Chicago Atlantic Real Estate Finance, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Chicago Atlantic Real Estate Finance, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $48.86M | Mar 9, 2023 |
| FY2021 | Dec 31, 2021 | $11.08M | Apr 14, 2022 |
| FY2022 | Dec 30, 2021 | $11.00M | Mar 9, 2023 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $36.01M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $37.05M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $38.71M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | $32.29M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $9.50M | Mar 9, 2023 |
| FY2022 | Dec 30, 2021 | $9.50M | Mar 9, 2023 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $28.79M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $23.16M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $28.42M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | $17.01M | Mar 12, 2024 |
| FY2021 | Dec 31, 2021 | $6.67M | Apr 14, 2022 |
| FY2022 | Dec 30, 2021 | $6.67M | Mar 9, 2023 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $424.92M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $435.15M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $359.23M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | $343.27M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $278.17M | Mar 9, 2023 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $117.10M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $126.19M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $87.37M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | $79.24M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $14.09M | Mar 9, 2023 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $307.81M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $308.96M | Mar 12, 2026 |
| FY2025 | Dec 31, 2023 | $271.85M | Mar 12, 2026 |
| FY2024 | Dec 31, 2022 | $264.03M | Mar 12, 2025 |
| FY2023 | Dec 31, 2021 | $264.08M | Mar 12, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($15.52M) | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | ($10.14M) | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | ($5.81M) | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | ($5.14M) | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | ($177.6K) | Mar 9, 2023 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $14.95M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | $26.40M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | $7.90M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | $5.72M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $80.25M | Mar 9, 2023 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $49.33M | Mar 12, 2026 |
| FY2024 | Dec 31, 2024 | $49.10M | Mar 12, 2025 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 2 | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | 1 | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | 1 | Mar 9, 2023 |
| FY2022 | Dec 30, 2021 | 1 | Mar 9, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 2 | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | 1 | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | 1 | Mar 9, 2023 |
| FY2022 | Dec 30, 2021 | 1 | Mar 9, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 21.08M | Mar 12, 2026 |
| FY2025 | Dec 31, 2024 | 20.83M | Mar 12, 2026 |
| FY2024 | Dec 31, 2023 | 18.20M | Mar 12, 2025 |
| FY2023 | Dec 31, 2022 | 17.69M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | 17.45M | Mar 9, 2023 |