0)	(1K)	(0.0)	(0.0)
Gross Profit	568.8M	560.4M	649.8M	549.1M	357.9M	113.7M	274.3M	263M	223.6M	157.9M	109.3M	101M	70.1M	54.9M	36.3M	19.9M	556K
OPERATING INCOME
Operating Expenses	(104.4M)	(142.7M)	(182.2M)	-100.5M	-56.6M	(66.6M)	-84.8M	(57M)	(52M)	(48M)	(26M)	(18M)	(18M)	(15M)	(10M)	(9M)	(3M)
Selling, General & Administrative	(61.6M)	(0.0)	(0.0)	(0.0)	(0.0)	(66.6M)	(64.8M)	(56.9M)	(52.4M)	(48.4M)	(26.1M)	(18.1M)	(17.6M)	(14.7M)	(10.4M)	(8.9M)	(2.7M)
Operating Income	464.4M	417.7M	467.5M	649.7M	414.5M	47.1M	230.2M	334.6M	271.1M	221.6M	152.1M	109.3M	56.8M	48.6M	40.3M	21.7M	-2.1M
PRE-TAX INCOME
Interest Expense	(460.1M)	(503.9M)	(466.1M)	(270.5M)	(162.5M)	(148.9M)	(152.9M)	(114.6M)	(78.1M)	(63.8M)	(48.9M)	(26.5M)	(4.4M)	(8.4M)	(14.5M)	(10.7M)	(104K)
Net Interest Income	166.7M	199M	252.2M	241.6M	265.6M	278.7M	334.5M	289.3M	260.5M	200.6M	143.3M	96.8M	73.1M	48.7M	38.5M	21.8M	491K
Other Expenses	(42.8M)	(142.7M)	(182.2M)	-100.5M	-56.6M	(0.0)	-149.7M	(106K)	-377K	-371K	-111K	-111K	(425K)	(318K)	-380K	(105K)	(272K)
Total Other Income Expenses Net	-337.3M	-536.9M	-409M	-384.4M	-190.9M	-28.7M	21.9M	-31.5M	14.7M	385K	-191K	-4.2M	20K	6.2M	13K	16K	0.0
Income Before Tax	127.1M	-119.2M	58.6M	265.2M	223.5M	18.4M	230.2M	220M	193M	157.9M	103.3M	82.7M	52.5M	40.2M	25.9M	11M	0.0
NET INCOME
Income Tax Expense	(331K)	(394K)	(442K)	(0.0)	(0.0)	(0.0)	(0.0)	(212.4M)	(203.1M)	(148.6M)	(117.2M)	(78.7M)	(55.5M)	(34M)	(0.0)	(0.0)	(2.2M)
Net Income	126.7M	-119.6M	58.1M	265.2M	223.5M	18.4M	230.2M	220M	193M	157.9M	103.3M	82.7M	52.5M	40.2M	25.9M	11M	-2.2M

SEC Filings

ARI - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	May 29, 2026	July 09, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 15, 2026	May 14, 2026	2026	View Filing
10-K/A 10-K/A 2025 FY (Amended) FY	April 30, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 28, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 24, 2026	April 24, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 10, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 10, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 28, 2026	January 27, 2026	2026	View Filing

Showing 1 to 10 of 270 filings

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