Advanced Flower Capital (AFCG) Operating Expenses (2021 - 2026)
Advanced Flower Capital (AFCG) posted Operating Expenses of $5.2 million for Q2 2026, up 1.26% on a QoQ basis from $5.1 million in Q1 2026, and up 99.2% year-over-year from $2.6 million in Q2 2025.
Analysis
Advanced Flower Capital (AFCG) Operating Expenses (2021 - 2026) Analysis & Trends
Advanced Flower Capital has reported Operating Expenses for 6 years, with the latest figure at $5.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 99.2% year-over-year to $5.2 million in Q2 2026; TTM through Jun 2026 was $20.9 million, a 88.27% increase from a year earlier, with the FY2025 full-year figure at $15.7 million, down 9.25% from the prior year.
- Operating Expenses was $5.2 million for Q2 2026 at Advanced Flower Capital, up from $5.1 million in the prior quarter.
- The five-year high for Operating Expenses was $7.8 million in Q4 2025, with the low at $2.5 million in Q3 2024.
- Average Operating Expenses over 5 years is $4.9 million, with a median of $5.2 million recorded in 2023.
- The largest YoY upside for Operating Expenses was 119.74% in 2025 against a maximum downside of 55.01% in 2025.
- Over 5 years, Operating Expenses stood at $5.9 million in 2022, then slipped by 14.64% to $5.1 million in 2023, then dropped by 29.76% to $3.5 million in 2024, then surged by 119.74% to $7.8 million in 2025, then plunged by 33.63% to $5.2 million in 2026.
- The last three Operating Expenses figures came in at $5.2 million (Q2 2026), $5.1 million (Q1 2026), and $7.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 40.19 Mn |
| 10 | Advanced Flower Capital | 81.20 Mn | 81.20 Mn | - | 5.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.18 Mn |
| Mar 31, 2026 | 5.11 Mn |
| Dec 31, 2025 | 7.80 Mn |
| Sep 30, 2025 | 2.81 Mn |
| Jun 30, 2025 | 2.60 Mn |
| Mar 31, 2025 | 2.48 Mn |
| Dec 31, 2024 | 3.55 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 | 5.15 Mn |
| Jun 30, 2023 | 4.94 Mn |
| Mar 31, 2023 | 6.41 Mn |
| Dec 31, 2022 | 5.92 Mn |
| Sep 30, 2022 | 5.31 Mn |
| Jun 30, 2022 | 5.79 Mn |
| Mar 31, 2022 | 6.38 Mn |
| Dec 31, 2021 | 4.48 Mn |
| Sep 30, 2021 | 3.85 Mn |