Filing Flows › Ares Commercial Real Estate (ACRE) › Q2 2026 › vs Q2 2025
Ares Commercial Real Estate (ACRE) Q2 2026 vs Q2 2025 (year over year)
Ares Commercial Real Estate's revenue rose $1.8M (+14%) from $12.6M in Q2 2025 to $14.4M in Q2 2026. Operating margin 31.5% against -87.8% (+119.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.5% | -87.8% | +119.3 pts |
| Net margin | 30.5% | -87.8% | +118.4 pts |
| Free cash flow margin | 435.9% | 31.5% | +404.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $14.4M | $12.6M | $1.8M | +14% |
| Operating profit | $4.5M | −$11.0M | $15.6M | — |
| Costs & expenses | $9.8M | $23.6M | −$13.8M | -58% |
| Pre-tax earnings | $4.5M | −$11.0M | $15.6M | — |
| General & admin | $1.7M | $2.0M | −$272K | -14% |
| Other operating costs | $8.1M | $21.6M | −$13.5M | -62% |
| Net earnings | $4.4M | −$11.0M | $15.4M | — |
| Income tax | $138K | $0 | $138K | — |
| Depreciation & amortization | $749K | $2.3M | −$1.6M | -67% |
| Share-based compensation | $882K | $937K | −$55K | -6% |
| Working capital & other | $57.5M | $12.7M | $44.9M | +354% |
| Operating cash flow | $63.5M | $4.9M | $58.7M | 13× |
| Free cash flow (OCF − capex) | $62.6M | $4.0M | $58.6M | 16× |
| Capital expenditures | $964K | $922K | $42K | +5% |
Questions
How much did Ares Commercial Real Estate's revenue grow year over year in Q2 2026?
Ares Commercial Real Estate's revenue rose $1.8M (+14%) from $12.6M in Q2 2025 to $14.4M in Q2 2026. Operating margin 31.5% against -87.8% (+119.3 pts).