AFC Gamma (AFCG)
NASDAQ:AFCG
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
0.15Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive strategic shift and tangible progress: conversion to a BDC, meaningful new commitments, a large $1.5 billion pipeline, NAV improvement (+$0.44/ +5.9% QoQ), an expanded credit facility, and a share buyback authorization. Offsetting these positives are three non-accrual loans including a matured defaulted loan (Justice Grown) with pending litigation, expected yield compression as the firm moves into lower middle market lending, and reliance on repayments and staged fundings to deploy capital. Overall, management presented a balanced but forward-looking tone with progress on diversification and liquidity, while acknowledging credit-specific challenges being actively managed.Company Guidance
Successful Conversion to a BDC and Strategic Expansion
Completed first quarter operating as a business development company (BDC), expanding investment flexibility beyond real-estate-backed loans and enabling entry into lower middle market private credit.
Strong Pipeline and New Commitments
Active pipeline of over $1.5 billion of deals; closed two non-cannabis lower middle market deals in Q1 totaling $90 million and an additional $5 million subsequent to quarter end.
Net Investment Income and Dividend
Generated net investment income of $4.8 million, or $0.21 per basic weighted average share; Board declared and paid a Q1 distribution of $0.05 per share on 04/15/2026.
NAV Improvement
Net asset value per share increased to $7.90, a $0.44 quarter-over-quarter increase (approximately +5.9%), driven by $0.21 per share of net investment income and ~$0.28 per share of unrealized appreciation, partially offset by the $0.05 dividend.
Portfolio Growth and Liquidity Capacity
Principal outstanding grew from $356.6 million across 15 loans (03/31/2026) to $370 million across 17 loans as of 05/01/2026 (principal increase ~3.8%; loan count +13.3%). Expanded senior secured revolving credit facility to $80 million (expandable to $100 million) and had an average drawn balance of ~$22 million in Q1.
Capital Actions to Enhance Shareholder Value
Board authorized a $5 million share buyback program as a flexible capital allocation tool.
Cannabis Loan Repayments and Paydowns
Received $41.2 million in cannabis loan repayments during the quarter; Debbie Holdings paydown of $6.2 million in Q1 bringing total paydown since receivership to $20.8 million.
Favorable Lower Middle Market Dynamics
Management highlighted private credit opportunity in the lower middle market with absolute yields running ~100–300 basis points higher than six months ago and improved deal structures (stronger covenants); targeting borrowers with $5M–$50M EBITDA.
AFCG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AFCG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $2.77 | $3.09 | +11.55% |
Mar 04, 2026 | $2.17 | $2.36 | +9.04% |
Nov 12, 2025 | $3.18 | $3.20 | +0.63% |
Aug 14, 2025 | $4.31 | $4.15 | -3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AFC Gamma (AFCG) report earnings?
AFC Gamma (AFCG) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is AFC Gamma (AFCG) earnings time?
AFC Gamma (AFCG) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AFCG EPS forecast?
AFCG EPS forecast for the fiscal quarter 2026 (Q2) is 0.15.