Ares Commercial Real Estate Corporation (ACRE) — Financial statements
Income statement, balance sheet, and cash flow for Ares Commercial Real Estate Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 85↓2.8% | 88↑7874.8% | 1↓99.0% | 109↑6.8% | 102 | |
| Cost of Revenue | 36 | 0.00 | 0.00 | 0.00↓100.0% | 19 | |
| Gross Profit | 49↓44.2% | 88↑7874.8% | 1↓99.0% | 109↑30.6% | 84 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.00 | |
| General & Administrative Expenses | 10↓51.6% | 20↓8.1% | 22↑116.3% | 10↑31.1% | 8 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 5↑18.7% | 4 | 0.00 | 0.00 | |
| SG&A Expenses | 10↓60.8% | 25↓4.0% | 26↑155.6% | 10↑31.1% | 8 | |
| Other Expenses | -23 | 0.00 | 0.00↓100.0% | 99↑303.3% | -49 | |
| Operating Expenses | -13↓151.4% | 25↓4.0% | 26↓76.2% | 109↑366.7% | -41 | |
| Total Costs & Expenses | 24↓5.6% | 25↓4.0% | 26↓76.2% | 109↑366.7% | -41 | |
| Operating Results | ||||||
| Operating Income | 62↓1.7% | 63↑352.4% | -25 | 0.00↓100.0% | 61 | |
| Depreciation & Amortization | 8 | 0.00 | 0.00 | 0.00↓100.0% | 39 | |
| EBITDA | 70 | 0.00 | 0.00 | 0.00↓100.0% | 61 | |
| EBIT | 62 | 0.00 | 0.00 | 0.00↓100.0% | 115 | |
| Interest & Other Income | ||||||
| Net Interest Income | 32↓37.3% | 52↓41.8% | 89↓14.6% | 104↑24.7% | 84 | |
| Interest Income | 98↓38.1% | 158↓23.5% | 206↑21.1% | 170↑27.3% | 134 | |
| Interest Expense | 65↓38.5% | 106↓9.6% | 117↑77.6% | 66↑31.8% | 50 | |
| Non-Operating Income | 0.00↓100.0% | 63↑352.4% | -25 | 0.00↑100.0% | -35 | |
| Other Income / Expenses | -62↑36.2% | -98↓598.3% | -14↓146.3% | 30↑263.1% | -19 | |
| Income Before Tax | -0.62↓101.8% | 35↓10.0% | 39↑28.6% | 30↓50.5% | 61 | |
| Income Tax Expense | 0.29↑1483.3% | 0.02↓53.8% | 0.04↓91.7% | 0.47↓34.6% | 0.72 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -0.90↑97.4% | -35↑10.0% | -39↓230.5% | 30↓50.7% | 60 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -0.90↑97.4% | -35↑10.0% | -39↓230.5% | 30↓50.7% | 60 | |
| Bottom-Line Net Income | -0.90↑97.4% | -35↑10.0% | -39↓230.5% | 30↓50.7% | 60 | |
| EPS (Basic) | -0.02↑97.4% | -0.64↑11.1% | -0.72↓224.1% | 0.58↓59.4% | 1.43 | |
| EPS (Diluted) | -0.02↑97.4% | -0.64↑11.1% | -0.72↓226.3% | 0.57↓59.9% | 1.42 | |
| Weighted Average Shares | 55↑0.8% | 54↑0.3% | 54↑5.0% | 52↑21.9% | 42 | |
| Weighted Average Diluted Shares | 55↑0.8% | 54↑0.3% | 54↑4.1% | 52↑22.1% | 43 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.