Apollo Commercial Real Estate Finance, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $271.6M | $303.7M | $344.6M | $303.6M | $284.5M |
| Operating expenses | $158.0M | $159.1M | $148.5M | $121.2M | $89.6M |
| Interest expense | — | — | $466.1M | $270.5M | $162.5M |
| Pretax income | $127.1M | -$119.2M | $58.6M | $265.2M | $223.5M |
| Income tax expense | $331,000 | $394,000 | $442,000 | $0 | $0 |
| Net income | $126.7M | -$119.6M | $58.1M | $265.2M | $223.5M |
| Balance Sheet | |||||
| Cash and equivalents | $139.8M | $317.4M | $225.4M | $222.0M | $343.1M |
| Total assets | $9.9B | $8.4B | $9.3B | $9.6B | $8.4B |
| Total liabilities | $8.0B | $6.5B | $7.1B | $7.2B | $6.1B |
| Stockholders' equity | $1.9B | $1.9B | $2.2B | $2.4B | $2.3B |
| Cash Flow Statement | |||||
| Cash from operations | $142.5M | $200.3M | $273.9M | $267.7M | $199.4M |
| Depreciation and amortization | $11.2M | $11.7M | $8.2M | $704,000 | $2.6M |
| Stock-based compensation | $13.6M | $16.5M | $17.4M | $18.3M | $17.6M |
| Dividends paid | $141.3M | $185.9M | $202.0M | $200.6M | $199.6M |
| Share repurchases | $0 | $40.8M | $0 | $0 | $0 |
Shares outstanding 132.8M · Free float 89.0%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.