APOLLO COMMERCIAL REAL ESTATE FINANCE financials
$6.23+0.48%
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 | $730.4M | $804.1M | $793.4M | $518.6M | $447.0M | $427.6M | $487.4M | $403.9M | $338.5M | $225.3M |
| Gross profit | $730.4M | $804.1M | $793.4M | $518.6M | $447.0M | $427.6M | $487.4M | $403.9M | $338.5M | $210.3M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 93.3% |
| Operating income | $569.2M | $489.2M | $585.5M | $415.0M | $392.2M | $235.4M | $402.6M | $327.0M | $286.1M | $161.9M |
| Net income | $111.9M | -$135.2M | $41.5M | $248.8M | $206.7M | $1.4M | $207.8M | $189.2M | $153.4M | $125.5M |
| Net margin | 15.3% | −16.8% | 5.2% | 48.0% | 46.2% | 0.3% | 42.6% | 46.9% | 45.3% | 55.7% |
| Diluted EPS | $0.81 | $-0.97 | $0.29 | $1.68 | $1.46 | $0.02 | $1.40 | $1.48 | $1.54 | $1.74 |
| EBITDA | $579.4M | $500.8M | $593.7M | $415.7M | $394.9M | $235.4M | $402.6M | $327.0M | $286.1M | $161.9M |
| Operating cash flow | $142.5M | $200.3M | $273.9M | $267.7M | $199.4M | $164.1M | $273.4M | $266.0M | $154.6M | $123.9M |
| Free cash flow | $42.3M | $30.8M | $201.2M | $234.7M | $199.3M | -$621.2M | -$3.13B | -$1.94B | -$1.56B | -$935.6M |
| Diluted shares | 138.9M | 139.7M | 141.3M | 165.5M | 168.4M | 148.0M | 175.8M | 153.8M | 101.2M | 73.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $139.8M | $317.4M | $225.4M | $222.0M | $343.1M | $325.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $7.92B | $6.07B | $6.80B | $1.49B | $6.01B | $4.55B |
| Total assets | $9.90B | $8.41B | $9.30B | $9.57B | $8.42B | $6.94B |
| Total liabilities | $8.04B | $6.54B | $7.09B | $7.21B | $6.12B | $4.67B |
| Shareholders' equity | $1.86B | $1.87B | $2.21B | $2.35B | $2.29B | $2.27B |
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