Advanced Flower Capital Inc.(AFCG)Earnings, Financials & Key Ratios
AFCG•NASDAQ•REIT / Real Estate
$2.77
$65M mkt cap·Price updated May 6, 2026
AboutAdvanced Flower Capital, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.Show more
- Revenue$31M-39.6%
- FFO-$20M-214.7%
- FFO/Share-0.92-207.5%
- FFO Payout0%-100.0%
- FFO per Share-0.92-207.5%
- NOI Margin90.65%+13.3%
- FFO Margin-65.2%-290.0%
- ROE-10.97%-270.4%
- ROA-6.1%-257.9%
- Debt/Assets27.69%-41.0%
- Book Value/Share7.88-18.3%
AFCG Key Insights
Advanced Flower Capital Inc. (AFCG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High NOI margin of 90.7%
- ✓Trading at only 0.4x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 0.6%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AFCG Price & Volume
Advanced Flower Capital Inc. (AFCG) stock price & volume — 10-year historical chart
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AFCG Growth Metrics
Advanced Flower Capital Inc. (AFCG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years22.22%
3 Years-24.07%
TTM-94.92%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-223.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-217.02%
Return on Capital
10 Years4.71%
5 Years4.39%
3 Years1.84%
Last Year-5.58%
AFCG Peer Comparison
Advanced Flower Capital Inc. (AFCG) competitors in Specialty Storage and Alternative Lending — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 REFI | 258.17M | 12.25 | 7.29 | -100% | 871.56% | 46.65% | 0.16 | |
 LIEN | 213.6M | 9.36 | 6.41 | 202.16% | 0.04% | 0.08 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 SUNS | 103.48M | 7.71 | 8.12 | 148.14% | 46.04% | 6.6% | 0.67 | |
 IIPR | 1.65B | 57.69 | 14.68 | -13.8% | 45.58% | 6.41% | 0.21 | |
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 | ||
 GAIN | 665.43M | 16.71 | 9.39 | -12.88% | 21.89% | 0.91 | ||
 GLAD | 434.01M | 19.21 | 7.53 | 20.37% | 5.59% | 0.83 |
Compare AFCG vs Peers
Advanced Flower Capital Inc. (AFCG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AFCG Income Statement
Advanced Flower Capital Inc. (AFCG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Revenue | 11.48M | 38.08M | 71.54M | 51.8M | 51.9M | 31.32M |
| Revenue Growth % | - | 231.64% | 87.85% | -27.59% | 0.19% | -39.65% |
| Property Operating Expenses | 0 | 2.65M | 11.18M | 0 | 10.36M | 2.93M |
| Net Operating Income (NOI) | 11.48M▲ 0% | 35.43M▲ 208.6% | 60.36M▲ 70.4% | 51.8M▼ 14.2% | 41.54M▼ 19.8% | 28.39M▼ 31.6% |
| NOI Margin % | 100% | 93.04% | 84.38% | 100% | 80.03% | 90.65% |
| Operating Expenses | 5.71M | -17.05M | 6.3M | 20.86M | 17.28M | 42.05M |
| G&A Expenses | 5.71M | 4.96M | 6.04M | 20.86M | 5.53M | 4.68M |
| EBITDA | 5.77M | 37.46M | 81.95M | 30.94M | 20.65M | -14.53M |
| EBITDA Margin % | 50.27% | 98.37% | 114.55% | 59.74% | 39.78% | -46.38% |
| Depreciation & Amortization | 0 | 16.43M | 38.18M | 0 | 0 | 0 |
| D&A / Revenue % | 0% | 43.14% | 53.36% | 0% | 0% | 0% |
| Operating Income | 5.77M▲ 0% | 21.04M▲ 264.4% | 43.77M▲ 108.1% | 30.94M▼ 29.3% | 13.86M▼ 55.2% | -13.65M▼ 198.5% |
| Operating Margin % | 50.27% | 55.24% | 61.19% | 59.74% | 26.71% | -43.59% |
| Interest Expense | 0 | 1.13M | 6.81M | 6.36M | 6.34M | 6.76M |
| Interest Coverage | - | 18.67x | 6.42x | 4.87x | 2.19x | -2.02x |
| Non-Operating Income | 5.77M | -29.14M | -3.67M | 30.94M | -6.78M | 874.75K |
| Pretax Income | 10.35M▲ 0% | 21.04M▲ 103.2% | 36.96M▲ 75.7% | 22.38M▼ 39.5% | 14.31M▼ 36.1% | -21.29M▼ 248.8% |
| Pretax Margin % | 90.15% | 55.24% | 51.66% | 43.2% | 27.57% | -67.96% |
| Income Tax | 0 | 35.17K | 1.03M | 1.66M | 447.59K | -613.38K |
| Effective Tax Rate % | 0% | 0.17% | 2.78% | 7.42% | 3.13% | 2.88% |
| Net Income | 10.35M▲ 0% | 21M▲ 102.9% | 35.93M▲ 71.1% | 20.95M▼ 41.7% | 16.78M▼ 19.9% | -20.67M▼ 223.2% |
| Net Margin % | 90.15% | 55.14% | 50.23% | 40.45% | 32.34% | -66% |
| Net Income Growth % | - | 102.85% | 71.1% | -41.69% | -19.89% | -223.17% |
| Funds From Operations (FFO) | 10.35M▲ 0% | 37.43M▲ 261.5% | 74.11M▲ 98.0% | 20.95M▼ 71.7% | 17.81M▼ 15.0% | -20.42M▼ 214.7% |
| FFO Margin % | 90.15% | 98.28% | 103.59% | 40.45% | 34.32% | -65.2% |
| FFO Growth % | - | - | 98% | - | - | -214.66% |
| FFO per Share | 0.77 | 2.28 | 3.71 | 1.03 | 0.85 | -0.92 |
| FFO Payout Ratio % | 0% | 38.45% | 56.16% | 203% | 224.54% | 0% |
| EPS (Diluted) | 0.32▲ 0% | 1.28▲ 300.0% | 1.80▲ 40.6% | 1.02▼ 43.3% | 0.80▼ 21.6% | -0.95▼ 218.8% |
| EPS Growth % | - | 300% | 40.63% | -43.33% | -21.57% | -218.75% |
| EPS (Basic) | 0.32 | 1.28 | 1.81 | 1.02 | 0.78 | -0.95 |
| Diluted Shares Outstanding | 13.37M | 16.44M | 19.96M | 20.35M | 20.89M | 22.28M |
AFCG Balance Sheet
Advanced Flower Capital Inc. (AFCG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Assets | 93.96M | 464.85M | 519.18M | 466.59M | 402.06M | 275.59M |
| Asset Growth % | - | 394.72% | 11.69% | -10.13% | -13.83% | -31.45% |
| Real Estate & Other Assets | 0 | -15.88M | 0 | 0 | 0 | 27.12M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 0 | 0 | 0 | 1000K |
| Total Current Assets | 93.96M | 0 | 0 | 466.59M | 402.06M | 247.07M |
| Cash & Equivalents | 9.62M | 109.25M | 140.37M | 90.38M | 103.61M | 38.61M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 999.39K | -130.49M | -146.09M | 37.49M | 3.2M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.31M | 191.77M | 180.12M | 146.53M | 200.68M | 100.03M |
| Total Debt | 0 | 171.42M | 157.13M | 130.01M | 188.61M | 76.32M |
| Net Debt | -9.62M | 62.17M | 16.76M | 39.63M | 85M | 37.72M |
| Long-Term Debt | 0 | 96.57M | 97.13M | 88.01M | 88.61M | 0 |
| Short-Term Borrowings | 0 | 74.85M | 60M | 42M | 100M | 76.32M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 2.31M | 0 | 0 | 58.51M | 112.07M | 76.32M |
| Accounts Payable | 154.9K | 5.77M | 4.24M | 704.68K | 501.33K | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | -96.57M | -97.13M | 10K | 0 | 23.7M |
| Total Equity | 91.65M▲ 0% | 273.08M▲ 198.0% | 339.06M▲ 24.2% | 320.05M▼ 5.6% | 201.38M▼ 37.1% | 175.57M▼ 12.8% |
| Equity Growth % | - | 197.96% | 24.16% | -5.61% | -37.08% | -12.82% |
| Shareholders Equity | 91.65M | 273.08M | 339.06M | 320.05M | 201.38M | 175.57M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 61.79K | 163.87K | 203.64K | 204.58K | 223.33K | 235.29K |
| Additional Paid-in Capital | 91.07M | 274.17M | 348.82M | 349.81M | 251.87M | 258.69M |
| Retained Earnings | 517.72K | -1.09M | -9.96M | -29.96M | -50.71M | -83.36M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 11.02% | 7.52% | 7.3% | 4.25% | 3.86% | -6.1% |
| Return on Equity (ROE) | 11.3% | 11.52% | 11.74% | 6.36% | 6.44% | -10.97% |
| Debt / Assets | - | 36.88% | 30.27% | 27.87% | 46.91% | 27.69% |
| Debt / Equity | - | 0.63x | 0.46x | 0.41x | 0.94x | 0.43x |
| Net Debt / EBITDA | -1.67x | 1.66x | 0.20x | 1.28x | 4.12x | - |
| Book Value per Share | 6.86 | 16.61 | 16.99 | 15.73 | 9.64 | 7.88 |
AFCG Cash Flow Statement
Advanced Flower Capital Inc. (AFCG) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 1.52M | 9.54M | 31.32M | 21.23M | 21.56M | 11.24M |
| Operating CF Growth % | - | 528.01% | 228.37% | -32.22% | 1.55% | -47.88% |
| Operating CF / Revenue % | 13.23% | 25.05% | 43.78% | 40.98% | 41.54% | 35.87% |
| Net Income | 4.31M | 21M | 35.93M | 20.72M | 13.86M | -20.67M |
| Depreciation & Amortization | 0 | 32.85K | 262.39K | 0 | 1.03M | 252.76K |
| Stock-Based Compensation | 0 | 1.75M | 1.34M | 988.91K | 1.39M | 6.84M |
| Other Non-Cash Items | -2.65M | -8.4M | -5.15M | 4.12M | 6.22M | 26.87M |
| Working Capital Changes | -145.94K | -4.8M | -1.06M | -4.6M | -942.23K | -2.06M |
| Cash from Investing | -32.43M | -248.46M | -16.34M | 28.52M | -4.85M | 34.9M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | -16.05M | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 1000K | 0 | 0 | 0 |
| Other Investing | -32.43M | -232.41M | -32.24M | 28.52M | -4.85M | 34.9M |
| Cash from Financing | 40.53M | 338.54M | 16.15M | -68.49M | -34.72M | -111.14M |
| Dividends Paid | -3.8M | -14.39M | -41.62M | -42.53M | -39.99M | -19.35M |
| Common Dividends | 0 | -14.39M | -41.62M | -42.53M | -39.99M | 0 |
| Debt Issuance (Net) | 0 | 1000K | -1000K | -1000K | 1000K | -1000K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -7.57M | -2.29M | -225K | -68.46M | 280.41K |
| Net Change in Cash | 9.62M▲ 0% | 99.62M▲ 935.2% | 31.13M▼ 68.8% | -18.75M▼ 160.2% | -18.02M▲ 3.9% | -65M▼ 260.8% |
| Exchange Rate Effect | -1 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 9.62M | 109.25M | 140.37M | 121.63M | 103.61M |
| Cash at End | 9.62M | 109.25M | 140.37M | 121.63M | 103.61M | 38.61M |
| Free Cash Flow | 1.52M▲ 0% | 9.54M▲ 528.0% | 31.32M▲ 228.4% | 21.23M▼ 32.2% | 21.56M▲ 1.5% | 11.24M▼ 47.9% |
| FCF Growth % | - | 528.01% | 228.37% | -32.22% | 1.55% | -47.88% |
| FCF / Revenue % | 13.23% | 25.05% | 43.78% | 40.98% | 41.54% | 35.87% |
AFCG Key Ratios
Advanced Flower Capital Inc. (AFCG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| FFO per Share | 0.77 | 2.28 | 3.71 | 1.03 | 0.85 | -0.92 |
| FFO Payout Ratio | 0% | 38.45% | 56.16% | 203% | 224.54% | 0% |
| NOI Margin | 100% | 93.04% | 84.38% | 100% | 80.03% | 90.65% |
| Net Debt / EBITDA | -1.67x | 1.66x | 0.20x | 1.28x | 4.12x | - |
| Debt / Assets | - | 36.88% | 30.27% | 27.87% | 46.91% | 27.69% |
| Interest Coverage | - | 18.67x | 6.42x | 4.87x | 2.19x | -2.02x |
| Book Value / Share | 6.86 | 16.61 | 16.99 | 15.73 | 9.64 | 7.88 |
| Revenue Growth | - | 231.64% | 87.85% | -27.59% | 0.19% | -39.65% |
AFCG Frequently Asked Questions
Advanced Flower Capital Inc. (AFCG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Advanced Flower Capital Inc. (AFCG) reported $2.1M in revenue for fiscal year 2025. This represents a 82% decrease from $11.5M in 2020.
Advanced Flower Capital Inc. (AFCG) saw revenue decline by 39.6% over the past year.
Advanced Flower Capital Inc. (AFCG) reported a net loss of $20.7M for fiscal year 2025.
Dividend & Returns
Yes, Advanced Flower Capital Inc. (AFCG) pays a dividend with a yield of 31.34%. This makes it attractive for income-focused investors.
Advanced Flower Capital Inc. (AFCG) has a return on equity (ROE) of -11.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Advanced Flower Capital Inc. (AFCG) offers a 31.34% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More AFCG
Advanced Flower Capital Inc. (AFCG) financial analysis — history, returns, DCA and operating performance tools
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