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AFC Gamma (AFCG) Financials

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$3.27 -0.07 (-2.07%)
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Annual Income Statements for AFC Gamma

Annual Income Statements for AFC Gamma

This table shows AFC Gamma's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 21 36 21 17 -21
Consolidated Net Income / (Loss)		 21 36 21 17 -21
Net Income / (Loss) Continuing Operations		 21 36 21 14 -21
Total Pre-Tax Income 		21 37 22 14 -21
Total Operating Income		 -17 -41 -41 -28 -45
Total Gross Profit		 -11 -34 -34 -21 -32
Total Revenue		 0.45 -6.81 -7.70 -6.34 -6.76
Operating Revenue		 0.45 -6.81 -7.70 -6.34 -6.76
Total Cost of Revenue		 11 27 26 15 26
Operating Cost of Revenue		 8.32 16 14 10 2.93
Other Cost of Revenue		 2.65 11 12 4.16 23
Total Operating Expenses		 6.08 7.64 7.49 6.92 13
Selling, General & Admin Expense		 4.33 6.30 6.48 5.53 4.68
Other Operating Expenses / (Income)		 - 1.34 1.01 1.39 8.07
Total Other Income / (Expense), net		 38 78 64 42 24
Interest Expense		 1.13 0.00 -1.99 0.00 -0.36
Interest & Investment Income		 38 81 70 52 31
Other Income / (Expense), net		 0.62 -3.14 -8.51 -9.90 -7.93
Income Tax Expense		 0.04 1.03 1.66 0.45 -0.61
Net Income / (Loss) Discontinued Operations		 - - 0.23 2.92 0.00
Basic Earnings per Share		 $1.57 $1.80 $1.02 $0.78 ($0.95)
Weighted Average Basic Shares Outstanding		 13.37M 19.84M 20.32M 20.82M 22.25M
Diluted Earnings per Share		 $1.52 $1.79 $1.02 $0.78 ($0.95)
Weighted Average Diluted Shares Outstanding		 13.81M 19.96M 20.35M 20.89M 22.28M
Weighted Average Basic & Diluted Shares Outstanding		 19.74M 20.49M 20.67M 22.60M 23.53M
Cash Dividends to Common per Share		 $1.67 $2.23 $2.00 $1.77 $0.53

Quarterly Income Statements for AFC Gamma

This table shows AFC Gamma's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.05 16 1.38 -0.99 4.07 -13 -12 0.91 4.83 3.48 3.54
Consolidated Net Income / (Loss)		 -0.05 16 1.38 -0.99 4.07 -13 -12 0.91 11 5.36 6.40
Net Income / (Loss) Continuing Operations		 -1.57 15 1.22 -3.75 4.07 -13 -12 0.91 4.83 3.48 3.54
Total Pre-Tax Income 		-1.41 15 1.60 -4.13 4.18 -13 -13 1.20 4.94 3.69 3.73
Total Operating Income		 -12 -1.07 -4.23 -9.20 -3.59 -4.46 -12 -25 -4.88 -5.00 -2.22
Total Gross Profit		 -10 0.70 -2.74 -8.76 -1.93 -2.54 -9.72 -18 -0.74 -2.82 -0.92
Total Revenue		 -1.70 -1.57 -1.57 -1.59 -1.82 -1.86 -1.63 -1.45 0.23 -1.75 0.18
Operating Revenue		 -1.70 -1.57 -1.57 -1.59 -1.82 -1.86 -1.63 -1.45 0.23 -1.75 0.18
Total Cost of Revenue		 8.39 -2.28 1.16 7.17 0.12 0.68 8.09 17 0.97 1.08 1.10
Operating Cost of Revenue		 3.46 3.99 0.98 1.93 0.82 0.68 0.72 0.72 0.97 1.08 1.10
Total Operating Expenses		 2.04 1.77 1.49 0.44 1.66 1.92 2.10 7.08 4.14 2.18 1.29
Selling, General & Admin Expense		 1.50 1.40 1.27 0.18 1.11 1.21 1.03 1.34 1.32 1.37 1.23
Other Operating Expenses / (Income)		 0.54 0.37 0.22 0.26 0.55 0.71 1.07 5.74 2.81 0.80 0.06
Total Other Income / (Expense), net		 11 17 5.83 5.07 7.77 -8.85 -1.55 26 9.81 8.69 5.95
Interest Expense		 - - - - - 16 - - - - 1.87
Interest & Investment Income		 14 18 10 5.22 8.46 8.06 8.16 6.64 8.00 8.69 8.57
Other Income / (Expense), net		 -3.61 -1.42 -4.62 -0.15 -0.69 -1.06 -9.71 3.52 1.81 0.00 -0.75
Income Tax Expense		 0.16 0.29 0.39 -0.38 0.11 -0.14 -0.87 0.29 0.11 0.21 0.19
Weighted Average Basic Shares Outstanding		 20.39M 20.40M 20.68M 20.82M 22.10M 22.11M 22.11M 22.25M 23.53M 23.20M 22.58M
Weighted Average Diluted Shares Outstanding		 20.41M 20.44M 20.79M 20.89M 22.11M 22.12M 22.16M 22.28M 23.53M 23.20M 22.58M
Weighted Average Basic & Diluted Shares Outstanding		 20.67M 20.67M 21.95M 22.60M 22.60M 22.59M 22.59M 23.53M 23.53M 22.67M 22.40M

Annual Cash Flow Statements for AFC Gamma

This table details how cash moves in and out of AFC Gamma's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 100 31 -19 -18 -65
Net Cash From Operating Activities		 9.54 31 21 22 11
Net Cash From Continuing Operating Activities		 9.54 31 21 18 11
Net Income / (Loss) Continuing Operations		 21 36 21 14 -21
Consolidated Net Income / (Loss)		 21 36 21 17 -21
Net Income / (Loss) Discontinued Operations		 - - 0.23 2.92 0.00
Amortization Expense		 -5.45 -11 -5.19 -6.94 -2.57
Non-Cash Adjustments To Reconcile Net Income		 -7.20 5.26 5.36 12 37
Changes in Operating Assets and Liabilities, net		 1.19 0.97 0.10 -0.94 -2.06
Net Cash From Discontinued Operating Activities		 - - 0.24 3.27 0.00
Net Cash From Investing Activities		 -248 -16 29 -4.85 35
Net Cash From Continuing Investing Activities		 -248 -16 29 42 35
Sale and/or Maturity of Investments		 25 16 59 - 80
Other Investing Activities, net		 -257 131 -30 155 -45
Net Cash From Discontinued Investing Activities		 - - 0.00 -47 0.00
Net Cash From Financing Activities		 339 16 -68 -35 -111
Net Cash From Continuing Financing Activities		 339 16 -68 -35 -111
Repayment of Debt		 -3.53 -76 -89 -227 -183
Repurchase of Preferred Equity		 - - 0.00 -0.13 0.00
Repurchase of Common Equity		 -4.04 -1.71 0.00 -0.27 0.00
Payment of Dividends		 -14 -42 -43 -40 -19
Issuance of Debt		 175 60 63 285 92
Issuance of Common Equity		 186 75 0.00 16 0.00
Other Financing Activities, net		 - - 0.00 -68 0.00
Net Cash From Discontinued Financing Activities		 - - 0.00 0.00 0.00
Cash Interest Paid		 0.00 5.85 5.55 5.31 6.01
Cash Income Taxes Paid		 0.04 0.95 1.66 1.27 0.21

Quarterly Cash Flow Statements for AFC Gamma

This table details how cash moves in and out of AFC Gamma's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -39 88 -48 -19 -100 0.09 42 -6.51 74 -6.22 -4.39
Net Cash From Operating Activities		 6.37 10 2.64 2.22 3.92 1.76 6.11 -0.56 -31 -6.20 7.98
Net Cash From Continuing Operating Activities		 5.50 8.51 2.05 2.22 7.99 1.76 6.11 -0.56 -31 -6.20 7.98
Net Income / (Loss) Continuing Operations		 -1.57 15 1.22 -0.99 8.14 -13 -12 0.91 11 5.36 6.40
Consolidated Net Income / (Loss)		 -0.05 16 1.38 -0.99 8.14 -13 -12 0.91 11 5.36 6.40
Amortization Expense		 -1.66 -3.11 -1.56 -0.61 -0.61 -0.74 -0.61 -0.62 -0.93 -0.58 -0.36
Non-Cash Adjustments To Reconcile Net Income		 7.58 -5.22 4.57 5.38 -0.70 17 17 1.45 -44 -9.86 0.82
Changes in Operating Assets and Liabilities, net		 1.15 1.64 -2.18 -1.55 1.16 -1.58 1.80 -2.31 2.17 -1.12 1.12
Net Cash From Financing Activities		 8.18 -35 -44 36 -85 -17 8.20 -17 105 -0.02 -12
Net Cash From Continuing Financing Activities		 8.18 -35 -44 36 -85 -17 8.20 -17 105 -0.02 -12
Repayment of Debt		 -42 -60 -65 -60 -104 -21 -24 -35 -83 -120 -117
Repurchase of Common Equity		 - - - -0.10 - - - - - - -1.01
Payment of Dividends		 -9.82 -9.93 -13 -7.22 -7.37 -5.20 -3.39 -3.39 0.00 -1.18 -1.13
Issuance of Debt		 60 35 90 100 27 9.00 35 21 188 124 106
Cash Interest Paid		 0.04 2.63 0.03 2.60 0.14 3.00 0.17 2.70 0.24 2.80 0.54
Cash Income Taxes Paid		 0.12 0.44 0.37 0.33 0.00 0.19 - 0.03 0.00 0.10 0.46

Annual Balance Sheets for AFC Gamma

This table presents AFC Gamma's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 94 465 519 467 402 276
Total Current Assets		 41 381 412 399 368 57
Cash & Equivalents		 9.62 109 140 90 104 39
Short-Term Investments		 0.00 16 - - - 16
Prepaid Expenses		 0.07 0.95 0.46 0.69 1.21 2.44
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 53 82 107 67 34 0.90
Other Noncurrent Operating Assets		 49 4.41 5.26 3.72 1.98 0.90
Total Liabilities & Shareholders' Equity		 94 465 519 467 402 276
Total Liabilities		 2.31 192 180 147 201 100
Total Current Liabilities		 0.22 11 14 12 8.93 1.54
Accounts Payable		 - - 0.84 0.70 0.50 0.77
Other Current Liabilities		 0.06 0.68 0.75 0.12 0.17 0.00
Other Current Nonoperating Liabilities		 0.00 0.99 1.04 0.90 0.89 0.76
Total Noncurrent Liabilities		 2.10 180 166 135 192 98
Long-Term Debt		 0.00 171 157 130 189 97
Other Noncurrent Operating Liabilities		 2.10 8.93 8.95 4.97 3.14 1.09
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 92 273 339 320 201 176
Total Preferred & Common Equity		 92 273 339 320 201 176
Total Common Equity		 92 273 339 320 201 176
Common Stock		 91 274 349 350 252 259
Retained Earnings		 0.52 -1.09 -9.96 -30 -51 -83

Quarterly Balance Sheets for AFC Gamma

This table presents AFC Gamma's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 445 476 458 367 322 291 289 395 400 395
Total Current Assets		 368 415 420 332 289 262 271 133 127 124
Cash & Equivalents		 73 82 170 122 3.32 3.41 45 113 107 102
Short-Term Investments		 308 - - - - - - 18 19 21
Prepaid Expenses		 0.53 0.53 0.69 0.42 11 1.64 2.34 1.62 1.73 1.55
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 77 61 38 35 32 28 18 0.00 1.72 1.87
Other Noncurrent Operating Assets		 75 4.36 1.73 1.47 1.82 1.58 0.78 - 1.72 1.87
Total Liabilities & Shareholders' Equity		 445 476 458 367 322 291 289 395 400 395
Total Liabilities		 106 166 144 161 121 106 119 209 212 204
Total Current Liabilities		 13 13 16 10 8.46 5.19 6.87 4.87 3.21 4.16
Accounts Payable		 0.82 1.05 1.44 0.66 0.82 0.74 1.12 0.82 1.04 0.89
Other Current Liabilities		 - 0.01 0.16 0.16 0.14 0.13 0.16 1.98 1.20 1.18
Other Current Nonoperating Liabilities		 2.17 2.20 0.89 2.17 2.30 0.94 2.20 2.07 0.98 2.08
Total Noncurrent Liabilities		 94 153 128 150 112 101 113 202 208 199
Long-Term Debt		 88 148 123 148 111 99 111 202 207 197
Other Noncurrent Operating Liabilities		 5.49 4.45 4.89 1.88 1.38 1.36 1.45 - 1.90 1.93
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 339 311 314 206 201 185 169 186 187 192
Total Preferred & Common Equity		 339 311 314 206 201 185 169 186 187 192
Total Common Equity		 339 311 314 206 201 185 169 186 187 192
Common Stock		 350 351 351 248 253 253 254 259 256 255
Retained Earnings		 -11 -40 -37 -42 -52 -68 -84 -73 -69 -64

Annual Metrics And Ratios for AFC Gamma

This table displays calculated financial ratios and metrics derived from AFC Gamma's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 16,442,812.00 20,364,000.00 20,457,697.00 - 22,594,541.00
DEI Adjusted Shares Outstanding		 21,836,054.00 27,043,392.00 27,167,822.00 - 22,594,541.00
DEI Earnings Per Adjusted Shares Outstanding		 0.96 1.33 0.77 - -0.92
Growth Metrics		 - - - - -
Revenue Growth		 0.00% -1,614.24% -12.97% 16.48% -6.66%
EBITDA Growth		 0.00% -158.47% 0.52% 19.00% -24.46%
EBIT Growth		 0.00% -178.76% -12.03% 24.48% -40.57%
NOPAT Growth		 0.00% -142.89% 4.79% 29.53% -17.14%
Net Income Growth		 0.00% 71.10% -41.69% -19.89% -223.17%
EPS Growth		 0.00% 17.76% -41.69% -23.53% -221.79%
Operating Cash Flow Growth		 0.00% 228.37% -32.22% 1.55% -47.88%
Free Cash Flow Firm Growth		 0.00% 0.00% 22.54% 70.70% 1,796.59%
Invested Capital Growth		 0.00% 8.07% 3.13% -4.80% -99.30%
Revenue Q/Q Growth		 0.00% -131.21% 10.70% 16.90% 1.93%
EBITDA Q/Q Growth		 0.00% -33.84% -12.75% 28.26% -24.86%
EBIT Q/Q Growth		 0.00% -43.81% -15.30% 30.76% -26.37%
NOPAT Q/Q Growth		 0.00% -39.00% -2.38% 17.77% -48.58%
Net Income Q/Q Growth		 0.00% -10.25% -36.66% 95.45% 8.44%
EPS Q/Q Growth		 0.00% -10.50% -36.66% 85.71% 6.86%
Operating Cash Flow Q/Q Growth		 0.00% 6.58% 12.58% -15.71% -19.85%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -114.30% 92.62% 763.46%
Invested Capital Q/Q Growth		 0.00% -36.23% 381.89% 25.55% -99.17%
Profitability Metrics		 - - - - -
Gross Margin		 -2,337.97% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 -4,761.62% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 -3,688.40% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 -3,550.66% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 4,666.78% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 99.83% 97.22% 93.63% 117.29% 97.12%
Interest Burden Percent		 -131.65% -82.98% -44.84% -37.97% 40.19%
Effective Tax Rate		 0.17% 2.78% 7.42% 3.13% 0.00%
Return on Invested Capital (ROIC)		 -6.66% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -162.40% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 14.35% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 7.69% 11.74% 6.36% 6.44% -10.97%
Cash Return on Invested Capital (CROIC)		 0.00% -23.29% -17.10% -5.06% 173.51%
Operating Return on Assets (OROA)		 -5.72% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 7.52% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 7.69% 11.74% 6.36% 6.44% -10.97%
Return on Equity Simple (ROE_SIMPLE)		 7.69% 10.60% 6.55% 8.33% 0.00%
Net Operating Profit after Tax (NOPAT)		 -17 -40 -38 -27 -32
NOPAT Margin		 -3,682.23% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 155.75% 161.83% 105.24% -434.69% 19.56%
Return On Investment Capital (ROIC_SIMPLE)		 - - -8.51% -6.92% -11.55%
Cost of Revenue to Revenue		 2,437.97% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 962.46% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 1,350.43% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -16 -45 -50 -38 -53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -21 -55 -55 -45 -56
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.94 0.74 0.66 0.91 0.36
Price to Tangible Book Value (P/TBV)		 0.94 0.74 0.66 0.91 0.36
Price to Revenue (P/Rev)		 570.42 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 12.22 6.97 10.01 10.90 0.00
Dividend Yield		 11.45% 18.14% 19.51% 17.96% 30.76%
Earnings Yield		 8.18% 14.35% 9.99% 9.18% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.91 0.62 0.68 0.90 56.99
Enterprise Value to Revenue (EV/Rev)		 501.96 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.68 5.36 8.84 11.01 9.40
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.46
Leverage & Solvency		 - - - - -
Debt to Equity		 0.63 0.46 0.41 0.94 0.55
Long-Term Debt to Equity		 0.63 0.46 0.41 0.94 0.55
Financial Leverage		 -0.09 -0.15 -0.17 0.04 -0.29
Leverage Ratio		 1.53 1.61 1.50 1.67 1.80
Compound Leverage Factor		 -2.02 -1.33 -0.67 -0.63 0.72
Debt to Total Capital		 38.56% 31.67% 28.89% 48.36% 35.66%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 38.56% 31.67% 28.89% 48.36% 35.66%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 61.44% 68.33% 71.11% 51.64% 64.34%
Debt to EBITDA		 -8.00 -2.84 -2.36 -4.23 -1.75
Net Debt to EBITDA		 1.44 1.49 0.40 -1.22 -0.76
Long-Term Debt to EBITDA		 -8.00 -2.84 -2.36 -4.23 -1.75
Debt to NOPAT		 -10.35 -3.90 -3.39 -6.98 -3.09
Net Debt to NOPAT		 1.86 2.05 0.58 -2.02 -1.35
Long-Term Debt to NOPAT		 -10.35 -3.90 -3.39 -6.98 -3.09
Altman Z-Score		 1.64 1.43 1.40 1.12 -0.46
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 33.33 29.40 34.57 41.16 25.84
Quick Ratio		 33.46 30.33 34.09 44.43 24.35
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -60 -47 -14 231
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 8.46 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 8.46 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 33.99 24.08 40.03
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 10.74 15.15 9.12
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 249 269 277 264 1.85
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 20 8.41 -13 -262
Enterprise Value (EV)		 226 168 188 237 106
Market Capitalization		 257 250 210 183 63
Book Value per Share		 $16.61 $16.65 $15.64 $9.17 $7.77
Tangible Book Value per Share		 $16.61 $16.65 $15.64 $9.17 $7.77
Total Capital		 444 496 450 390 273
Total Debt		 171 157 130 189 97
Total Long-Term Debt		 171 157 130 189 97
Net Debt		 -31 -82 -22 54 42
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 244 258 297 255 1.09
Debt-free Net Working Capital (DFNWC)		 369 398 388 359 56
Net Working Capital (NWC)		 369 398 388 359 56
Net Nonoperating Expense (NNE)		 -38 -76 -59 -44 -11
Net Nonoperating Obligations (NNO)		 -24 -70 -43 63 -174
Total Depreciation and Amortization (D&A)		 -5.45 -11 -5.19 -6.94 -2.57
Debt-free, Cash-free Net Working Capital to Revenue		 54,279.07% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 82,085.14% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 82,085.14% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $1.18 $1.36 $0.77 $0.78 ($0.95)
Adjusted Weighted Average Basic Shares Outstanding		 17.76M 26.35M 26.99M 20.82M 22.25M
Adjusted Diluted Earnings per Share		 $1.14 $1.35 $0.77 $0.78 ($0.95)
Adjusted Weighted Average Diluted Shares Outstanding		 18.34M 26.50M 27.02M 20.89M 22.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.22M 27.21M 27.45M 22.60M 23.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -40 -38 -27 -32
Normalized NOPAT Margin		 -3,294.91% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 4,674.59% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -14.18 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -14.70 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -14.18 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -14.70 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 68.52% 115.83% 203.00% 238.25% -93.58%
Augmented Payout Ratio		 87.76% 120.59% 203.00% 239.86% -93.58%

Quarterly Metrics And Ratios for AFC Gamma

This table displays calculated financial ratios and metrics derived from AFC Gamma's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 20,667,094.00 20,667,094.00 20,667,094.00 - 22,596,007.00 22,596,007.00 22,594,541.00 22,594,541.00 23,528,844.00 23,528,844.00 22,671,919.00
DEI Adjusted Shares Outstanding		 27,445,901.00 27,445,901.00 20,667,094.00 - 22,596,007.00 22,596,007.00 22,594,541.00 22,594,541.00 23,528,844.00 23,528,844.00 22,671,919.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.60 0.07 - 0.18 -0.58 -0.55 0.04 0.21 0.15 0.16
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.12% 0.16% -2.59% 45.17% -7.00% -18.11% -3.71% 2.67% 112.89% 6.07% 110.82%
EBITDA Growth		 -53.68% 12.38% -5.75% 63.82% 71.93% -11.66% -112.62% -98.64% 18.23% 10.79% 84.96%
EBIT Growth		 -53.08% 53.73% -8.43% 64.15% 72.83% -121.77% -143.22% -104.27% 28.29% 9.30% 86.22%
NOPAT Growth		 1.90% 78.40% 55.05% 53.85% 58.84% -198.23% -157.58% -164.33% -36.43% -51.12% 74.61%
Net Income Growth		 -100.54% 35.52% -82.66% 89.21% 7,616.60% -180.05% -1,002.67% 192.19% 180.93% 140.72% 151.24%
EPS Growth		 -100.54% 35.52% -84.62% 88.89% 1,900.00% -175.00% -1,050.00% 180.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 45.40% 100.54% -51.60% -64.38% -38.46% -82.95% 131.31% -125.24% -886.56% -452.40% 30.45%
Free Cash Flow Firm Growth		 -172.80% -153.95% -143.68% 130.74% 149.82% 91.59% 86.01% 3,909.12% 561.41% 1,830.06% 1,118.77%
Invested Capital Growth		 30.13% 238.15% 265.40% -4.80% -13.85% 4.69% 6.45% -99.30% -99.96% -100.27% -100.26%
Revenue Q/Q Growth		 41.39% 7.26% 0.04% -0.92% -14.37% -2.36% 12.22% 10.86% 116.09% -845.96% 110.11%
EBITDA Q/Q Growth		 36.77% 67.84% -86.02% 4.02% 50.93% -27.90% -254.20% -0.58% 82.05% -39.53% 40.30%
EBIT Q/Q Growth		 39.62% 84.21% -256.07% -5.63% 54.24% -28.86% -290.51% -0.57% 85.83% -62.97% 40.68%
NOPAT Q/Q Growth		 39.13% 87.68% -206.94% -100.51% 45.70% 10.77% -165.10% -131.64% 75.10% 1.16% 55.46%
Net Income Q/Q Growth		 99.41% 30,490.50% -91.59% -171.66% 510.24% -423.64% 5.12% 107.32% 1,150.19% -53.09% 19.41%
EPS Q/Q Growth		 99.41% 30,490.50% -92.50% -183.33% 460.00% -433.33% 5.00% 107.02% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 2.15% 61.94% -74.38% -15.95% 76.48% -55.12% 247.44% -109.17% -5,399.22% 79.89% 228.62%
Free Cash Flow Firm Q/Q Growth		 -283.41% -103.74% 10.69% 104.41% 521.47% -134.38% -48.66% 1,213.55% 16.21% -10.07% -12.46%
Invested Capital Q/Q Growth		 20.25% -26.10% -14.67% 25.55% 8.82% -10.20% -13.24% -99.17% -94.34% -754.99% 14.61%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -315.93% 0.00% -523.01%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1,707.80% 0.00% -1,886.76%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,084.60% 0.00% -1,255.86%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1,311.15% 0.00% -1,681.07%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4,883.73% 0.00% 3,627.85%
Tax Burden Percent		 3.83% 106.16% 86.27% 24.00% 97.31% 98.96% 93.46% 76.11% 231.53% 145.18% 171.54%
Interest Burden Percent		 8.97% -623.24% -18.12% 44.18% -97.71% 241.31% 62.08% -5.55% -160.87% -73.84% -125.80%
Effective Tax Rate		 0.00% 1.85% 24.08% 0.00% 2.69% 0.00% 0.00% 23.89% 2.22% 5.71% 5.22%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 3.35% 4.64% 3.15% 6.44% 8.18% -3.49% -12.03% -10.97% -6.89% 2.80% 13.36%
Cash Return on Invested Capital (CROIC)		 -39.03% -131.06% -135.96% -5.06% 8.78% -10.89% -16.02% 173.51% 177.30% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 3.35% 4.64% 3.15% 6.44% 8.18% -3.49% -12.03% -10.97% -6.89% 2.80% 13.36%
Return on Equity Simple (ROE_SIMPLE)		 3.50% 0.00% 0.00% 0.00% 10.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.49 -1.05 -3.21 -6.44 -3.50 -3.12 -8.27 -19 -4.77 -4.71 -2.10
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,038.41% 0.00% -1,190.36%
Net Nonoperating Expense Percent (NNEP)		 28.86% 10.44% 3.32% -54.07% -13.80% 356.07% 14.32% 36.18% 32.69% 17.59% 12.36%
Return On Investment Capital (ROIC_SIMPLE)		 -1.85% -0.24% -0.91% -1.65% -1.12% -1.10% -2.95% -7.02% -1.23% -1.20% -0.54%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 415.93% 0.00% 623.01%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 566.01% 0.00% 696.72%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1,768.67% 0.00% 732.86%
Earnings before Interest and Taxes (EBIT)		 -16 -2.49 -8.85 -9.35 -4.28 -5.51 -22 -22 -3.07 -5.00 -2.97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -17 -5.60 -10 -9.96 -4.89 -6.25 -22 -22 -4.00 -5.58 -3.33
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.70 0.69 0.88 0.91 0.63 0.55 0.51 0.36 0.36 0.39 0.43
Price to Tangible Book Value (P/TBV)		 0.70 0.69 0.88 0.91 0.63 0.55 0.51 0.36 0.36 0.39 0.43
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 20.03 14.24 21.21 10.90 6.02 0.00 0.00 0.00 0.00 0.00 6.40
Dividend Yield		 18.22% 18.35% 17.33% 17.96% 24.50% 25.74% 22.45% 30.76% 12.41% 12.90% 8.33%
Earnings Yield		 4.99% 7.02% 4.71% 9.18% 16.61% 0.00% 0.00% 0.00% 0.00% 0.00% 15.63%
Enterprise Value to Invested Capital (EV/IC)		 0.69 0.55 0.84 0.90 0.71 0.66 0.61 56.99 1,318.03 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.85 4.74 6.92 11.01 10.73 16.15 9.67 9.40 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 7.52 0.00 0.00 0.46 0.54 0.68 0.82
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.48 0.39 0.72 0.94 0.55 0.54 0.66 0.55 1.09 1.10 1.03
Long-Term Debt to Equity		 0.48 0.39 0.72 0.94 0.55 0.54 0.66 0.55 1.09 1.10 1.03
Financial Leverage		 -0.09 -0.51 -0.51 0.04 0.21 0.01 0.16 -0.29 -0.26 -0.31 -0.38
Leverage Ratio		 1.43 1.39 1.49 1.67 1.56 1.50 1.75 1.80 1.85 1.86 1.89
Compound Leverage Factor		 0.13 -8.68 -0.27 0.74 -1.52 3.62 1.08 -0.10 -2.98 -1.37 -2.38
Debt to Total Capital		 32.29% 28.18% 41.88% 48.36% 35.60% 34.96% 39.61% 35.66% 52.14% 52.45% 50.66%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.29% 28.18% 41.88% 48.36% 35.60% 34.96% 39.61% 35.66% 52.14% 52.45% 50.66%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 67.71% 71.82% 58.12% 51.64% 64.40% 65.04% 60.39% 64.34% 47.86% 47.55% 49.34%
Debt to EBITDA		 -2.42 -2.04 -2.44 -4.23 -3.46 -3.03 -2.50 -1.75 -3.70 -3.67 -5.59
Net Debt to EBITDA		 -0.18 1.35 0.08 -1.22 -2.46 -2.11 -1.10 -0.76 -1.32 -1.44 -2.11
Long-Term Debt to EBITDA		 -2.42 -2.04 -2.44 -4.23 -3.46 -3.03 -2.50 -1.75 -3.70 -3.67 -5.59
Debt to NOPAT		 -3.91 -3.45 -5.06 -6.98 -5.86 -6.24 -5.23 -3.09 -6.24 -6.30 -5.61
Net Debt to NOPAT		 -0.29 2.29 0.17 -2.02 -4.18 -4.34 -2.31 -1.35 -2.22 -2.48 -2.11
Long-Term Debt to NOPAT		 -3.91 -3.45 -5.06 -6.98 -5.86 -6.24 -5.23 -3.09 -6.24 -6.30 -5.61
Altman Z-Score		 1.56 1.81 1.47 1.35 1.38 1.22 0.85 -0.08 0.28 0.28 0.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 31.50 27.06 32.48 41.16 34.20 50.48 39.44 25.84 27.40 39.58 29.86
Quick Ratio		 33.84 28.63 34.89 44.43 36.38 58.60 46.55 24.35 26.80 39.05 29.49
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -86 -175 -156 6.87 43 -15 -22 243 283 254 222
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.93 0.00 0.00 0.00 0.00 119.03
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.00 4.27
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.00 4.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 22.73 19.13 30.73 24.08 6.69 8.47 18.15 40.03 32.07 30.20 19.66
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 16.06 19.08 11.88 15.15 54.52 43.08 20.11 9.12 11.38 12.09 18.56
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 334 247 210 264 287 258 224 1.85 0.10 -0.69 -0.59
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 77 174 153 -13 -46 12 14 -262 -287 -259 -225
Enterprise Value (EV)		 229 135 177 237 205 170 136 106 138 154 156
Market Capitalization		 218 216 182 183 126 101 87 63 66 73 82
Book Value per Share		 $15.03 $15.21 $9.97 $9.17 $8.89 $8.18 $7.49 $7.77 $7.90 $7.96 $8.45
Tangible Book Value per Share		 $15.03 $15.21 $9.97 $9.17 $8.89 $8.18 $7.49 $7.77 $7.90 $7.96 $8.45
Total Capital		 459 438 355 390 312 284 280 273 388 394 388
Total Debt		 148 123 148 189 111 99 111 97 202 207 197
Total Long-Term Debt		 148 123 148 189 111 99 111 97 202 207 197
Net Debt		 11 -82 -5.07 54 79 69 49 42 72 81 74
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 320 234 199 255 278 254 219 1.09 -1.96 -1.48 -2.61
Debt-free Net Working Capital (DFNWC)		 402 404 322 359 281 257 264 56 129 124 120
Net Working Capital (NWC)		 402 404 322 359 281 257 264 56 129 124 120
Net Nonoperating Expense (NNE)		 -8.44 -17 -4.59 -5.45 -7.56 10 4.22 -20 -16 -10 -8.50
Net Nonoperating Obligations (NNO)		 23 -68 4.32 63 87 73 55 -174 -186 -188 -192
Total Depreciation and Amortization (D&A)		 -1.66 -3.11 -1.56 -0.61 -0.61 -0.74 -0.61 -0.62 -0.93 -0.58 -0.36
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) $0.80 $0.06 ($0.05) $0.18 ($0.60) ($0.57) $0.04 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 27.08M 20.40M 20.68M 20.82M 22.10M 22.11M 22.11M 22.25M 23.53M 23.20M 22.58M
Adjusted Diluted Earnings per Share		 ($0.01) $0.80 $0.06 ($0.05) $0.18 ($0.60) ($0.57) $0.04 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 27.10M 20.44M 20.79M 20.89M 22.11M 22.12M 22.16M 22.28M 23.53M 23.20M 22.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.05) $0.00 $0.00 $0.00 $0.04 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.45M 20.67M 21.95M 22.60M 22.60M 22.59M 22.59M 23.53M 23.53M 22.67M 22.40M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.49 -1.05 -3.21 -6.44 -3.50 -3.12 -8.27 -19 -4.77 -4.71 -2.10
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,038.41% 0.00% -1,190.36%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,109.30% 0.00% 2,114.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.35 0.00 0.00 0.00 0.00 -1.59
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.20 0.00 0.00 0.00 0.00 -1.12
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.35 0.00 0.00 0.00 0.00 -1.59
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.20 0.00 0.00 0.00 0.00 -1.12
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 376.62% 259.46% 496.02% 238.25% 179.56% -376.90% -102.65% -93.58% -89.95% 152.66% 23.65%
Augmented Payout Ratio		 376.62% 259.46% 498.05% 239.86% 179.56% -376.90% -103.07% -93.58% -89.95% 205.40% 39.26%

Financials Breakdown Chart

Key Financial Trends

AFC Gamma’s Q2 2026 statements show a mixed picture. The company remains profitable at the net-income level, but earnings continue to depend heavily on interest and investment income rather than core operating revenue. At the same time, operating cash flow is negative and leverage remains elevated.

  • Net income attributable to common shareholders remained positive. AFCG reported $3.5 million of common net income in Q2 2026, following $4.8 million in Q1 2026. Consolidated net income was $5.4 million, although the quarter included a substantial contribution from interest and investment income.
  • Interest and investment income remains a meaningful earnings driver. This income increased to $8.7 million in Q2 2026 from $8.0 million in Q1 and $6.6 million in Q4 2025, helping offset persistent operating losses.
  • Operating cash flow improved sequentially. Cash used in operating activities narrowed to $6.2 million in Q2 2026 from $30.8 million in Q1. While still negative, the improvement suggests less cash pressure than in the prior quarter.
  • Liquidity is stronger than the company’s operating cash flow might suggest. AFCG ended Q2 with $106.5 million of cash and $18.9 million of short-term investments. Total current assets of $127.1 million substantially exceeded current liabilities of $3.2 million.
  • Retained earnings improved from the prior year. Retained earnings increased to negative $68.9 million in Q2 2026 from negative $84.3 million in Q3 2025, reflecting a reduction in accumulated losses.
  • Debt refinancing activity was substantial but roughly balanced in Q2. The company issued $124.4 million of debt and repaid $120.5 million, resulting in nearly zero net cash provided by financing before dividends. This may indicate active liability management, but it does not materially reduce debt.
  • Total assets have stabilized near $400 million. Assets rose to $399.7 million in Q2 2026 from $394.9 million in Q1, but remain below the $458.0 million reported in Q2 2024 and the $476.4 million reported in Q1 2024.
  • Core operating performance remains weak. Q2 operating revenue was reported at approximately $1.7 million, while operating costs and expenses totaled roughly $3.3 million. The resulting operating loss was approximately $5.0 million, continuing a pattern of operating losses across the supplied periods.
  • Operating cash flow has been consistently volatile and often negative. AFCG reported negative operating cash flow in Q2 2026, Q1 2026 and Q4 2025, after positive cash flow in Q3 2025 and Q2 2025. Large non-cash adjustments and changes in operating assets make reported net income a less reliable proxy for cash generation.
  • Leverage remains high. Long-term debt increased to $206.6 million in Q2 2026 from $111.1 million in Q3 2025 and $123.3 million in Q2 2024. Debt represented roughly 52% of total assets at the latest quarter, while total liabilities were about $212.4 million.

Overall, the trend is one of improving reported profitability but weaker core operations and a more leveraged balance sheet. Investors should monitor whether interest income remains sufficient to cover operating costs, cash interest payments and dividends, particularly because Q2 cash interest paid rose to $2.8 million from just $244,829 in Q1.

11/13/26 11:30 AM ETAI Generated. May Contain Errors.

AFC Gamma Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AFC Gamma's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

AFC Gamma's net income appears to be on a downward trend, with a most recent value of -$20.67 million in 2025, compared with $21.00 million in 2021. The previous period was $16.78 million in 2024. View AFC Gamma's forecast to see where analysts expect AFC Gamma to go next.

AFC Gamma's total operating income in 2025 was -$45.03 million, based on the following breakdown:
  • Total Gross Profit: -$32.28 million
  • Total Operating Expenses: $12.76 million

Over the last 4 years, AFC Gamma's total revenue changed from $450 thousand in 2021 to -$6.76 million in 2025.

In the past 12 quarters, AFC Gamma's cash and equivalents has ranged from $3.32 million in Q1 2025 to $170.30 million in Q2 2024, and is currently $102.12 million as of their latest financial filing in Q3 2026.

AFC Gamma had total debt of $97.32 million at the end of 2025, a 48.4% decrease from 2024, and a 43.2% decrease since 2021.

Over the last 4 years, AFC Gamma's book value per share changed from 16.61 in 2021 to 7.77 in 2025, a change of -53.2%.


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Financial statements for NASDAQ:AFCG last updated on 11/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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