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Chicago Atlantic Real Estate Finance REFI Q4 2025 Annual earnings

Reported March 12, 2026 · Before market open

Revenue$14.2MMiss by $99.6KDiluted EPS$0.43Beat by $0.01
Revenue estimate$14.3M
EPS estimate$0.42

Next report

Aug 11, 2026 (In 2 weeks)
Revenue estimate$14.2M
EPS estimate$0.48

Financials

Q4 2025

Income statement

See full
Revenue$16.1M+3.9%
Net income$8.2M+3.0%
EPS (diluted)$0.38-2.6%

Balance sheet

See full
Cash & equivalents$14.9M-43.4%
Total debt$49.3M+0.5%
Total equity$307.8M-0.4%
Total assets$424.9M-2.4%

Cash flow

See full
Operating cash flow$6.5M+257%
CapEx$1.3M-71.1%
Free cash flow$5.3M—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$258.38M-14.7%
Enterprise value$292.77M-10.0%
P/E7.2×-1.0×
P/S4.1×-0.8×

Profitability

See full
Net margin57.2%-2.4pp
FCF margin28%—

Returns & leverage

See full
Return on equity11.7%-1.1pp
Debt / equity0.2×0.0×

Versus estimates

Revenue

Q1 2026$13.1MMiss by $567.8K
Q4 2025$14.2MMiss by $99.6K
Q3 2025$13.7MMiss by $513.6KQ2 2025$16.5MBeat by $602.0KQ1 2025$13.0MBeat by $11.7KQ4 2024$13.9MMiss by $137.4K

Diluted EPS

Q1 2026$0.46Miss by $0.02
Q4 2025$0.43Beat by $0.01
Q3 2025$0.49Beat by $0.03Q2 2025$0.51Beat by $0.06Q1 2025$0.46Beat by $0.01Q4 2024$0.46Beat by $0.03

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Questions, answered.

When did Chicago Atlantic Real Estate Finance report Q4 2025 earnings?
Chicago Atlantic Real Estate Finance (REFI) reported Q4 2025 earnings on March 12, 2026 before market open.
What were Chicago Atlantic Real Estate Finance's Q4 2025 revenue and EPS?
Chicago Atlantic Real Estate Finance reported revenue of $14.2M and diluted EPS of $0.43 for Q4 2025.
Did Chicago Atlantic Real Estate Finance beat estimates in Q4 2025?
Revenue missed the consensus estimate of $14.3M by $99.6K. EPS beat the consensus estimate of $0.42 by $0.01.
How did Chicago Atlantic Real Estate Finance's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.4% from $13.9M a year earlier and diluted EPS declined 6.5% from $0.46.
Where can I find Chicago Atlantic Real Estate Finance's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001213900-26-026631) and the 10-K periodic report (0001193125-26-103027) directly on SEC EDGAR. The filing index links above go to sec.gov.