Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 81M | 0.7% |
| Gross Profit | 63M | 185% |
| Cost of Revenue | 18M | 88.6% |
| Operating expense | 41M | 1.5% |
| Net Income | 36M | 134.2% |
| EBITDA | 177M | 277.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 9.27B | 0.5% |
| Total Liabilities | 7.28B | 1.4% |
| Total Equity | 2B | 2.5% |
| Shares Outstanding | 138M | 2.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 50M | 4.9% |
| Cash from investing | -49M | 70.7% |
| Cash from financing | 11M | 77.2% |
EPS
Financial Highlights for Apollo Commercial Real Estate Finance in Q2 '24
Apollo Commercial Real Estate Finance reported a revenue of 81M, which is a 0.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 63M, marking a 185% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 18M, a -88.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 41M, showing a -1.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 36M, showing a 134.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 177M, showing a 277.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Apollo Commercial Real Estate Finance with growth in revenue, gross profit, and net income.
