Chicago Atlantic Real Estate Finance, Inc. (REFI) — Financial statements
Income statement, balance sheet, and cash flow for Chicago Atlantic Real Estate Finance, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 63↑15.2% | 55↓4.4% | 57↑17.3% | 49↑237.7% | 14 | |
| Cost of Revenue | 8 | 0.00 | 0.00 | 0.00↓100.0% | 0.22 | |
| Gross Profit | 55↑0.1% | 55↓4.4% | 57↑17.3% | 49↑243.0% | 14 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 9↑2.7% | 8↑25.3% | 7↑70.0% | 4↑156.8% | 2 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.04 | |
| SG&A Expenses | 9↑2.7% | 8↑25.3% | 7↑70.0% | 4↑150.4% | 2 | |
| Other Expenses | 10↓78.1% | 46↓8.4% | 51↑12.7% | 45 | 0.00 | |
| Operating Expenses | 19↓65.7% | 55↓4.4% | 57↑17.3% | 49↑2986.3% | 2 | |
| Total Costs & Expenses | 27↓50.5% | 55↓4.4% | 57↑17.3% | 49↑2604.6% | 2 | |
| Operating Results | ||||||
| Operating Income | 36 | 0.00 | 0.00 | 0.00↓100.0% | 13 | |
| Depreciation & Amortization | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| EBITDA | 36 | 0.00 | 0.00 | 0.00 | 0.00 | |
| EBIT | 36 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest & Other Income | ||||||
| Net Interest Income | 55↑0.8% | 55↓3.8% | 57↑17.0% | 49↓99.5% | 10,749 | |
| Interest Income | 63↑1.3% | 62↓1.3% | 63↑22.2% | 51↓99.5% | 10,749 | |
| Interest Expense | 8↑5.5% | 7↑24.3% | 6↑120.1% | 3↑3346.0% | 0.08 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 13 | |
| Other Income / Expenses | 0.00↓100.0% | 37↓4.3% | 39↑19.9% | 32↑3229247600.0% | 0.00 | |
| Income Before Tax | 36↓2.8% | 37↓4.3% | 39↑19.9% | 32↑155.0% | 13 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 36↓2.8% | 37↓4.3% | 39↑19.9% | 32↑155.0% | 13 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 36↓2.8% | 37↓4.3% | 39↑19.9% | 32↑155.0% | 13 | |
| Bottom-Line Net Income | 36↓2.8% | 37↓4.3% | 39↑19.9% | 32↑155.0% | 13 | |
| EPS (Basic) | 1.71↓10.9% | 1.92↓10.3% | 2.14↑16.9% | 1.83↑238.9% | 0.54 | |
| EPS (Diluted) | 1.68↓10.6% | 1.88↓10.9% | 2.11↑15.9% | 1.82↑237.0% | 0.54 | |
| Weighted Average Shares | 21↑8.9% | 19↑6.6% | 18↑2.4% | 18↑1.1% | 17 | |
| Weighted Average Diluted Shares | 21↑8.7% | 20↑7.5% | 18↑3.4% | 18↑1.7% | 17 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.