Filing Flows › Apollo Commercial Real Estate Finance (ARI) › How it makes money
How Apollo Commercial Real Estate Finance (ARI) makes money
Apollo Commercial Real Estate Finance (ARI) made $44.4M of revenue in the second quarter 2026 (Q2 2026), -37% from a year earlier. Of every dollar of revenue, 58¢ was left as operating profit, 58¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $44.4M | 100.0% |
| Operating profit | $25.8M | 58.1% |
| Income tax | $27K | 0.1% |
| Net earnings | $25.8M | 58.1% |
| Operating cash flow | $33.9M | 76.4% |
| Free cash flow | $24.5M | 55.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $44.4M | -37% |
| Q1 2026 | $58.6M | -11% |
| Q4 2025 | $73.3M | +4% |
| Q3 2025 | $61.6M | -14% |
| Q2 2025 | $70.9M | -13% |
| Q1 2025 | $65.8M | -18% |
| Q4 2024 | $70.5M | -16% |
From Apollo Commercial Real Estate Finance's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Apollo Commercial Real Estate Finance make money?
Apollo Commercial Real Estate Finance (ARI) made $44.4M of revenue in the second quarter 2026 (Q2 2026), -37% from a year earlier. Of every dollar of revenue, 58¢ was left as operating profit, 58¢ was left as net earnings.
What is Apollo Commercial Real Estate Finance's profit margin?
Net earnings were $25.8M, 58.1% of revenue, in the second quarter 2026; the operating margin was 58.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.