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Chicago Atlantic Real Estate Finance REFI Q2 2026 earnings

Reported August 11, 2026 · Before market open

Revenue$12.8MMiss by $1.3M
EPS$0.43Miss by $0.05
Revenue estimate$14.2M
EPS estimate$0.48
“Chicago Atlantic operates in a niche market the broader lending industry generally doesn't serve. This often gives us the leverage to set our own terms, protect our downside, and generate yields that are increasingly hard to find anywhere else in the private credit sector. We are proud to announce $59.2 million of gross originations this quarter. However; earnings were negatively impacted by the timing of deployment as repayments occurred early in the period and deployments later in the period. Our portfolio continues to perform, and our outlook remains positive. We continue to make the strategic moves that we believe position the Company favorably as the cannabis ecosystem evolves, which includes our work toward completion of our previously announced merger with Chicago Atlantic BDC, Inc.”
Peter Sack

Next report

Nov 3, 2026 (in a month)
Revenue estimate$14.8M
EPS estimate$0.50

Financials

Q2 2026

Income statement

See full
Revenue$15.2M-7.8%
Net income$7.5M-15.8%
EPS (diluted)$0.34-17.1%

Balance sheet

See full
Cash & equivalents$13.4M-62.5%
Total debt$49.5M+0.5%
Total equity$301.6M-2.7%
Total assets$461.7M+1.4%

Cash flow

See full
Operating cash flow$9.1M+40.1%
Free cash flow$9.1M+43.2%

Valuation & ratios

Valuation

as of 09/18/26
See full
Market cap$285.68M-1.1%
Enterprise value$321.78M+6.3%
P/E9.7×+2.1×
P/S4.6×+0.1×

Profitability

See full
Net margin47.7%-12.4pp
FCF margin25.4%—

Returns & leverage

See full
Return on equity9.6%-3.0pp
Debt / equity0.2×0.0×

FAQ

When did Chicago Atlantic Real Estate Finance report Q2 2026 earnings?
Chicago Atlantic Real Estate Finance (REFI) reported Q2 2026 earnings on August 11, 2026 before market open.
What were Chicago Atlantic Real Estate Finance's Q2 2026 revenue and EPS?
Chicago Atlantic Real Estate Finance reported revenue of $12.8M and eps of $0.43 for Q2 2026.
Did Chicago Atlantic Real Estate Finance beat estimates in Q2 2026?
Revenue missed the consensus estimate of $14.2M by $1.3M. EPS missed the consensus estimate of $0.48 by $0.05.
How did Chicago Atlantic Real Estate Finance's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 22.2% from $16.5M a year earlier and eps declined 15.7% from $0.51.
Where can I find Chicago Atlantic Real Estate Finance's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001213900-26-087484) and the 10-Q periodic report (0001193125-26-343398) directly on SEC EDGAR. The filing index links above go to sec.gov.