Chicago Atlantic BDC (LIEN) Income Statement

Chicago Atlantic BDC reported revenue of $40.53M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 125.5% from $17.97M a year earlier. Net income was $33.28M, up 245.8% year over year, a net margin of 82.1%. Gross margin was 103.5% and operating margin 85.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $13.97M, up 33.0% from the same quarter a year earlier.

Chicago Atlantic BDC Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Chicago Atlantic BDC, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Revenue & Gross Profit
Revenue	40.53	17.97	17.97	11.93	4.05	0.01	0.00
Cost of Revenue	12.35	0.00	-	0.00	0.00	0.00	0.00
Gross Profit	41.95	17.97	21.67	11.93	4.05	0.01	0.00
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	8.11	8.23	8.23	4.58	1.98	0.25	0.96
Operating Expenses	7.25	8.35	8.35	4.59	1.98	0.25	0.96
Operating Income	34.53	9.62	14.79	7.34	2.06	-0.56	-0.96
Other Income/Expense
Interest Income	49.27	19.91	19.91	11.74	0.00	0.01	0.00
Interest Expense	0.18	0.00	-	0.00	0.00	0.00	0.00
Other Income/Expense	-1.25	0.00	-	0.00	-0.35	0.00	0.00
Income
Income Before Tax	33.28	9.62	9.62	7.34	1.71	-0.56	-0.96
Income Tax Expense	0.00	0.00	-	0.00	0.00	0.00	0.00
Net Income	33.28	9.62	9.62	7.34	1.71	-0.56	-0.96
Net Income - Continuous Operations	33.28	9.62	9.62	7.34	1.71	-0.56	-0.96
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	34.53	9.62	-	7.34	1.98	-0.56	0.00
EBIT	32.32	-	14.79	7.34	-	-0.56	-0.96
Depreciation & Amortization	0.00	0.00	-	0.00	0.00	0.00	0.96
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	-	-1.00	-1.00
Diluted EPS	1.00	1.00	1.00	1.00	-	-1.00	-1.00
Basic Shares Outstanding	22.82	10.34	10.34	6.21	5.55	0.88	0.88
Diluted Shares Outstanding	22.82	10.34	10.34	6.21	5.55	0.88	0.88

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Chicago Atlantic BDC Financial Statements

What was Chicago Atlantic BDC's revenue in fiscal 2025?

Chicago Atlantic BDC reported revenue of $40.53M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 125.5% from $17.97M a year earlier.

Is Chicago Atlantic BDC profitable?

Yes. Chicago Atlantic BDC earned net income of $33.28M in fiscal 2025, a net margin of 82.1%. In fiscal 2024 it earned $9.62M.

What is Chicago Atlantic BDC's operating margin?

Chicago Atlantic BDC's operating income was $34.53M on revenue of $40.53M in fiscal 2025, an operating margin of 85.2%, compared with 53.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition