What is Apollo Comm's earnings per share (EPS)?

Apollo Comm (ARI) reported diluted earnings per share of $0.81 for fiscal year 2025. This represents a 183.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Apollo Comm Financials

ARI

Trailing 12 months to June 30, 2026

Revenue $237.9M -14.7% YoY

Net Income $132.0M +3267.7% YoY

EPS (Diluted) $0.80 +633.3% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Apollo Comm (ARI) reported $237.9M in revenue over the twelve months to Jun 30, 2026, down 14.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ARI FY2025 2026-08-29

Rising leverage makes the earnings recovery less informative than cash generation and capital flows in this commercial real-estate finance model.

FY2025 net income moved from -$119.6M in FY2024 to $126.7M, a sharp accounting recovery after the prior-year loss. Yet operating cash flow fell from $200.3M to $142.5M, so cash conversion weakened even as reported earnings recovered.

Debt-to-equity reached 4.3x in FY2025, up from 3.5x in FY2024, placing the earnings rebound on a more debt-heavy equity base. Liabilities of $8.0B against equity of $1.9B show that the platform is financed primarily by creditors, not shareholders.

FY2025 distributions of $141.3M exceeded net income of $126.7M, so dividends were not funded solely by current-year earnings. A -$1.4B investing cash flow alongside $1.1B of financing inflow shows that investment activity and funding decisions dominate annual cash movements.

Financial Health Signals

Financial Health Score 33/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Apollo Comm's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Not available for Apollo Comm, and counted as zero in the overall score.

Interest Cov.

Not available for Apollo Comm, and counted as zero in the overall score.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

4/6

Apollo Comm passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, Apollo Comm generates $1.12 in operating cash flow ($142.5M OCF vs $126.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$271.6M

YoY-10.6%

5Y CAGR-0.5%

Apollo Comm generated $271.6M in revenue in fiscal year 2025. This represents a decrease of 10.6% from the prior year.

Net Income

$126.7M

YoY+205.9%

5Y CAGR+47.1%

10Y CAGR+2.1%

Apollo Comm reported $126.7M in net income in fiscal year 2025. This represents an increase of 205.9% from the prior year.

EPS (Diluted)

$0.81

YoY+183.5%

Apollo Comm earned $0.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 183.5% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$139.8M

YoY-55.9%

5Y CAGR-15.5%

10Y CAGR+7.6%

Apollo Comm held $139.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

$1.00

YoY-16.7%

Apollo Comm paid $1.00 per share in dividends in fiscal year 2025. This represents a decrease of 16.7% from the prior year.

Shares Outstanding

140M

YoY+0.5%

Apollo Comm had 140M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

46.7%

YoY+86.1pp

5Y CAGR+40.1pp

Apollo Comm's net profit margin was 46.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 86.1 percentage points from the prior year.

Return on Equity

6.8%

YoY+13.2pp

5Y CAGR+6.0pp

10Y CAGR-0.7pp

Apollo Comm's ROE was 6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.2 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

YoY-100.0%

Apollo Comm repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

ARI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ARI quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$237.9M	$271.6M-10.6%	$303.7M-11.9%	$344.6M+13.5%	$303.6M+6.7%	$284.5M+2.1%	$278.7M-16.7%	$334.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$26.0M	$27.4M-7.6%	$29.6M+0.4%	$29.5M-0.5%	$29.7M+2.8%	$28.8M+7.4%	$26.8M+11.4%	$24.1M+17.7%	$20.5M-1.2%	$20.7M-17.0%	$25.0M+163.2%	$9.5M+54.3%	$6.2M-18.7%	$7.6M-11.5%	$8.5M+51.2%	$5.7M
Interest Expense	$378.4M	$460.1M-8.7%	$503.9M+8.1%	$466.1M+72.3%	$270.5M+66.5%	$162.5M+9.2%	$148.9M-2.6%	$152.9M+33.4%	$114.6M+46.8%	$78.1M+22.4%	$63.8M+30.5%	$48.9M+84.1%	$26.5M+509.3%	$4.4M-48.2%	$8.4M-41.9%	$14.5M
Income Tax	$356K	$331K-16.0%	$394K-10.9%	$442K	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$132.0M	$126.7M+205.9%	-$119.6M-305.8%	$58.1M-78.1%	$265.2M+18.7%	$223.5M+1116.3%	$18.4M-92.0%	$230.2M+4.6%	$220.0M+14.0%	$193.0M+22.3%	$157.9M+52.9%	$103.3M+24.8%	$82.7M+57.6%	$52.5M+30.6%	$40.2M+55.2%	$25.9M
EPS (Diluted)	$0.80	$0.81+183.5%	-$0.97	$0.29-82.7%	$1.68+15.1%	$1.46	$0.01	$1.40-5.4%	$1.48-3.9%	$1.54-11.5%	$1.74	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$44.4M-24.3%	$58.6M-20.0%	$73.3M+18.9%	$61.6M-13.1%	$70.9M+7.7%	$65.8M-6.6%	$70.5M-1.6%	$71.6M
SG&A Expenses	$5.8M-2.4%	$6.0M-21.1%	$7.5M+13.5%	$6.7M+1.4%	$6.6M-1.4%	$6.7M-8.1%	$7.2M-4.1%	$7.5M
Interest Expense	$33.6M-70.5%	$113.9M-1.4%	$115.5M+0.1%	$115.4M-7.1%	$124.2M+18.2%	$105.1M-7.4%	$113.5M-15.4%	$134.1M
Income Tax	$27K-88.3%	$230K+270.4%	-$135K-157.7%	$234K+101.7%	$116K0.0%	$116K+1.8%	$114K+72.7%	$66K
Net Income	$25.8M-1.7%	$26.2M-10.2%	$29.2M-42.5%	$50.8M+144.9%	$20.7M-20.2%	$26.0M-36.1%	$40.7M+144.4%	-$91.5M
EPS (Diluted)	$0.11-31.3%	$0.16-15.8%	$0.19-44.1%	$0.34+183.3%	$0.12-25.0%	$0.16-38.5%	$0.26+137.7%	-$0.69

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

ARI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ARI quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$9.9B+17.7%	$8.4B-9.5%	$9.3B-2.8%	$9.6B+13.7%	$8.4B+21.3%	$6.9B+0.7%	$6.9B+35.2%	$5.1B+24.6%	$4.1B+17.4%	$3.5B+28.4%	$2.7B+47.0%	$1.8B+103.3%	$907.5M+15.1%	$788.4M-11.5%	$891.2M
Cash & Equivalents	$139.8M-55.9%	$317.4M+40.8%	$225.4M+1.5%	$222.0M-35.3%	$343.1M+5.4%	$325.5M-28.0%	$452.3M+311.9%	$109.8M+41.4%	$77.7M-61.4%	$201.0M+198.1%	$67.4M+65.9%	$40.6M+102.2%	$20.1M-81.5%	$108.6M+403.6%	$21.6M
Total Liabilities	$8.0B+23.1%	$6.5B-7.8%	$7.1B-1.7%	$7.2B+17.8%	$6.1B+31.1%	$4.7B+9.7%	$4.3B+64.7%	$2.6B+29.3%	$2.0B+29.0%	$1.6B+16.0%	$1.3B+35.1%	$990.1M+340.9%	$224.5M-7.0%	$241.5M-56.4%	$554.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$225.2M	N/A
Total Equity	$1.9B-1.0%	$1.9B-15.1%	$2.2B-6.2%	$2.4B+2.6%	$2.3B+1.1%	$2.3B-13.7%	$2.6B+4.8%	$2.5B+20.2%	$2.1B+8.1%	$1.9B+40.5%	$1.4B+60.9%	$855.1M+25.2%	$683.0M+24.9%	$546.9M+62.3%	$337.0M
Retained Earnings	-$849.7M-3.3%	-$822.7M-58.1%	-$520.2M-43.0%	-$363.9M+15.0%	-$427.9M+2.5%	-$438.7M-122.8%	-$196.9M-51.3%	-$130.2M-56.6%	-$83.1M-73.0%	-$48.1M-48.7%	-$32.3M-208.3%	-$10.5M+26.1%	-$14.2M-2571.8%	$574K	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.1B-78.8%	$10.1B+1.9%	$9.9B+4.0%	$9.5B-3.0%	$9.8B+11.8%	$8.8B+4.4%	$8.4B-7.5%	$9.1B
Cash & Equivalents	$1.2B+877.1%	$126.8M-9.3%	$139.8M-43.1%	$245.9M+38.4%	$177.6M+6.7%	$166.4M-47.6%	$317.4M+63.4%	$194.3M
Total Liabilities	$881.4M-89.3%	$8.3B+2.9%	$8.0B+5.1%	$7.7B-3.9%	$8.0B+15.1%	$6.9B+5.9%	$6.5B-9.6%	$7.2B
Total Equity	$1.3B-30.7%	$1.8B-2.4%	$1.9B-0.3%	$1.9B+0.9%	$1.8B-0.8%	$1.9B-0.7%	$1.9B+0.3%	$1.9B
Retained Earnings	-$1.3B-54.2%	-$861.3M-1.4%	-$849.7M-1.1%	-$840.2M+1.5%	-$852.6M-2.1%	-$835.0M-1.5%	-$822.7M+0.3%	-$824.8M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.

ARI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ARI quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$86.5M	$142.5M-28.8%	$200.3M-26.9%	$273.9M+2.3%	$267.7M+34.3%	$199.4M+21.5%	$164.1M-40.0%	$273.4M+2.8%	$266.0M+71.7%	$154.9M+25.0%	$123.9M+40.6%	$88.1M+31.5%	$67.0M+45.8%	$46.0M+14.7%	$40.1M+13.1%	$35.5M
Investing Cash Flow	$8.8B	-$1.4B-340.4%	$577.2M+743.6%	$68.4M+105.1%	-$1.3B+1.3%	-$1.4B-529.0%	-$215.7M+85.0%	-$1.4B-43.7%	-$998.9M-38.6%	-$720.7M-167.6%	$1.1B+234.9%	-$790.9M+10.8%	-$886.7M-434.7%	-$165.8M-185.9%	$192.9M+416.9%	-$60.9M
Financing Cash Flow	-$7.8B	$1.1B+254.5%	-$689.3M-100.8%	-$343.4M-135.8%	$958.0M-18.5%	$1.2B+1664.5%	-$75.1M-105.0%	$1.5B+96.6%	$765.1M+101.3%	$380.1M+137.1%	-$1.0B-240.4%	$729.5M-13.2%	$840.2M+2583.2%	$31.3M+121.4%	-$146.0M-1704.9%	$9.1M
Dividends Paid	$140.9M	$141.3M-24.0%	$185.9M-8.0%	$202.0M+0.7%	$200.6M+0.5%	$199.6M-16.0%	$237.8M-11.7%	$269.2M+18.5%	$227.2M+23.6%	$183.9M+39.1%	$132.2M+31.1%	$100.8M+48.7%	$67.8M+22.2%	$55.5M+63.7%	$33.9M+15.2%	$29.4M
Share Buybacks	$123.5M	$0-100.0%	$40.8M	$0	$0	$0-100.0%	$128.0M	$0	$0	$0	$0-100.0%	$1.7M	$0	$0	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$33.9M+170.1%	$12.6M+52.4%	$8.2M-74.0%	$31.7M-49.8%	$63.2M+60.8%	$39.3M-21.3%	$49.9M+5.7%	$47.2M
Investing Cash Flow	$9.1B+4125.1%	-$226.7M+49.2%	-$446.0M-242.0%	$314.1M+139.4%	-$797.7M-74.3%	-$457.7M-178.1%	$586.3M+184.0%	$206.4M
Financing Cash Flow	-$8.0B-4108.2%	$200.8M-39.7%	$333.0M+219.4%	-$278.9M-137.5%	$744.5M+179.5%	$266.3M+151.9%	-$513.5M-118.4%	-$235.1M
Dividends Paid	$34.8M-2.4%	$35.6M-0.7%	$35.8M+3.2%	$34.7M-1.5%	$35.3M-0.4%	$35.4M+0.7%	$35.2M-28.7%	$49.3M
Share Buybacks	$93.2M+207.9%	$30.3M	$0	$0	$0	$0-100.0%	$1K-100.0%	$2.9M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

ARI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ARI quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Net Margin	46.7%+86.1pp	-39.4%-56.3pp	16.9%-70.5pp	87.4%+8.8pp	78.6%+72.0pp	6.6%-62.2pp	68.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	6.8%+13.2pp	-6.4%-9.0pp	2.6%-8.6pp	11.3%+1.5pp	9.7%+8.9pp	0.8%-7.9pp	8.8%0.0pp	8.8%-0.5pp	9.2%+1.1pp	8.2%+0.7pp	7.5%-2.2pp	9.7%+2.0pp	7.7%+0.3pp	7.3%-0.3pp	7.7%
Return on Assets	1.3%+2.7pp	-1.4%-2.1pp	0.6%-2.1pp	2.8%+0.1pp	2.7%+2.4pp	0.3%-3.1pp	3.3%-1.0pp	4.3%-0.4pp	4.7%+0.2pp	4.5%+0.7pp	3.8%-0.7pp	4.5%-1.3pp	5.8%+0.7pp	5.1%+2.2pp	2.9%
Debt-to-Equity	4.33+0.8x	3.49+0.3x	3.21+0.1x	3.06+0.4x	2.67+0.6x	2.06+0.4x	1.62+0.6x	1.03+0.1x	0.96+0.2x	0.80-0.2x	0.97-0.2x	1.16+0.8x	0.33-0.1x	0.41-1.2x	1.64

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	58.1%+13.4pp	44.7%+4.9pp	39.9%-42.6pp	82.4%+53.2pp	29.3%-10.2pp	39.5%-18.2pp	57.7%	-127.9%
Return on Equity	2.1%+0.6pp	1.5%-0.1pp	1.6%-1.2pp	2.7%+1.6pp	1.1%-0.3pp	1.4%-0.8pp	2.2%+7.1pp	-4.9%
Return on Assets	1.2%+0.9pp	0.3%0.0pp	0.3%-0.2pp	0.5%+0.3pp	0.2%-0.1pp	0.3%-0.2pp	0.5%+1.5pp	-1.0%
Debt-to-Equity	0.70-3.9x	4.57+0.2x	4.33+0.2x	4.11-0.2x	4.32+0.6x	3.72+0.2x	3.49-0.4x	3.87

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

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Where Apollo Comm Ranks

Frequently Asked Questions

What is Apollo Comm's annual revenue?

Apollo Comm (ARI) reported $271.6M in total revenue for fiscal year 2025. This represents a -10.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Apollo Comm's revenue growing?

Apollo Comm (ARI) revenue declined by 10.6% year-over-year, from $303.7M to $271.6M in fiscal year 2025.

Is Apollo Comm profitable?

Yes, Apollo Comm (ARI) reported a net income of $126.7M in fiscal year 2025, with a net profit margin of 46.7%.

What is Apollo Comm's net profit margin?

Apollo Comm (ARI) had a net profit margin of 46.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Apollo Comm pay dividends?

Yes, Apollo Comm (ARI) paid $1.00 per share in dividends during fiscal year 2025.

What is Apollo Comm's return on equity (ROE)?

Apollo Comm (ARI) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Apollo Comm's operating cash flow?

Apollo Comm (ARI) generated $142.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Apollo Comm's total assets?

Apollo Comm (ARI) had $9.9B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Apollo Comm have outstanding?

Apollo Comm (ARI) had 140M shares outstanding as of fiscal year 2025.

What is Apollo Comm's debt-to-equity ratio?

Apollo Comm (ARI) had a debt-to-equity ratio of 4.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Apollo Comm's return on assets (ROA)?

Apollo Comm (ARI) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Apollo Comm's Piotroski F-Score?

Apollo Comm (ARI) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Apollo Comm's earnings high quality?

Apollo Comm (ARI) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Apollo Comm?

Apollo Comm (ARI) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.