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

Advanced Flower Capital's quarterly Operating Expenses came in at $5.1 million in Q1 2026, up 106.38% year-on-year from $2.5 million in Q1 2025, and down 34.46% quarter-over-quarter from $7.8 million in Q4 2025.

Advanced Flower Capital has reported Operating Expenses for 6 years, with the latest figure at $5.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 106.38% year-over-year to $5.1 million; the trailing twelve-month figure through Mar 2026 stood at $16.4 million (down 29.43% YoY), and the FY2025 full-year result was $15.7 million, down 9.25% from the prior year.
  • Operating Expenses for Q1 2026 stood at $5.1 million, down from $7.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $12.5 million in Q4 2024, with the low at -$10.7 million in Q4 2022.
  • Average Operating Expenses over 5 years is $3.4 million, with a median of $2.5 million recorded in 2025.
  • Year-over-year, Operating Expenses plunged 174.11% in 2022 and soared 265.19% in 2024.
  • Tracing AFCG's Operating Expenses over 5 years: stood at -$10.7 million in 2022, then soared by 147.35% to $5.1 million in 2023, then surged by 148.05% to $12.5 million in 2024, then tumbled by 37.78% to $7.8 million in 2025, then tumbled 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 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Advanced Flower Capital 86.23 Mn 86.23 Mn - 5.11 Mn

Historic Data

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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