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Advanced Flower Capital Inc. Announces Financial Results for the First Quarter 2025
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Mon 08 Aug 22, 11:00 AM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -21.28681M | 14.31M | 22.38M | 36.96M | 21.04M |
| Minority interest | - | - | - | - | - |
| Net income | -20.67343M | 16.78M | 20.95M | 35.93M | 21.00M |
| Selling general administrative | 4.68M | 5.53M | 19.85M | 6.04M | 4.96M |
| Selling and marketing expenses | - | - | 1.01M | - | - |
| Gross profit | 28.39M | 41.49M | 51.80M | 60.36M | 35.43M |
| Reconciled depreciation | - | - | - | - | - |
| Ebit | - | 13.86M | -18.62638M | -26.54845M | -13.32864M |
| Ebitda | -14.52827M | 20.65M | 26.98M | 43.77M | 21.04M |
| Depreciation and amortization | - | - | 45.61M | - | - |
| Non operating income net other | - | - | - | -3.59309M | 0.62M |
| Operating income | -13.65352M | 13.86M | 30.94M | 43.77M | 21.04M |
| Other operating expenses | 44.98M | 31.25M | 20.86M | 17.48M | 17.05M |
| Interest expense | 6.76M | 6.34M | 6.36M | 6.81M | 1.13M |
| Tax provision | -0.61338M | 0.45M | 1.66M | 1.03M | 0.04M |
| Interest income | 31.32M | 51.99M | 70.54M | 81.50M | 38.14M |
| Net interest income | 24.56M | 45.66M | 64.18M | 74.68M | 37.01M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -0.61338M | 0.45M | 1.66M | 1.03M | 0.04M |
| Total revenue | 31.32M | 51.90M | 51.80M | 71.54M | 38.08M |
| Total operating expenses | 42.05M | 17.28M | 20.86M | 6.30M | -17.04780M |
| Cost of revenue | 2.93M | 10.36M | 14.06M | 11.18M | 2.65M |
| Total other income expense net | -7.63328M | 0.45M | -8.56746M | -6.81407M | 28.02M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -20.67343M | 13.86M | 20.95M | 35.93M | 21.00M |
| Net income applicable to common shares | - | - | - | 35.93M | 21.00M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 275.59M | 402.06M | 466.59M | 519.18M | 464.85M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | -207.56528M | 3.20M | -127.17990M | 0.46M | 0.95M |
| Total liab | 100.03M | 200.68M | 146.53M | 180.12M | 191.77M |
| Total stockholder equity | 175.57M | 201.38M | 320.05M | 339.06M | 273.08M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | -0.76318M | 11.57M | 44.41M | -65.07425M | -82.14845M |
| Common stock | 0.24M | 0.22M | 0.20M | 0.20M | 0.16M |
| Capital stock | 0.24M | 0.22M | 0.20M | 0.20M | 0.16M |
| Retained earnings | -83.36191M | -50.71295M | -29.95824M | -9.96219M | -1.09288M |
| Other liab | - | - | - | - | - |
| Good will | - | - | - | - | - |
| Other assets | 28.52M | 402.06M | -0.20261M | 519.18M | 319.43M |
| Cash | 38.61M | 103.61M | 121.63M | 140.37M | 109.25M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 76.32M | 112.07M | 88.01M | 65.07M | 82.15M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 37.72M | 85.00M | 8.39M | 16.76M | 62.17M |
| Short term debt | 76.32M | 100.00M | 42.00M | 60.00M | 74.85M |
| Short long term debt | 21.00M | 100.00M | 42.00M | 60.00M | 74.85M |
| Short long term debt total | 76.32M | 188.61M | 130.01M | 157.13M | 171.42M |
| Other stockholder equity | 258.69M | 251.87M | 349.81M | 348.82M | 274.17M |
| Property plant equipment | - | - | - | - | - |
| Total current assets | 39.50M | 402.06M | 404.38M | 145.63M | 129.54M |
| Long term investments | - | - | - | 99.23M | 350.24M |
| Net tangible assets | - | - | - | 339.06M | 273.08M |
| Short term investments | - | - | - | 0.10M | 15.88M |
| Net receivables | 0.90M | 295.25M | 5.55M | 5.26M | 4.41M |
| Long term debt | 76.32M | 88.61M | 88.01M | 97.13M | 96.57M |
| Inventory | - | - | - | - | - |
| Accounts payable | 0.76M | 0.50M | 1.61M | 5.07M | 7.30M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | 0.00000M | -0.00000M | - | -0.16875M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 0.20M | 0.16M |
| Preferred stock total equity | - | - | - | 0.00000M | 0.00000M |
| Retained earnings total equity | - | - | - | -9.96219M | -1.09288M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 27.12M | 29.13M | 62.41M | 519.18M | -15.88125M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 236.09M | 29.83M | 62.41M | 519.18M | 15.88M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | - | 97.13M | 96.57M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -4.84892M | 28.52M | -16.34369M | -248.45809M |
| Change to liabilities | - | - | - | 0.96M | 5.55M |
| Total cashflows from investing activities | 34.90M | -4.84892M | 28.52M | -16.34369M | -248.45809M |
| Net borrowings | -91.51900M | 58.00M | -25.73750M | -15.57851M | 171.47M |
| Total cash from financing activities | -111.14480M | -34.72475M | -68.49470M | 16.15M | 338.54M |
| Change to operating activities | - | - | - | 2.45M | 3.49M |
| Net income | -20.67343M | 13.86M | 20.72M | 35.93M | 21.00M |
| Change in cash | -65.00495M | -18.01599M | -18.74639M | 31.13M | 99.62M |
| Begin period cash flow | 103.61M | 121.63M | 140.37M | 109.25M | 9.62M |
| End period cash flow | 38.61M | 103.61M | 121.63M | 140.37M | 109.25M |
| Total cash from operating activities | 11.24M | 21.56M | 21.23M | 31.32M | 9.54M |
| Issuance of capital stock | 0.00000M | 15.85M | 0.00000M | 75.06M | 185.50M |
| Depreciation | 0.25M | 1.03M | 0.95M | 0.26M | 0.03M |
| Other cashflows from investing activities | 34.90M | -4.84892M | 28.52M | - | - |
| Dividends paid | 19.35M | 39.99M | 42.53M | 41.62M | 14.39M |
| Change to inventory | - | - | - | - | 2.50M |
| Change to account receivables | 0.95M | 1.73M | 1.50M | -0.84454M | -2.29906M |
| Sale purchase of stock | 0.00000M | -0.12500M | 0.00000M | 73.35M | 185.50M |
| Other cashflows from financing activities | 0.28M | -68.58406M | -0.22500M | 57.71M | 167.43M |
| Change to netincome | - | - | - | 15.66M | 3.33M |
| Capital expenditures | 0.00000M | 0.00001M | 0.00000M | 0.00000M | 0.00000M |
| Change receivables | - | - | - | -0.84454M | -3.48565M |
| Cash flows other operating | - | - | - | -9.54125M | -11.30335M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | 31.13M | 99.62M |
| Change in working capital | -2.05749M | -0.94223M | -4.59747M | -1.05814M | -4.80365M |
| Stock based compensation | 6.84M | 1.39M | 0.99M | 1.34M | 1.75M |
| Other non cash items | 26.87M | 6.22M | 4.12M | -5.15314M | -8.40416M |
| Free cash flow | 11.24M | 21.56M | 21.23M | 31.32M | 9.54M |
Sector: Financial Services Industry: Asset Management
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | |
|---|---|---|---|---|---|---|---|---|
| AFCG AFC Gamma Inc |
-0.17 4.64% | 3.49 | - | 3.60 | 33.39 | 0.38 | 9.86 | |
| BLK BlackRock Inc |
-26.96 2.64% | 995.60 | 26.25 | 19.57 | 6.33 | 2.90 | 6.35 | 17.13 |
| BX Blackstone Group Inc |
-3.2 2.70% | 115.35 | 33.20 | 20.12 | 11.05 | 11.56 | 9.14 | 15.74 |
| BN Brookfield Corp |
-0.45 1.00% | 44.60 | 94.78 | 11.89 | 1.35 | 2.37 | 4.58 | 10.79 |
| IVSXF Investor AB (publ) |
- -% | 40.41 | 20.83 | - | 0.88 | 1.11 | 10.01 | 1.68 |
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.
477 S. Rosemary Avenue, West Palm Beach, FL, United States, 33401
| Name | Title | Year Born |
|---|---|---|
| Mr. Leonard Mark Tannenbaum C.F.A. | Co-Founder, Partner, CEO & Chairman | 1971 |
| Ms. Robyn Tannenbaum | Co-Founder, MD, Partner and Head of Origination & Investor Relations | 1986 |
| Mr. Brett H. Kaufman | CFO & Treasurer | 1972 |
| Mr. Jonathan Gilbert Kalikow | Partner, Head of Real Estate & Director | 1971 |
| Ms. Hailey Nicholas | Accounting Mang. | NA |
| Mr. Gabriel A. Katz | Chief Legal Officer | 1988 |
| Mr. James F. Velgot | Chief Marketing Officer | 1962 |
| Mr. Michael Attar | Controller of Tannenbaum Family Office | NA |
| Mr. Ian Kirby | Chief of Staff | NA |
| Mr. Brandon Hetzel | VP & Controller | NA |
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