Filing Flows › Ares Commercial Real Estate (ACRE) › Q2 2026
Ares Commercial Real Estate (ACRE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Ares Commercial Real Estate (ACRE) reported revenue of $14.4M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +7% from the quarter before. Operating margin was 31.5%, net earnings $4.4M (30.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.4M | +7% | +14% |
| Operating profit | $4.5M | — | — |
| Net earnings | $4.4M | — | — |
| Operating cash flow | $63.5M | — | 13× |
| Free cash flow | $62.6M | — | 16× |
What changed
Revenue was $14.4M in Q2 2026, up 14% year over year and up 7% from the previous quarter.
Operating profit was $4.5M, a 31.5% margin (up 119.3 points year over year). Total costs fell 58% while revenue rose 14%. Net earnings were $4.4M. The effective tax rate was 3.1%.
Operating cash flow was $63.5M (up 1202% year over year), 1450% of net earnings. Non-cash charges added back $749K of depreciation and amortization and $882K of share-based compensation. Working capital and other items added $57.5M. Capital expenditures of $1.0M left free cash flow of $62.6M.
Questions
What was Ares Commercial Real Estate's revenue in the second quarter 2026?
Ares Commercial Real Estate (ACRE) reported revenue of $14.4M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +7% from the quarter before.
Was Ares Commercial Real Estate profitable in the second quarter 2026?
Operating profit was $4.5M (31.5% of revenue) and net earnings $4.4M.