REFI - NASDAQ
Chicago Atlantic Real Estate Finance, Inc.
$11.06
-2.0%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.
At a Glance
Live SnapshotChicago Atlantic Real Estate Finance, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
Chicago Atlantic Real Estate Finance, Inc. Income Statement
REFI • NASDAQ
| Chicago Atlantic Real Estate Finance, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
REVENUE | |||||
63.1M | 54.8M | 57.3M | 48.9M | 14.5M | |
GROSS PROFIT | |||||
(8.3M) | (0.0) | (0.0) | (0.0) | (223.5K) | |
54.8M | 54.8M | 57.3M | 48.9M | 14.2M | |
OPERATING INCOME | |||||
(18.8M) | (54.8M) | (57.3M) | (48.9M) | (1.6M) | |
(8.7M) | (8.4M) | (6.7M) | (4M) | (1.6M) | |
36M | 0.0 | 0.0 | 0.0 | 12.7M | |
PRE-TAX INCOME | |||||
(7.5M) | (7.2M) | (5.8M) | (2.6M) | (75.9K) | |
55.4M | 55M | 57.1M | 48.9M | 10.7B | |
(10.1M) | (46.3M) | (50.6M) | (44.9M) | (0.0) | |
0.0 | 37M | 38.7M | 32.3M | 1.0 | |
36M | 37M | 38.7M | 32.3M | 12.7M | |
NET INCOME | |||||
36M | 37M | 38.7M | 32.3M | 12.7M |
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 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | April 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 12, 2026 | December 31, 2025 | 2025 | |
S-3 S-3 N/A | January 16, 2026 | January 16, 2026 | ||
8-K 8-K 2025 N/A | November 04, 2025 | November 04, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 07, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 07, 2025 | August 05, 2025 | 2025 |
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Analyst Expectations
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