NASDAQ$REFI
Chicago Atlantic Real Estate Finance Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Chicago Atlantic Real Estate Finance reported Q4 2025 net income of $8.2M ($0.39 basic EPS) on net interest income of $14.2M.
For the quarter ended December 31, 2025, REFI earned net income of $8.2 million on net interest income of $14.2 million. Outstanding loan principal was $411.1 million with 16.3% gross portfolio yield.
- Q4 net interest income $14.2M.
- Net income $8.2M; EPS $0.39.
- Portfolio $411.1M at 1.2x collateral coverage.
- ~$616M pipeline under review.
- Distributable EPS $0.40 in Q4.
Headline financials
Revenue & EPS history
Chicago Atlantic · Revenue · Quarterly
$16.1M
Forward guidance
Cannabis rescheduling and regulatory reform could improve borrower economics.
Tailwinds
- LTEV 44.2% with diversified floating-rate book.
Headwinds
- Rate-cut sensitivity on floating loans.
- Regulatory uncertainty in cannabis lending.
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 Q4 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
| Quarter | Report date | Reaction (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% |
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