ARES COMMERCIAL REAL ESTATE CORPORATION
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.4M | $-9.6M | $-3.9M | $4.7M | $-11.0M | $9.3M | $-10.7M | $-5.9M |
| Depreciation & Amortization | $749.0K | $741.0K | $2.0M | $2.0M | $2.3M | $2.2M | $2.2M | $967.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $882.0K | $897.0K | $892.0K | $1.0M | $937.0K | $1.1M | $1.1M | $1.2M |
| Net Cash from Operating Activities | $63.5M | $-56.6M | $4.6M | $3.8M | $4.9M | $8.0M | $7.1M | $8.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-121.5M | $-89.8M | $-290.1M | $113.2M | $26.3M | $298.7M | $172.7M | $121.5M |
| Financing Activities | ||||||||
| Dividends Paid | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $13.9M | $13.8M | $13.8M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-17.8M | $213.6M | $228.7M | $-87.3M | $-66.1M | $-244.0M | $-185.8M | $-128.3M |
| Net Change in Cash | $-75.8M | $67.2M | $-56.7M | $29.7M | $-34.9M | $62.8M | $-6.1M | $1.7M |
| Free Cash Flow | — | — | — | — | — | — | — | — |