14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $55M | -$902000 | 0.0% | 0.0% | — | $948M | $29M |
| 2024 | $70M | -$35M | 0.0% | 0.0% | — | $718M | $64M |
| 2023 | $93M | -$39M | 0.0% | 0.0% | — | $895M | $110M |
| 2022 | $107M | $30M | 0.0% | 0.0% | — | $960M | $141M |
| 2021 | $102M | $60M | 0.0% | 0.0% | — | $1.0B | $51M |
| 2020 | $83M | $22M | 0.0% | 0.0% | — | $929M | $75M |
| 2019 | $77M | $37M | 0.0% | 0.0% | — | $895M | $5M |
| 2018 | $55M | $39M | 0.0% | 0.0% | — | $888M | $11M |
| 2017 | $46M | $30M | 0.0% | 0.0% | — | $1.1B | $28M |
| 2016 | $45M | $45M | 0.0% | 0.0% | — | $936M | $47M |
| 2015 | $50M | $43M | 0.0% | 0.0% | — | $623M | $5M |
| 2014 | $38M | $25M | 0.0% | 0.0% | — | $815M | $15M |
| 2013 | $23M | $14M | 0.0% | 0.0% | — | $333M | $14M |
| 2012 | $7M | $186000 | 0.0% | 0.0% | — | — | $23M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $13M | -$10M | 0.0% | 0.0% | — | — | $86M |
| Dec '25 | $13M | -$4M | 0.0% | 0.0% | — | $948M | $29M |
| Sep '25 | $14M | $5M | 0.0% | 0.0% | — | — | $85M |
| Jun '25 | $13M | -$11M | 0.0% | 0.0% | — | — | $90M |
| Mar '25 | $15M | $9M | 0.0% | 0.0% | — | — | $125M |
| Dec '24 | $18M | -$11M | 0.0% | 0.0% | — | $718M | $64M |
| Sep '24 | $17M | -$6M | 0.0% | 0.0% | — | — | $69M |
| Jun '24 | $17M | -$6M | 0.0% | 0.0% | — | — | $71M |
| Mar '24 | $19M | -$12M | 0.0% | 0.0% | — | — | $100M |
| Dec '23 | $18M | -$39M | 0.0% | 0.0% | — | $895M | $110M |
| Sep '23 | $24M | $9M | 0.0% | 0.0% | — | — | $61M |
| Jun '23 | $25M | -$2M | 0.0% | 0.0% | — | — | $143M |
| Mar '23 | $27M | -$6M | 0.0% | 0.0% | — | — | $154M |
| Dec '22 | $30M | $3M | 0.0% | 0.0% | — | $960M | $141M |
| Sep '22 | $27M | $644000 | 0.0% | 0.0% | — | — | $77M |
| Jun '22 | $25M | $10M | 0.0% | 0.0% | — | — | $26M |
| Mar '22 | $24M | $16M | 0.0% | 0.0% | — | — | $14M |
| Dec '21 | $30M | $17M | 0.0% | 0.0% | — | $1.0B | $51M |
| Sep '21 | $27M | $10M | 0.0% | 0.0% | — | — | $16M |
| Jun '21 | $24M | $18M | 0.0% | 0.0% | — | — | $76M |
How the market has priced ACRE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Ares Commercial Real Estate Corp's revenue has declined 7.9% per year. These are computed facts, not advice.
As of FY2025, Ares Commercial Real Estate Corp reported $948M of total debt against $29M of cash.
In FY2025, gross margin was —, operating margin —, and net margin -1.6%.
As of Jun '26, Ares Commercial Real Estate Corp traded at a price-to-earnings ratio of about 19.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.