Filing Flows › Advanced Flower Capital (AFCG) › Q4 2025 › vs Q3 2025
Advanced Flower Capital (AFCG) Q4 2025 vs Q3 2025 (quarter over quarter)
Advanced Flower Capital's revenue fell $1.3M (-21%) from $6.5M in Q3 2025 to $5.2M in Q4 2025. Operating margin 23.2% against -204.6% (+227.8 pts).
Advanced Flower Capital, Q4 2025: revenue $5.2M (-32% year over year), operating margin 23.2%, net earnings $842K, operating cash flow −$561K. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q4 2025 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.2% | -204.6% | +227.8 pts |
| Net margin | 16.2% | -192.4% | +208.6 pts |
Every line
| Line | Q4 2025 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $5.2M | $6.5M | −$1.3M | -21% |
| Operating profit | $1.2M | −$13.4M | $14.6M | — |
| Costs & expenses | $4.0M | $19.9M | −$15.9M | -80% |
| Pre-tax earnings | $1.2M | −$13.4M | $14.6M | — |
| General & admin | $977K | $674K | $302K | +45% |
| Other operating costs | $3.0M | $19.2M | −$16.2M | -84% |
| Net earnings | $842K | −$12.6M | $13.4M | — |
| Minority interests | $72K | $72K | −$449 | -0.6% |
| Income tax | $287K | −$875K | $1.2M | — |
| Operating cash sources | $6.7M | −$18.2M | $24.9M | — |
| Share-based compensation | $5.3M | $487K | $4.8M | +990% |
| Cash used in operations | $561K | −$6.1M | $6.7M | — |
| Working capital & other | $6.7M | −$18.2M | $24.9M | — |
Questions
How much did Advanced Flower Capital's revenue grow quarter over quarter in Q4 2025?
Advanced Flower Capital's revenue fell $1.3M (-21%) from $6.5M in Q3 2025 to $5.2M in Q4 2025. Operating margin 23.2% against -204.6% (+227.8 pts).