The dividend is covered by Distributable Earnings, but traders should monitor credit loss trends and portfolio quality given the large GAAP loss. The disconnect between non-GAAP profitability and GAAP results warrants caution on long-term dividend sustainability.
Price Chart
Executive Summary
Advanced Flower Capital (AFCG) reported a full-year 2025 GAAP net loss of $20.7 million but positive Distributable Earnings of $8.7 million. The company declared a $0.05 per share dividend for Q1 2026, payable April 15, 2026, despite a challenging year marked by significant credit loss provisions and negative GAAP profitability.
Key Financial Metrics
Key Facts
- Full-year 2025 GAAP net loss of $(20.7) million vs. Distributable Earnings of $8.7 million
- Q4 2025 GAAP net income of $0.9 million, but Distributable Earnings of $(2.8) million
- Board declared a $0.05 per share cash dividend for Q1 2026
- Dividend payable April 15, 2026, to shareholders of record as of March 31, 2026
- High stock-based compensation ($6.8M in 2025) and $22.6M provision for credit losses impacted GAAP results
Financial Impact
Dividend implies ~$1.13M total payout based on 22.25M shares; Distributable Earnings of $8.7M supports dividend coverage, but GAAP losses raise sustainability concerns
Risk Factors
- High credit loss provision ($22.6M) suggests portfolio deterioration
- Heavy reliance on non-GAAP metrics to justify dividend; GAAP results show significant loss
- Stock-based compensation is a recurring large expense, not a one-time item
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249265 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 9w ago | Institutional Cluster | $3.27 $3.43 | ▲ +4.89% | ▲ +5.17% | $2.98 (−8.87%) |
Aug 18, 2026 9w ago | Insider Cluster | $3.53 $3.42 | ▼ −3.07% | ▼ −2.23% | $2.98 (−15.60%) |
Aug 17, 2026 10w ago | Insider Cluster | $3.44 $3.47 | ▲ +0.87% | ▲ +2.62% | $2.98 (−13.37%) |
Aug 13, 2026 10w ago | 8-K | $3.01 $3.55 | ▲ +17.94% | ▲ +19.69% | $2.98 (−1.00%) |
Aug 13, 2026 10w ago | Press Release | $3.01 $3.55 | ▲ +17.94% | ▲ +19.69% | $2.98 (−1.00%) |
Jul 17, 2026 14w ago | Press Release | $2.81 $3.16 | ▲ +12.46% | ▲ +8.01% | $2.98 (+6.05%) |
Jun 30, 2026 16w ago | 8-K | $3.16 $2.67 | ▼ −15.51% | ▼ −13.32% | $2.98 (−5.70%) |
Jun 15, 2026 19w ago | Press Release | $3.33 $2.85 | ▼ −14.41% | ▼ −13.66% | $2.98 (−10.51%) |
May 7, 2026 24w ago | 8-K | $3.09 $3.50 | ▲ +13.27% | ▲ +10.13% | $2.98 (−3.56%) |
May 7, 2026 24w ago | Press Release | $3.09 $3.50 | ▲ +13.27% | ▲ +10.13% | $2.98 (−3.56%) |
US Market Status
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