AFC Gamma, Inc. Q1 2026 Earnings Recap

AFCG Q1 2026 May 8, 2026

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Advanced Flower Capital’s shares surged 16.2% after the first quarter report, driven primarily by investors’ positive reaction to the company’s expansion into the lower middle market and its growing pipeline of non-cannabis private credit deals.

Earnings Per Share Beat

$0.21 vs $0.16 est.

+31.2% surprise

Revenue Beat

9813218 vs 6898929 est.

+42.2% surprise

Market Reaction

1-Day +0.0%

5-Day -8.07%

30-Day +13.66%

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Key Takeaways

Completed first quarter operating as a BDC, broadening investment flexibility beyond cannabis-backed loans.
Closed two lower middle market loans totaling $90 million during the quarter, with strong pipeline of $1.5 billion in potential deals.
Reported net investment income of $0.21 per share and declared a $0.05 per share dividend.
Received $41.2 million in cannabis loan repayments during Q1, contributing to net fundings of $39.1 million.
Maintains three non-accrual loans with ongoing asset liquidation and paydowns; $6.2 million received in Q1 toward one distressed investment.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit AFCG on AllInvestView.

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