ARI
Apollo Commercial Real Estate Finance Inc
NYSE: ARI · REAL ESTATE · REIT - MORTGAGE
$10.74
-2.89% today
Updated 2026-04-29
Market cap
$1.49B
P/E ratio
13.26
P/S ratio
5.55x
EPS (TTM)
$0.81
Dividend yield
—
52W range
$8 – $11
Volume
1.4M
Apollo Commercial Real Estate Finance Inc (ARI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $556000.00 | $19.89M | $36.26M | $54.86M | $70.06M | $101.01M | $125.90M | $181.32M | $255.20M | $299.45M | $315.00M | $210.58M | $421.23M | $641.34M | $777.00M | $701.53M | $710.49M |
| Revenue growth (YoY) | — | +3478.1% | +82.3% | +51.3% | +27.7% | +44.2% | +24.6% | +44.0% | +40.7% | +17.3% | +5.2% | -33.2% | +100.0% | +52.3% | +21.2% | -9.7% | +1.3% |
| Cost of revenue | — | $8.89M | $1000.00 | $13.63M | $17.57M | $18.11M | $48.86M | $63.76M | $78.06M | $114.60M | $152.93M | $148.89M | $63.37M | $92.19M | $127.23M | $141.14M | $141.72M |
| Gross profit | $556000.00 | $19.89M | $36.26M | $54.86M | $70.06M | $101.01M | $125.90M | $181.32M | $255.20M | $299.45M | $315.00M | $210.58M | $357.85M | $549.15M | $649.77M | $560.39M | $568.76M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 85.0% | 85.6% | 83.6% | 79.9% | 80.1% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $2.73M | $8.89M | $10.38M | $14.68M | $17.57M | $18.11M | $26.11M | $48.37M | $52.38M | $56.89M | $64.83M | $66.60M | $49.37M | $29.66M | $50.05M | $29.65M | $47.94M |
| Operating income | $-2.07M | $21.71M | $40.34M | $48.58M | $56.84M | $109.28M | $152.12M | $221.63M | $271.09M | $334.58M | $230.17M | $18.38M | $414.45M | $649.66M | $467.54M | $417.69M | $464.37M |
| Operating margin | -371.9% | 109.1% | 111.2% | 88.6% | 81.1% | 108.2% | 120.8% | 122.2% | 106.2% | 111.7% | 73.1% | 8.7% | 98.4% | 101.3% | 60.2% | 59.5% | 65.4% |
| EBITDA | $-2.07M | $21.71M | $40.34M | $48.58M | $56.84M | $109.28M | $152.12M | $221.63M | $271.09M | $334.58M | $230.17M | $-43.37M | $388.68M | $536.46M | $532.93M | $396.38M | $598.31M |
| EBITDA margin | -371.9% | 109.1% | 111.2% | 88.6% | 81.1% | 108.2% | 120.8% | 122.2% | 106.2% | 111.7% | 73.1% | -20.6% | 92.3% | 83.6% | 68.6% | 56.5% | 84.2% |
| EBIT | $-2.07M | $21.71M | $40.34M | $48.58M | $56.84M | $109.28M | $152.12M | $221.63M | $271.09M | $334.58M | $230.17M | $18.38M | $386.04M | $535.76M | $524.68M | $384.71M | $587.14M |
| Interest expense | $104000.00 | $10.71M | $14.45M | $8.40M | $4.36M | $26.54M | $48.86M | $63.76M | $78.06M | $114.60M | $152.93M | $148.89M | $162.52M | $270.52M | $466.11M | $503.95M | $460.09M |
| Income tax | $2.17M | — | $0.00 | $33.99M | $55.53M | $78.69M | $117.19M | $148.65M | $203.09M | $212.40M | $84.19M | $-198.87M | $-156.16M | $270.52M | $442000.00 | $394000.00 | $-331000.00 |
| Effective tax rate | — | 0.0% | 0.0% | 45.8% | 51.4% | 48.7% | 53.2% | 48.5% | 51.3% | 49.1% | 26.8% | 110.2% | -231.9% | 50.5% | 0.8% | -0.3% | -0.3% |
| Net income | $-2.17M | $11.00M | $25.88M | $40.18M | $52.48M | $82.74M | $103.26M | $157.88M | $193.03M | $219.99M | $230.17M | $18.38M | $223.51M | $265.23M | $58.13M | $-119.64M | $126.72M |
| Net income growth (YoY) | — | +606.4% | +135.3% | +55.2% | +30.6% | +57.6% | +24.8% | +52.9% | +22.3% | +14.0% | +4.6% | -92.0% | +1116.3% | +18.7% | -78.1% | -305.8% | +205.9% |
| Profit margin | -390.6% | 55.3% | 71.4% | 73.2% | 74.9% | 81.9% | 82.0% | 87.1% | 75.6% | 73.5% | 73.1% | 8.7% | 53.1% | 41.4% | 7.5% | -17.1% | 17.8% |