REFI - NASDAQ

Chicago Atlantic Real Estate Finance, Inc.

REFI·NASDAQ

$11.06

-2.0%

Real EstateREIT - Mortgage

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$234.55M

EPS1.7100

P/E Ratio6.47

Earnings Date08/06/2026

424.92M

Assets

-2%

3Y+24.0%

5Y+53.0%

10Y+53.0%

117.10M

Total Liabilities

-7%

3Y+48.0%

5Y+731.0%

10Y+731.0%

307.81M

Total Equity

3Y+17.0%

5Y+17.0%

10Y+17.0%

Chicago Atlantic Real Estate Finance, Inc. Funding & Solvency Profile

REFI · NASDAQ

Current Assets

Cash & Cash Equivalents14.95M

Net Receivables4.01M

Inventory0.00

Other Current Assets0.00

Total Current Assets19 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets0.00

Long-Term Investments403.89M

Other Non-Current Assets2.06M

Total Non-Current Assets406 M

Total Assets

424.92M

Financial Health Analysis

Current Ratio

0.28x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.38x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

-47960366

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Conservative with tight liquidity: Low debt is positive, but current ratio warrants attention. Consider whether the company is efficiently deploying its equity capital.

Chicago Atlantic Real Estate Finance, Inc. Balance Sheet

REFI • NASDAQ

Chicago Atlantic Real Estate Finance, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	14.9M	26.4M	7.9M	5.7M	80.2M
Cash & Short-Term Investments	14.9M	26.4M	7.9M	5.7M	80.2M
Net Receivables	4M	403.5M	348.7M	335.3M	196.9M
Accounts Receivables	4M	403.5M	348.7M	335.3M	196.9M
Other Current Assets	0.0	5M	1.5M	1.4M	203.9K
Total Current Assets	19M	434.8M	358M	342.5M	277.3M
NON-CURRENT ASSETS
Long-Term Investments	403.9M	0.0	842.3K	0.0	0.0
Other Non-Current Assets	2.1M	305.1K	366.6K	805.6K	868K
Total Non-Current Assets	406M	305.1K	1.2M	805.6K	868K
Total Assets	424.9M	435.1M	359.2M	343.3M	278.2M
LIABILITIES
CURRENT LIABILITIES
Total Payables	17.8M	2.2M	1.1M	963.7K	212.9K
Accounts Payable	1.3M	2.2M	1.1M	963.7K	212.9K
Other Payables	16.5M	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	4.2M	4.3M	5.2M	7.4M
Short Term Debt	49.1M	0.0	0.0	0.0	0.0
Other Current Liabilities	0.0	13.6M	13.9M	13.6M	4.5M
Total Current Liabilities	66.9M	20M	19.3M	19.7M	12.2M
NON-CURRENT LIABILITIES
Long Term Debt	49.3M	104.1M	66M	58M	0.0
Other Non-Current Liabilities	847.7K	2.1M	2.1M	1.5M	1.9M
Total Non-Current Liabilities	50.2M	106.2M	68.1M	59.5M	1.9M
Total Liabilities	117.1M	126.2M	87.4M	79.2M	14.1M
SHAREHOLDERS' EQUITY
Common Stock	210.8K	208.3K	182K	176.9K	173.6K
Additional Paid-In Capital	323.1M	318.9M	277.5M	269M	264.1M
Retained Earnings	-15.5M	-10.1M	-5.8M	-5.1M	-177.6K
Total Stockholders' Equity	307.8M	309M	271.9M	264M	264.1M
Total Equity	307.8M	309M	271.9M	264M	264.1M
SUMMARY
Total Liabilities & Equity	424.9M	435.1M	359.2M	343.3M	278.2M
Total Investments	403.9M	0.0	842.3K	0.0	0.0
Total Debt	98.4M	104.1M	66M	58M	0.0
Net Debt	83.5M	77.7M	58.1M	52.3M	-80.2M
Shares Outstanding	21,074,625	21,074,625	21,074,625	21,074,625	21,074,625

SEC Filings

REFI - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 23, 2026	April 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 12, 2026	March 12, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 12, 2026	December 31, 2025	2025	View Filing
S-3 S-3 N/A	January 16, 2026	January 16, 2026		View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	August 07, 2025	June 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 05, 2025	2025	View Filing

Showing 1 to 10 of 63 filings

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