Apartment Investment and Management financials
$2.06−3.74%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $138.5M | $137.7M | $119.9M | $190.3M | $169.8M | $151.5M | $143.7M | $132.2M | $1.01B | $995.9M |
| Gross profit | $138.5M | $137.7M | $119.9M | $190.3M | $169.8M | $151.5M | $143.7M | $132.2M | $650.9M | $640.9M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 64.7% | 64.4% |
| Operating income | -$169.6M | -$40.3M | -$22.7M | -$80.1M | -$15.6M | -$14.4M | $15.1M | $23.5M | $194.0M | $246.8M |
| Net income | $554.0M | -$102.5M | -$166.2M | $75.7M | -$5.9M | -$5.0M | $304.0K | $3.2M | $306.9M | $417.8M |
| Net margin | 400.0% | −74.4% | −138.6% | 39.8% | −3.5% | −3.3% | 0.2% | 2.5% | 30.5% | 42.0% |
| Diluted EPS | $3.87 | $-0.75 | $-1.16 | $0.49 | $-0.04 | $-0.03 | $0.00 | $0.02 | $2.50 | $3.41 |
| EBITDA | $40.9M | $46.0M | $46.1M | $78.9M | $69.1M | $79.5M | $79.1M | $72.8M | $596.0M | $579.9M |
| Operating cash flow | $8.1M | $47.0M | $50.5M | $204.2M | $12.6M | $47.8M | $57.9M | $53.5M | $392.1M | $376.5M |
| Free cash flow | -$91.5M | -$113.0M | -$222.0M | -$33.3M | -$165.2M | -$84.0M | -$77.3M | $15.6M | $13.6M | -$268.4M |
| Diluted shares | 141.1M | 138.5M | 143.6M | 150.8M | 149.5M | 148.6M | 148.6M | 148.6M | 122.8M | 122.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $394.9M | $141.1M | $122.6M | $206.5M | $233.4M | $289.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $582.1M | $951.5M | $1.27B | $1.16B | $1.45B | $1.07B |
| Total assets | $1.68B | $1.96B | $2.09B | $2.18B | $2.43B | $1.84B |
| Total liabilities | $1.12B | $1.64B | $1.50B | $1.39B | $1.84B | $1.28B |
| Shareholders' equity | $394.6M | $169.4M | $420.0M | $625.4M | $562.2M | $559.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology