Chicago Atlantic Real Estate Finance, Inc.REFIEarnings & Financial Report
Nasdaq
REFI Q3 2025 Key Financial Metrics
Revenue
$13.7M
Gross Profit
N/A
Operating Profit
$8.9M
Net Profit
$8.9M
Gross Margin
N/A
Operating Margin
65.3%
Net Margin
65.3%
YoY Growth
-5.4%
EPS
$0.42
Financial Flow
Chicago Atlantic Real Estate Finance, Inc. Q3 2025 Financial Summary
Chicago Atlantic Real Estate Finance, Inc. reported revenue of $13.7M for Q3 2025, with a net profit of $8.9M (65.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $13.7M |
|---|---|
| Net Profit | $8.9M |
| Gross Margin | N/A |
| Operating Margin | 65.3% |
| Report Period | Q3 2025 |
Chicago Atlantic Real Estate Finance, Inc. Annual Revenue by Year
Chicago Atlantic Real Estate Finance, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $55.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $55.0M |
| 2023 | $54.5M |
| 2022 | $48.9M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2M | $13.2M | $13.2M | $14.5M | $14.1M | $13.0M | $14.4M | $13.7M |
| YoY Growth | -16.8% | -11.2% | -3.5% | 5.3% | 15.1% | -1.5% | 9.4% | -5.4% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $359.2M | $383.7M | $386.5M | $365.9M | $435.1M | $414.7M | $455.2M | $427.1M |
| Liabilities | $87.4M | $97.7M | $93.8M | $70.4M | $126.2M | $103.9M | $145.2M | $117.2M |
| Equity | $271.9M | $286.0M | $292.7M | $295.5M | $309.0M | $310.8M | $310.0M | $309.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $15.5M | $6.9M | $6.2M | $8.2M | $1.8M | $7.6M | $6.5M | $8.2M |