ARBOR REALTY TRUST INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ARBOR REALTY TRUST INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	14.9	11	10.1
Selling, general and administrative	17.6	30.7	37.1	40.3	37.3	45.6	54	51.3	54.9	59.8
Operating expenses	111	150	169	182	270	198	257	316	334	373
Operating income	43.6	111	158	170	237	424	371	428	297	177
Interest expense	63.6	90.1	154	186	169	212	558	903
Interest income	2.54					13.2	18.6	13.6	15.9	14.2
Income tax	0.83	13.4	9.73	15	40.4	46.3	17.5	27.3	13.5	18.8
Net income to minority interests	12.1	24.1	32.2	26.6	25.2	38.5	28	29.1	19.3	9.03
Net income	42.8	65.8	108	121	163	317	285	330	223	107
EBITDA	48.6	118	165	178	244	431	380	438	307	200
EPS, basic	0.83	1.14	1.54	1.30	1.44	2.30	1.72	1.79	1.18	0.56
EPS, diluted	0.83	1.12	1.50	1.27	1.41	2.28	1.67	1.75	1.18	0.56
Shares, basic (weighted)	51.3	57.9	70.2	92.9	114	138	165	185	189	193
Shares, diluted (weighted)	51.7	80.3	93.6	116	134	156	199	219	206	210

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	139	104	160	300	340	405	534	929	504	483
Lease right-of-use assets				20.1
Goodwill	26.7	56.6	56.6	56.6	56.6	56.6	56.6	56.6	56.6	56.6
Intangible assets	70.7	65.1	59.5	54.1	48.8	44.1	39.4	34.8	31.5	29.9
Total assets	2,971	3,626	4,612	6,239	7,661	15,074	17,039	15,739	13,491	14,495
Total liabilities	2,224	2,761	3,547	4,883	6,178	12,524	13,967	12,484	10,339	11,428
Total debt	2,068	2,596	3,367	4,679	5,874	12,132		11,986	9,962	11,075
Paid-in capital	622	707	879	1,155	1,317	1,798	2,204	2,367	2,375	2,454
Retained earnings	-125	-102	-74.1	-60.9	-63.4	62.5	97	115	13	-137
Other comprehensive income	0.32	0.18
Shareholders' equity	587	696	895	1,185	1,344	2,418	2,937	3,118	3,024	2,953
Minority interests	160	169	170	171	138	132	135	137	128	114
Total equity	747	865	1,066	1,327	1,483	2,550	3,072	3,255	3,152	3,067
Total liabilities and equity	2,971	3,626	4,612	6,239	7,661	15,074	17,039	15,739	13,491	14,495
Shares outstanding	51.4	61.7	84	110	123	151	178	189	189	195

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	62.5	97.5	148	155	196	378	354	401	284	158
Depreciation and amortization	5.02	7.39	7.45	7.51	7.64	7.22	8.73	9.74	9.56	23.2
Stock-based compensation	3.51	4.84	6.1	9.52	9.05	9.93	15	14.9	14.2	13.8
Deferred income tax	-1.53	-7.4	-12	0.15	4.73	10.9	-1.74	-7.35	-11.6	3.77
Cash from operations	-199	460	-37.7	-227	55.2	217	1,100	236	462	372
Acquisitions	-63.4
Sales and maturities of investments					10
Cash from investing	-197	-907	-682	-995	-1,157	-6,750	-2,317	1,879	1,152	-1,281
Debt repaid			-97.9			0	-313	-150	-200	-95
Stock issued		76.2	156	260	184	515	409	194	10	70.5
Share buybacks			-10.1	-11.6	-21.5	-34.4	0	-37.4	-11.4	-2.01
Dividends paid	-31.8	-42.6	-68.1	-139	-173	-227	-322	-381	-395	-320
Cash from financing	326	523	817	1,391	1,128	6,888	1,574	-1,826	-2,490	799
Net change in cash	-69.1	75.8	96.9	170	26.4	354	357	289	-877	-110
Interest paid	53	75.6	119	168	145	176	487	861	782	666
Income taxes paid	0.26	20.8	20	19.6	35.3	37.8	27.6	29.7	27.1	25.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.03 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	0.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Operating income growth, 1y	-40.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-21.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-5.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-34.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-19.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-3.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-51.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-27.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-8.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-52.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-30.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-16.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-19.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-30.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	46.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	17.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	9.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	4.00x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	77.4%	Total debt / total assets.
Liabilities / assets	79.9%	Total liabilities / total assets.
Net debt	$10.83B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$2.78B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.09	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$1.63	Cash from operations / diluted weighted shares.
Book value per share	$14.70	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.70	Tangible book value / shares outstanding.
Cash per share	$1.52	(Cash + short-term investments) / shares outstanding.
Payout ratio	1,631.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$751.8M	Share price x shares outstanding.
Enterprise value	$11.58B	Market cap + total debt - cash - short-term investments.
P/E	46.1x	Market cap / net income. Only when net income is positive.
P/B	0.27x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.27x	Market cap / tangible book value, when positive.
P/OCF	2.41x	Market cap / cash from operations, when positive.
Earnings yield	2.2%	Net income / market cap (the inverse of P/E).
Dividend yield	35.4%	Dividends paid over the period / market cap.
Shareholder yield	42.6%	(Dividends paid + share buybacks) / market cap.

Was ARBOR REALTY TRUST INC profitable in fiscal 2025?

Yes. Net income was $107.4M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to ARBOR REALTY TRUST INC