Apollo Comm Financials
This page shows Apollo Comm (ARI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Balance-sheet leverage, not operating scale, is the main earnings engine, with asset growth increasingly financed by debt.
Between the last two annual periods, net income flipped from-$119.6M to$126.7M while operating cash flow stayed positive in both years. That gap says reported profit is being moved more by non-cash balance-sheet marks than by cash collections, so cash flow is the cleaner read on how the portfolio is performing.
Debt-to-equity climbed from 3.5x to 4.3x, showing that the latest balance-sheet expansion leaned more heavily on borrowed funding than on retained capital. For a lender, that usually makes returns more sensitive to asset quality because the equity cushion is supporting a larger pool of assets.
Cash on hand fell to
Financial Health Signals
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.
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.
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
Earnings & Revenue
Apollo Comm generated $271.6M in revenue in fiscal year 2025. This represents a decrease of 10.6% from the prior year.
Apollo Comm reported $126.7M in net income in fiscal year 2025. This represents an increase of 205.9% from the prior year.
Apollo Comm earned $0.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 183.5% from the prior year.
Cash & Balance Sheet
Apollo Comm held $139.8M in cash against $0 in long-term debt as of fiscal year 2025.
Apollo Comm paid $1.00 per share in dividends in fiscal year 2025. This represents a decrease of 16.7% from the prior year.
Apollo Comm had 140M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
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.
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.
Capital Allocation
Apollo Comm spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
ARI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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-11.8% | $81.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $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+0.8% | $7.5M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $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+4.4% | $128.5M |
| Income Tax | $230K+270.4% | -$135K-157.7% | $234K+101.7% | $116K0.0% | $116K+1.8% | $114K+72.7% | $66K-34.0% | $100K |
| Net Income | $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-355.8% | $35.8M |
| EPS (Diluted) | $0.16 | N/A | $0.34+183.3% | $0.12-25.0% | $0.16 | N/A | $-0.69-400.0% | $0.23 |
ARI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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-1.9% | $9.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $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+11.2% | $174.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $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-0.6% | $7.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $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-6.4% | $2.0B |
| Retained Earnings | -$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-18.7% | -$695.1M |
ARI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $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-6.0% | $50.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$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+522.4% | -$48.9M |
| Financing Cash Flow | $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-2238.8% | $11.0M |
| Dividends Paid | $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-2.5% | $50.6M |
| Share Buybacks | $30.3M | $0 | $0 | $0 | $0-100.0% | $1K-100.0% | $2.9M | N/A |
ARI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 44.7%+4.9pp | 39.9%-42.6pp | 82.4%+53.2pp | 29.3%-10.2pp | 39.5%-18.2pp | 57.7%+185.6pp | -127.9%-172.0pp | 44.1% |
| Return on Equity | 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%-6.7pp | 1.8% |
| Return on Assets | 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%-1.4pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 4.57+0.2 | 4.33+0.2 | 4.11-0.2 | 4.32+0.6 | 3.72+0.2 | 3.49-0.4 | 3.87+0.2 | 3.64 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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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.
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 30 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.