NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Chicago Atlantic BDC reported Q3 2025, revenue of $15.3M, net income of $8.9M.

For Q3 2025, Chicago Atlantic BDC reported revenue of $15.3M, net income of $8.9M. Management discusses operating trends, capital allocation, and outlook in the quarterly filing.

  • Revenue $15.3M.
  • Net income $8.9M.
  • Chicago Atlantic BDC highlights liquidity, costs, and near-term priorities.

Headline financials

Total Revenue

$13.7M

Previous: $14.5M-5.4%
EPS (adj)

$30.00

Previous: $0.56+5257.1%
Free Cash Flow

$8.93M

Previous: $11.2M-20.3%
Net Income

$8.93M

Previous: $11.2M-20.3%
Operating Income

$5.55M

Previous: -$5.12M+208.3%
Gross Profit

$9.85M

Previous: $12M-17.9%

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$13.7M

Q3 2025-5.4%vs Q3 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

REIT/BDC outlook tied to rates, spreads, occupancy, and dividend coverage.

Tailwinds

  • Portfolio yield and occupancy trends.
  • Balance sheet flexibility.
  • Disciplined capital allocation.

Headwinds

  • Interest rate sensitivity.
  • Credit and lease rollover risk.
  • Fair-value marks on investments.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

32%

6 / 19 earnings

Positive

+11.1%

Q3 2022

Best reaction

-5.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-7.2%-8.0%
Q4 2025-0.3%+2.7%-5.3%
Q3 2025-2.3%+0.4%-1.1%
Q1 2025+0.4%+2.8%-1.6%
Q4 2024-3.5%-2.2%-15.1%
Q3 2024+1.5%+0.4%+2.8%
Q2 2024-1.4%-2.5%+1.4%
Q1 2024-2.4%-1.4%-1.9%
Q4 2023-1.1%-1.0%-4.4%
Q3 2023+0.5%+0.3%+4.0%
Q2 2023-1.7%-3.4%-1.2%
Q1 2023+3.8%+1.3%+8.4%
Q4 2022-5.6%-8.5%-3.6%
Q3 2021+11.1%+11.5%+13.4%
Q3 2022+11.1%+11.5%+13.4%
Q2 2022-2.8%+0.5%-5.2%
Q1 2022+0.0%-1.6%+4.0%
Q2 2021-3.4%-1.8%-12.2%
Q4 2021-0.2%+3.3%+2.9%

Discussion

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