Apollo Commercial Real Estate Finance (ARI) Total Debt (2010 - 2026)
Apollo Commercial Real Estate Finance's Total Debt came in at $6.51 billion for Q1 2026, up 24.4% from $5.23 billion a year earlier and up 3.6% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) Total Debt (2010 - 2026) Analysis & Trends
At the end of FY2025, Apollo Commercial Real Estate Finance's Total Debt was $6.28 billion, up 30.1% from FY2024.
- Total Debt carries a five-year compound annual growth rate of 67.0% (FY2020 to FY2025).
- Going back by year, Total Debt was $4.82 billion in FY2024 (-13.1%), $5.55 billion in FY2023 (+4.7%), $5.3 billion in FY2022 (+27.8%) and $4.15 billion in FY2021 (+758.4%).
- The Q1 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2010.
- Year-over-year, Total Debt has increased for four consecutive quarters, with growth averaging 8.1% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q4 2021 (growth of 758.4%), and the weakest in Q4 2024 (a decline of 13.1%).
- Business Quant data shows ARI's Total Debt at $6.28 billion (Q4 2025), $5.91 billion (Q3 2025) and $6.22 billion (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 16.64 Bn |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 39.58 Bn |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 8.96 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 3.33 Bn |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 7.52 Bn |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 395.89 Mn |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 34.37 Bn |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Apollo Commercial Real Estate Finance | 801.33 Mn | -950.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 6.51 Bn |
| Dec 31, 2025 | 6.28 Bn |
| Sep 30, 2025 | 5.91 Bn |
| Jun 30, 2025 | 6.22 Bn |
| Mar 31, 2025 | 5.23 Bn |
| Dec 31, 2024 | 4.82 Bn |
| Sep 30, 2024 | 5.52 Bn |
| Jun 30, 2024 | 5.64 Bn |
| Mar 31, 2024 | 5.60 Bn |
| Dec 31, 2023 | 5.55 Bn |
| Sep 30, 2023 | 5.14 Bn |
| Jun 30, 2023 | 5.37 Bn |
| Mar 31, 2023 | 5.32 Bn |
| Dec 31, 2022 | 5.30 Bn |
| Sep 30, 2022 | 5.36 Bn |
| Jun 30, 2022 | 5.19 Bn |
| Mar 31, 2022 | 4.58 Bn |
| Dec 31, 2021 | 4.15 Bn |
| Sep 30, 2021 | 3.44 Bn |
| Jun 30, 2021 | 3.68 Bn |
API Access
Apollo Commercial Real Estate Finance Total Debt 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=total-debt&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();