Chicago Atlantic BDC, Inc. LIEN

Nasdaq

Chicago Atlantic BDC, Inc., incorporated in Maryland on January 25, 2021, is structured as an externally managed, closed-end, non-diversified management investment company. We have elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940, as amended ("1940 Act"). In addition, for U.S. federal income tax purposes, we have elected to be treated, and intend to qualify annually to be treated, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), commencing with our taxable year ended March 31, 2022. See "—Material U.S. Federal Income Tax Considerations—Taxation as a Regulated Investment Company." Also, we are an "emerging growth company," as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"), and intend to take advantage of certain exemptions for emerging growth companies allowing us to temporarily forego the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act").

Last close 9.10 2026-10-27
Market cap $207.7M 2026-06-30 share count
52-week range 8.92 - 11.27

Valuation FY2025 figures against the last close

P/S—
P/E6.2x
P/FCF—
EV/EBITDA—
Dividend yield11.2%
Diluted EPS1.46

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
SG&A $4.6M$700.0K$0—$328.0K—
Interest expense ——$10.9M—$10.1K—
Net income $33.3M$9.6M$7.3M—$84.7M—
EPS, basic 1.460.931.18—-0.64—
EPS, diluted 1.460.931.18—-0.64—
Shares, diluted (wtd. avg.) 22.8M10.3M6.2M—877,409—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $2.9M$23.9M$32.6M$35.1M$84.8M$0
Total assets $342.0M$309.6M$88.6M$87.0M$85.0M—
Total liabilities $38.6M$8.4M$3.0M$495.5K$479.7K—
Retained earnings $25.6K-$2.3M$449.3K$1.5M-$427.8K—
Total equity $303.4M$301.2M$85.6M$86.5M$84.6M-$159.7K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$20.5M-$5.0M$5.7M—-$509.1K—
Depreciation and amortisation -$2.7M-$1.1M-$810.6K—$0—
Financing cash flow -$519.9K-$3.6M-$8.3M—$85.3M—
Dividends paid $23.3M$12.4M$8.3M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-115112.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 25M 50M 75M 100M Net income, FY2021: 84.7M Net income, FY2023: 7.3M Net income, FY2024: 9.6M Net income, FY2025: 33.3M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — —
Gross profit — — — — — —
Net income — $84.7M — $7.3M $9.6M $33.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.