Filing Flows › Ares Commercial Real Estate (ACRE) › Q2 2025
Ares Commercial Real Estate (ACRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ares Commercial Real Estate (ACRE) reported revenue of $12.6M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -16% from the quarter before. Operating margin was -87.8%, net loss $11.0M (87.8% of revenue).
Ares Commercial Real Estate, Q2 2025: revenue $12.6M (-25% year over year), operating margin -87.8%, net loss $11.0M, operating cash flow $4.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6M | -16% | -25% |
| Operating profit | −$11.0M | -215% | — |
| Net earnings | −$11.0M | -218% | — |
| Operating cash flow | $4.9M | -39% | -44% |
| Free cash flow | $4.0M | -50% | -54% |
What changed
Revenue was $12.6M in Q2 2025, down 25% year over year and down 16% from the previous quarter.
Operating costs exceeded revenue by $11.0M, an operating margin of -87.8%. Total costs grew 3% against a revenue fall of 25%. The quarter ended with a net loss of $11.0M, after a profit of $9.3M the previous quarter.
Operating cash flow was $4.9M (down 44% year over year). Non-cash charges added back $2.3M of depreciation and amortization and $937K of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $922K left free cash flow of $4.0M.
Questions
What was Ares Commercial Real Estate's revenue in the second quarter 2025?
Ares Commercial Real Estate (ACRE) reported revenue of $12.6M for the second quarter 2025 (Q2 2025), -25% from a year earlier and -16% from the quarter before.
Was Ares Commercial Real Estate profitable in the second quarter 2025?
Operating loss was $11.0M (-87.8% of revenue) and net loss $11.0M.