Apollo Commercial Real Estate Finance, Inc. (ARI)

ARI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	166.69	198.98	252.17	241.58	265.59
Net Interest Income Growth	-16.23%	-21.09%	4.38%	-9.04%	-4.70%
Non-Interest Income	118.32	-159.1	-45.1	144.81	47.5
Non-Interest Income Growth	-	-	-	204.89%	-
Revenues Before Loan Losses	271.59	303.67	344.59	303.64	284.51
Revenue	271.59	303.67	344.59	303.64	284.51
Revenue Growth (YoY)	-10.56%	-11.88%	13.49%	6.72%	2.09%
Selling, General & Admin	61.58	65.77	67.5	68.08	67.01
Other Non-Interest Expenses	96.39	93.35	81.01	53.07	22.57
Total Non-Interest Expense	157.96	159.12	148.51	121.15	89.57
Pretax Income	127.05	-119.24	58.57	265.23	223.52
Provision for Income Taxes	0.33	0.39	0.44	-	-
Net Income	114.45	-131.91	45.86	252.96	210.55
Net Income Attributable to Preferred Dividends	12.27	12.27	12.27	12.27	12.96
Net Income to Common	114.45	-131.91	45.86	252.96	210.55
Net Income Growth	-	-	-81.87%	20.14%	4252.93%
Shares Outstanding (Basic)	139	140	141	141	140
Shares Outstanding (Diluted)	139	140	141	166	168
Shares Change (YoY)	-0.58%	-1.14%	-14.64%	-1.72%	13.78%
EPS (Basic)	0.81	-0.97	0.29	1.77	1.48
EPS (Diluted)	0.81	-0.97	0.29	1.68	1.46
EPS Growth	-	-	-82.74%	15.07%	14500.00%
Free Cash Flow	42.31	30.75	201.23	234.67	199.25
Free Cash Flow Growth	37.59%	-84.72%	-14.25%	17.78%	21.45%
Free Cash Flow Per Share	0.30	0.22	1.42	1.42	1.18
Dividends Per Share	1.000	1.200	1.400	1.400	1.400
Dividend Growth	-16.67%	-14.29%	-	-	-3.45%
Profit Margin	47.22%	-80.90%	20.38%	82.56%	70.01%
FCF Margin	15.77%	20.79%	70.57%	73.05%	62.41%
EBITDA	-4.71	-0.88	-6.64	-38.23	-53.21
EBITDA Margin	-1.75%	-0.60%	-2.33%	-11.90%	-16.66%
Effective Tax Rate	0.26%	-0.33%	0.75%	0.00%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q