Listed

Advanced Flower Capital Inc.

AFCGNasdaqCIK 1822523OtherFiscal year ends Dec 31

Latest reported revenue, Q4 FY2025$5.2mRevenue, Q4 FY2025, three months to 2025-12-31$5.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Report this figureThree months to Dec 31, 2025, from the 10-K filed Mar 4, 2026.

Latest quarter: Q2 FY2026

Three months to Jun 30, 2026, against the same quarter a year earlier.

  • Revenuenot reported (Revenue not reported)No year-earlier figure to compare
  • Gross marginnot reported (Gross profit and Revenue not reported)No year-earlier figure to compare
  • Operating marginnot reported (Operating income and Revenue not reported)No year-earlier figure to compare
  • Net marginnot reported (Revenue not reported)No year-earlier figure to compare
  • Diluted EPS$0.23Diluted EPS, Q2 FY2026, three months to 2026-06-30$0.23 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Report this figureSign changed from a year earlier
  • Free cash flownot reported (Capital expenditure not reported)No year-earlier figure to compare

Last eight quarters

Full statements
Revenue$5.2mNet margin 17.6%
Diluted EPS$0.23, Q2 FY2026
Advanced Flower Capital Inc., key figures for the last eight quarters
Line itemUnitQ3 FY20242024-09-30Q4 FY20242024-12-31Q1 FY20252025-03-31Q2 FY20252025-06-30Q3 FY20252025-09-30Q4 FY20252025-12-31Q1 FY20262026-03-31Q2 FY20262026-06-30Shape over the periods
Revenue$k8,882Revenue, Q3 FY2024, three months to 2024-09-30$8.9m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figure7,637Revenue, Q4 FY2024, three months to 2024-12-31$7.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Report this figure6,643Revenue, Q1 FY2025, three months to 2025-03-31$6.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2026-05-07, accession 0001628280-26-031692.Report this figure6,203Revenue, Q2 FY2025, three months to 2025-06-30$6.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Report this figure6,531Revenue, Q3 FY2025, three months to 2025-09-30$6.5m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figure5,186Revenue, Q4 FY2025, three months to 2025-12-31$5.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Report this figurenot reported (Revenue not reported)not reported (Revenue not reported)
Gross margin%not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)
Operating margin%not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income and Revenue not reported)not reported (Operating income and Revenue not reported)
Net margin%15.6%Net margin, Q3 FY2024, three months to 2024-09-30. net income / revenueNet income: $1.4m. XBRL concept us-gaap:ProfitLoss. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Revenue: $8.9m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figure(13.0%)Net margin, Q4 FY2024, three months to 2024-12-31. net income / revenueNet income: −$991.5k. XBRL concept us-gaap:ProfitLoss. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Revenue: $7.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Report this figure61.2%Net margin, Q1 FY2025, three months to 2025-03-31. net income / revenueNet income: $4.1m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-05-07, accession 0001628280-26-031692.Revenue: $6.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2026-05-07, accession 0001628280-26-031692.Report this figure(212.2%)Net margin, Q2 FY2025, three months to 2025-06-30. net income / revenueNet income: −$13.2m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Revenue: $6.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Report this figure(191.3%)Net margin, Q3 FY2025, three months to 2025-09-30. net income / revenueNet income: −$12.5m. XBRL concept us-gaap:ProfitLoss. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Revenue: $6.5m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figure17.6%Net margin, Q4 FY2025, three months to 2025-12-31. net income / revenueNet income: $914.0k. XBRL concept us-gaap:ProfitLoss. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Revenue: $5.2m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392. Derived: 12-month figure less the 9-month figure.Report this figurenot reported (Revenue not reported)not reported (Revenue not reported)
Diluted EPS$ per share0.06Diluted EPS, Q3 FY2024, three months to 2024-09-30$0.06 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figurenot reported (Diluted EPS not reported)0.18Diluted EPS, Q1 FY2025, three months to 2025-03-31$0.18 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-07, accession 0001628280-26-031692.Report this figure(0.60)Diluted EPS, Q2 FY2025, three months to 2025-06-30−$0.60 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Report this figure(0.57)Diluted EPS, Q3 FY2025, three months to 2025-09-30−$0.57 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-11-12, accession 0001628280-25-051319.Report this figurenot reported (Diluted EPS not reported)0.49Diluted EPS, Q1 FY2026, three months to 2026-03-31$0.49 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-07, accession 0001628280-26-031692.Report this figure0.23Diluted EPS, Q2 FY2026, three months to 2026-06-30$0.23 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-13, accession 0001628280-26-056471.Report this figure
Free cash flow$knot reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)

Focus or hover a figure to see its XBRL concept, period and filing; each links to that filing. A figure marked d is derived: a quarter computed from year-to-date figures, such as the fourth quarter as the fiscal year less the nine months before it. A ratio reads not reported when any input is missing.

Last five fiscal years

Revenue$24.6mNet margin −84.2%
Diluted EPS−$0.95, FY2025
Advanced Flower Capital Inc., key figures for the last five fiscal years
Line itemUnitFY20212021-12-31FY20222022-12-31FY20232023-12-31FY20242024-12-31FY20252025-12-31Shape over the periods
Revenue$mnot reported (Revenue not reported)74.7Revenue, FY2022, twelve months to 2022-12-31$74.7m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2024-03-07, accession 0001822523-24-000014.Report this figure63.9Revenue, FY2023, twelve months to 2023-12-31$63.9m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2025-03-13, accession 0001822523-25-000003.Report this figure45.7Revenue, FY2024, twelve months to 2024-12-31$45.7m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure24.6Revenue, FY2025, twelve months to 2025-12-31$24.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure
Gross margin%not reported (Gross profit and Revenue not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)not reported (Gross profit not reported)
Operating margin%not reported (Operating income and Revenue not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)not reported (Operating income not reported)
Net margin%not reported (Revenue not reported)48.1%Net margin, FY2022, twelve months to 2022-12-31. net income / revenueNet income: $35.9m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2024-03-07, accession 0001822523-24-000014.Revenue: $74.7m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2024-03-07, accession 0001822523-24-000014.Report this figure32.8%Net margin, FY2023, twelve months to 2023-12-31. net income / revenueNet income: $21.0m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2024-03-07, accession 0001822523-24-000014.Revenue: $63.9m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2025-03-13, accession 0001822523-25-000003.Report this figure36.8%Net margin, FY2024, twelve months to 2024-12-31. net income / revenueNet income: $16.8m. XBRL concept us-gaap:ProfitLoss. 10-K filed 2026-03-04, accession 0001628280-26-014392.Revenue: $45.7m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure(84.2%)Net margin, FY2025, twelve months to 2025-12-31. net income / revenueNet income: −$20.7m. XBRL concept us-gaap:ProfitLoss. 10-K filed 2026-03-04, accession 0001628280-26-014392.Revenue: $24.6m. XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure
Diluted EPS$ per share1.52Diluted EPS, FY2021, twelve months to 2021-12-31$1.52 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2023-03-07, accession 0001822523-23-000006.Report this figure1.79Diluted EPS, FY2022, twelve months to 2022-12-31$1.79 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2024-03-07, accession 0001822523-24-000014.Report this figure1.02Diluted EPS, FY2023, twelve months to 2023-12-31$1.02 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2025-03-13, accession 0001822523-25-000003.Report this figure0.78Diluted EPS, FY2024, twelve months to 2024-12-31$0.78 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure(0.95)Diluted EPS, FY2025, twelve months to 2025-12-31−$0.95 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2026-03-04, accession 0001628280-26-014392.Report this figure
Free cash flow$mnot reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)not reported (Capital expenditure not reported)

Focus or hover a figure to see its XBRL concept, period and filing; each links to that filing. A figure marked d is derived: a quarter computed from year-to-date figures, such as the fourth quarter as the fiscal year less the nine months before it. A ratio reads not reported when any input is missing.

Insider purchases and sales

All insider transactions

The last 20 open-market transactions reported on Form 4 (codes P and S). The reported price is the price per share the insider stated on the form: filing data, not a market price.

No open-market purchases or sales by insiders are in coverage from Nov 2024 to Oct 2026.

No open-market purchases or sales by insiders are in coverage for this company.

Funds that report holding it

All funds

From each manager's latest Form 13F, largest reported value first. Reported value is as filed at the quarter end: filing data, not a price. A put or call is an option position, not shares held.

Funds that report holding Advanced Flower Capital Inc.
FundQuarter endedReported valueSharesPut or callChange on the quarter before
CDC Financial, Inc.2026-06-30$5.6m1,797,359Added+324,181
JANE STREET GROUP, LLC2026-06-30$1.3m418,479Added+189,412
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2026-06-30$683.2k220,387Added+27,841
SUSQUEHANNA INTERNATIONAL GROUP, LLP2026-06-30$619.7k199,911Added+55,441
Squarepoint Ops LLC2026-06-30$594.6k191,798Added+130,652
SUSQUEHANNA INTERNATIONAL GROUP, LLP2026-06-30$558.3k180,100PutAdded+50,500
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2026-06-30$537.0k173,233New+173,233
MORGAN STANLEY2026-06-30$376.8k121,543Added+399
D. E. Shaw & Co., Inc.2026-06-30$361.1k116,471Added+18,847
CITADEL ADVISORS LLC2026-06-30$354.7k114,407Reduced−86,443

Recent filings

All 350 filings

Reports and events: 10-K, 10-Q, 8-K, proxy statements and ownership schedules.

Advanced Flower Capital Inc., recent filings
FiledFormWhat it isAccession number
2026-09-2916:15 ET8-K1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits0001628280-26-063811
2026-09-1517:16 ET8-K7.01 Regulation FD disclosure0001628280-26-062097
2026-09-1517:12 ETSCHEDULE 13D/AOwnership report, active investor, amended0001829126-26-010121
2026-08-2616:37 ET8-K7.01 Regulation FD disclosure0001628280-26-059110
2026-08-2616:25 ETSCHEDULE 13D/AOwnership report, active investor, amended0001829126-26-009359
2026-08-1307:35 ET8-K2.02 Results of operations; 9.01 Financial statements and exhibits0001628280-26-056475
2026-08-1307:30 ET10-QQuarterly reportPeriod 2026-06-300001628280-26-056471
2026-06-3016:30 ET8-K1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits0001628280-26-046244
2026-06-1816:19 ET8-K7.01 Regulation FD disclosure0001628280-26-044326
2026-06-1816:10 ETSCHEDULE 13D/AOwnership report, active investor, amended0001829126-26-006681

Latest annual report

Form 10-K for the fiscal year ended Dec 31, 2025Filed Mar 4, 2026. Its page lists the documents and the extracted sections, such as Business and Risk factors.

Forecast league

Not in this season’s league. The league lists companies whose quarter has ended and whose results are not yet filed.This season’s league

About the filer

CIK
1822523
Tickers
AFCG
Exchange
Nasdaq
SIC code
not reported
Sector
Other
Fiscal year ends
Dec 31
Incorporated in
MD
Filer category
<br>Emerging growth company
Former names
AFC Gamma, Inc. (to 2024-09-05)

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. Listed shows no prices and gives no investment advice.