---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-031700"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:59:50.218021+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advanced Flower Capital reports Q1 NII of $0.21/share, NAV rises to $7.90; authorizes $5M buyback

## Summary
- GAAP NII $4.8M ($0.21/share); net increase in net assets from operations $11.4M ($0.49/share)
- NAV per share rose to $7.90 from $7.46 at Dec 31, 2025
- Gross investment fundings $80.9M; net fundings $39.1M; net debt/equity 0.48x
- Paid regular dividend of $0.05/share on April 15; board authorized up to $5M share repurchase program through May 2027
- CEO cites strong quarter as BDC with pipeline focused on lower-middle market

## SEC filing metadata
- accession: 0001628280-26-031700
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000162828026031700/0001628280-26-031700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000162828026031700/afcg-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031700
- JSON: https://secwatch.observer/filing/0001628280-26-031700.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031700.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.