Advanced Flower Capital Inc Financials
Advanced Flower Capital Inc (AFCG) reported $24.6M in revenue for fiscal year 2025, down 46.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet runoff turned this into a collection-and-deleveraging story, as shrinking assets now matter more than reported revenue.
From FY2023 to FY2025, revenue fell from$63.9M to$24.6M , while interest expense barely moved, so the fixed financing burden consumed a much larger share of earning capacity. Even after that squeeze, operating cash flow remained positive at$11.2M alongside a net loss of-$20.7M , showing that collections from the asset base held up better than accounting earnings.
The balance sheet became less levered but smaller, with debt to equity improving from 1.0x to 0.6x as liabilities were cut. But cash reserves also fell from
With total assets down from
Financial Health Signals
Advanced Flower Capital Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Advanced Flower Capital Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Advanced Flower Capital Inc reported a net loss of $20.7M while generating $11.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Advanced Flower Capital Inc generated $24.6M in revenue in fiscal year 2025. This represents a decrease of 46.2% from the prior year.
Advanced Flower Capital Inc reported -$20.7M in net income in fiscal year 2025. This represents a decrease of 223.2% from the prior year.
Advanced Flower Capital Inc earned -$0.95 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 221.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Advanced Flower Capital Inc held $38.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Advanced Flower Capital Inc paid $0.53 per share in dividends in fiscal year 2025. This represents a decrease of 70.1% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Advanced Flower Capital Inc's net profit margin was -84.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 120.9 percentage points from the prior year.
Advanced Flower Capital Inc's ROE was -11.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
AFCG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $5.2M-20.6% | $6.5M+5.3% | $6.2M-6.6% | $6.6M-13.0% | $7.6M-14.0% | $8.9M |
| SG&A Expenses | $1.0M+18.2% | $860K-11.9% | $977K+44.8% | $674K-20.3% | $846K+15.1% | $735K-28.4% | $1.0M+19.7% | $857K |
| Interest Expense | $1.9M+11.3% | $1.7M+18.7% | $1.5M-10.9% | $1.6M-12.2% | $1.9M+2.4% | $1.8M+14.4% | $1.6M+0.9% | $1.6M |
| Income Tax | $456K-27.2% | $627K+118.4% | $287K+132.8% | -$875K-533.6% | -$138K-222.8% | $112K+129.3% | -$383K-199.2% | $386K |
| Net Income | $5.4M-53.1% | $11.4M+1150.2% | $914K+107.3% | -$12.5M+5.1% | -$13.2M-423.6% | $4.1M+510.2% | -$992K-171.7% | $1.4M |
| EPS (Diluted) | $0.23-53.1% | $0.49+1125.0% | $0.04+107.0% | -$0.57+5.0% | -$0.60-433.3% | $0.18 | -$0.07 | $0.06 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
AFCG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $399.7M+1.2% | $394.9M+43.3% | $275.6M-4.5% | $288.7M-0.6% | $290.6M-9.7% | $321.7M-20.0% | $402.1M+9.7% | $366.6M |
| Cash & Equivalents | $106.5M-5.5% | $112.7M+192.0% | $38.6M-14.4% | $45.1M+1223.2% | $3.4M+2.8% | $3.3M-96.8% | $103.6M-15.2% | $122.2M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Total Liabilities | $212.4M+1.6% | $209.1M+109.0% | $100.0M-16.2% | $119.4M+12.8% | $105.9M-12.4% | $120.9M-39.8% | $200.7M+25.0% | $160.6M |
| Total Equity | $187.3M+0.8% | $185.8M+5.8% | $175.6M+3.7% | $169.3M-8.3% | $184.7M-8.0% | $200.8M-0.3% | $201.4M-2.3% | $206.1M |
| Retained Earnings | -$68.9M+5.8% | -$73.1M+12.3% | -$83.4M+1.1% | -$84.3M-23.2% | -$68.4M-31.9% | -$51.8M-2.2% | -$50.7M-19.7% | -$42.4M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Long-Term Debt.
AFCG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.2M+79.9% | -$30.8M-5399.2% | -$561K-109.2% | $6.1M+247.4% | $1.8M-55.1% | $3.9M+76.5% | $2.2M-15.9% | $2.6M |
| Investing Cash Flow | N/A | N/A | $11.1M-59.6% | $27.4M+76.4% | $15.5M+181.4% | -$19.1M+66.5% | -$56.9M-714.5% | -$7.0M |
| Financing Cash Flow | -$20K-100.0% | $105.0M+717.0% | -$17.0M-307.4% | $8.2M+147.7% | -$17.2M+79.8% | -$85.1M-335.4% | $36.2M+182.6% | -$43.8M |
| Dividends Paid | N/A | N/A | $72K-0.6% | $72K-34.9% | $111K-3.1% | $114K+31.4% | $87K-48.1% | $168K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
AFCG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | 17.6% | -191.3% | -212.2% | 61.2%+74.2pp | -13.0%-28.6pp | 15.6% |
| Return on Equity | 2.9%-3.3pp | 6.2%+5.6pp | 0.5%+7.9pp | -7.4%-0.3pp | -7.1%-9.2pp | 2.0%+2.5pp | -0.5%-1.2pp | 0.7% |
| Return on Assets | 1.3%-1.5pp | 2.9%+2.6pp | 0.3%+4.7pp | -4.3%+0.2pp | -4.5%-5.8pp | 1.3%+1.5pp | -0.3%-0.6pp | 0.4% |
| Debt-to-Equity | 1.130.0x | 1.13+0.6x | 0.57-0.1x | 0.70+0.1x | 0.570.0x | 0.60-0.4x | 1.00+0.2x | 0.78 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Advanced Flower Capital Inc Ranks
Frequently Asked Questions
What is Advanced Flower Capital Inc's annual revenue?
Advanced Flower Capital Inc (AFCG) reported $24.6M in total revenue for fiscal year 2025. This represents a -46.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Advanced Flower Capital Inc's revenue growing?
Advanced Flower Capital Inc (AFCG) revenue declined by 46.2% year-over-year, from $45.7M to $24.6M in fiscal year 2025.
Is Advanced Flower Capital Inc profitable?
No, Advanced Flower Capital Inc (AFCG) reported a net income of -$20.7M in fiscal year 2025, with a net profit margin of -84.2%.
What is Advanced Flower Capital Inc's net profit margin?
Advanced Flower Capital Inc (AFCG) had a net profit margin of -84.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Advanced Flower Capital Inc pay dividends?
Yes, Advanced Flower Capital Inc (AFCG) paid $0.53 per share in dividends during fiscal year 2025.
What is Advanced Flower Capital Inc's return on equity (ROE)?
Advanced Flower Capital Inc (AFCG) has a return on equity of -11.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Advanced Flower Capital Inc's operating cash flow?
Advanced Flower Capital Inc (AFCG) generated $11.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Advanced Flower Capital Inc's total assets?
Advanced Flower Capital Inc (AFCG) had $275.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Advanced Flower Capital Inc's debt-to-equity ratio?
Advanced Flower Capital Inc (AFCG) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Advanced Flower Capital Inc's return on assets (ROA)?
Advanced Flower Capital Inc (AFCG) had a return on assets of -7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Advanced Flower Capital Inc's Piotroski F-Score?
Advanced Flower Capital Inc (AFCG) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Advanced Flower Capital Inc's earnings high quality?
Advanced Flower Capital Inc (AFCG) reported a net loss of $20.7M while generating $11.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.