Q2 2026 Revenue down 18% year over year to $111M · 23¢ of every $1 of revenue lost · operating margin 22.6%
CIM Group made $111M in Q2 2026 (-18% Y/Y). Operating margin 22.6%, net loss $26.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Revenue$111M
Year over year-18%
Operating margin22.6%
Net earnings−$26.0M
Operating cash flow−$12.3M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $111.0M in Q2 2026, down 18% year over year and up 14% from the previous quarter.
Operating profit was $25.1M, a 22.6% margin (down 8.6 points year over year). Total costs fell 8% while revenue fell 18%. The quarter ended with a net loss of $26.0M, after a profit of $43.1M the previous quarter. Net interest and other expense of $28.3M was the main reason.
Operating cash flow was −$12.3M. Working capital and other items added $13.7M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 14, 2026
$111M
-18%
22.6%
−$26.0M
−$12.3M
Q1 2026
10-Q
May 13, 2026
$97.6M
-8%
34.3%
$43.1M
$32.5M
Q4 2025
10-K
Mar 30, 2026
$97.9M
-8%
23.7%
$29.7M
$33.3M
Q3 2025
10-Q
Nov 14, 2025
$104M
-14%
18.7%
$30.3M
$34.7M
Q2 2025
10-Q
Aug 13, 2025
$107M
-12%
17.4%
$25.2M
$36.2M
Q1 2025
10-Q
May 14, 2025
$106M
-21%
-37.9%
−$32.9M
$31.8M
Q4 2024
10-K
Mar 28, 2025
$106M
-25%
-9.8%
−$15.3M
$30.5M
Charts
Latest (Q2 2026): Y/Y -18%, Q/Q +14%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income −$26.0M, Operating cash flow −$12.3M.+40.1% since FY2020: more shares outstanding (issuance, stock pay).Cash $87.9M, short-term investments —, long-term debt $336M at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
CIM Real Estate Finance Trust, Inc. (together with our subsidiaries unless the context requires otherwise, the “Company,” “we,” “our” or “us”) is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010. We are primarily focused on originating, acquiring, financing and managing shorter duration senior secured loans, other related credit investments and core commercial real estate. We have two reportable business segments as of December 31, 2025 and we refer to the investments within these segments as our target assets:
In its own words, from its 10-K, filed Mar 30, 2026.
CIM Group against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -18% against the peers' median +11%. Operating margin: 22.6% against the peers' median 20.6%.