Financials in USD. Standardized financial statements.
A compact view of how Ares Commercial Real Estate Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $85.35M | $87.80M | $1.10M | $109.05M | $102.07M | $78.69M | $77.26M | $55.28M | $46.35M | $45.11M |
| Revenue Growth? | -2.8% | +7874.8% | -99.0% | +6.8% | +29.7% | +1.8% | +39.8% | +19.3% | +2.8% | 0.0% |
| Cost of Revenue? | $36.40M | $0 | $0 | $0 | $18.56M | $0 | $0 | $7.42M | $6.57M | $6.12M |
| Gross Profit? | $48.95M | $87.80M | $1.10M | $109.05M | $83.51M | $78.69M | $77.26M | $47.86M | $39.78M | $38.98M |
| Gross Margin? | +57.4% | +100.0% | +100.0% | +100.0% | +81.8% | +100.0% | +100.0% | +86.6% | +85.8% | +86.4% |
| Operating Expenses? | -$12.83M | $24.97M | $26.00M | $109.05M | -$40.89M | $78.69M | $77.26M | $6.88M | $6.73M | $6.24M |
| Operating Income? | $61.78M | $62.84M | -$24.89M | $0 | $61.18M | $0 | $0 | $102.04M | $30.43M | $30.45M |
| EBITDA? | $70.19M | $0 | $0 | $0 | $61.18M | $0 | $0 | $102.04M | $81.78M | $81.96M |
| Income Before Tax | -$617,000 | $35.01M | $38.91M | $30.26M | $61.18M | $22.19M | $37.51M | $39.04M | $30.61M | $30.68M |
| Income Tax Expense | $285,000 | $18,000 | $39,000 | $472,000 | $722,000 | $352,000 | $515,000 | $446,000 | $178,000 | $230,000 |
| Net Income? | -$902,000 | -$34.99M | -$38.87M | $29.79M | $60.46M | $21.84M | $36.99M | $38.60M | $30.41M | $40.34M |
| EPS? | $-0.02 | $-0.64 | $-0.72 | $0.58 | $1.43 | $0.66 | $1.29 | $1.35 | $1.07 | $1.42 |
| Diluted EPS? | $-0.02 | $-0.64 | $-0.72 | $0.57 | $1.42 | $0.66 | $1.28 | $1.35 | $1.07 | $1.41 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality