Apollo Commercial Real Estate Finance, Inc. income statement
In fiscal 2025, Apollo Commercial Real Estate Finance, Inc. reported revenue of $272m, down 10.6% on the year before and net income of $127m, or $0.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 334 | 279 | 285 | 304 | 345 | 304 | 272 | 238 |
| General and administrative | 24 | 27 | 29 | 30 | 30 | 30 | 27 | 26 |
| Interest expense | 153 | 149 | 163 | 271 | 466 | — | — | — |
| Net interest income | 334 | 279 | 266 | 242 | 252 | 199 | 167 | 128 |
| Provision for credit losses | 20 | 126 | −35 | −18 | 59 | 156 | 3 | −386 |
| Income before tax | — | — | 224 | 265 | 59 | −119 | 127 | 132 |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 230 | 18 | 224 | 265 | 58 | −120 | 127 | 132 |
| Diluted EPS | $1.40 | $0.01 | $1.46 | $1.68 | $0.29 | −$0.97 | $0.81 | $0.96 |
| Diluted shares (average) | 176m | 148m | 168m | 166m | 141m | 140m | 139m | 137m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 70 | 66 | 71 | 62 | 73 | 59 | 44 |
| General and administrative | 8 | 7 | 7 | 7 | 7 | 8 | 6 | 6 |
| Net interest income | 47 | 44 | 39 | 43 | 40 | 44 | 36 | 8 |
| Provision for credit losses | −1 | −1 | 4 | 3 | −6 | 2 | −3 | −379 |
| Income before tax | −91 | 41 | 26 | 21 | 51 | 29 | 26 | 26 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −92 | 41 | 26 | 21 | 51 | 29 | 26 | 26 |
| Diluted EPS | −$0.69 | $0.26 | $0.16 | $0.12 | $0.34 | $0.19 | $0.16 | $0.11 |
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