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Apollo Commercial Real Estate Finance, Inc.

EDGAR

ARI Current report (8-K) · filed 2026-10-16

Annual consolidated revenue for 2025: about USD 271.6M, using the latest reported figures. The previous period, 2024, was about USD 303.7M.

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Watchlist

Latest quarter

Revenue

44.4 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 44383000 USD Source

Net margin

58.08%

2026 Q2 · %

Exact inputs and evidence

Net Income: 25779000 USD Source
Revenue: 44383000 USD Source

Operating cash flow

33.9 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 46483000 USD Source
Operating Cash Flow: 12561000 USD Source

Cash and cash equivalents: 1.24 billion USD 2026-06-30 Source
Exact value

1239480000 USD
Long-term debt including current maturities: 773 million USD 2021-09-30 Source
Exact value

773397000 USD
Shares outstanding: 128 million shares 2026-06-30 Source
Exact value

128212093 shares

Reported share-count change

-7.72% · -10.7 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

138943831 shares · 2025-06-30· Source
128212093 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

238 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 61619000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 271589000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 198337000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 58634000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 44383000 USD · 2026-04-01 – 2026-06-30 Source

Net income

132 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 50791000 USD · 2025-07-01 – 2025-09-30 Source
Net income: 126720000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 97521000 USD · 2025-01-01 – 2025-09-30 Source
Net income: 26227000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 25779000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

86.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 134280000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 102542000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 142521000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 134280000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 12561000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 46483000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 12561000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-16.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 7 of 11 periods available· newest 2025-12-31
operating income: No compatible figures in this window
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
capital expenditure: No compatible figures in this window
Total assets: 7 of 11 periods available· newest 2025-12-31
Total liabilities: 7 of 11 periods available· newest 2025-12-31
current assets: No compatible figures in this window
current liabilities: No compatible figures in this window
Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
Shares outstanding: 7 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-10.6%

Prior period

USD 303.67 million

2024-01-01 – 2024-12-31
Current period

USD 271.59 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

271589000 − 303671000 = -32082000 USD

303671000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
271589000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Apollo Commercial Real Estate Finance, Inc. · 2025-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Year-over-year change in Revenue: -32082000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 271589000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2232996 Filing: 000119312526044725 Input fundies:Revenue: 303671000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2234607 Filing: 000119312526044725
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 246.36 million

Prior period

−USD 119.64 million

2024-01-01 – 2024-12-31
Current period

USD 126.72 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

126720000 − -119636000 = 246356000 USD

-119636000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
126720000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Apollo Commercial Real Estate Finance, Inc. · 2025-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Year-over-year change in Net income: 246356000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 126720000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#5738446 Filing: 000119312526044725 Input fundies:NetIncome: -119636000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#5740176 Filing: 000119312526044725
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-28.8%

Prior period

USD 200.26 million

2024-01-01 – 2024-12-31
Current period

USD 142.52 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

142521000 − 200257000 = -57736000 USD

200257000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
142521000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Apollo Commercial Real Estate Finance, Inc. · 2025-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Year-over-year change in Operating cash flow: -57736000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 142521000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2726788 Filing: 000119312526044725 Input fundies:OperatingCashFlow: 200257000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2728590 Filing: 000119312526044725
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 271.59 million 100% of revenue
Operating costs Derived Unavailable An input is unavailable.
Operating income Unavailable An input is unavailable.
Tax, interest and other Derived Unavailable An input is unavailable.
Net income USD 126.72 million 47% of revenue

Cash

Operating cash flow USD 142.52 million 52% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2019 2019-01-01 – 2019-12-31	334482000	Unavailable	Unavailable	Unavailable	230174000	Unavailable	Source 2019-01-01 – 2019-12-31: 334482000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 230174000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 273435000 USD Inspect Operating Cash Flow Open source
2020 2020-01-01 – 2020-12-31	278678000	Unavailable	Unavailable	Unavailable	18377000	Unavailable	Source 2020-01-01 – 2020-12-31: 278678000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 18377000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 164052000 USD Inspect Operating Cash Flow Open source
2021 2021-01-01 – 2021-12-31	284510000	Unavailable	Unavailable	Unavailable	223515000	Unavailable	Source 2021-01-01 – 2021-12-31: 284510000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 223515000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 199383000 USD Inspect Operating Cash Flow Open source
2022 2022-01-01 – 2022-12-31	303640000	Unavailable	Unavailable	Unavailable	265232000	Unavailable	Source 2022-01-01 – 2022-12-31: 303640000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 265232000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 267705000 USD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	344591000	Unavailable	Unavailable	Unavailable	58127000	Unavailable	Source 2023-01-01 – 2023-12-31: 344591000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 58127000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 273862000 USD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	303671000	Unavailable	Unavailable	Unavailable	-119636000	Unavailable	Source 2024-01-01 – 2024-12-31: 303671000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -119636000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 200257000 USD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	271589000	Unavailable	Unavailable	Unavailable	126720000	Unavailable	Source 2025-01-01 – 2025-12-31: 271589000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 126720000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 142521000 USD Inspect Operating Cash Flow Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 271.6M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Revenue	334482000	Revenue: 334482000 Open source
20202020-12-31	Revenue	278678000	Revenue: 278678000 Open source
20212021-12-31	Revenue	284510000	Revenue: 284510000 Open source
20222022-12-31	Revenue	303640000	Revenue: 303640000 Open source
20232023-12-31	Revenue	344591000	Revenue: 344591000 Open source
20242024-12-31	Revenue	303671000	Revenue: 303671000 Open source
20252025-12-31	Revenue	271589000	Revenue: 271589000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-10.6% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Year over year	No prior comparable period	Revenue: 334482000 Open source
20202020-12-31	Year over year	-16.7%	Revenue: 278678000 Open source Revenue: 334482000 Open source
20212021-12-31	Year over year	2.1%	Revenue: 284510000 Open source Revenue: 278678000 Open source
20222022-12-31	Year over year	6.7%	Revenue: 303640000 Open source Revenue: 284510000 Open source
20232023-12-31	Year over year	13.5%	Revenue: 344591000 Open source Revenue: 303640000 Open source
20242024-12-31	Year over year	-11.9%	Revenue: 303671000 Open source Revenue: 344591000 Open source
20252025-12-31	Year over year	-10.6%	Revenue: 271589000 Open source Revenue: 303671000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 46.7% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
2019-12-31	Operating margin	Not reported	Revenue: 334482000 Open source
2020-12-31	Operating margin	Not reported	Revenue: 278678000 Open source
2021-12-31	Operating margin	Not reported	Revenue: 284510000 Open source
2022-12-31	Operating margin	Not reported	Revenue: 303640000 Open source
2023-12-31	Operating margin	Not reported	Revenue: 344591000 Open source
2024-12-31	Operating margin	Not reported	Revenue: 303671000 Open source
2025-12-31	Operating margin	Not reported	Revenue: 271589000 Open source
20192019-12-31	Net margin	68.8%	Net Income: 230174000 Open source Revenue: 334482000 Open source
20202020-12-31	Net margin	6.6%	Net Income: 18377000 Open source Revenue: 278678000 Open source
20212021-12-31	Net margin	78.6%	Net Income: 223515000 Open source Revenue: 284510000 Open source
20222022-12-31	Net margin	87.4%	Net Income: 265232000 Open source Revenue: 303640000 Open source
20232023-12-31	Net margin	16.9%	Net Income: 58127000 Open source Revenue: 344591000 Open source
20242024-12-31	Net margin	-39.4%	Net Income: -119636000 Open source Revenue: 303671000 Open source
20252025-12-31	Net margin	46.7%	Net Income: 126720000 Open source Revenue: 271589000 Open source
20192019-12-31	Free cash flow margin	Not reported	Revenue: 334482000 Open source Operating Cash Flow: 273435000 Open source
20202020-12-31	Free cash flow margin	Not reported	Revenue: 278678000 Open source Operating Cash Flow: 164052000 Open source
20212021-12-31	Free cash flow margin	Not reported	Revenue: 284510000 Open source Operating Cash Flow: 199383000 Open source
20222022-12-31	Free cash flow margin	Not reported	Revenue: 303640000 Open source Operating Cash Flow: 267705000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 344591000 Open source Operating Cash Flow: 273862000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 303671000 Open source Operating Cash Flow: 200257000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 271589000 Open source Operating Cash Flow: 142521000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 142.5M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Operating cash flow	273435000	Operating Cash Flow: 273435000 Open source
20202020-12-31	Operating cash flow	164052000	Operating Cash Flow: 164052000 Open source
20212021-12-31	Operating cash flow	199383000	Operating Cash Flow: 199383000 Open source
20222022-12-31	Operating cash flow	267705000	Operating Cash Flow: 267705000 Open source
20232023-12-31	Operating cash flow	273862000	Operating Cash Flow: 273862000 Open source
20242024-12-31	Operating cash flow	200257000	Operating Cash Flow: 200257000 Open source
20252025-12-31	Operating cash flow	142521000	Operating Cash Flow: 142521000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Free cash flow	Unavailable	Operating Cash Flow: 273435000 Open source
20202020-12-31	Free cash flow	Unavailable	Operating Cash Flow: 164052000 Open source
20212021-12-31	Free cash flow	Unavailable	Operating Cash Flow: 199383000 Open source
20222022-12-31	Free cash flow	Unavailable	Operating Cash Flow: 267705000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: 273862000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: 200257000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 142521000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

81.3% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Liabilities / assets	61.8%	Total Liabilities: 4258388000 Open source Total Assets: 6888363000 Open source
20202020-12-31	Liabilities / assets	67.3%	Total Liabilities: 4669491000 Open source Total Assets: 6940020000 Open source
20212021-12-31	Liabilities / assets	72.7%	Total Liabilities: 6122069000 Open source Total Assets: 8416695000 Open source
20222022-12-31	Liabilities / assets	75.4%	Total Liabilities: 7213848000 Open source Total Assets: 9568352000 Open source
20232023-12-31	Liabilities / assets	76.2%	Total Liabilities: 7087997000 Open source Total Assets: 9296730000 Open source
20242024-12-31	Liabilities / assets	77.7%	Total Liabilities: 6537110000 Open source Total Assets: 8411591000 Open source
20252025-12-31	Liabilities / assets	81.3%	Total Liabilities: 8044877000 Open source Total Assets: 9900967000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2019-12-31	Current assets / current liabilities	Not reported	No source recorded
2020-12-31	Current assets / current liabilities	Not reported	No source recorded
2021-12-31	Current assets / current liabilities	Not reported	No source recorded
2022-12-31	Current assets / current liabilities	Not reported	No source recorded
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 157.88 million Exact value Exact value: 157876000 USD 2016-01-01 – 2016-12-31: 157876000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2016-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 157876000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 157876000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776019000005/ari-20181231.xml#584088 Filing: 000146776019000005 The citation records this snapshot. The page link may show a newer release later.	USD 123.89 million Exact value Exact value: 123886000 USD 2016-01-01 – 2016-12-31: 123886000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2016-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 123886000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 123886000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776019000005/ari-20181231.xml#583452 Filing: 000146776019000005 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	USD 193.03 million Exact value Exact value: 193031000 USD 2017-01-01 – 2017-12-31: 193031000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2017-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 193031000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 193031000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776020000004/ari-20191231x10k.htm#2903116 Filing: 000146776020000004 The citation records this snapshot. The page link may show a newer release later.	USD 154.87 million Exact value Exact value: 154873000 USD 2017-01-01 – 2017-12-31: 154873000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2017-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 154873000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 154873000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776020000004/ari-20191231x10k.htm#1784375 Filing: 000146776020000004 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2018 2018-01-01 – 2018-12-31	USD 219.99 million Exact value Exact value: 219986000 USD 2018-01-01 – 2018-12-31: 219986000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2018-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 219986000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 219986000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776021000008/ari-20201231.htm#3270111 Filing: 000146776021000008 The citation records this snapshot. The page link may show a newer release later.	USD 265.96 million Exact value Exact value: 265964000 USD 2018-01-01 – 2018-12-31: 265964000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2018-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 265964000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 265964000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776021000008/ari-20201231.htm#1711485 Filing: 000146776021000008 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2019 2019-01-01 – 2019-12-31	USD 230.17 million Exact value Exact value: 230174000 USD 2019-01-01 – 2019-12-31: 230174000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2019-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 230174000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 230174000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776022000007/ari-20211231.htm#3429744 Filing: 000146776022000007 The citation records this snapshot. The page link may show a newer release later.	USD 273.44 million Exact value Exact value: 273435000 USD 2019-01-01 – 2019-12-31: 273435000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2019-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 273435000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 273435000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776022000007/ari-20211231.htm#1605006 Filing: 000146776022000007 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2020 2020-01-01 – 2020-12-31	USD 18.38 million Exact value Exact value: 18377000 USD 2020-01-01 – 2020-12-31: 18377000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2020-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 18377000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 18377000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776023000004/ari-20221231.htm#3359328 Filing: 000146776023000004 The citation records this snapshot. The page link may show a newer release later.	USD 164.05 million Exact value Exact value: 164052000 USD 2020-01-01 – 2020-12-31: 164052000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2020-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 164052000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 164052000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776023000004/ari-20221231.htm#1566014 Filing: 000146776023000004 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2021-01-01 – 2021-12-31	USD 223.52 million Exact value Exact value: 223515000 USD 2021-01-01 – 2021-12-31: 223515000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2021-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 223515000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 223515000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776024000010/ari-20231231.htm#2643117 Filing: 000146776024000010 The citation records this snapshot. The page link may show a newer release later.	USD 199.38 million Exact value Exact value: 199383000 USD 2021-01-01 – 2021-12-31: 199383000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2021-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 199383000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 199383000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000146776024000010/ari-20231231.htm#1394740 Filing: 000146776024000010 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2022-01-01 – 2022-12-31	USD 265.23 million Exact value Exact value: 265232000 USD 2022-01-01 – 2022-12-31: 265232000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2022-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 265232000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 265232000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000095017025017122/ari-20241231.htm#5453763 Filing: 000095017025017122 The citation records this snapshot. The page link may show a newer release later.	USD 267.71 million Exact value Exact value: 267705000 USD 2022-01-01 – 2022-12-31: 267705000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2022-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 267705000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 267705000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000095017025017122/ari-20241231.htm#2614635 Filing: 000095017025017122 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	USD 58.13 million Exact value Exact value: 58127000 USD 2023-01-01 – 2023-12-31: 58127000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2023-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 58127000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 58127000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#5741826 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	USD 273.86 million Exact value Exact value: 273862000 USD 2023-01-01 – 2023-12-31: 273862000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2023-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 273862000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 273862000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2730392 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	−USD 119.64 million Exact value Exact value: -119636000 USD 2024-01-01 – 2024-12-31: -119636000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2024-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: -119636000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -119636000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#5740176 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	USD 200.26 million Exact value Exact value: 200257000 USD 2024-01-01 – 2024-12-31: 200257000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2024-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 200257000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 200257000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2728590 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	USD 126.72 million Exact value Exact value: 126720000 USD 2025-01-01 – 2025-12-31: 126720000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Apollo Commercial Real Estate Finance, Inc. · 2025-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Net Income: 126720000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 126720000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#5738446 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	USD 142.52 million Exact value Exact value: 142521000 USD 2025-01-01 – 2025-12-31: 142521000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Apollo Commercial Real Estate Finance, Inc. · 2025-12-31 Apollo Commercial Real Estate Finance, Inc. (edgar:1467760) Operating Cash Flow: 142521000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1467760/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 142521000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1467760/000119312526044725/ari-20251231.htm#2726788 Filing: 000119312526044725 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

146 filings · 3,001 latest values · 3,001 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001467760, 1467760, ARI, edgar:1467760

Also known as APOLLO COMMERCIAL REAL ESTATE FINANCE, INC., Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc.

Latest quarter

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Trailing twelve months

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What changed year over year

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Net income

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2025 2025-01-01 – 2025-12-31

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Cash generation