Apollo Commercial Real Estate Finance annual net debt
2012
2022
2023
2024
2025
Apollo Commercial Real Estate Finance Net Debt Growth & History (ARI)
Apollo Commercial Real Estate Finance's net debt was $7.78B for fiscal 2025.
View full Apollo Commercial Real Estate Finance company overviewApollo Commercial Real Estate Finance annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.78B | $1.71B | +28.08% |
| 2024 | 2024-12-31 | $6.07B | −$656.6M | −9.76% |
| 2023 | 2023-12-31 | $6.73B | −$18.9M | −0.28% |
| 2022 | 2022-12-31 | $6.75B | — | — |
| 2012 | 2012-12-31 | $116.5M | — | — |
Apollo Commercial Real Estate Finance quarterly net debt
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q1.21
Q2.21
Q3.21
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$868.1M | −$8.51B | — |
| Q1 2026 | 2026-03-31 | $8.03B | $1.38B | +20.79% |
| Q4 2025 | 2025-12-31 | $7.78B | — | — |
| Q3 2025 | 2025-09-30 | $7.28B | — | — |
| Q2 2025 | 2025-06-30 | $7.64B | — | — |
| Q1 2025 | 2025-03-31 | $6.65B | — | — |
| Q3 2021 | 2021-09-30 | $530.0M | — | — |
| Q2 2021 | 2021-06-30 | $570.0M | — | — |
| Q1 2021 | 2021-03-31 | $481.9M | — | — |
| Q3 2013 | 2013-09-30 | $140.3M | −$34.6M | −19.79% |
| Q2 2013 | 2013-06-30 | $34.5M | −$304.2M | −89.81% |
| Q1 2013 | 2013-03-31 | −$13.8M | — | — |
| Q4 2012 | 2012-12-31 | $116.5M | — | — |
| Q3 2012 | 2012-09-30 | $175.0M | — | — |
| Q2 2012 | 2012-06-30 | $338.7M | — | — |
Apollo Commercial Real Estate Finance net debt trends
Between the periods ended 2012-12-31 and 2025-12-31, Apollo Commercial Real Estate Finance's net debt increased from $116.5M to $7.78B, a change of $7.66B. The latest reported quarter, Q2 2026, shows −$868.1M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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