Apollo Commercial Real Estate Finance Quarterly Cash Flow Statement
NYSE: ARIReal EstateREIT - MortgageUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Apollo Commercial Real Estate Finance free cash flow
In the quarter ended Jun 30, 2026, Apollo Commercial Real Estate Finance generated $33.9 million of operating cash flow and spent $9.4 million on capital expenditures. That left free cash flow of $24.5 million, a free-cash-flow margin of 55.3% of revenue. Free cash flow was down 20.1% from the prior year's $30.7 million.
Apollo Commercial Real Estate Finance returned $128.0 million to shareholders: $34.8 million in dividends and $93.2 million in share repurchases, equal to 521% of free cash flow. Free cash flow covered dividend payments 0.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Apollo Commercial Real Estate Finance cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 25.78M | 26.23M | 29.20M | 50.79M | 20.74M | 25.99M | 40.65M | -91.55M | 35.78M | -104.52M | 46.54M | 46.07M |
| Net Income growth (YoY) | +24.30% | +0.91% | -28.17% | — | -42.05% | — | -12.65% | -298.71% | — | -313.68% | — | -74.83% |
| Depreciation & Amortization | 4.63M | 3.98M | 3.40M | 2.78M | 2.53M | 2.46M | 2.38M | 2.34M | 2.29M | 4.66M | 1.04M | 1.02M |
| Stock-Based Compensation | 3.05M | 3.05M | 3.38M | 3.42M | 3.40M | 3.43M | 3.96M | 4.17M | 4.16M | 4.19M | 4.35M | 4.36M |
| Change in Working Capital | 40.06M | 37.06M | -15.24M | 9.15M | -9.71M | -4.26M | 29.63M | -13.18M | 11.07M | -12.57M | -11.28M | 5.07M |
| Operating Cash Flow | 33.92M | 12.56M | 8.24M | 31.74M | 63.23M | 39.32M | 49.93M | 47.24M | 50.25M | 52.84M | 30.84M | 83.44M |
| Capital Expenditures | -9.38M | -12.83M | -18.36M | -24.49M | -32.50M | -24.87M | -46.23M | -44.94M | -40.44M | -37.90M | -25.44M | -17.75M |
| Investing Cash Flow | 9.13B | -226.73M | -446.00M | 314.15M | -797.70M | -457.70M | 586.30M | 206.41M | -48.86M | -166.67M | -156.87M | 115.23M |
| Dividends Paid | -34.75M | -35.60M | -35.85M | -34.74M | -35.28M | -35.42M | -35.16M | -49.33M | -50.62M | -50.84M | -50.46M | -50.47M |
| Share Repurchases | -93.24M | -30.28M | 0 | 0 | 0 | 0 | -1.00K | -2.89M | — | — | 0 | 0 |
| Debt Repaid | -73.70M | -1.88M | -1.88M | -1.88M | -9.25M | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M |
| Financing Cash Flow | -8.05B | 200.81M | 333.05M | -278.89M | 744.47M | 266.34M | -513.48M | -235.15M | 10.99M | 48.32M | 42.76M | -197.82M |
| Net Change in Cash | 1.11B | -13.37M | -104.71M | 66.99M | 9.99M | -152.05M | 122.75M | 18.50M | 12.38M | -65.51M | -83.26M | 847.00K |
| Free Cash Flow | 24.54M | -271.00K | -10.12M | 7.25M | 30.73M | 14.45M | 3.70M | 2.30M | 9.81M | 14.94M | 5.40M | 65.68M |
This table shows 12 quarterly periods of Apollo Commercial Real Estate Finance's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ARI's reporting calendar. What is a cash flow statement?