Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)
Chicago Atlantic Real Estate Finance, Inc. has a live Insider Score.
Scored on 8 qualifying trades from 3 insiders in the last 90 days.
Keeps a healthy share of every dollar it sells.
- Revenue
- $60.1M
- Net income
- $29.4M
- Net margin
- 48.9%
Heavily indebted for what it earns.
- Total debt
- $140.5M
- Cash
- $13.4M
- Net debt / EBITDA
- 5.11x
Covers near-term obligations, without much room.
- Current assets
- $19.6M
- Current liabilities
- $17.3M
- Current ratio
- 1.13
The business funds itself from operations.
- Operating cash flow
- $26.9M
- Free cash flow
- $26.9M
- FCF margin
- 44.8%
Not funding itself by issuing shares.
- Shares outstanding
- 21.2M
- Share growth (1y)
- 1.1%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
REFI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 15.22 M | 15.16 M | 16.08 M | 13.69 M | 14.59 M | 13.04 M |
| Revenue Growth (YoY) | 4.31 % | 16.28 % | 15.63 % | -5.35 % | 10.67 % | -1.47 % |
| Cost of Revenue | 1.60 M | 1.72 M | 1.94 M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 13.61 M | 13.45 M | 14.14 M | 13.69 M | 14.59 M | 13.04 M |
| SG&A Expense | 2.02 M | 1.66 B | 2.45 M | 2.23 M | 2.15 M | 1.85 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 3.76 M | 6.56 M | 5.98 M | 13.69 M | 14.59 M | 13.04 M |
| Operating Income | 9.86 M | 6.88 M | 8.16 M | 0.00 | 0.00 | 0.00 |
| Pretax Income | 7.47 M | 4.84 M | 8.16 M | 8.93 M | 8.88 M | 10.04 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 7.47 M | 4.84 M | 8.16 M | 8.93 M | 8.88 M | 10.04 M |
| EPS (Basic) | 0.35 | 0.23 | 0.39 | 0.42 | 0.42 | 0.48 |
| EPS (Diluted) | 0.34 | 0.23 | 0.38 | 0.42 | 0.41 | 0.47 |
| Shares Outstanding | 21.24 M | 21.08 M | 21.00 M | 21.07 M | 21.00 M | 20.86 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.