Filing Flows › Ares Commercial Real Estate (ACRE) › Q2 2026 › vs Q1 2026
Ares Commercial Real Estate (ACRE) Q2 2026 vs Q1 2026 (quarter over quarter)
Ares Commercial Real Estate's revenue rose $896K (+7%) from $13.5M in Q1 2026 to $14.4M in Q2 2026. Operating margin 31.5% against -71.1% (+102.6 pts).
Ares Commercial Real Estate, Q2 2026: revenue $14.4M (+14% year over year), operating margin 31.5%, net earnings $4.4M, operating cash flow $63.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.5% | -71.1% | +102.6 pts |
| Net margin | 30.5% | -71.4% | +101.9 pts |
| Free cash flow margin | 435.9% | -424.5% | +860.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $14.4M | $13.5M | $896K | +7% |
| Operating profit | $4.5M | −$9.6M | $14.1M | — |
| Costs & expenses | $9.8M | $23.0M | −$13.2M | -57% |
| Pre-tax earnings | $4.5M | −$9.6M | $14.1M | — |
| General & admin | $1.7M | $1.4M | $306K | +22% |
| Other operating costs | $8.1M | $21.6M | −$13.5M | -62% |
| Net earnings | $4.4M | −$9.6M | $14.0M | — |
| Income tax | $138K | $30K | $108K | +360% |
| Depreciation & amortization | $749K | $741K | $8K | +1% |
| Share-based compensation | $882K | $897K | −$15K | -2% |
| Working capital & other | $57.5M | −$48.6M | $106M | — |
| Operating cash flow | $63.5M | −$56.6M | $120M | — |
| Free cash flow (OCF − capex) | $62.6M | −$57.1M | $120M | — |
| Capital expenditures | $964K | $534K | $430K | +81% |
Questions
How much did Ares Commercial Real Estate's revenue grow quarter over quarter in Q2 2026?
Ares Commercial Real Estate's revenue rose $896K (+7%) from $13.5M in Q1 2026 to $14.4M in Q2 2026. Operating margin 31.5% against -71.1% (+102.6 pts).