Chicago Atlantic Real Estate Finance (REFI) Income Statement

Chicago Atlantic Real Estate Finance reported revenue of $54.82M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 1.0% from $55.37M a year earlier. Net income was $36.01M, down 2.8% year over year, a net margin of 65.7%. Gross margin was 100.0% and operating margin 79.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $15.22M, up 4.3% from the same quarter a year earlier.

Chicago Atlantic Real Estate Finance Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Chicago Atlantic Real Estate Finance, Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	0.05	0.06	0.06	0.04	0.01
Cost of Revenue	0.01	0.00	0.00	0.00	0.00
Gross Profit	0.05	0.05	0.06	0.05	0.01
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.01	0.01	0.01	0.01	0.00
Operating Expenses	0.02	0.05	0.06	0.05	0.00
Operating Income	0.04	0.04	0.04	0.03	0.01
Other Income/Expense
Interest Income	0.06	0.06	0.06	0.05	10.75
Interest Expense	0.01	0.01	0.01	0.00	0.00
Other Income/Expense	-0.01	0.04	0.04	0.03	0.00
Income
Income Before Tax	0.04	0.04	0.04	0.03	0.01
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	0.04	0.04	0.04	0.03	0.01
Net Income - Continuous Operations	0.04	0.04	0.04	0.03	0.01
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	0.04	0.00	0.00	0.56	0.00
EBIT	-	-	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	0.56	0.00
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	2.00
Diluted EPS	2.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	0.02	0.02	0.02	0.02	0.01
Diluted Shares Outstanding	0.02	0.02	0.02	0.02	0.01

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 Real Estate Finance Financial Statements

What was Chicago Atlantic Real Estate Finance's revenue in fiscal 2025?

Chicago Atlantic Real Estate Finance reported revenue of $54.82M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 1.0% from $55.37M a year earlier.

Is Chicago Atlantic Real Estate Finance profitable?

Yes. Chicago Atlantic Real Estate Finance earned net income of $36.01M in fiscal 2025, a net margin of 65.7%. In fiscal 2024 it earned $37.05M.

What is Chicago Atlantic Real Estate Finance's operating margin?

Chicago Atlantic Real Estate Finance's operating income was $43.56M on revenue of $54.82M in fiscal 2025, an operating margin of 79.4%, compared with 67.2% 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