REFI
Chicago Atlantic Real Estate Finance Inc
NASDAQ: REFI · REAL ESTATE · REIT - MORTGAGE
$12.25
+2.42% today
Updated 2026-05-05
Market cap
$259.79M
P/E ratio
7.29
P/S ratio
4.75x
EPS (TTM)
$1.68
Dividend yield
15.70%
52W range
$11 – $13
Volume
0.2M
Chicago Atlantic Real Estate Finance Inc (REFI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.08B | $48.86M | $57.33M | $54.78M | $63.10M |
| Revenue growth (YoY) | — | -99.6% | +17.3% | -4.4% | +15.2% |
| Cost of revenue | $905123.00 | $3.89B | $8.78M | $8.06M | $8.28M |
| Gross profit | $11.08B | $-3.84B | $57.33M | $54.78M | $54.82M |
| Gross margin | 100.0% | -7856.6% | 100.0% | 100.0% | 86.9% |
| R&D | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $252.54M | $10.53M | $6.74M | $8.45M | $8.67M |
| Operating income | $9.50B | $34.91M | $44.46M | $44.20M | $36.01M |
| Operating margin | 85.7% | 71.4% | 77.6% | 80.7% | 57.1% |
| EBITDA | $9.50B | $34.91B | $44.46M | $44.20M | $36.01M |
| EBITDA margin | 85.7% | 71445.6% | 77.6% | 80.7% | 57.1% |
| EBIT | $9.50B | $34.91M | $38.53M | $44.20M | — |
| Interest expense | $75861.00 | $2.61M | $5.75M | $7.15M | $7.55M |
| Income tax | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $9.50B | $32.29M | $38.71M | $37.05M | $36.01M |
| Net income growth (YoY) | — | -99.7% | +19.9% | -4.3% | -2.8% |
| Profit margin | 85.7% | 66.1% | 67.5% | 67.6% | 57.1% |