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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Velo3D, Inc. (VELO). 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 $9.4M, roughly 1.4× Velo3D, Inc.). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -231.9%, a 202.7% gap on every dollar of revenue. On growth, Ares Commercial Real Estate Corp posted the faster year-over-year revenue change (-24.5% vs -25.2%). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% 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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
ACRE vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $9.4M |
| Net Profit | $-3.9M | $-21.9M |
| Gross Margin | — | -73.6% |
| Operating Margin | -29.2% | -231.0% |
| Net Margin | -29.2% | -231.9% |
| Revenue YoY | -24.5% | -25.2% |
| Net Profit YoY | 63.8% | -2.9% |
| EPS (diluted) | — | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $14.1M | $13.6M | ||
| Q2 25 | $12.6M | $13.6M | ||
| Q1 25 | $14.9M | $9.3M | ||
| Q4 24 | $17.5M | $12.6M | ||
| Q3 24 | $16.7M | $8.2M | ||
| Q2 24 | $16.8M | $10.3M | ||
| Q1 24 | $18.7M | $9.8M |
| Q4 25 | $-3.9M | $-21.9M | ||
| Q3 25 | $4.7M | $-11.2M | ||
| Q2 25 | $-11.0M | $-13.3M | ||
| Q1 25 | $9.3M | $-25.0M | ||
| Q4 24 | $-10.7M | $-21.3M | ||
| Q3 24 | $-5.9M | $-21.9M | ||
| Q2 24 | $-6.1M | $935.0K | ||
| Q1 24 | $-12.3M | $-27.5M |
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | -29.2% | -231.0% | ||
| Q3 25 | 33.0% | -73.3% | ||
| Q2 25 | -87.8% | -85.4% | ||
| Q1 25 | 64.4% | -123.6% | ||
| Q4 24 | -61.0% | -167.0% | ||
| Q3 24 | -35.3% | -213.8% | ||
| Q2 24 | -36.5% | -187.7% | ||
| Q1 24 | -65.9% | -211.1% |
| Q4 25 | -29.2% | -231.9% | ||
| Q3 25 | 33.0% | -82.0% | ||
| Q2 25 | -87.8% | -97.7% | ||
| Q1 25 | 62.5% | -268.4% | ||
| Q4 24 | -60.9% | -168.5% | ||
| Q3 24 | -35.3% | -265.3% | ||
| Q2 24 | -36.5% | 9.0% | ||
| Q1 24 | -65.9% | -281.2% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.65 | ||
| Q2 25 | — | $-0.94 | ||
| Q1 25 | — | $-1.87 | ||
| Q4 24 | — | $7.06 | ||
| Q3 24 | — | $-35.52 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | $948.2M | $31.0M |
| Stockholders' EquityBook value | $509.6M | $38.2M |
| Total Assets | $1.6B | $105.3M |
| Debt / EquityLower = less leverage | 1.86× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $39.0M | ||
| Q3 25 | $84.9M | $11.8M | ||
| Q2 25 | $90.0M | $854.0K | ||
| Q1 25 | $125.5M | $3.9M | ||
| Q4 24 | $63.8M | $1.2M | ||
| Q3 24 | $68.9M | $1.6M | ||
| Q2 24 | $70.6M | $3.2M | ||
| Q1 24 | $99.5M | $10.9M |
| Q4 25 | $948.2M | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | $718.5M | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $509.6M | $38.2M | ||
| Q3 25 | $521.0M | $29.9M | ||
| Q2 25 | $523.7M | $21.4M | ||
| Q1 25 | $542.1M | $32.8M | ||
| Q4 24 | $540.1M | $39.7M | ||
| Q3 24 | $563.8M | $34.4M | ||
| Q2 24 | $582.3M | $52.1M | ||
| Q1 24 | $601.1M | $45.5M |
| Q4 25 | $1.6B | $105.3M | ||
| Q3 25 | $1.4B | $93.7M | ||
| Q2 25 | $1.4B | $78.4M | ||
| Q1 25 | $1.5B | $91.3M | ||
| Q4 24 | $1.8B | $89.2M | ||
| Q3 24 | $1.9B | $110.8M | ||
| Q2 24 | $2.1B | $116.7M | ||
| Q1 24 | $2.1B | $136.1M |
| Q4 25 | 1.86× | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 1.33× | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | — | $-8.3M |
| FCF MarginFCF / Revenue | — | -88.3% |
| Capex IntensityCapex / Revenue | — | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-7.7M | ||
| Q3 25 | $3.8M | $-6.0M | ||
| Q2 25 | $4.9M | $-1.2M | ||
| Q1 25 | $8.0M | $-12.3M | ||
| Q4 24 | $35.5M | $-2.2M | ||
| Q3 24 | $8.4M | $-2.0M | ||
| Q2 24 | $8.7M | $-8.0M | ||
| Q1 24 | $11.4M | $-20.5M |
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
