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Apollo Commercial Real Estate Finance, Inc. (ARI) Graph

ARI Revenue Flow

Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

  • 2026-06-30: Revenue $44.38M; Operating expenses $37.08M; Income tax $27.00K; Net income $25.78M.
  • 2026-03-31: Revenue $58.63M; Operating expenses $36.27M; Income tax $230.00K; Net income $26.23M.
  • 2025-12-31: Revenue $73.25M*; Operating expenses $43.44M*; Income tax -$135.00K*; Net income (m).
  • 2025-09-30: Revenue $61.62M; Operating expenses $37.52M; Income tax $234.00K; Net income $50.79M.

Revenue flow

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

ARI revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Revenue$44.38MOperating expenses$37.08MPre-tax income$25.81MIncome tax$27.00KNet income$25.78M

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 3 month

Period endRevenueOperating expensesIncome taxNet income
2026-06-30$44.38M$37.08M$27.00K$25.78M
2026-03-31$58.63M$36.27M$230.00K$26.23M
2025-12-31$73.25M*$43.44M*-$135.00K*(m)
2025-09-30$61.62M$37.52M$234.00K$50.79M
2025-06-30$70.90M$38.56M$116.00K$20.74M
2025-03-31$65.82M$38.44M$116.00K$25.99M
2024-09-30$71.57M$38.57M$66.00K-$91.55M
2024-06-30$81.11M$40.72M$100.00K$35.78M
2024-03-31$80.53M$41.34M$114.00K-$104.52M
2023-09-30$81.16M$37.15M$517.00K$46.07M
2023-06-30$92.16M$39.02M$0.00-$83.40M
2023-03-31$87.12M$34.52M$0.00$48.92M
2022-09-30$76.30M$30.21M$0.00$183.03M
2022-06-30$76.02M$29.90M(m)$70.95M
2022-03-31$64.18M$26.90M(m)$15.24M
2021-09-30$66.64M$24.15M(m)$60.39M
2021-06-30$75.86M$18.62M(m)$67.69M
2021-03-31$71.15M$16.30M(m)$58.34M
2020-12-31(m)$16.87M(m)$36.68M
2020-09-30$68.56M$16.55M(m)$49.34M
2020-06-30(m)$16.38M(m)$60.20M
2020-03-31(m)$16.80M(m)-$127.84M
2019-12-31(m)$15.96M(m)$71.90M
2019-09-30(m)$16.27M(m)$29.09M
2019-06-30(m)$16.83M(m)$61.42M
2019-03-31(m)$15.76M(m)$67.76M
2018-12-31(m)$13.78M(m)$52.99M
2018-09-30(m)$15.36M(m)$62.22M
2018-06-30(m)$14.66M(m)$55.35M
2018-03-31(m)$13.09M(m)$49.43M
2017-12-31(m)$13.31M(m)$41.31M
2017-09-30(m)$12.94M(m)$68.36M
2017-06-30(m)$12.94M(m)$36.23M
2017-03-31(m)$13.19M(m)$47.13M
2016-12-31(m)$10.54M(m)$59.03M
2016-09-30(m)$14.26M(m)$69.89M
2016-06-30(m)$10.16M(m)$10.34M
2016-03-31(m)$13.41M(m)$18.62M
2015-12-31(m)$8.27M(m)$27.24M
2015-09-30(m)$6.20M(m)$25.85M
2015-06-30(m)$5.95M(m)$24.66M
2015-03-31(m)$5.70M(m)$25.51M
2014-12-31(m)$5.03M(m)$22.04M
2014-09-30(m)$4.63M(m)$19.16M
2014-06-30(m)$4.45M(m)$23.96M
2014-03-31(m)$4.01M(m)$17.58M
2013-12-31(m)$5.07M(m)$15.86M
2013-09-30(m)$4.42M(m)$12.90M
2013-06-30(m)$4.04M(m)$11.79M
2013-03-31(m)$4.05M(m)$11.93M
2012-12-31(m)$3.35M(m)$8.97M
2012-09-30(m)$3.95M(m)$12.21M
2012-06-30(m)$4.05M(m)$9.91M
2012-03-31(m)$3.33M(m)$9.09M
2011-12-31(m)$2.86M(m)$8.67M
2011-09-30(m)$2.54M(m)$5.51M
2011-06-30(m)$2.51M(m)$6.52M
2011-03-31(m)$2.47M(m)$5.18M
2010-09-30(m)$2.12M(m)$2.36M
2010-06-30(m)$2.12M(m)$2.94M
2009-12-31(m)$2.73M(m)-$2.17M

Revenue and expense 6 month

Period endRevenueOperating expensesIncome taxNet income
2026-06-30$103.02M$73.35M$257.00K$52.01M
2025-06-30$136.72M$77.00M$232.00K$46.73M
2024-06-30$161.64M$82.06M$214.00K-$68.74M
2023-06-30$179.28M$73.55M$0.00-$34.48M
2022-06-30$140.20M$56.79M(m)$86.19M
2021-06-30$147.01M$34.92M(m)$126.03M
2020-06-30(m)$33.18M(m)-$67.64M
2019-06-30(m)$32.60M(m)$129.18M
2018-06-30(m)$27.75M(m)$104.78M
2017-06-30(m)$26.13M(m)$83.36M
2016-06-30(m)$23.57M(m)$28.96M
2015-06-30(m)$11.64M(m)$50.17M
2014-06-30(m)$8.45M(m)$41.54M
2013-06-30(m)$8.09M(m)$23.72M
2012-06-30(m)$7.38M(m)$19.00M
2011-06-30(m)$4.98M(m)$11.70M
2010-06-30(m)$4.26M(m)$4.68M

Revenue and expense 9 month

Period endRevenueOperating expensesIncome taxNet income
2025-09-30$198.34M$114.52M$466.00K$97.52M
2024-09-30$233.22M$120.63M$280.00K-$160.29M
2023-09-30$260.44M$110.70M$517.00K$11.59M
2022-09-30$216.50M$87.00M$0.00$269.22M
2021-09-30$213.66M$59.08M(m)$186.42M
2020-09-30$213.98M$49.73M(m)-$18.30M
2019-09-30(m)$48.87M(m)$158.27M
2018-09-30(m)$43.11M(m)$167.00M
2017-09-30(m)$39.07M(m)$151.71M
2016-09-30(m)$37.83M(m)$98.85M
2015-09-30(m)$17.84M(m)$76.02M
2014-09-30(m)$13.08M(m)$60.70M
2013-09-30(m)$12.51M(m)$36.62M
2012-09-30(m)$11.33M(m)$31.21M
2011-09-30(m)$7.52M(m)$17.21M
2010-09-30(m)$6.38M(m)$7.03M

Revenue and expense 12 month

Period endRevenueOperating expensesIncome taxNet income
2025-12-31$271.59M$157.96M$331.00K$126.72M
2024-12-31$303.67M$159.12M$394.00K-$119.64M
2023-12-31$344.59M$148.50M$442.00K$58.13M
2022-12-31$303.64M$121.15M$0.00$265.23M
2021-12-31$284.51M$89.57M$0.00$223.51M
2020-12-31$278.68M$66.60M(m)$18.38M
2019-12-31$334.48M$64.83M(m)$230.17M
2018-12-31(m)$56.89M(m)$219.99M
2017-12-31(m)$52.38M(m)$193.03M
2016-12-31(m)$48.37M(m)$157.88M
2015-12-31(m)$26.11M(m)$103.26M
2014-12-31(m)$18.11M(m)$82.74M
2013-12-31(m)$17.57M(m)$52.48M
2012-12-31(m)$14.68M(m)$40.18M
2011-12-31(m)$10.38M(m)$25.88M
2010-12-31(m)$8.89M(m)$11.00M

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