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AFCG Nasdaq Earnings call

Advanced Flower Capital Inc. (AFCG) · Q2 2026 results

Share price: $3.51 · 2026-11-11

Results Q2 2026 vs Q1 2026 · previous quarter · published 13 Aug 2026 and 7 May 2026

Net income down 53.1% on the previous quarter. Management sounded cautious, in its script and in answers to analysts.

Only a basic analysis is available for this company at the moment.

1 · Numbers

−53.1%

Net income vs Q1 2026

Outlook given

Net income 5.4M vs 11.4M

2 · How management spoke

Cautious

Among the least upbeat of all company calls

Answers to analysts: restrained, in line with the script.

Similar to last call.

3 · What stood out

Figure

AFCG's pipeline remains active at $1.3 billion across diverse industries.

Valuation

Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

Valuation unavailable: no OCF/capex (bank, utility, or SEC gap).

Current price

$3.51

close of 2026-11-11

P/E

17.5

today

Revenue growth, 3 years

−31.0% a year

compound annual rate (CAGR)

Read between the lines

  1. Guidance

    Devi received a $2 million nonrefundable deposit on a purchase expected to close this year, which updates the company's balance sheet.

    Source quote
    “Subsequent to quarter end, Devi earned a $2 million nonrefundable deposit on the purchase, we expect the transaction to close this year.”
  2. Dropped

    AFCG reported a $2 million nonrefundable deposit earned after quarter end and expects the purchase to close this year, updating balance sheet guidance.

    Source quote
    “committed $30 million to a $60 million senior secured term loan to In February, Advanced Flower Capital Inc. At closing, Advanced Flower Capital Inc.”

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.

Prepared remarks Cautious (was cautious)
Answers to analysts Restrained (was restrained)

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone
“And if there are larger opportunities out there that we are chasing, that is also an option to deploy into larger opportunities.”
“But how is it best to think about the pipeline relative to you know, your ability to execute on opportunities in the near term.”
“Year to date, we have deployed approximately $102 million in new lower middle market commitments, Our pipeline remains well diversified across industries, and we tend to avoid sectors where we...”

Full figures

USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)

Metric Q2 2026period end 2026-06-30 Q1 2026period end 2026-03-31 Change Q2 2025 YoY
Net income 5.4M 11.4M −53.1% -13.2M Turned profit
EPS 0.23 0.49 −53.1% -0.60 Turned profit
P/E today 17.5 16.3 12-mo loss — 12-mo loss —

Topics

Most discussed now

  • Excluding these exit fees that are episodic, investment income increased modestly quarter over quarter driven by higher interest income.
  • Unlike the upper middle market where larger direct lending funds continue to compete aggressively on pricing, leverage, and documentation…

Faded since Q1 2026

  • Dropped They operate in the revenue recovery space related to suppliers into big retailers like Walmart, Target, and the Amazon ecosystem,...
  • Fading Closed on a $60 million senior secured credit facility to support the combination of STAT and the Mooresby Group, which...
  • Fading The two lower middle market deals are similar to other transactions in Advanced Flower Capital's pipeline and have many of the…

Latest announcements

Official filings, newest first.

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