Advanced Flower Capital (AFCG) Operating Expenses (2021 - 2026)

Advanced Flower Capital (AFCG) recorded quarterly Operating Expenses of $5.1 million in Q1 2026, down 34.46% quarter-over-quarter from $7.8 million in Q4 2025, and up 106.38% on a YoY basis from $2.5 million in Q1 2025.

Advanced Flower Capital (AFCG) Operating Expenses (2021 - 2026) Analysis & Trends

Advanced Flower Capital's Operating Expenses history runs 6 years deep, the most recent figure standing at $5.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 106.38% year-over-year to $5.1 million; the TTM figure through Mar 2026 stood at $16.4 million (down 29.43% YoY), while the FY2025 annual figure was $15.7 million, down 9.25% from the prior year.
  • Operating Expenses was $5.1 million for Q1 2026 at Advanced Flower Capital, down from $7.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $12.5 million in Q4 2024 to a low of -$10.7 million in Q4 2022.
  • Historically, Operating Expenses has averaged $3.4 million across 5 years, with a median of $2.5 million in 2025.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses plunged 174.11% in 2022, then jumped 265.19% in 2024.
  • A 5-year view of Operating Expenses shows it stood at -$10.7 million in 2022, then surged by 147.35% to $5.1 million in 2023, then jumped by 148.05% to $12.5 million in 2024, then plunged by 37.78% to $7.8 million in 2025, then plunged by 34.46% to $5.1 million in 2026.
  • The last three Operating Expenses figures came in at $5.1 million (Q1 2026), $7.8 million (Q4 2025), and $1.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Advanced Flower Capital 77.41 Mn 77.41 Mn - 5.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.11 Mn
Dec 31, 2025 7.80 Mn
Sep 30, 2025 1.63 Mn
Jun 30, 2025 1.86 Mn
Mar 31, 2025 2.48 Mn
Dec 31, 2024 12.53 Mn
Sep 30, 2024 2.48 Mn
Jun 30, 2024 5.75 Mn
Mar 31, 2024 5.50 Mn
Dec 31, 2023 5.05 Mn
Sep 30, 2023 1.53 Mn
Jun 30, 2023 1.58 Mn
Mar 31, 2023 1.67 Mn
Dec 31, 2022 -10.67 Mn
Sep 30, 2022 1.64 Mn
Jun 30, 2022 5.79 Mn
Mar 31, 2022 6.38 Mn
Dec 31, 2021 14.40 Mn
Jun 30, 2021 2.99 Mn
Mar 31, 2021 3.07 Mn