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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Immunovant, Inc. (IMVT). Click either name above to swap in a different company.

Ares Commercial Real Estate Corp is the larger business by last-quarter revenue ($13.2M vs $8.4M, roughly 1.6× Immunovant, Inc.). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -899.0%, a 869.8% gap on every dollar of revenue. On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs -24.5%).

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.

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

ACRE vs IMVT — Head-to-Head

Bigger by revenue
ACRE
ACRE
1.6× larger
ACRE
$13.2M
$8.4M
IMVT
Growing faster (revenue YoY)
IMVT
IMVT
+165.3% gap
IMVT
140.7%
-24.5%
ACRE
Higher net margin
ACRE
ACRE
869.8% more per $
ACRE
-29.2%
-899.0%
IMVT

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ACRE
ACRE
IMVT
IMVT
Revenue
$13.2M
$8.4M
Net Profit
$-3.9M
$-75.3M
Gross Margin
Operating Margin
-29.2%
-896.2%
Net Margin
-29.2%
-899.0%
Revenue YoY
-24.5%
140.7%
Net Profit YoY
63.8%
-26.7%
EPS (diluted)
$-0.50

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.

Revenue
ACRE
ACRE
IMVT
IMVT
Q4 25
$13.2M
Q3 25
$14.1M
Q2 25
$12.6M
Q1 25
$14.9M
Q4 24
$17.5M
Q3 24
$16.7M
Q2 24
$16.8M
Q1 24
$18.7M
$8.4M
Net Profit
ACRE
ACRE
IMVT
IMVT
Q4 25
$-3.9M
Q3 25
$4.7M
Q2 25
$-11.0M
Q1 25
$9.3M
Q4 24
$-10.7M
Q3 24
$-5.9M
Q2 24
$-6.1M
Q1 24
$-12.3M
$-75.3M
Operating Margin
ACRE
ACRE
IMVT
IMVT
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
Q1 25
64.4%
Q4 24
-61.0%
Q3 24
-35.3%
Q2 24
-36.5%
Q1 24
-65.9%
-896.2%
Net Margin
ACRE
ACRE
IMVT
IMVT
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
Q1 25
62.5%
Q4 24
-60.9%
Q3 24
-35.3%
Q2 24
-36.5%
Q1 24
-65.9%
-899.0%
EPS (diluted)
ACRE
ACRE
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACRE
ACRE
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$29.3M
$635.4M
Total DebtLower is stronger
$948.2M
Stockholders' EquityBook value
$509.6M
$617.8M
Total Assets
$1.6B
$666.4M
Debt / EquityLower = less leverage
1.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACRE
ACRE
IMVT
IMVT
Q4 25
$29.3M
Q3 25
$84.9M
Q2 25
$90.0M
Q1 25
$125.5M
Q4 24
$63.8M
Q3 24
$68.9M
Q2 24
$70.6M
Q1 24
$99.5M
$635.4M
Total Debt
ACRE
ACRE
IMVT
IMVT
Q4 25
$948.2M
Q3 25
Q2 25
Q1 25
Q4 24
$718.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACRE
ACRE
IMVT
IMVT
Q4 25
$509.6M
Q3 25
$521.0M
Q2 25
$523.7M
Q1 25
$542.1M
Q4 24
$540.1M
Q3 24
$563.8M
Q2 24
$582.3M
Q1 24
$601.1M
$617.8M
Total Assets
ACRE
ACRE
IMVT
IMVT
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.5B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$2.1B
Q1 24
$2.1B
$666.4M
Debt / Equity
ACRE
ACRE
IMVT
IMVT
Q4 25
1.86×
Q3 25
Q2 25
Q1 25
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
ACRE
ACRE
IMVT
IMVT
Operating Cash FlowLast quarter
$21.4M
$-59.7M
Free Cash FlowOCF − Capex
$-59.8M
FCF MarginFCF / Revenue
-714.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACRE
ACRE
IMVT
IMVT
Q4 25
$21.4M
Q3 25
$3.8M
Q2 25
$4.9M
Q1 25
$8.0M
Q4 24
$35.5M
Q3 24
$8.4M
Q2 24
$8.7M
Q1 24
$11.4M
$-59.7M
Free Cash Flow
ACRE
ACRE
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-59.8M
FCF Margin
ACRE
ACRE
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-714.4%
Capex Intensity
ACRE
ACRE
IMVT
IMVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.8%
Cash Conversion
ACRE
ACRE
IMVT
IMVT
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.

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