Growth Metrics

Apollo Commercial Real Estate Finance (ARI) Operating Expenses (2019 - 2025)

Apollo Commercial Real Estate Finance's Operating Expenses history spans 7 years, with the latest figure at $43.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 12.85% year-over-year to $43.4 million; the TTM value through Dec 2025 reached $158.0 million, down 0.73%, while the annual FY2025 figure was $158.0 million, 0.73% down from the prior year.
  • Operating Expenses reached $43.4 million in Q4 2025 per ARI's latest filing, up from $37.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $43.4 million in Q4 2025 to a low of $16.3 million in Q1 2021.
  • Average Operating Expenses over 5 years is $33.8 million, with a median of $37.3 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: skyrocketed 80.8% in 2021, then dropped 7.02% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $30.5 million in 2021, then grew by 11.98% to $34.1 million in 2022, then rose by 10.71% to $37.8 million in 2023, then rose by 1.82% to $38.5 million in 2024, then increased by 12.85% to $43.4 million in 2025.
  • Per Business Quant, the three most recent readings for ARI's Operating Expenses are $43.4 million (Q4 2025), $37.5 million (Q3 2025), and $38.6 million (Q2 2025).