Valuation, from the filing
| Public float | $80.94M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $3.44 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 3.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Advanced Flower Capital Inc. (AFCG) reported revenue of $24.56M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from Advanced Flower Capital Inc.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $24.56M | $45.66M | $63.93M | $74.68M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | Unavailable | Unavailable | $20.95M | $35.93M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 22.28M | shares 20.89M | shares 20.35M | shares 19.96M |
| Pretax income | -$21.29M | $14.31M | $22.38M | $36.96M |
| Income tax expense | -$613.38K | $447.59K | $1.66M | $1.03M |
| Diluted EPS | $-0.95 | $0.78 | $1.02 | $1.79 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $3.23M | $3.97M | $5.01M | $4.70M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash & equivalents | $38.61M | $103.61M | $90.38M | $140.37M |
| Total assets | $275.59M | $402.06M | $466.59M | $519.18M |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $100.03M | $200.68M | $146.53M | $180.12M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $175.57M | $201.38M | $320.05M | $339.06M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | $0 | $1.84M | $0 |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating cash flow | $11.24M | $21.56M | $21.23M | $31.32M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $34.90M | -$4.85M | $28.52M | -$16.34M |
| Financing cash flow | -$111.14M | -$34.72M | -$68.49M | $16.15M |
| Net change in cash | -$65.00M | -$18.02M | -$18.75M | $31.13M |
| Stock-based compensation | $6.84M | $1.39M | $988.91K | $1.34M |
| Common dividends paid | $19.35M | $39.99M | $42.53M | $41.62M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 27.8% | 3.0% | 1.5% | 1.8% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -46.2% | -28.6% | -14.4% | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | 48.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | 3.1% | 7.4% | 2.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AFCG in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.