# Apollo Commercial Real Estate Finance (ARI) — Earnings

ARI · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/ari/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q1 2026 |
| Period end | Mar 31, 2026 |
| EPS actual | $0.22 |
| EPS estimate | $0.27 |
| EPS surprise | −19.56% |
| Revenue surprise | −24.68% |
| Revenue | $58.6M |
| Revenue estimate | $77.9M |
| Reported | Apr 28, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1467760/000119312526187094/ari-20260331.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/format/adf989ae-c14b-f7b8-f9f2-3ef75668b32b.html) |

Apollo Commercial Real Estate Finance's latest results in the table are for Q1 2026, reported on April 28, 2026. EPS was $0.22, below the $0.27 estimate by 19.56%. Revenue was $58.6 million, 24.68% short of the $77.9 million estimate. Compared with Q1 2025, EPS fell from $0.24 and revenue fell about 11% from $65.8 million.

The table has gaps, with no rows for Q1 2023 or Q3 2025. Among the full years shown, EPS was $1.33 in 2021, $1.38 in 2022 and $0.43 in 2024. The 2024 total includes a loss of $0.59 per share in Q3 2024, the lowest quarter here; Q2 2023 was the only other loss, at $0.11. Outside those two quarters, EPS has ranged from $0.15 to $0.39. Quarterly revenue has moved irregularly, from a high of $84.2 million in Q4 2023 to a low of $43.1 million in Q2 2025. The company beat the EPS estimate 12 times over the 20 quarters shown.

Q2 results came out between July 26 and August 6 in each year shown, but the table has no Q2 2026 row yet. When added, it will show whether EPS stays near the $0.22 to $0.26 of recent quarters.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q1 2026 | Apr 28, 2026 | $0.27 | $0.22 | -19.56% | $77.9M | $58.6M |
| Q4 2025 | Feb 10, 2026 | $0.24 | $0.26 | 9.20% | $69.7M | $73.2M |
| Q2 2025 | Jul 29, 2025 | $0.25 | $0.26 | 3.83% | $64.2M | $43.1M |
| Q1 2025 | Apr 24, 2025 | $0.23 | $0.24 | 3.09% | $62.7M | $65.8M |
| Q4 2024 | Feb 10, 2025 | $0.23 | $0.32 | 36.69% | $70.8M | $70.5M |
| Q3 2024 | Oct 30, 2024 | $0.21 | −$0.59 | -379.75% | $70.2M | $71.6M |
| Q2 2024 | Aug 6, 2024 | $0.31 | $0.35 | 14.34% | $84.8M | $81.1M |
| Q1 2024 | Apr 29, 2024 | $0.32 | $0.35 | 10.90% | $79.5M | $83.3M |
| Q4 2023 | Feb 6, 2024 | $0.35 | $0.35 | 0.37% | $71.4M | $84.2M |
| Q3 2023 | Oct 30, 2023 | $0.35 | $0.37 | 5.53% | $73.2M | $60.2M |
| Q2 2023 | Jul 31, 2023 | $0.38 | −$0.11 | -128.82% | $79.3M | $63.0M |
| Q4 2022 | Feb 8, 2023 | $0.35 | $0.31 | -10.25% | $74.0M | $69.2M |
| Q3 2022 | Oct 24, 2022 | $0.35 | $0.37 | 5.65% | $69.5M | $61.9M |
| Q2 2022 | Jul 26, 2022 | $0.33 | $0.35 | 6.90% | $65.7M | $76.0M |
| Q1 2022 | Apr 25, 2022 | $0.33 | $0.35 | 7.56% | $66.4M | $55.1M |
| Q4 2021 | Feb 8, 2022 | $0.32 | $0.32 | -1.20% | $65.0M | $64.0M |
| Q3 2021 | Oct 25, 2021 | $0.36 | $0.35 | -2.75% | $70.5M | $60.7M |
| Q2 2021 | Jul 26, 2021 | $0.37 | $0.27 | -26.19% | $70.5M | $75.2M |
| Q1 2021 | Apr 22, 2021 | $0.32 | $0.39 | 20.07% | $67.8M | $71.2M |
| Q4 2020 | Feb 10, 2021 | $0.32 | $0.15 | -52.87% | $68.4M | $64.7M |

## Frequently Asked Questions

### When did Apollo Commercial Real Estate Finance (ARI) last report earnings?

Apollo Commercial Real Estate Finance last reported on Apr 28, 2026, covering fiscal Q1 2026.

### Did ARI beat earnings estimates?

No. Apollo Commercial Real Estate Finance reported EPS of $0.22 for Q1 2026 against a $0.27 estimate — a 19.56% miss.

### How much revenue did ARI report last quarter?

Apollo Commercial Real Estate Finance reported $58.6M in revenue for Q1 2026, against a consensus estimate of $77.9M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).