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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $13.2M, roughly 1.6× Ares Commercial Real Estate Corp). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -401.9%, a 372.6% gap on every dollar of revenue.
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
ACRE vs IAUX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $21.3M |
| Net Profit | $-3.9M | $-85.6M |
| Gross Margin | — | 22.0% |
| Operating Margin | -29.2% | -291.6% |
| Net Margin | -29.2% | -401.9% |
| Revenue YoY | -24.5% | — |
| Net Profit YoY | 63.8% | — |
| EPS (diluted) | — | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $21.3M | ||
| Q3 25 | $14.1M | $32.0M | ||
| Q2 25 | $12.6M | $27.8M | ||
| Q1 25 | $14.9M | $14.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.7M | $11.5M | ||
| Q2 24 | $16.8M | $7.2M | ||
| Q1 24 | $18.7M | — |
| Q4 25 | $-3.9M | $-85.6M | ||
| Q3 25 | $4.7M | $-41.9M | ||
| Q2 25 | $-11.0M | $-30.2M | ||
| Q1 25 | $9.3M | $-41.2M | ||
| Q4 24 | $-10.7M | — | ||
| Q3 24 | $-5.9M | $-43.1M | ||
| Q2 24 | $-6.1M | $-41.0M | ||
| Q1 24 | $-12.3M | — |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.7% | ||
| Q2 24 | — | -171.4% | ||
| Q1 24 | — | — |
| Q4 25 | -29.2% | -291.6% | ||
| Q3 25 | 33.0% | -86.7% | ||
| Q2 25 | -87.8% | -67.4% | ||
| Q1 25 | 64.4% | -112.3% | ||
| Q4 24 | -61.0% | — | ||
| Q3 24 | -35.3% | -210.0% | ||
| Q2 24 | -36.5% | -435.2% | ||
| Q1 24 | -65.9% | — |
| Q4 25 | -29.2% | -401.9% | ||
| Q3 25 | 33.0% | -130.8% | ||
| Q2 25 | -87.8% | -108.5% | ||
| Q1 25 | 62.5% | -293.3% | ||
| Q4 24 | -60.9% | — | ||
| Q3 24 | -35.3% | -374.5% | ||
| Q2 24 | -36.5% | -570.8% | ||
| Q1 24 | -65.9% | — |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $63.2M |
| Total DebtLower is stronger | $948.2M | $174.7M |
| Stockholders' EquityBook value | $509.6M | $346.8M |
| Total Assets | $1.6B | $703.4M |
| Debt / EquityLower = less leverage | 1.86× | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $63.2M | ||
| Q3 25 | $84.9M | $102.9M | ||
| Q2 25 | $90.0M | $133.7M | ||
| Q1 25 | $125.5M | $13.5M | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $68.9M | $21.8M | ||
| Q2 24 | $70.6M | $47.8M | ||
| Q1 24 | $99.5M | — |
| Q4 25 | $948.2M | $174.7M | ||
| Q3 25 | — | $175.9M | ||
| Q2 25 | — | $175.8M | ||
| Q1 25 | — | $197.5M | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $346.8M | ||
| Q3 25 | $521.0M | $423.0M | ||
| Q2 25 | $523.7M | $463.5M | ||
| Q1 25 | $542.1M | $318.0M | ||
| Q4 24 | $540.1M | — | ||
| Q3 24 | $563.8M | $346.9M | ||
| Q2 24 | $582.3M | $377.2M | ||
| Q1 24 | $601.1M | — |
| Q4 25 | $1.6B | $703.4M | ||
| Q3 25 | $1.4B | $756.2M | ||
| Q2 25 | $1.4B | $782.9M | ||
| Q1 25 | $1.5B | $659.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | 1.86× | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-34.3M |
| Free Cash FlowOCF − Capex | — | $-39.2M |
| FCF MarginFCF / Revenue | — | -184.3% |
| Capex IntensityCapex / Revenue | — | 23.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-34.3M | ||
| Q3 25 | $3.8M | $-15.2M | ||
| Q2 25 | $4.9M | $-11.3M | ||
| Q1 25 | $8.0M | $-22.7M | ||
| Q4 24 | $35.5M | — | ||
| Q3 24 | $8.4M | $-23.5M | ||
| Q2 24 | $8.7M | $-24.6M | ||
| Q1 24 | $11.4M | — |
| Q4 25 | — | $-39.2M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-23.8M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | — | — |
| Q4 25 | — | -184.3% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | — | -44.7% | ||
| Q1 25 | — | -164.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -206.7% | ||
| Q2 24 | — | -349.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
