Advanced Flower Capital Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $24.6M | $45.7M | $63.9M | $74.7M | — |
| Operating expenses | $15.7M | $17.3M | $21.6M | $23.4M | $14.4M |
| Interest expense | $6.8M | $6.3M | $6.4M | $6.8M | $1.1M |
| Pretax income | -$21.3M | $14.3M | $22.4M | $37.0M | $21.0M |
| Income tax expense | -$613,379 | $447,587 | $1.7M | $1.0M | $35,167 |
| Net income | -$20.7M | $16.8M | $21.0M | $35.9M | $21.0M |
| Balance Sheet | |||||
| Cash and equivalents | $38.6M | $103.6M | $90.4M | $140.4M | $109.2M |
| Total assets | $275.6M | $402.1M | $466.6M | $519.2M | $464.8M |
| Total liabilities | $100.0M | $200.7M | $146.5M | $180.1M | $191.8M |
| Stockholders' equity | $175.6M | $201.4M | $320.1M | $339.1M | $273.1M |
| Cash Flow Statement | |||||
| Cash from operations | $11.2M | $21.6M | $21.2M | $31.3M | $9.5M |
| Stock-based compensation | $6.8M | $1.4M | $988,913 | $1.3M | $1.7M |
| Dividends paid | $19.3M | $40.0M | $42.5M | $41.6M | $14.4M |
Shares outstanding 23.5M · Free float 37.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.