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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and DNA X, Inc. (SONM). Click either name above to swap in a different company.
DNA X, Inc. is the larger business by last-quarter revenue ($16.2M vs $13.2M, roughly 1.2× Ares Commercial Real Estate Corp). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -29.3%, a 0.1% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -24.5%). Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% CAGR vs -15.9%).
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.
ACRE vs SONM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $16.2M |
| Net Profit | $-3.9M | $-4.8M |
| Gross Margin | — | 11.2% |
| Operating Margin | -29.2% | -24.5% |
| Net Margin | -29.2% | -29.3% |
| Revenue YoY | -24.5% | 7.9% |
| Net Profit YoY | 63.8% | -89.2% |
| EPS (diluted) | — | $-4.83 |
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 | — | ||
| Q3 25 | $14.1M | $16.2M | ||
| Q2 25 | $12.6M | $11.2M | ||
| Q1 25 | $14.9M | $16.7M | ||
| Q4 24 | $17.5M | $15.3M | ||
| Q3 24 | $16.7M | $15.0M | ||
| Q2 24 | $16.8M | $11.5M | ||
| Q1 24 | $18.7M | $9.1M |
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $4.7M | $-4.8M | ||
| Q2 25 | $-11.0M | $-7.5M | ||
| Q1 25 | $9.3M | $458.0K | ||
| Q4 24 | $-10.7M | $-21.6M | ||
| Q3 24 | $-5.9M | $-2.5M | ||
| Q2 24 | $-6.1M | $-6.6M | ||
| Q1 24 | $-12.3M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 50.0% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 31.8% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -24.5% | ||
| Q2 25 | -87.8% | -60.2% | ||
| Q1 25 | 64.4% | 3.9% | ||
| Q4 24 | -61.0% | 55.3% | ||
| Q3 24 | -35.3% | -15.8% | ||
| Q2 24 | -36.5% | -56.2% | ||
| Q1 24 | -65.9% | -29.5% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -29.3% | ||
| Q2 25 | -87.8% | -66.8% | ||
| Q1 25 | 62.5% | 2.7% | ||
| Q4 24 | -60.9% | -141.6% | ||
| Q3 24 | -35.3% | -16.7% | ||
| Q2 24 | -36.5% | -57.5% | ||
| Q1 24 | -65.9% | -31.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-4.83 | ||
| Q2 25 | — | $-0.79 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-116.99 | ||
| Q3 24 | — | $-9.32 | ||
| Q2 24 | — | $-1.41 | ||
| Q1 24 | — | $-0.65 |
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 | $2.1M |
| Total DebtLower is stronger | $948.2M | $5.1M |
| Stockholders' EquityBook value | $509.6M | $-701.0K |
| Total Assets | $1.6B | $40.2M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | $2.1M | ||
| Q2 25 | $90.0M | $2.0M | ||
| Q1 25 | $125.5M | $2.1M | ||
| Q4 24 | $63.8M | $5.3M | ||
| Q3 24 | $68.9M | $9.1M | ||
| Q2 24 | $70.6M | $9.6M | ||
| Q1 24 | $99.5M | $9.3M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | — | ||
| Q3 25 | $521.0M | $-701.0K | ||
| Q2 25 | $523.7M | $-1.3M | ||
| Q1 25 | $542.1M | $-1.1M | ||
| Q4 24 | $540.1M | $-5.7M | ||
| Q3 24 | $563.8M | $15.3M | ||
| Q2 24 | $582.3M | $17.5M | ||
| Q1 24 | $601.1M | $19.8M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | $40.2M | ||
| Q2 25 | $1.4B | $36.1M | ||
| Q1 25 | $1.5B | $36.0M | ||
| Q4 24 | $1.8B | $39.7M | ||
| Q3 24 | $1.9B | $49.1M | ||
| Q2 24 | $2.1B | $45.9M | ||
| Q1 24 | $2.1B | $42.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-7.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | — | ||
| Q3 25 | $3.8M | $-7.0M | ||
| Q2 25 | $4.9M | $-4.9M | ||
| Q1 25 | $8.0M | $-9.6M | ||
| Q4 24 | $35.5M | $-4.5M | ||
| Q3 24 | $8.4M | $-417.0K | ||
| Q2 24 | $8.7M | $-3.4M | ||
| Q1 24 | $11.4M | $-168.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | — | $-554.0K | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | $-198.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -29.6% | ||
| Q3 24 | — | -3.7% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | -20.97× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
