SequelSEC

Chicago Atlantic Real Estate Finance, Inc. REFI

Real Estate Investment Trusts · CIK 0001867949 · Fiscal year ends 1231

Revenue
$48.86M
Fiscal year ended 2022-12-31
Operating income
Unavailable
Fiscal year ended 2022-12-31
Free cash flow
Unavailable
Fiscal year ended 2022-12-31

Valuation, from the filing

Public float$236.80MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-12-31
Float per share$11.23Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.

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 2025-12-31, not today.

How this compares in its industry

Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate0.0%18th

Chicago Atlantic Real Estate Finance, Inc. (REFI) reported revenue of $48.86M and net income of $32.29M for the fiscal year ended 2022-12-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Chicago Atlantic Real Estate Finance, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.

Income

Chicago Atlantic Real Estate Finance, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2022-12-31
Revenue$48.86M
Cost of revenueUnavailable
Gross profitUnavailable
Operating incomeUnavailable
Net income$32.29M
Research & developmentUnavailable
Weighted-average diluted sharesshares 17.75M
Pretax income$32.29M
Income tax expense$0
Diluted EPS$1.82
Selling, general & administrativeUnavailable
General & administrative$3.53M
Selling & marketingUnavailable

Balance

Chicago Atlantic Real Estate Finance, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2022-12-31
Cash & equivalents$5.72M
Total assets$343.27M
Current assetsUnavailable
Total liabilities$79.24M
Current liabilitiesUnavailable
Total equity incl. NCI$264.03M
Temporary (mezzanine) equityUnavailable
Inventory$1.20M
Accounts receivableUnavailable
GoodwillUnavailable
Long-term debtUnavailable
Accounts payableUnavailable

Cash flow

Chicago Atlantic Real Estate Finance, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2022-12-31
Operating cash flow$17.01M
Capital expendituresUnavailable
Investing cash flow-$125.24M
Financing cash flow$33.71M
Net change in cashUnavailable
Stock-based compensation$435.62K
Common dividends paid$28.17M
Common share repurchasesUnavailable
Depreciation & amortizationUnavailable

Derived

Chicago Atlantic Real Estate Finance, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2022-12-31
Free cash flowUnavailable
Gross marginUnavailable
Operating marginUnavailable
FCF marginUnavailable
SBC / revenueUnavailable
Current ratioUnavailable
Revenue YoY growthUnavailable
Net marginUnavailable
R&D / revenueUnavailable
CapEx / revenueUnavailable
Long-term debt / equityUnavailable
Effective tax rate0.0%

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

Source filings

10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-12View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

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