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| Date | Value |
|---|---|
| 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 |