NASDAQ : REFI
Chicago Atlantic Real Estate Finance, Inc. — Financial statements
Real Estate · REIT - Mortgage · United States
Last price 8.84 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 226.49M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 61.71M | 62.94M | 62.10M | 62.90M | 51.47M | 14.77M |
| Total Interest Expense | 7.83M | 7.55M | 7.15M | 5.75M | 2.61M | 101.15K |
| Net Interest Income | 53.88M | 55.39M | 54.95M | 57.15M | 48.86M | 14.67M |
| Revenue Before Loan Losses | 53.88M | 55.39M | 54.95M | 57.15M | 48.86M | 14.67M |
| Provision for Loan Losses | 5.05M | 731.05K | -583.30K | 940.38K | 3.89M | 197.26K |
| Revenue | 48.84M | 54.66M | 55.53M | 56.21M | 44.97M | 14.47M |
| Cost of Services Provided | 15.34M | 15.45M | 15.26M | 16.20M | 12.24M | 1.77M |
| Total Operating Expenses | 19.00M | 18.81M | 18.32M | 17.68M | 12.68M | 1.81M |
| Operating Income | 29.84M | 35.85M | 37.21M | 38.53M | 32.29M | 12.66M |
| EBT Excluding Unusual Items | 29.84M | 35.85M | 37.21M | 38.53M | 32.29M | 12.66M |
| Gain (Loss) on Sale of Investments | -430.00K | 165.00K | -168.18K | 180.39K | ||
| Pretax Income | 29.41M | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| Net Income | 29.41M | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| Net Income to Common | 29.41M | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| Shares Outstanding (Basic) | 21.12M | 21.00M | 19.28M | 18.09M | 17.65M | 6.44M |
| Shares Outstanding (Diluted) | 21.54M | 21.43M | 19.71M | 18.34M | 17.75M | 6.45M |
| EPS (Basic) | 1.39 | 1.71 | 1.92 | 2.14 | 1.83 | 1.97 |
| EPS (Diluted) | 1.36 | 1.68 | 1.88 | 2.11 | 1.82 | 1.96 |
| Dividend Per Share | 1.88 | 1.88 | 1.88 | 1.88 | 1.81 | 0.35 |
| Operating Margin | 61.09% | 65.58% | 67.01% | 68.55% | 71.81% | 87.51% |
| Profit Margin | 60.21% | 65.88% | 66.71% | 68.87% | 71.81% | 87.51% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.35M | 14.95M | 26.40M | 7.90M | 5.72M | 80.25M |
| Long-Term Investments | 842.27K | |||||
| Loans & Lease Receivables | 439.14M | 403.89M | 403.47M | 348.67M | 335.33M | 196.85M |
| Other Receivables | 9.01M | 5.83M | 4.98M | 1.45M | 1.42M | 203.88K |
| Long-Term Deferred Charges | 197.30K | 246.62K | 305.07K | 366.59K | 805.60K | 868.02K |
| Total Assets | 461.70M | 424.92M | 435.15M | 359.23M | 343.27M | 278.17M |
| Accounts Payable | 898.07K | 774.27K | 1.09M | 1.13M | 963.71K | 212.89K |
| Accrued Expenses | 5.81M | 4.46M | 5.31M | 4.32M | 5.16M | 7.44M |
| Long-Term Debt | 140.50M | 98.43M | 104.10M | 66.00M | 58.00M | |
| Other Current Liabilities | 10.64M | 11.16M | 13.61M | 13.87M | 13.62M | 4.54M |
| Other Long-Term Liabilities | 2.20M | 2.28M | 2.09M | 2.05M | 1.49M | 1.90M |
| Total Liabilities | 160.05M | 117.10M | 126.19M | 87.37M | 79.24M | 14.09M |
| Common Stock | 213.14K | 210.80K | 208.29K | 181.97K | 176.86K | 173.55K |
| Additional Paid-In Capital | 324.95M | 323.13M | 318.89M | 277.48M | 269.00M | 264.08M |
| Retained Earnings | -23.51M | -15.52M | -10.14M | -5.81M | -5.14M | -177.56K |
| Shareholders' Equity | 301.65M | 307.81M | 308.96M | 271.85M | 264.03M | 264.08M |
| Total Liabilities & Equity | 461.70M | 424.92M | 435.15M | 359.23M | 343.27M | 278.17M |
| Total Debt | 140.50M | 98.43M | 104.10M | 66.00M | 58.00M | |
| Net Cash (Debt) | -127.15M | -83.49M | -77.70M | -58.10M | -52.28M | 80.25M |
| Net Cash Per Share | -5.90 | -3.90 | -3.94 | -3.17 | -2.95 | 12.44 |
| Filing Date Shares Outstanding | 25.62M | 21.08M | 20.89M | 18.20M | 18.08M | 17.75M |
| Total Common Shares Outstanding | 21.31M | 21.08M | 20.83M | 18.20M | 17.77M | 17.45M |
| Working Capital | 444.16M | 408.28M | 414.84M | 338.70M | 322.72M | 265.11M |
| Book Value Per Share | 14.15 | 14.60 | 14.83 | 14.94 | 14.86 | 15.13 |
| Tangible Book Value | 301.65M | 307.81M | 308.96M | 271.85M | 264.03M | 264.08M |
| Tangible Book Value Per Share | 14.15 | 14.60 | 14.83 | 14.94 | 14.86 | 15.13 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 29.41M | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| Other Amortization | 353.62K | 406.66K | 257.00K | 550.91K | 563.46K | 101.15K |
| Loss (Gain) From Sale of Investments | 430.00K | -165.00K | 168.18K | -180.39K | ||
| Provision for Credit Losses | 5.05M | 731.05K | -583.30K | 940.38K | 3.89M | 197.26K |
| Stock-Based Compensation | 3.66M | 3.37M | 3.06M | 1.48M | 435.62K | 39.48K |
| Change in Accounts Payable | 665.29K | -316.17K | 509.76K | 168.55K | 764.23K | 265.97K |
| Change in Other Net Operating Assets | -466.94K | 1.03M | -6.00M | -1.01M | -10.14M | -2.25M |
| Other Operating Activities | -10.39M | -9.72M | -10.84M | -12.44M | -9.80M | -1.86M |
| Operating Cash Flow | 26.92M | 28.79M | 23.16M | 28.42M | 17.01M | 8.89M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -28.13M | 8.74M | -39.30M | -1.93M | -125.24M | -193.63M |
| Investing Cash Flow | -28.13M | 8.74M | -39.30M | -1.93M | -125.24M | -193.63M |
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 142.10M | 159.00M | 82.00M | 58.00M | ||
| Total Debt Issued | 195.95M | 142.10M | 209.00M | 82.00M | 58.00M | |
| Long-Term Debt Repaid | -148.00M | -170.00M | -74.00M | |||
| Net Debt Issued (Repaid) | 19.85M | -5.90M | 39.00M | 8.00M | 58.00M | |
| Issuance of Common Stock | 1.03M | 39.59M | 7.22M | 4.51M | 301.38M | |
| Common Dividends Paid | -40.63M | -43.84M | -41.63M | -39.13M | -28.17M | -6.85M |
| Other Financing Activities | -218.35K | -270.74K | -2.32M | -396.85K | -625.54K | -2.79M |
| Financing Cash Flow | -21.00M | -48.98M | 34.64M | -24.31M | 33.71M | 291.73M |
| Net Cash Flow | -22.21M | -11.45M | 18.50M | 2.18M | -74.53M | 107.00M |
| Cash Interest Paid | 6.09M | 6.94M | 6.21M | 5.03M | 1.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 226.49M | 258.38M | 302.76M | 294.19M | 266.10M | 290.60M |
| PE Ratio | 6.50 | 7.17 | 8.17 | 7.60 | 8.24 | 22.95 |
| PS Ratio | 4.64 | 4.73 | 5.45 | 5.23 | 5.92 | 20.09 |
| PB Ratio | 0.62 | 0.84 | 0.98 | 1.08 | 1.01 | 1.10 |
| P/OCF Ratio | 8.41 | 8.97 | 13.07 | 10.35 | 15.65 | 32.68 |
| Debt / Equity Ratio | 0.47 | 0.32 | 0.34 | 0.24 | 0.22 | |
| Net Debt / Equity Ratio | 0.42 | 0.27 | 0.25 | 0.21 | 0.20 | -0.30 |
| Quick Ratio | 26.61 | 25.91 | 21.74 | 18.53 | 17.34 | 22.75 |
| Current Ratio | 26.61 | 25.91 | 21.74 | 18.53 | 17.34 | 22.75 |
| Asset Turnover | 0.11 | 0.13 | 0.14 | 0.16 | 0.14 | |
| Return on Equity (ROE) | 9.62% | 11.68% | 12.76% | 14.45% | 12.23% | |
| Return on Assets (ROA) | 6.41% | 8.37% | 9.33% | 11.02% | 10.39% | |
| Earnings Yield | 15.38% | 13.94% | 12.24% | 13.16% | 12.13% | 4.36% |
| Dividend Yield | 21.27% | 15.34% | 12.93% | 11.63% | 12.08% | 2.08% |
| Payout Ratio | 138.27% | 121.75% | 112.38% | 101.10% | 87.25% | 54.08% |
| Buyback Yield / Dilution | -3.72% | -8.71% | -7.47% | -3.37% | -175.12% | |
| Total Shareholder Return | 17.54% | 6.62% | 5.46% | 8.26% | -163.03% | 2.08% |