Apollo Commercial Real Estate Finance (ARI) Cash from Operations (2010 - 2026)
Apollo Commercial Real Estate Finance's Cash from Operations came in at $33.92 million for Q2 2026, down 46.3% from $63.23 million a year earlier but up 170.1% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) Cash from Operations (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Apollo Commercial Real Estate Finance reported Cash from Operations of $86.46 million, down 56.7% year-over-year; for FY2025, it was $142.52 million, down 28.8% from FY2024.
- Cash from Operations carries a five-year compound annual growth rate of -2.8% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $200.26 million in FY2024 (-26.9%), $273.86 million in FY2023 (+2.3%), $267.71 million in FY2022 (+34.3%) and $199.38 million in FY2021 (+21.5%).
- The five-year range for quarterly Cash from Operations is $8.24 million (Q4 2025) to $125.67 million (Q3 2022).
- Year-over-year, Cash from Operations has declined for four consecutive quarters, with an average decline of 26.5% over the last eight quarters.
- The fastest year-over-year change in Cash from Operations over five years came in Q3 2022 (growth of 186.1%), and the weakest in Q4 2025 (a decline of 83.5%).
- Business Quant data shows ARI's Cash from Operations at $12.56 million (Q1 2026), $8.24 million (Q4 2025) and $31.74 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | -1.21 Bn |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 728.46 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 9.25 Bn |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 296.16 Mn |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 2.42 Bn |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 1.62 Bn |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | 336.00 Mn |
| 10 | Apollo Commercial Real Estate Finance | 801.33 Mn | -950.68 Mn | - | 33.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.92 Mn |
| Mar 31, 2026 | 12.56 Mn |
| Dec 31, 2025 | 8.24 Mn |
| Sep 30, 2025 | 31.74 Mn |
| Jun 30, 2025 | 63.23 Mn |
| Mar 31, 2025 | 39.32 Mn |
| Dec 31, 2024 | 49.93 Mn |
| Sep 30, 2024 | 47.24 Mn |
| Jun 30, 2024 | 50.25 Mn |
| Mar 31, 2024 | 52.84 Mn |
| Dec 31, 2023 | 30.85 Mn |
| Sep 30, 2023 | 83.44 Mn |
| Jun 30, 2023 | 49.33 Mn |
| Mar 31, 2023 | 110.25 Mn |
| Dec 31, 2022 | 42.59 Mn |
| Sep 30, 2022 | 125.67 Mn |
| Jun 30, 2022 | 49.78 Mn |
| Mar 31, 2022 | 49.66 Mn |
| Dec 31, 2021 | 34.51 Mn |
| Sep 30, 2021 | 43.93 Mn |
API Access
Apollo Commercial Real Estate Finance Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "ARI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();