Chicago Atlantic Real Estate Finance, Inc.
REFI Nasdaq· Real Estate Investment Trusts
Last close · Oct 23, 2026
$9.37
KIRA · Stoqly’s AI analyst, in plain words
- Chicago Atlantic Real Estate Finance, Inc. had $55.4M of revenue in fiscal 2025, up 0.8% on the year before.
- Chicago Atlantic Real Estate Finance, Inc. made $36.0M of net profit in fiscal 2025. From fiscal 2022 to 2025, diluted EPS grew −2.6% a year.
- Chicago Atlantic Real Estate Finance, Inc. returned $43.8M to shareholders in fiscal 2025. The diluted share count rose 8.7%.
- Chicago Atlantic Real Estate Finance, Inc. owes $34.4M more than it holds in cash.
Market cap
$203M
P/E
6.8x
Revenue
$55.4M
Net income
$36.0M
Free cash flow
—
Operating margin
—
Chicago Atlantic Real Estate Finance, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+0.8%
Only a little. Sales grew 0.8% last year.
Does it make a profit?
65.0%
Yes. It keeps 65.0% of every sale as profit.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
How is the share priced?
6.8x
One share costs 6.8 times its yearly profit per share.
What Chicago Atlantic Real Estate Finance, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- Chicago Atlantic Real Estate Finance, Inc.
- CIK
- 0001867949
Chicago Atlantic Real Estate Finance, Inc. · REFI
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $48.9M | $57.1M | $55.0M | $55.4M |
| Revenue growth | — | 17.0% | −3.8% | 0.8% |
| Net interest income | $48.9M | $57.1M | $55.0M | $55.4M |
| Net income | $32.3M | $38.7M | $37.0M | $36.0M |
| Net margin | 66.1% | 67.7% | 67.4% | 65.0% |
| Diluted EPS | $1.82 | $2.11 | $1.88 | $1.68 |
| Cash | ||||
| Cash from operations | $17.0M | $28.4M | $23.2M | $28.8M |
| Dividends paid | $28.2M | $39.1M | $41.6M | $43.8M |
| Share count change | — | 3.4% | 7.5% | 8.7% |
| Debt and strength | ||||
| Cash and short-term investments | $5.7M | $7.9M | $26.4M | $14.9M |
| Debt incl. finance leases | $618M | $285M | $49.1M | $49.3M |
| Loans, net | $335M | $349M | $398M | $404M |
| Shareholders' equity | $264M | $272M | $309M | $308M |
| Returns and quality | ||||
| Return on equity | 12.2% | 14.4% | 12.8% | 11.7% |
| Return on tangible equity | 12.2% | 14.2% | 12.0% | 11.7% |
| Efficiency ratio | 33.9% | 32.6% | 32.3% | 35.3% |
| Piotroski F-score | — | 5 | 3 | 3 |
Insiders bought, 12 months
$1.3M
3 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Chicago Atlantic Real Estate Finance, Inc. · REFI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $9.37 a share, the company is worth $203M: 6.8 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001867949). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.