Advanced Flower Capital Inc. (AFCG) Revenue History
Annual and quarterly revenue from 2020 to present
AFCG Revenue Over Time (2020–2025)
AFCG Revenue Growth History
3 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +231.6%
- FY2022 revenue growth
- +87.9%
- FY2023 revenue growth
- -27.6%
- FY2024 revenue growth
- +0.2%
- FY2025 revenue growth
- -39.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $9.8M | +41.1% |
| Q4 2025 | $6.6M | +185.4% |
| Q3 2025 | $-841,830 | -109.7% |
| Q2 2025 | $6.3M | -72.1% |
| Q1 2025 | $7.0M | -10.8% |
| Q4 2024 | $2.3M | -38.0% |
| Q3 2024 | $8.7M | -41.4% |
| Q2 2024 | $22.7M | +45.0% |
Multi-year avg. share of annual revenue by fiscal quarter
AFCG Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 22, 2026, Advanced Flower Capital Inc. (AFCG) generated trailing twelve-month (TTM) revenue of $21.9 million, reflecting explosive growth of +41.1% year-over-year. The most recent quarter (Q1 2026) recorded $9.8 million in revenue, up 47.8% sequentially.
Historical Growth Trajectory
AFCG's 5-year compound annual growth rate (CAGR) stands at +22.2%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -24.1% is below the 5-year average, signalling a growth deceleration in recent years. Advanced Flower Capital Inc.'s highest annual revenue of $71.5 million was recorded in 2022.
Peer Comparison
Compared to Real Estate sector peers — including REFI (+9.0% YoY), LIEN, and TPVG — AFCG has underperformed the peer group in revenue growth. Compare AFCG vs REFI →
AFCG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AFCGCurrent | $22M | +41.1% | +22.2% | -43.6% | |
 REFI | $63M | +9.0% | - | 57.1% | |
 LIEN | $54M | - | - | 63.6% | |
 TPVG | $97M | - | - | 77.9% | |
 SUNS | $26M | +133.7% | - | 64.2% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% |
AFCG Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $31.3M | -39.6% | $28.4M | 90.7% | $-13,653,520 | -43.6% |
| 2024 | $51.9M | +0.2% | $41.5M | 80.0% | $13.9M | 26.7% |
| 2023 | $51.8M | -27.6% | $51.8M | 100.0% | $30.9M | 59.7% |
| 2022 | $71.5M | +87.9% | $60.4M | 84.4% | $43.8M | 61.2% |
| 2021 | $38.1M | +231.6% | $35.4M | 93.0% | $21.0M | 55.2% |
| 2020 | $11.5M | - | $11.5M | 100.0% | $5.8M | 50.3% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AFCG — Frequently Asked Questions
Quick answers to the most common questions about buying AFCG stock.
Is AFCG's revenue growth accelerating or slowing?
AFCG revenue growth is accelerating. TTM revenue reached $22M, up +41.1% year-over-year — ahead of the 5-year CAGR of +22.2%. This indicates the business is expanding faster than its historical baseline.
What is AFCG's revenue history from 2020 to 2026?
Advanced Flower Capital Inc. (AFCG) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $22M, growing at +41.1% YoY. The 5-year CAGR is +22.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AFCG's long-term revenue growth rate (CAGR)?
Advanced Flower Capital Inc.'s 5-year revenue CAGR of +22.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +41.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AFCG.
Why does AFCG's quarterly revenue fluctuate?
AFCG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Advanced Flower Capital Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is AFCG's revenue distributed by segment?
AFCG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AFCG's revenue compare to industry peers?
Advanced Flower Capital Inc. (AFCG) with TTM revenue of $22M and +41.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.