Chicago Atlantic Real Estate Finance, Inc.REFIEarnings & Financial Report
Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance firm that primarily originates, underwrites, and manages secured senior mortgage loans for US commercial real estate assets. Its core segments include multifamily residential, industrial, retail, and office properties, serving experienced real estate operators and project sponsors.
Revenue
$14.4M
Gross Profit
N/A
Operating Profit
$8.9M
Net Profit
$8.9M
Gross Margin
N/A
Operating Margin
61.5%
Net Margin
61.5%
YoY Growth
9.4%
EPS
$0.41
Chicago Atlantic Real Estate Finance, Inc. Q2 FY2025 Financial Summary
Chicago Atlantic Real Estate Finance, Inc. reported revenue of $14.4M (up 9.4% YoY) for Q2 FY2025, with a net profit of $8.9M (down 3.3% YoY) (61.5% margin).
Key Financial Metrics
| Total Revenue | $14.4M |
|---|---|
| Net Profit | $8.9M |
| Gross Margin | N/A |
| Operating Margin | 61.5% |
| Report Period | Q2 FY2025 |
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, 2025 revenue was $55.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $55.4M |
| 2024 | $55.0M |
| 2023 | $57.1M |
| 2022 | $48.9M |
Chicago Atlantic Real Estate Finance, Inc. Quarterly Revenue & Net Profit History
Chicago Atlantic Real Estate Finance, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $14.2M | +1.2% | $8.2M | 57.3% |
| Q3 FY2025 | $13.7M | -5.4% | $8.9M | 65.3% |
| Q2 FY2025 | $14.4M | +9.4% | $8.9M | 61.5% |
| Q1 FY2025 | $13.0M | -1.5% | $10.0M | 77.0% |
| Q4 FY2024 | $14.1M | -5.2% | $7.9M | 56.3% |
| Q3 FY2024 | $14.5M | +5.3% | $11.2M | 77.5% |
| Q2 FY2024 | $13.2M | -3.5% | $9.2M | 69.7% |
| Q1 FY2024 | $13.2M | -11.2% | $8.7M | 65.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.2M | $13.2M | $14.5M | $14.1M | $13.0M | $14.4M | $13.7M | $14.2M |
| YoY Growth | -11.2% | -3.5% | 5.3% | -5.2% | -1.5% | 9.4% | -5.4% | 1.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $383.7M | $386.5M | $365.9M | $435.1M | $414.7M | $455.2M | $427.1M | $424.9M |
| Liabilities | $97.7M | $93.8M | $70.4M | $126.2M | $103.9M | $145.2M | $117.2M | $117.1M |
| Equity | $286.0M | $292.7M | $295.5M | $309.0M | $310.8M | $310.0M | $309.9M | $307.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.9M | $6.2M | $8.2M | $23.2M | $7.6M | $6.5M | $8.2M | $28.8M |