Filing Flows › Apollo Commercial Real Estate Finance (ARI) › Q1 2025
Apollo Commercial Real Estate Finance (ARI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Apollo Commercial Real Estate Finance (ARI) reported revenue of $65.8M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -7% from the quarter before. Operating margin was 39.7%, net earnings $26.0M (39.5% of revenue).
Apollo Commercial Real Estate Finance, Q1 2025: revenue $65.8M (-18% year over year), operating margin 39.7%, net earnings $26.0M, operating cash flow $39.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.8M | -7% | -18% |
| Operating profit | $26.1M | -36% | — |
| Net earnings | $26.0M | -36% | — |
| Operating cash flow | $39.3M | -21% | -26% |
| Free cash flow | $14.4M | +290% | -3% |
What changed
Revenue was $65.8M in Q1 2025, down 18% year over year and down 7% from the previous quarter.
Operating profit was $26.1M, a 39.7% margin (up 169.3 points year over year). Total costs fell 79% while revenue fell 18%. Net earnings were $26.0M. The effective tax rate was 0.4%.
Operating cash flow was $39.3M (down 26% year over year), 151% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $7.4M. Capital expenditures of $24.9M left free cash flow of $14.4M.
Questions
What was Apollo Commercial Real Estate Finance's revenue in the first quarter 2025?
Apollo Commercial Real Estate Finance (ARI) reported revenue of $65.8M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -7% from the quarter before.
Was Apollo Commercial Real Estate Finance profitable in the first quarter 2025?
Operating profit was $26.1M (39.7% of revenue) and net earnings $26.0M.
Source: Apollo Commercial Real Estate Finance 10-Q on SEC EDGAR.