AFC Gamma Inc. (AFCG) Financial Statements (2024 and earlier)

Company Profile

Business Address 525 OKEECHOBEE BLVD., SUITE 1770
WEST PALM BEACH, FL 33401
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121,626140,373109,246
Cash and cash equivalents121,626140,373109,246
Total current assets:121,626140,373109,246
Noncurrent Assets
Other undisclosed assets344,959378,804355,602
TOTAL ASSETS:466,585519,177464,848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities146,533180,118191,773
Total liabilities:146,533180,118191,773
Equity
Equity, attributable to parent320,052339,059273,075
Preferred stock000
Common stock205204164
Additional paid in capital349,806348,818274,173
Accumulated other comprehensive loss   (169)
Accumulated deficit(29,958)(9,962)(1,093)
Total equity:320,052339,059273,075
TOTAL LIABILITIES AND EQUITY:466,585519,177464,848

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues64,178450450
Realized investment gains (losses)(1,340)450450
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(12,133)(11,177)(2,649)
Gross profit:52,045(10,727)(2,199)
Operating expenses(21,566)(23,405)(14,398)
Operating income (loss):30,479(34,133)(16,598)
Nonoperating income
(Investment Income, Nonoperating)
64,17881,49938,140
Interest and debt expense1,986(6,814)(1,127)
Income from continuing operations before equity method investments, income taxes:96,64340,55220,416
Other undisclosed income (loss) from continuing operations before income taxes(74,031)(3,593)620
Income from continuing operations before income taxes:22,61136,95921,036
Income tax expense(1,659)(1,026)(35)
Income from continuing operations:20,95235,93221,000
Income before gain (loss) on sale of properties:21,000
Net income attributable to parent:20,95235,93221,000
Preferred stock dividends and other adjustments(15)(15) 
Other undisclosed net loss available to common stockholders, basic(262)  
Net income available to common stockholders, basic:20,67535,91721,000
Dilutive securities, effect on basic earnings per share  (135) 
Net income available to common stockholders, diluted:20,67535,78221,000

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income:20,95235,93221,000
Comprehensive income:20,95235,93221,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  169(169)
Comprehensive income, net of tax, attributable to parent:20,95236,10120,832

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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