Filing Flows › Advanced Flower Capital (AFCG) › Q4 2025
Advanced Flower Capital (AFCG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Advanced Flower Capital (AFCG) reported revenue of $5.2M for the fourth quarter 2025 (Q4 2025), -32% from a year earlier and -21% from the quarter before. Operating margin was 23.2%, net earnings $842K (16.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.2M | -21% | -32% |
| Operating profit | $1.2M | — | — |
| Net earnings | $842K | — | — |
| Operating cash flow | −$561K | -109% | -125% |
What changed
Revenue was $5.2M in Q4 2025, down 32% year over year and down 21% from the previous quarter.
Operating profit was $1.2M, a 23.2% margin (up 41.2 points year over year). Total costs fell 56% while revenue fell 32%. Net earnings were $842K. The effective tax rate was 23.9%.
Operating cash flow was −$561K. Non-cash charges added back $5.3M of share-based compensation. Working capital and other items used $6.8M.
Questions
What was Advanced Flower Capital's revenue in the fourth quarter 2025?
Advanced Flower Capital (AFCG) reported revenue of $5.2M for the fourth quarter 2025 (Q4 2025), -32% from a year earlier and -21% from the quarter before.
Was Advanced Flower Capital profitable in the fourth quarter 2025?
Operating profit was $1.2M (23.2% of revenue) and net earnings $842K.