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Chicago Atlantic Real Estate Finance logo

Chicago Atlantic Real Estate Finance Cash Flow Statement

Operating, investing, and financing cash movements

Chicago Atlantic Real Estate Finance generated $24.3M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$24.3MNet Cash From Investing (TTM)-$15.1MNet Cash From Financing (TTM)-$2.6MNet Change In Cash (TTM)$18.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$239.9M
P/E Ratio7.79
ROE10.03%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit$85.5M$16M$40.9M$49.2M$36M$55.8M
Proceeds from lines of credit$85.5M$16M$40.9M$49.2M$36M$55.8M
Proceeds from Lines of Credit$85.5M$16M$40.9M$49.2M$36M$55.8M
Repayments of Lines of Credit$84.5M$33M$7.7M$68M$39.3M$37.8M
Proceeds from issuance of debt$85.5M$16M$200K$0$139.5M$55.8M
Repayments of debt$182M$17M——$145.4M$18M
Dividends paid$9.3M$13.6M$10.4M$9.9M$9.9M$9.9M
Payments Of Stock Issuance Costs$463.9K$82.1K$0$68.7K$10K$29.7K
Proceeds from (Repayments of) Debt—$17M———$18M
Proceeds from Borrowings on Revolving Credit Facility$85.5M$16M$40.9M$49.2M$36M$55.8M
Repayments of Lines of Credit$84.5M$33M$7.7M$68M$39.3M$37.8M
Proceeds from Notes Payable$12.5M$0$0$0$0—
Net cash from financing activities$59.1M-$29.7M—-$28.9M-$13.2M$8M
Borrowings Under Acquisition Credit Facilities$85.5M$16M$40.9M$49.2M$36M$55.8M
Repayments of Acquisition Credit Facilities$84.5M$33M$7.7M$68M$39.3M$37.8M
Proceeds from issuance of common stock$18.8M$1M———$0
Proceeds from Secured Lines of Credit$85.5M$16M$40.9M$49.2M$36M$55.8M
Repayments of lines of credit$84.5M$33M$7.7M$68M$39.3M$37.8M
Payments of Stock Issuance Costs$463.9K$82.1K$0$68.7K$10K$29.7K

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$4.3M$9.8M$85K$316$1.3M$10.1M
Interest paid$866.7K$1.7M$3M$1.7M$486K$3M
Capital expenditures incurred but not yet paid$4.3M$9.8M$85K$316$1.3M$10.1M
Capital Expenditures Incurred but Not Yet Paid$4.3M$9.8M$85K$316$1.3M$10.1M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in related party payables—-$456.9K—$1.2M—-$761K
Amortization of debt issuance costs$0$110.3K$110.1K$101.7K$84.5K$83.5K
Amortization of Investment Discount and Premium$385.4K$370K$480.1K$862.9K$474.6K$737.5K
Accretion (amortization) of discounts and premiums on investments$385.4K$370K$480.1K$862.9K$474.6K$737.5K
Change in accounts payable$284.3K$40.8K-$969.8K-$283.4K—$187.1K
Change in accrued investment income$969.5K$62.1K$1.8M$1.2M—$897.5K
Change in accrued liabilities—-$1.1M$197.4K-$497.9K$1.7M-$1.4M
Change in receivables-$243.3K$116.9K—$90.9K$317.1K$1.9M
Deferred income taxes$0$0$0$0—$0
Net gains (losses) on investments-$165K$41.3K$41.3K$41.3K$41.3K-$206K
Accretion (Amortization) of Investment Discounts and Premiums$385.4K$370K$480.1K$862.9K$474.6K$737.5K
Loss on extinguishment of debt—$66K————
Interest Income (Operating)—$15.1M$16.5M$15.3M—$15.2M
Net cash from operating activities$1.8M$7.6M$6.5M$8.2M$6.5M$3.2M
Net income$7.9M$10M$8.9M$8.9M$8.2M$4.8M
Accretion (Amortization) of Discounts and Premiums, Investments$385.4K$370K$480.1K$862.9K$474.6K$737.5K
Stock-based compensation—$600K$900K$1M—$900K
Non-cash interest expense$0$110.3K$110.1K$101.7K$84.5K$83.5K
Increase Decrease In Accounts Receivable Related Parties$1.9M-$2.1M-$349.4K-$852.8K—-$1.1M
Increase (Decrease) in Accrued Interest Receivable, Net$969.5K$62.1K$1.8M$1.2M—$897.5K
Other current liabilities—-$1.1M$197.4K-$497.9K$1.7M-$1.4M
Increase (Decrease) in Other Receivables-$243.3K$116.9K—$90.9K$317.1K$1.9M
Paid-in-kind interest income$1.5M$1.6M$1.5M$1.3M$1.8M$1.3M
Total provisions for credit losses—-$1.1M$1.1M$557.2K$99.8K$3.8M
Allowance for credit losses—-$1.1M$1.1M$569.6K—$3.6M
Gain (loss) on mark-to-market of Escrowed Shares-$1.8M-$2.4M—-$1.8M—-$5.4M
Provision for credit losses—-$1.1M$1.1M$557.2K$99.8K$3.8M
Accretion (Amortization) of Investment Discounts and Premiums$385.4K$370K$480.1K$862.9K$474.6K$737.5K
Stock-based compensation$845.5K$649.3K$881.1K$928.7K$909.8K$865.4K
Unrealized Gain (Loss) on Derivatives-$1.8M-$2.4M—-$1.8M—-$5.4M
Change in Interest Payable$149.4K$214.5K———-$1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Change in Cash Excluding Exchange Rate Effect$19.6M-$16.5M$25.7M-$6.6M-$14M$12.9M
Net Change in Cash Excluding FX Effect$19.6M-$16.5M$25.7M-$6.6M-$14M$12.9M
Net increase (decrease) in cash$19.6M-$16.5M$25.7M-$6.6M-$14M$12.9M
Net Change in Cash Excluding Exchange Rate Effect$19.6M-$16.5M$25.7M-$6.6M-$14M$12.9M
Amortization Of Deferred Financing Costs—$110.3K$110.1K$101.7K—$83.5K
Common Stock, Dividends, Per Share, Declared—$0.47$0.47$0.47—$0.47
Earnings per common share - basic (in dollars per share)$0.39$0.48$0.42$0.42$0.38$0.23
Earnings per common share - diluted (in dollars per share)$0.39$0.47$0.41$0.42$0.38$0.23
General and administrative costs—$1.2M$1.3M$1.3M—$1.2M
Incentive Fee Expense—$526.3K$842K$284.1K—$518.5K
Income before provision for income taxes$7.9M$10M$8.9M$8.9M$8.2M$4.8M
Increase Decrease In Interest Reserves-$5.5M-$771.1K-$305.9K-$206.3K-$1.9K-$2.7K
Interest expense—$2.1M$2.1M$1.6M—$2M
Interest Received Through Net Settlement Transactions—$341.3K$341.3K$341.3K$341.3K—
Interest Reserve Withheld From Funding Of Loans$30.6K$20.7K$1.8K$0$154.3K$1.1K
Interest expense, net—-$2.1M-$2.1M-$1.6M—-$2M
Number of Operating Segments—1.00———1.00
OID Withheld From Funding Of Loans Held For Investment$1M$181.8K$866.5K$317.5K$696.8K$3M
Professional services—$492.9K$480.1K$530.9K—$503.5K
Transfer from trading securities to investment securities$1.5M$0$0$0$0—
Unrealized Gain (Loss) on Investments-$165K$41.3K$41.3K$41.3K$41.3K-$206K
Diluted (in shares)182.2K21.3M21.5M21.5M18.2K21.5M
Weighted average common shares outstanding, basic (in shares)185K20.9M21M21.1M24.2K21.1M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments for Advance to Affiliate$1.2M$5.3M———$3.2M
Issuance Of And Fundings Of Loans Held For Investment$80M$3.7M$6.7M$48.7M$17M$49.8M
Net cash from investing activities-$41.3M$5.5M—$14.1M—$1.7M
Proceeds from Principal Repayments on Loans and Leases$38.3M$9.2M$3.1M$57.2M$9.7M$51.6M