SequelSEC

Chicago Atlantic BDC, Inc. LIEN

Industry unavailable · CIK 0001843162 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2025-12-31
Operating income
Unavailable
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$207.79MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$9.11Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income6.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.7×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

6.2× earnings today, against a median of 5.6× across 3 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$207.79M6.2×
2024-06-30$53.42M5.6×
2023-06-30$14.02M1.9×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

Chicago Atlantic BDC, Inc. (LIEN) reported net income of $33.28M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from Chicago Atlantic BDC, Inc.’s SEC filings, each linked to the filing it came from.

Income

Chicago Atlantic BDC, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-03-31
RevenueUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailable
Net income$33.28M$9.62M$7.34M$84.71M
Research & developmentUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 22.82Mshares 10.34Mshares 6.21MUnavailable
Pretax incomeUnavailableUnavailableUnavailableUnavailable
Income tax expenseUnavailableUnavailableUnavailableUnavailable
Diluted EPS$1.46$0.93$1.18$-0.64
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailable
General & administrative$4.63M$700.00K$0$328.00K
Selling & marketingUnavailableUnavailableUnavailableUnavailable

Balance

Chicago Atlantic BDC, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-03-31
Cash & equivalents$2.93M$23.93M$32.61MUnavailable
Total assets$342.00M$309.56M$88.58MUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailable
Total liabilities$38.59M$8.40M$3.02MUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$303.41M$301.16M$85.55M$84.55M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailable

Cash flow

Chicago Atlantic BDC, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-03-31
Operating cash flow-$20.48M-$5.03M$5.75M-$509.11K
Capital expendituresUnavailableUnavailableUnavailableUnavailable
Investing cash flowUnavailableUnavailableUnavailableUnavailable
Financing cash flow-$519.92K-$3.64M-$8.26M$85.28M
Net change in cashUnavailableUnavailableUnavailableUnavailable
Stock-based compensationUnavailableUnavailableUnavailableUnavailable
Common dividends paid$23.27M$12.42M$8.26M$0
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization-$2.70M-$1.10M-$810.55K$0

Derived

Chicago Atlantic BDC, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-03-31
Free cash flowUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LIEN in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-03-19View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-14View SEC filing

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.