NASDAQ : LIEN
Chicago Atlantic BDC, Inc. — Financial statements
Financials · Asset Management · United States
Last price 9.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 208.12M
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Financial statements
Chicago Atlantic BDC, Inc. (LIEN) reported revenue of 59.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.02M | 5.03M | 1.76M | 196.25K | 410.00K | |
| Other Revenue | 53.95M | 49.27M | 19.91M | 11.74M | 3.64M | 10.07K |
| Revenue | 59.97M | 54.30M | 21.67M | 11.93M | 4.05M | 10.07K |
| Gross Profit | 59.97M | 54.30M | 21.67M | 11.93M | 4.05M | 10.07K |
| Selling, General & Admin | 22.58M | 21.91M | 6.75M | 4.58M | 1.98M | 573.44K |
| Other Operating Expenses | 72.41K | 72.41K | 120.02K | 10.65K | 80.57K | |
| Operating Expenses | 22.66M | 21.98M | 6.87M | 4.59M | 2.07M | 573.44K |
| Operating Income | 37.32M | 32.32M | 14.79M | 7.34M | 1.98M | -563.37K |
| Interest Expense | -2.83M | -1.25M | ||||
| Other Non Operating Income (Expenses) | 230.42K | 1.34M | ||||
| EBT Excluding Unusual Items | 34.72M | 32.41M | 14.79M | 7.34M | 1.98M | -563.37K |
| Merger & Restructuring Charges | -5.34M | -711.26K | ||||
| Gain (Loss) on Sale of Investments | -3.69M | 207.93K | 171.52K | 711.26K | -273.35K | |
| Other Unusual Items | 658.48K | 658.48K | ||||
| Pretax Income | 31.68M | 33.28M | 9.62M | 7.34M | 1.71M | -563.37K |
| Net Income | 31.68M | 33.28M | 9.62M | 7.34M | 1.71M | -563.37K |
| Net Income to Common | 31.68M | 33.28M | 9.62M | 7.34M | 1.71M | -563.37K |
| Shares Outstanding (Basic) | 22.82M | 22.82M | 10.34M | 6.21M | 5.55M | 877.41K |
| Shares Outstanding (Diluted) | 22.82M | 22.82M | 10.34M | 6.21M | 5.55M | 877.41K |
| EPS (Basic) | 1.39 | 1.46 | 0.93 | 1.18 | 0.31 | -0.64 |
| EPS (Diluted) | 1.39 | 1.46 | 0.93 | 1.18 | 0.31 | -0.64 |
| Dividend Per Share | 1.36 | 1.36 | 1.09 | 0.48 | ||
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 62.22% | 59.53% | 68.28% | 61.51% | 48.96% | -5,592.82% |
| Profit Margin | 52.82% | 61.29% | 44.41% | 61.51% | 42.21% | -5,592.82% |
| EBIT | 37.32M | 32.32M | 14.79M | 7.34M | 1.98M | -563.37K |
| EBIT Margin | 62.22% | 59.53% | 68.28% | 61.51% | 48.96% | |
| Revenue as Reported | 59.97M | 54.30M | 21.67M | 11.93M | 4.05M | 10.07K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 925.53K | 2.93M | 23.93M | 32.61M | 35.13M | 84.77M |
| Cash & Short-Term Investments | 925.53K | 2.93M | 23.93M | 32.61M | 35.13M | 84.77M |
| Accounts Receivable | 3.59M | 3.18M | 7.71M | 1.76M | 1.56M | 9.21K |
| Other Receivables | 2.01M | 1.80M | 2.36M | |||
| Receivables | 5.60M | 4.98M | 10.07M | 1.76M | 1.56M | 9.21K |
| Prepaid Expenses | 2.61M | 770.29K | 321.11K | 89.28K | 32.32K | 256.51K |
| Total Current Assets | 9.13M | 8.68M | 34.32M | 34.46M | 36.72M | 85.03M |
| Long-Term Investments | 334.83M | 333.31M | 275.24M | 54.12M | 50.25M | |
| Total Assets | 343.96M | 342.00M | 309.56M | 88.58M | 86.97M | 85.03M |
| Accrued Expenses | 5.04M | 5.52M | 8.27M | 3.01M | 461.88K | 454.34K |
| Other Current Liabilities | 7.76M | 7.76M | 47.88K | |||
| Total Current Liabilities | 12.79M | 13.28M | 8.31M | 3.01M | 461.88K | 454.34K |
| Long-Term Debt | 27.00M | 25.00M | ||||
| Long-Term Unearned Revenue | 23.51K | 37.75K | ||||
| Other Long-Term Liabilities | 1.68M | 284.77K | 46.22K | 13.82K | 33.66K | 25.36K |
| Total Liabilities | 41.47M | 38.59M | 8.40M | 3.02M | 495.55K | 479.70K |
| Common Stock | 228.21K | 228.21K | 228.20K | 62.15K | 62.15K | 62.15K |
| Additional Paid-In Capital | 303.08M | 303.15M | 303.27M | 85.04M | 84.92M | 84.92M |
| Retained Earnings | -817.75K | 25.65K | -2.34M | 449.27K | 1.50M | -427.85K |
| Shareholders' Equity | 302.49M | 303.41M | 301.16M | 85.55M | 86.48M | 84.55M |
| Total Liabilities & Equity | 343.96M | 342.00M | 309.56M | 88.58M | 86.97M | 85.03M |
| Total Debt | 27.00M | 25.00M | ||||
| Net Cash (Debt) | -26.07M | -22.07M | 23.93M | 32.61M | 35.13M | 84.77M |
| Net Cash Per Share | -1.14 | -0.97 | 2.31 | 5.25 | 6.33 | 96.61 |
| Filing Date Shares Outstanding | 22.82M | 22.82M | 22.82M | 6.21M | 6.21M | 6.21M |
| Total Common Shares Outstanding | 22.82M | 22.82M | 22.82M | 6.21M | 6.21M | 6.21M |
| Working Capital | -3.67M | -4.60M | 26.01M | 31.45M | 36.25M | 84.58M |
| Book Value Per Share | 13.26 | 13.30 | 13.20 | 13.77 | 13.91 | 13.61 |
| Tangible Book Value | 302.49M | 303.41M | 301.16M | 85.55M | 86.48M | 84.55M |
| Tangible Book Value Per Share | 13.26 | 13.30 | 13.20 | 13.77 | 13.91 | 13.61 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 31.68M | 33.28M | 9.62M | 7.34M | 1.71M | -563.37K |
| Other Amortization | 731.58K | 628.99K | ||||
| Loss (Gain) From Sale of Investments | 261.83K | -2.91M | -1.27M | -1.52M | 107.95K | |
| Other Operating Activities | -27.60M | -55.16M | -9.28M | -2.34M | -50.36M | |
| Change in Accounts Receivable | -1.11M | 407.02K | -1.83M | -196.28K | -1.56M | -9.21K |
| Change in Accounts Payable | 1.52M | 238.56K | 32.40K | -19.84K | 9.66K | 25.36K |
| Change in Unearned Revenue | -126.14K | -14.24K | 37.75K | |||
| Change in Other Net Operating Assets | -8.38M | 3.05M | -2.35M | 2.49M | -53.99K | 38.11K |
| Operating Cash Flow | -3.02M | -20.48M | -5.03M | 5.75M | -50.15M | -509.11K |
| Long-Term Debt Issued | 51.50M | |||||
| Long-Term Debt Repaid | -26.50M | |||||
| Net Debt Issued (Repaid) | 22.00M | 25.00M | ||||
| Issuance of Common Stock | 9.05M | 85.27M | 85.28M | |||
| Common Dividends Paid | -31.03M | -23.27M | -12.42M | -8.26M | ||
| Other Financing Activities | -850.97K | -2.25M | -274.73K | |||
| Financing Cash Flow | -9.88M | -519.92K | -3.64M | -8.26M | 85.27M | 85.28M |
| Net Cash Flow | -12.90M | -21.00M | -8.68M | -2.51M | 35.12M | 84.77M |
| Levered Free Cash Flow | 12.68M | 29.65M | 6.01M | 6.88M | ||
| Unlevered Free Cash Flow | 13.71M | 29.81M | 6.01M | 6.88M | ||
| Cash Interest Paid | 957.71K | 37.98K | ||||
| Change in Working Capital | -8.10M | 3.68M | -4.11M | 2.27M | -1.60M | 54.26K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 208.12M | 235.74M | 278.07M | 52.45M | 60.90M | 80.76M |
| Enterprise Value | 234.20M | 236.27M | 247.95M | 22.63M | -152.06K | 80.75M |
| Last Close Price | 9.12 | 9.32 | 9.70 | 6.12 | 6.19 | 8.39 |
| PE Ratio | 6.57 | 7.08 | 28.90 | 7.15 | 35.66 | |
| Forward PE | 5.75 | 7.03 | 10.78 | 10.68 | ||
| PS Ratio | 3.47 | 4.34 | 12.83 | 4.40 | 15.05 | 8,016.99 |
| PB Ratio | 0.69 | 0.78 | 0.92 | 0.61 | 0.70 | 0.95 |
| P/TBV Ratio | 0.69 | 0.78 | 0.92 | 0.61 | 0.70 | 0.95 |
| P/OCF Ratio | 9.12 | |||||
| EV/Sales Ratio | 3.91 | 4.35 | 11.45 | 1.90 | 8,016.45 | |
| EV/EBIT Ratio | 6.28 | 7.31 | 16.76 | 3.08 | ||
| Debt / Equity Ratio | 0.09 | 0.08 | ||||
| Net Debt / Equity Ratio | 0.09 | 0.07 | -0.08 | -0.38 | -0.41 | -1.00 |
| Asset Turnover | 0.18 | 0.17 | 0.11 | 0.14 | 0.00 | |
| Quick Ratio | 0.51 | 0.60 | 4.09 | 11.42 | 79.42 | 186.59 |
| Current Ratio | 0.71 | 0.65 | 4.13 | 11.45 | 79.49 | 187.16 |
| Return on Equity (ROE) | 10.48% | 11.01% | 4.98% | 8.53% | -1.33% | |
| Return on Assets (ROA) | 6.90% | 6.20% | 4.64% | 5.23% | -0.83% | |
| Return on Capital Employed (ROCE) | 11.30% | 9.80% | 4.90% | 8.60% | 2.30% | -0.70% |
| Earnings Yield | 15.22% | 14.12% | 3.46% | 13.99% | 2.80% | -0.70% |
| Dividend Yield | 14.91% | 13.17% | 8.95% | 5.69% | ||
| Payout Ratio | 97.97% | 69.94% | 129.06% | 112.58% | ||
| Buyback Yield / Dilution | -22.39% | -120.62% | -66.44% | -11.97% | -532.59% | |
| Total Shareholder Return | -7.47% | -107.46% | -57.49% | -6.28% | -532.59% |