Chicago Atlantic Real Estate Finance, Inc. Financials

REFI

All currency values in $ millions unless otherwise noted

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Income Statement	TTM	DEC 2025	DEC 2024	DEC 2023	DEC 2022 ~2.8:1 split	DEC 2021
Revenues
Revenue	$52	–	–	–	$45	–
Operating Expenses
Selling & Marketing	–	–	–	$14	–	–
General & Administrative	$5	$5	$5	$5	$4	–
Total Operating Expenses	$20	–	–	–	$17	–
Non-Operating
Net Interest Expense	$4	-$8	-$7	-$6	$4	–
EBT (Earnings Before Tax)	$36	$36	$37	$39	$32	–
Income Tax Expense	–	$0	$0	$0	$0	–
Net Income
Net Income	$36	$36	$37	$39	$32	–
Per Share Data
Revenue Per Share	$2.86	–	–	–	$2.53	–
EPS (Basic)	$2.05	$1.71	$1.92	$2.14	$1.83	–
EPS (Diluted)	$2.03	$1.68	$1.88	$2.11	$1.82	–
Weighted Avg Shares (Basic)	18.1M	21.0M	19.3M	18.1M	17.7M	6.4M
Weighted Avg Shares (Diluted)	18.3M	21.4M	19.7M	18.3M	17.7M	6.5M
Shares Outstanding	18.3M	21.4M	19.7M	18.3M	17.7M	6.5M
Dividends Per Share	$2.45	$1.88	$2.06	$2.17	$2.10	–

Chicago Atlantic Real Estate Finance (REFI) financials: revenue, profit and margins

Chicago Atlantic Real Estate Finance (REFI) generated about n/a in revenue and $29 million in net income over the trailing twelve months. Figures are from SEC filings; this is analysis, not investment advice.

Frequently asked

Is Chicago Atlantic Real Estate Finance profitable?+

Yes, Chicago Atlantic Real Estate Finance reported about $29 million in net income over the trailing twelve months. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.

More on REFI: Overview · Quality scorecard · DCF valuation · Dividend safety

How the market compares: How many US companies are profitable

SourceFinancial statements computed from the 10-Q filed 6 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Aug 2026. How this is calculated.

Fiscal year ends Dec.

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Held by ETFs

REFI is in 9 US ETFs. The largest of them, with REFI's weight in each:

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