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    AFCG

    Advanced Flower Capital Inc.

    Company overview

    Market capitalization
    $81.39M
    Employees
    0
    Latest publication
    2026-09-29
    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, cash flows, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company was formerly known as AFC Gamma, Inc. and changed its name to Advanced Flower Capital Inc. in October 2024. Advanced Flower Capital Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Operating Expenses5,200,000USD-5,730,236USD3,200,416USD2,231,719USD1,918,136USD1,660,642USD3,549,416USD1,274,770USD
    Income Before Tax3,691,984USD12,053,942USD1,200,967USD-13,365,168USD-13,302,695USD4,180,091USD-1,374,538USD1,604,046USD
    Income Tax Expense5,200,000USD626,595USD286,921USD-874,662USD-138,044USD112,406USD-383,004USD386,256USD
    Total Revenue—9,813,218USD6,640,305USD-841,830USD6,325,181USD6,956,580USD2,326,398USD8,700,946USD
    Cost Of Revenue—1,762,972USD716,181USD—17,709,740USD1,115,847USD1,932,246USD181,370USD
    Gross Profit—8,050,246USD5,924,124USD-841,830USD-11,384,559USD5,840,733USD2,326,398USD8,519,576USD
    Selling General Administrative—1,324,407USD6,291,711USD1,744,283USD1,330,252USD1,288,706USD3,289,646USD2,256,555USD
    Unclassified Operating Expenses—-7,054,643USD-3,091,295USD—————
    Operating Income—13,780,482USD2,723,708USD-3,073,549USD-13,302,695USD4,180,091USD-1,223,018USD6,225,748USD
    Interest Income—8,003,430USD6,640,305USD8,162,075USD8,061,509USD8,458,248USD9,224,069USD10,455,021USD
    Interest Expense—1,726,540USD1,453,964USD1,631,127USD1,858,174USD1,815,271USD1,587,165USD1,572,705USD
    Net Interest Income—6,475,578USD5,186,341USD6,530,948USD6,203,335USD6,642,977USD7,636,904USD8,882,316USD
    Tax Provision—626,595USD286,921USD-874,662USD-138,044USD112,406USD-383,004USD386,256USD
    Net Income—11,427,347USD914,046USD-12,490,506USD-13,164,651USD4,067,685USD-991,534USD1,383,734USD
    Net Income From Continuing Ops—11,427,347USD914,046USD-12,490,506USD-13,164,651USD4,067,685USD-991,534USD1,217,790USD
    Ebitda—13,780,482USD2,654,931USD-11,734,041USD-13,302,695USD4,180,091USD212,627USD3,176,751USD
    Total Other Income Expense Net—-1,726,540USD-1,522,741USD-10,291,619USD-1,282,750USD112,406USD-151,520USD-4,621,702USD
    Selling And Marketing Expenses———487,436USD484,502USD—259,770USD—
    Ebit———-11,734,041USD-11,217,741USD4,067,685USD-4,098,648USD6,225,748USD
    Depreciation And Amortization———210,915USD——4,311,275USD—
    SourceDisclosurePreliminaryLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Revenue31,322,137USD51,898,451USD51,800,170USD71,541,547USD38,083,462USD11,483,306USD
    Cost Of Revenue2,927,867USD10,361,821USD14,064,305USD11,177,470USD2,649,338USD364,194USD
    Gross Profit28,394,270USD41,494,025USD51,800,170USD60,364,077USD35,434,124USD11,483,306USD
    Selling General Administrative4,683,003USD5,531,248USD19,847,849USD6,038,145USD4,958,657USD5,710,606USD
    Unclassified Operating Expenses37,364,787USD11,752,799USD——-22,006,456USD—
    Total Operating Expenses42,047,790USD17,284,047USD20,855,997USD6,301,637USD-17,047,798USD5,710,606USD
    Operating Income-13,653,520USD13,862,137USD30,944,173USD43,772,796USD21,035,664USD5,772,700USD
    Interest Income31,322,137USD51,991,789USD70,535,087USD81,498,717USD38,140,487USD—
    Interest Expense6,758,536USD6,336,308USD6,357,457USD6,814,075USD1,126,846USD0USD
    Net Interest Income24,563,601USD45,655,481USD64,177,630USD74,684,642USD37,013,641USD—
    Income Before Tax-21,286,805USD14,309,724USD22,376,714USD36,958,721USD21,035,664USD10,352,717USD
    Income Tax Expense-613,379USD447,587USD1,659,337USD1,026,324USD35,167USD4,779,030USD
    Tax Provision-613,379USD447,587USD1,659,337USD1,026,324USD35,167USD—
    Net Income-20,673,426USD16,784,205USD20,951,999USD35,932,397USD21,000,497USD10,352,717USD
    Net Income From Continuing Ops-20,673,426USD13,862,137USD20,951,999USD35,932,397USD21,000,497USD—
    Ebitda-14,528,269USD20,646,032USD26,982,412USD43,772,796USD21,035,664USD4,779,030USD
    Total Other Income Expense Net-7,633,285USD447,587USD-8,567,459USD-6,814,075USD28,016,078USD4,580,017USD
    Ebit—13,862,137USD-18,626,382USD43,772,796USD21,035,664USD10,551,731USD
    Research Development——0USD0USD1USD1USD
    Selling And Marketing Expenses——1,008,148USD———
    Depreciation And Amortization——45,608,794USD-40,101,816USD-19,965,843USD-5,772,701USD
    Non Operating Income Net Other———-3,593,095USD619,821USD—
    Net Income Applicable To Common Shares———35,932,397USD21,000,497USD10,352,717USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets399,718,181USD394,876,923USD275,594,747USD288,717,219USD290,589,955USD321,655,289USD402,057,313USD366,618,408USD
    Cash And Equivalents106,508,623USD———————
    Total Liabilities212,448,681USD———————
    Total Stockholder Equity187,269,500USD185,818,892USD175,567,987USD169,338,823USD184,731,074USD200,800,490USD201,376,138USD206,061,312USD
    Total Equity Including Noncontrolling Interest187,269,500USD———————
    Common Stock226,894USD235,288USD235,288USD225,945USD225,951USD225,960USD223,329USD218,821USD
    Retained Earnings-68,885,840USD-73,111,005USD-83,361,910USD-84,275,956USD-68,396,269USD-51,842,351USD-50,712,954USD-42,351,554USD
    Other Current Assets—-1,290,660USD-207,565,281USD—3,220,609USD13,107,527USD3,197,714USD1,896,611USD
    Total Liab—209,058,031USD100,026,760USD119,378,396USD105,858,881USD120,854,799USD200,681,175USD160,557,096USD
    Other Current Liab—-74,621,494USD1,091,033USD4,838,179USD5,815,008USD9,025,002USD11,567,697USD11,436,936USD
    Capital Stock—235,288USD235,288USD225,945USD225,951USD225,960USD223,329USD218,821USD
    Other Assets—280,855,328USD—19,260,080USD290,589,955USD321,655,289USD402,057,313USD366,618,408USD
    Cash—112,730,935USD38,605,507USD45,120,389USD3,410,065USD3,318,303USD103,610,460USD122,163,732USD
    Cash And Short Term Investments—112,730,935USD38,605,507USD45,120,389USD3,410,065USD3,318,303USD103,610,460USD122,163,732USD
    Total Current Assets—112,730,935USD39,504,889USD45,901,623USD290,589,955USD321,655,289USD402,057,313USD366,618,408USD
    Total Current Liabilities—5,068,784USD22,854,213USD29,037,987USD16,951,201USD32,095,700USD112,069,025USD72,095,160USD
    Net Debt—89,717,281USD58,716,986USD65,937,506USD95,897,615USD107,690,796USD85,001,690USD26,298,204USD
    Short Term Debt—76,448,216USD21,000,000USD22,000,000USD10,400,000USD22,250,000USD100,000,000USD60,000,000USD
    Short Long Term Debt Total—202,448,216USD97,322,493USD111,057,895USD99,307,680USD111,009,099USD188,612,150USD148,461,936USD
    Long Term Investments—279,237,624USD——————
    Net Receivables—1,290,660USD899,382USD781,234USD283,959,281USD305,229,459USD295,249,139USD242,558,065USD
    Accounts Payable—3,242,062USD763,180USD2,199,808USD736,193USD820,698USD501,328USD658,224USD
    Common Stock Shares Outstanding—23,528,844shares22,739,319shares22,160,176shares22,116,886shares22,110,102shares20,888,980shares20,785,848shares
    Non Current Assets Total—282,145,988USD236,089,858USD242,815,596USD——29,829,983USD27,858,472USD
    Non Current Liabilities Total—203,989,247USD77,172,547USD90,340,409USD88,907,680USD88,759,099USD88,612,150USD88,461,936USD
    Non Currrent Assets Other—2,108,364USD2,443,814USD2,336,271USD——29,129,983USD27,858,472USD
    Unclassified Current Assets—-1,290,660USD——————
    Unclassified Non Current Assets—-280,055,328USD233,646,044USD221,219,245USD——-401,357,313USD-366,618,408USD
    Unclassified Current Liabilities—-74,621,494USD-21,000,000USD-22,000,000USD-10,400,000USD-22,250,000USD-100,000,000USD-60,000,000USD
    Unclassified Non Current Liabilities—203,989,247USD—1,282,514USD————
    Unclassified Equity—258,459,321USD258,459,321USD253,162,889USD252,675,441USD252,190,921USD251,642,434USD247,975,224USD
    Short Long Term Debt——21,000,000USD22,000,000USD10,400,000USD22,250,000USD100,000,000USD60,000,000USD
    Long Term Debt——76,322,493USD89,057,895USD88,907,680USD88,759,099USD88,612,150USD88,461,936USD
    Accumulated Other Comprehensive Income————0USD0USD0USD0USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Assets275,594,747USD402,057,313USD466,585,055USD519,176,899USD464,848,360USD93,961,692USD
    Other Current Assets-207,565,281USD3,197,714USD37,486,513USD-145,630,316USD-129,540,236USD999,387USD
    Total Liab100,026,760USD200,681,175USD146,532,830USD180,117,530USD191,773,186USD2,313,980USD
    Total Stockholder Equity175,567,987USD201,376,138USD320,052,225USD339,059,369USD273,075,174USD91,647,712USD
    Other Current Liab-763,180USD11,567,697USD15,803,587USD-64,237,611USD-80,619,466USD2,159,085USD
    Common Stock235,288USD223,329USD204,577USD203,640USD163,866USD61,794USD
    Capital Stock235,288USD223,329USD204,578USD203,641USD163,867USD61,795USD
    Retained Earnings-83,361,910USD-50,712,954USD-29,958,243USD-9,962,186USD-1,092,877USD517,720USD
    Other Assets28,524,577USD402,057,313USD466,585,055USD519,176,899USD464,848,360USD34,780,434USD
    Cash38,605,507USD103,610,460USD90,381,831USD140,372,841USD109,246,048USD9,623,820USD
    Cash And Short Term Investments38,605,507USD103,610,460USD90,381,831USD140,372,841USD125,127,298USD9,623,820USD
    Total Current Assets39,504,889USD402,057,313USD466,585,055USD145,630,316USD129,540,236USD93,961,692USD
    Total Current Liabilities76,322,493USD112,069,025USD58,508,272USD65,074,253USD82,148,446USD2,313,980USD
    Net Debt37,716,986USD85,001,690USD39,632,727USD16,758,936USD62,171,963USD-9,623,820USD
    Short Term Debt76,322,493USD100,000,000USD42,000,000USD60,000,000USD74,845,355USD215,432USD
    Short Long Term Debt21,000,000USD100,000,000USD42,000,000USD60,000,000USD74,845,355USD0USD
    Short Long Term Debt Total76,322,493USD188,612,150USD130,014,558USD157,131,777USD171,418,011USD48,630,146USD
    Long Term Debt76,322,493USD88,612,150USD88,014,558USD97,131,777USD96,572,656USD—
    Net Receivables899,382USD295,249,139USD338,716,711USD5,257,475USD4,412,938USD83,338,485USD
    Accounts Payable763,180USD501,328USD704,685USD4,237,611USD5,774,111USD154,895USD
    Common Stock Shares Outstanding22,282,784shares20,888,980shares20,345,919shares19,957,737shares16,442,812shares13,366,892shares
    Non Current Assets Total236,089,858USD29,829,983USD466,585,055USD99,686,895USD15,881,250USD48,630,146USD
    Non Current Liabilities Total23,704,267USD88,612,150USD88,024,558USD65,074,253USD96,572,656USD2,313,980USD
    Non Currrent Assets Other27,124,577USD29,129,983USD-466,585,055USD-419,490,004USD-15,881,250USD-45,331,546USD
    Unclassified Non Current Assets180,440,704USD-401,357,313USD—-518,716,055USD-799,207,205USD13,849,712USD
    Unclassified Current Liabilities-21,763,180USD-100,000,000USD-42,000,000USD-62,364,302USD-78,098,646USD-1,541,182USD
    Unclassified Non Current Liabilities-52,618,226USD——-37,856,248USD-6,789,905USD2,313,980USD
    Unclassified Equity258,459,321USD251,642,434USD349,601,313USD348,614,274USD274,009,068USD91,006,403USD
    Accumulated Other Comprehensive Income—0USD0USD0USD-168,750USD0USD
    Current Deferred Revenue———3,200,944USD4,782,271USD1,325,750USD
    Long Term Investments———99,226,051USD350,240,095USD—
    Short Term Investments———99,226USD15,881,250USD0USD
    Non Current Liabilities Other———5,798,724USD6,789,905USD—
    Net Tangible Assets———339,059,368USD273,075,173USD91,647,711USD
    Inventory————1USD1USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Deferred Income Tax762,884USD
    Change To Liabilities947,566USD
    Change In Working Capital1,327,149USD
    Operating Cash Flow-37,046,374USD
    Net Common Stock Issuance-2,748,323USD
    Common Dividends Paid-1,176,442USD
    Unclassified Financing Cash Flow108,874,255USD
    Financing Cash Flow104,949,490USD
    Change In Cash67,903,116USD
    End Cash Flow106,508,623USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income11,427,347USD914,046USD-12,490,506USD-13,164,651USD4,067,685USD-991,534USD1,383,734USD16,446,121USD
    Depreciation44,798USD—210,915USD—109,341USD355,614USD-59,007USD253,274USD
    Other Non Cash Items-8,374,083USD-4,477,611USD16,322,488USD16,022,170USD-741,581USD4,152,334USD3,166,496USD-8,137,776USD
    Change To Account Receivables911,162USD-728,680USD1,178,774USD153,992USD479,429USD-466,942USD250,549USD2,456,164USD
    Change In Working Capital3,217,283USD-2,312,435USD1,795,451USD-1,582,030USD41,521USD-1,554,156USD-2,066,316USD1,641,861USD
    Total Cash From Operating Activities6,270,547USD-560,882USD6,114,869USD1,759,991USD3,921,374USD2,222,028USD2,643,550USD10,319,549USD
    Capital Expenditures-3USD0USD-4USD0USD-4USD0USD-1USD-1USD
    Free Cash Flow6,270,550USD-560,882USD6,114,869USD1,759,991USD3,921,374USD2,222,028USD2,643,550USD10,319,549USD
    Total Cashflows From Investing Activities-37,114,695USD11,057,653USD27,394,728USD15,529,774USD-19,077,658USD-56,935,680USD-6,990,139USD112,957,766USD
    Net Borrowings105,000,000USD-13,519,000USD11,600,000USD-11,850,000USD-77,750,000USD40,000,000USD25,000,000USD—
    Total Cash From Financing Activities104,969,576USD-17,011,653USD8,200,727USD-17,198,003USD-85,135,873USD36,160,380USD-43,787,729USD-35,277,705USD
    Change In Cash74,125,428USD-6,514,882USD41,710,324USD91,762USD-100,292,157USD-18,553,272USD-48,134,318USD87,999,610USD
    Begin Period Cash Flow38,605,507USD45,120,389USD3,410,065USD3,318,303USD103,610,460USD122,163,732USD170,298,050USD82,298,440USD
    End Period Cash Flow112,730,935USD38,605,507USD45,120,389USD3,410,065USD3,318,303USD103,610,460USD122,163,732USD170,298,050USD
    Other Cashflows From Financing Activities104,969,576USD-103,472USD-10,006USD-150,921USD-16,007USD-130,930USD-67,913,215USD-350,000USD
    Unclassified Investing Cash Flow-37,114,692USD—-27,394,724USD-15,529,774USD19,077,662USD56,935,680USD6,990,140USD-112,957,765USD
    Unclassified Financing Cash Flow-105,000,000USD————3,512,386USD12,161,367USD-24,650,000USD
    Stock Based Compensation—5,315,118USD487,436USD484,502USD553,749USD259,770USD218,643USD369,343USD
    Dividends Paid—-3,389,181USD-3,389,267USD-5,197,082USD-7,369,866USD-7,221,076USD-13,020,269USD-9,927,705USD
    Sale Purchase Of Stock—0USD0USD——0USD-15,612USD-350,000USD
    Issuance Of Capital Stock—0USD———3,512,386USD——
    Other Cashflows From Investing Activities—11,057,653USD27,394,728USD15,529,774USD-19,077,658USD-56,935,680USD-6,990,139USD112,957,766USD
    Investments——27,394,728USD15,529,774USD-19,077,658USD-56,935,680USD-6,990,139USD112,957,766USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Net Income-20,673,426USD13,862,137USD20,717,377USD35,932,397USD21,000,497USD4,313,632USD
    Depreciation252,759USD1,025,142USD950,875USD262,386USD32,855USD—
    Stock Based Compensation6,840,805USD1,390,978USD988,913USD1,338,469USD1,745,872USD—
    Other Non Cash Items27,125,466USD6,221,650USD4,120,110USD-5,153,138USD-8,404,158USD-2,648,832USD
    Change To Account Receivables1,083,515USD1,733,098USD1,504,030USD-844,537USD-2,299,061USD-927,292USD
    Change In Working Capital-2,057,493USD-942,232USD-4,597,466USD-1,058,141USD-4,803,649USD-145,944USD
    Total Cash From Operating Activities11,235,352USD21,557,675USD21,228,934USD31,321,973USD9,538,562USD1,518,856USD
    Capital Expenditures0USD-5USD-4USD0USD0USD-4USD
    Free Cash Flow11,235,352USD21,557,675USD21,228,934USD31,321,973USD9,538,562USD1,518,860USD
    Total Cashflows From Investing Activities34,904,497USD-4,848,919USD28,519,379USD-16,343,685USD-248,458,088USD-32,426,274USD
    Net Borrowings-91,519,000USD58,000,000USD-25,737,500USD-15,578,508USD171,470,505USD175,000,000USD
    Total Cash From Financing Activities-111,144,802USD-34,724,749USD-68,494,701USD16,148,505USD338,541,754USD40,531,239USD
    Dividends Paid-19,345,396USD-39,988,745USD-42,532,201USD-41,619,272USD-14,389,688USD-3,795,912USD
    Sale Purchase Of Stock0USD-125,000USD0USD73,346,285USD185,501,294USD—
    Issuance Of Capital Stock0USD15,848,060USD0USD75,057,650USD185,501,294USD—
    Change In Cash-65,004,953USD-18,015,993USD-18,746,388USD31,126,793USD99,622,228USD9,623,820USD
    Begin Period Cash Flow103,610,460USD121,626,453USD140,372,841USD109,246,048USD9,623,820USD-1USD
    End Period Cash Flow38,605,507USD103,610,460USD121,626,453USD140,372,841USD109,246,048USD9,623,820USD
    Other Cashflows From Investing Activities34,904,497USD-4,848,919USD28,519,379USD-32,243,685USD-232,408,088USD-32,426,274USD
    Other Cashflows From Financing Activities-280,406USD-68,584,064USD-225,000USD57,710,127USD167,430,148USD49,641,428USD
    Investments—-4,848,919USD28,519,379USD-16,343,685USD-248,458,088USD-16,050,000USD
    Unclassified Investing Cash Flow—4,848,924USD-28,519,375USD32,243,685USD232,408,088USD16,050,004USD
    Unclassified Financing Cash Flow—15,973,060USD—-57,710,127USD-171,470,505USD-180,314,277USD
    Change To Liabilities———958,520USD5,553,128USD193,548USD
    Cash And Cash Equivalents Changes———31,126,793USD99,622,228USD—
    Change To Inventory————2,497,519USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.