Filing Flows › Apollo Commercial Real Estate Finance (ARI) › Q4 2024
Apollo Commercial Real Estate Finance (ARI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 10, 2025
Apollo Commercial Real Estate Finance (ARI) reported revenue of $70.5M for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -2% from the quarter before. Operating margin was 57.9%, net earnings $40.7M (57.7% of revenue).
Apollo Commercial Real Estate Finance, Q4 2024: revenue $70.5M (-16% year over year), operating margin 57.9%, net earnings $40.7M, operating cash flow $49.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.5M | -2% | -16% |
| Operating profit | $40.8M | — | -12% |
| Net earnings | $40.7M | — | -13% |
| Operating cash flow | $49.9M | +6% | +62% |
| Free cash flow | $3.7M | +61% | -31% |
What changed
Revenue was $70.5M in Q4 2024, down 16% year over year and down 2% from the previous quarter.
Operating profit was $40.8M, a 57.9% margin (up 2.6 points year over year). Total costs fell 21% while revenue fell 16%. Net earnings were $40.7M, down 13% year over year. The effective tax rate was 0.3%.
Operating cash flow was $49.9M (up 62% year over year), 123% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $2.9M. Capital expenditures of $46.2M left free cash flow of $3.7M.
Questions
What was Apollo Commercial Real Estate Finance's revenue in the fourth quarter 2024?
Apollo Commercial Real Estate Finance (ARI) reported revenue of $70.5M for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -2% from the quarter before.
Was Apollo Commercial Real Estate Finance profitable in the fourth quarter 2024?
Operating profit was $40.8M (57.9% of revenue) and net earnings $40.7M.
Source: Apollo Commercial Real Estate Finance 10-K on SEC EDGAR.