Is Chicago Atlantic Real Estate Finance, Inc. (REFI) a Buy, Sell, or Hold?
NASDAQ : REFI
Chicago Atlantic Real Estate Finance, Inc. — Financials
$10.35 USD
$0.12 (1.17%)
- Volume
- 7.88K
- Average Volume
- 160.76K
- Market Capitalization
- $220.6M
- P/E Ratio
- 7.45
- Dividend Yield
- 18.16%
- Price Target
- $16.00
- Year High
- $14.57
- Year Low
- $9.69
- Day High
- —
- Day Low
- —
- Payout Ratio
- $1.38
- Current Ratio
- $0.43
REFI Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| revenue | 63.1M | 54.78M | 57.33M | 48.86M | 14.47M |
| costOfRevenue | 8.28M | - | - | - | 223.46K |
| grossProfit | 54.82M | 54.78M | 57.33M | 48.86M | 14.24M |
| researchAndDevelopmentExpenses | - | - | - | - | - |
| generalAndAdministrativeExpenses | 8.67M | 8.45M | 6.74M | 3.96M | 1.54M |
| sellingAndMarketingExpenses | - | - | - | - | 39481 |
| sellingGeneralAndAdministrativeExpenses | 8.67M | 8.45M | 6.74M | 3.96M | 1.58M |
| otherExpenses | 10.14M | 46.34M | 50.59M | 44.89M | 597.7K |
| operatingExpenses | 18.81M | 54.78M | 57.33M | 48.86M | 1.58M |
| costAndExpenses | 27.09M | 54.78M | 57.33M | 48.86M | 1.81M |
| netInterestIncome | 55.39M | 54.95M | 57.15M | 48.86M | 10.75B |
| interestIncome | 62.94M | 62.1M | 62.9M | 51.47M | 10.75B |
| interestExpense | 7.55M | 7.15M | 5.75M | 2.61M | 75861 |
| depreciationAndAmortization | - | - | - | 563.46M | 101.15K |
| ebitda | 36.01M | - | - | 563.46M | 101.15K |
| ebit | 36.01M | - | - | - | - |
| nonOperatingIncomeExcludingInterest | - | - | - | - | 12.66M |
| operatingIncome | 36.01M | - | - | - | 12.66M |
| totalOtherIncomeExpensesNet | - | 37.05M | 38.71M | 32.29M | 1 |
| incomeBeforeTax | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| incomeTaxExpense | - | - | - | - | - |
| netIncomeFromContinuingOperations | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - |
| netIncome | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| netIncomeDeductions | - | - | - | - | - |
| bottomLineNetIncome | 36.01M | 37.05M | 38.71M | 32.29M | 12.66M |
| eps | 1.71 | 1.92 | 2.14 | 1.83 | 0.54 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| cashAndCashEquivalents | 14.95M | 26.4M | 7.9M | 5.72M | 80.25M |
| shortTermInvestments | - | - | - | - | - |
| cashAndShortTermInvestments | 14.95M | 26.4M | 7.9M | 5.72M | 80.25M |
| netReceivables | 4.01M | 403.47M | 348.67M | 335.33M | 196.85M |
| accountsReceivables | 4.01M | 403.47M | 348.67M | 335.33M | 196.85M |
| otherReceivables | - | - | - | - | - |
| inventory | - | - | - | - | - |
| prepaids | - | - | - | - | - |
| otherCurrentAssets | - | 4.98M | 1.45M | 1.42M | 203.88K |
| totalCurrentAssets | 18.96M | 434.84M | 358.02M | 342.47M | 277.3M |
| propertyPlantEquipmentNet | - | - | - | - | - |
| goodwill | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - |
| longTermInvestments | 403.89M | - | 842.27K | - | - |
| taxAssets | - | - | - | - | - |
| otherNonCurrentAssets | 2.06M | 305.08K | 366.59K | 805.6K | 868.02K |
| totalNonCurrentAssets | 405.96M | 305.08K | 1.21M | 805.6K | 868.02K |
| otherAssets | - | - | - | - | - |
| totalAssets | 424.92M | 435.15M | 359.23M | 343.27M | 278.17M |
| totalPayables | 17.82M | 2.24M | 1.13M | 963.71K | 212.89K |
| accountPayables | 1.35M | 2.24M | 1.13M | 963.71K | 212.89K |
| otherPayables | 16.47M | - | - | - | - |
| accruedExpenses | - | 4.16M | 4.32M | 5.16M | 7.44M |
| shortTermDebt | 49.1M | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - |
| taxPayables | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - |
| otherCurrentLiabilities | - | 13.61M | 13.87M | 13.62M | 4.54M |
| totalCurrentLiabilities | 66.92M | 20.01M | 19.32M | 19.75M | 12.19M |
| longTermDebt | 49.33M | 104.1M | 66M | 58M | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - |
| otherNonCurrentLiabilities | 847.66K | 2.09M | 2.05M | 1.49M | 1.9M |
| totalNonCurrentLiabilities | 50.18M | 106.19M | 68.05M | 59.49M | 1.9M |
| otherLiabilities | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - |
| totalLiabilities | 117.1M | 126.19M | 87.37M | 79.24M | 14.09M |
| treasuryStock | - | - | - | - | - |
| preferredStock | - | - | - | - | - |
| commonStock | 210.8K | 208.29K | 181.97K | 176.86K | 173.55K |
| retainedEarnings | -15.52M | -10.14M | -5.81M | -5.14M | -177.56K |
| additionalPaidInCapital | 323.13M | 318.89M | 277.48M | 269M | 264.08M |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| netIncome | 36.01M | 37.04M | 38.71M | 32.29M | 9.5M |
| depreciationAndAmortization | - | - | - | 563.46M | 101.15K |
| deferredIncomeTax | - | - | - | - | - |
| stockBasedCompensation | 3.37M | 3.06M | 1.48M | 435.62K | 39481 |
| changeInWorkingCapital | -1.84M | -5.94M | -642.77K | -10.38M | -1.69M |
| accountsReceivables | -849.09K | -3.71M | 93047 | -1.01M | -203.88K |
| inventory | - | - | - | - | - |
| accountsPayables | -116.86K | 726.58K | 116.72K | 764.23K | 1.1M |
| otherWorkingCapital | -878.26K | -2.96M | -852.54K | -10.14M | -2.59M |
| otherNonCashItems | -8.74M | -11M | -11.13M | -568.81M | -1.28M |
| netCashProvidedByOperatingActivities | 28.79M | 23.16M | 28.42M | 17.01M | 6.67M |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | 6.7B | - |
| otherInvestingActivities | 8.74M | -39.3M | -1.93M | -6.82B | -145.22M |
| netCashProvidedByInvestingActivities | 8.74M | -39.3M | -1.93M | -125.24M | -145.22M |
| netDebtIssuance | -5.9M | 37.9M | 8M | 58M | - |
| longTermNetDebtIssuance | -5.9M | 37.9M | 8M | 58M | - |
| shortTermNetDebtIssuance | - | - | - | - | - |
| netStockIssuance | 1.03M | 39.59M | 6.94M | 4.51M | 223.94M |
| netCommonStockIssuance | 1.03M | 39.59M | 7.22M | 4.51M | 223.94M |
| commonStockIssuance | 1.03M | 39.59M | 7.22M | 4.51M | 223.94M |
| commonStockRepurchased | - | - | - | - | - |
| netPreferredStockIssuance | - | - | -284.57K | - | - |
| netDividendsPaid | -43.84M | -41.63M | -39.13M | -28.17M | -6.85M |
| commonDividendsPaid | -43.84M | -41.63M | -39.13M | -28.17M | -6.85M |
| preferredDividendsPaid | - | - | - | - | - |
| otherFinancingActivities | -270.74K | -1.22M | -112.28K | -625.54K | 1.71M |
| netCashProvidedByFinancingActivities | -48.98M | 34.64M | -24.31M | 33.71M | 218.8M |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | 15.16M | 16.08M | 13.69M | 14.59M | 13.04M | 13.9M | 14.46M | 13.18M | 13.24M |
| costOfRevenue | - | 1.72M | 1.94M | - | - | - | - | - | - | - |
| grossProfit | - | 13.45M | 14.14M | 13.69M | 14.59M | 13.04M | 13.9M | 14.46M | 13.18M | 13.24M |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 2.02M | 1.66B | 2.45M | 2.23M | 2.15M | 1.85M | 2.34M | 2.1M | 2.09M | 1.92M |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 2.02M | 1.66B | 2.45M | 2.23M | 2.15M | 1.85M | 2.34M | 2.1M | 2.09M | 1.92M |
| otherExpenses | - | -1.65B | 3.53M | 11.46M | 12.44M | 11.2M | 11.57M | 12.36M | 11.09M | 11.31M |
| operatingExpenses | 2.02M | 6.56M | 5.98M | 13.69M | 14.59M | 13.04M | 13.9M | 14.46M | 13.18M | 13.24M |
| costAndExpenses | - | 8.28M | 7.92M | 13.69M | 14.59M | 13.04M | 13.9M | 14.46M | 13.18M | 13.24M |
| netInterestIncome | - | 13.12M | 14.24M | 13.69M | 14.42M | 13.04M | 14.07M | 14.46M | 13.18M | 13.24M |
| interestIncome | 15.22M | 15.16M | 16.08M | 15.25M | 16.5M | 15.11M | 15.48M | 16.26M | 15.02M | 15.34M |
| interestExpense | -2.38M | 2.04M | 1.84M | 1.57M | 2.08M | 2.06M | 1.41M | 1.8M | 1.84M | 2.1M |
| depreciationAndAmortization | - | - | - | - | - | - | - | 79768 | 91678 | 90915 |
| ebitda | - | 6.88M | 8.16M | - | - | - | - | 79768 | 91678 | 90915 |
| ebit | - | 6.88M | 8.16M | - | - | - | - | - | - | - |
| nonOperatingIncomeExcludingInterest | - | - | - | - | - | - | - | - | - | - |
| operatingIncome | - | 6.88M | 8.16M | - | - | - | - | - | - | - |
| totalOtherIncomeExpensesNet | - | -2.04M | - | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| incomeBeforeTax | 7.47M | 4.84M | 8.16M | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| incomeTaxExpense | - | - | - | - | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | 7.47M | 4.84M | 8.16M | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | 7.47M | 4.84M | 8.16M | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | 7.47M | 4.84M | 8.16M | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| eps | 0.35 | 0.23 | 0.39 | 0.42 | 0.42 | 0.48 | 0.4 | 0.57 | 0.47 | 0.48 |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 13.35M | 27.86M | 14.95M | 28.92M | 35.56M | 9.88M | 26.4M | 6.76M | 7.07M | 6.9M |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 13.35M | 27.86M | 14.95M | 28.92M | 35.56M | 9.88M | 26.4M | 6.76M | 7.07M | 6.9M |
| netReceivables | 8.02M | 7.47B | 4.01M | 4.49M | 415.05M | 401.52M | 403.47M | 350.58M | 376.78M | 370.49M |
| accountsReceivables | - | 7.47B | 4.01M | 4.49M | 415.05M | 401.52M | 403.47M | 350.58M | 376.78M | 370.49M |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | - | -7.47B | - | - | 4.39M | 3.02M | 4.98M | 8.31M | 2.34M | 5.94M |
| totalCurrentAssets | 21.38M | 32.76M | 18.96M | 33.41M | 455.01M | 414.41M | 434.84M | 365.65M | 386.19M | 383.33M |
| propertyPlantEquipmentNet | - | - | - | - | - | - | - | - | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | 400.56M | 403.89M | 393.06M | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | 2.63M | 2.06M | 608.25K | 203.38K | 254.23K | 305.08K | 261.22K | 301.04K | 325.42K |
| totalNonCurrentAssets | - | 403.19M | 405.96M | 393.67M | 203.38K | 254.23K | 305.08K | 261.22K | 301.04K | 325.42K |
| otherAssets | 440.32M | - | - | - | - | - | - | - | - | - |
| totalAssets | 461.7M | 435.95M | 424.92M | 427.08M | 455.21M | 414.67M | 435.15M | 365.91M | 386.49M | 383.65M |
| totalPayables | - | 14.83M | 17.82M | 14.41M | 10.82M | 2.99M | 2.24M | 1.36M | 1.54M | 1.34M |
| accountPayables | - | 310.11K | 1.35M | - | 10.82M | 2.99M | 2.24M | 1.36M | 1.54M | 1.34M |
| otherPayables | - | 14.52M | 16.47M | 14.41M | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | 2.18M | 2.28M | 4.16M | 4.25M | 4.27M | 4.27M |
| shortTermDebt | 49.45M | 67.05M | 49.1M | 52.4M | - | - | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | - | - | - | 9.91M | 9.82M | 13.61M | 9.27M | 9.26M | 9.01M |
| totalCurrentLiabilities | 49.45M | 81.88M | 66.92M | 66.81M | 22.9M | 15.1M | 20.01M | 14.88M | 15.06M | 14.62M |
| longTermDebt | - | 49.39M | 49.33M | 49.27M | 120.42M | 87.16M | 104.1M | 54M | 76.75M | 81.25M |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 110.6M | 1.25M | 847.66K | 1.07M | 1.87M | 1.63M | 2.09M | 1.57M | 1.95M | 1.82M |
| totalNonCurrentLiabilities | 110.6M | 50.65M | 50.18M | 50.35M | 122.29M | 88.79M | 106.19M | 55.57M | 78.7M | 83.07M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 160.05M | 132.53M | 117.1M | 117.16M | 145.19M | 103.89M | 126.19M | 70.45M | 93.77M | 97.69M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 213.14K | 210.8K | 210.8K | 210.75K | 210.75K | 208.94K | 208.29K | 196.34K | 196.24K | 191K |
| retainedEarnings | -23.51M | -20.78M | -15.52M | -12.52M | -11.55M | -9.92M | -10.14M | -4.45M | -6.39M | -6.09M |
| additionalPaidInCapital | - | 323.99M | 323.13M | 322.23M | 321.37M | 320.49M | 318.89M | 299.72M | 298.92M | 291.86M |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | 7.47M | 4.84M | -20.77B | 8.93M | 8.88M | 10.04M | 7.92M | 11.21M | 9.18M | 8.73M |
| depreciationAndAmortization | 167.42K | - | -246.29M | - | - | - | -5363 | 79768 | 91678 | 90915 |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | 957.58K | 865.35K | -1.27B | 928.65K | 881.13K | 649.31K | 845.52K | 845.52K | 836.33K | 531.29K |
| changeInWorkingCapital | 4.66M | -4.66M | 896.77K | -217.09K | -2.39M | -137.46K | -5.55M | -205.86K | -462.7K | 668.56K |
| accountsReceivables | 1.66M | -1.66M | -685.16K | -430.39K | -1.43M | 2.08M | -2.62M | 897.12K | -889.28K | -7841 |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | 974.92K | -851.12K | 2.56M | -283.41K | -986.9K | -872.27K | 881.75K | -183.84K | 154.14K | -1.21M |
| otherWorkingCapital | 2.14M | -2.14M | -977.78K | 496.71K | 31127 | -1.34M | -3.81M | -919.14K | 272.44K | 1.89M |
| otherNonCashItems | -4.2M | 2.11M | 22.29B | -1.46M | -908.74K | -2.93M | -1.38M | -3.73M | -3.44M | -3.1M |
| netCashProvidedByOperatingActivities | 9.06M | 3.16M | 6.52M | 8.19M | 6.46M | 7.63M | 1.83M | 8.2M | 6.21M | 6.92M |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | 27.11M | - | - | - | - | - | - | 19B | - | - |
| otherInvestingActivities | -63.76M | 1.73M | -7.28M | 14.06M | -3.56M | 5.51M | -41.27M | -18.98B | -2.86M | -18.72M |
| netCashProvidedByInvestingActivities | -36.65M | 1.73M | -7.28M | 14.06M | -3.56M | 5.51M | -41.27M | 23.54M | -2.86M | -18.72M |
| netDebtIssuance | - | 17.95M | -3.3M | -18.8M | 33.2M | -17M | 51M | -22.75M | -4.5M | 15.25M |
| longTermNetDebtIssuance | - | 17.95M | -3.3M | -18.8M | 33.2M | -17M | 51M | -22.75M | -4.5M | 15.25M |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | -29681 | -50739 | -27931 | - | 1.03M | 18.8M | 43515 | 10.94M | 9.81M |
| netCommonStockIssuance | 29681 | -29681 | -50739 | -27931 | - | 1.03M | 18.8M | 43515 | 10.94M | 9.81M |
| commonStockIssuance | 29681 | -29681 | -50739 | -27931 | - | 1.03M | 18.8M | 43515 | 10.94M | 9.81M |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | -10.91M | -9.91M | -9.91M | -9.91M | -10.43M | -13.61M | -9.27M | -9.26M | -9.24M | -13.87M |
| commonDividendsPaid | - | -9.91M | -9.91M | -9.91M | -10.43M | -13.61M | -9.27M | -9.26M | -9.24M | -13.87M |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 24M | -29681 | 40739 | -178.67K | 1 | -82069 | -1.45M | -89646 | -390.37K | -389.65K |
| netCashProvidedByFinancingActivities | 13.09M | 8.01M | -13.22M | -28.89M | 22.77M | -29.65M | 59.08M | -32.05M | -3.19M | 10.81M |