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$64M-4.5%

Other financials

Income statement

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

Balance sheet

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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

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Operating cash flow$9.1M+40.1%
CapEx$10.1M+2.8%
Free cash flow$9.1M+43.2%

Valuation

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Market cap$260.72M-10.1%
Enterprise value$296.83M-2.2%
P/E8.9×+1.2×
P/S4.2×-0.4×

Profitability

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Net margin47.7%-12.4pp
FCF margin25.4%

Returns & leverage

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

Where this comes from

Reported directly by Chicago Atlantic Real Estate Finance in its filing.

Tagged under the XBRL concept us-gaap:InterestIncomeOperatingPaidInKind.

The source filing: Chicago Atlantic Real Estate Finance’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-343398
Line itemFor the six months ended June 30, 2026For the six months ended June 30, 2025
Net income$12,313,690$18,918,686
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred loan origination fees and other discounts(1,284,494)(850,114)
Paid-in-kind interest(3,356,544)(3,116,093)
Provision (benefit) for current expected credit losses4,389,14574,014
Change in unrealized (loss)/gain on investment430,000(165,000)
Amortization of debt issuance costs167,415220,458
Stock based compensation1,822,9321,530,440

Item 1. Financial Statements

FAQ

What is Chicago Atlantic Real Estate Finance's PIK interest income?
Chicago Atlantic Real Estate Finance (REFI) reported PIK interest income of $2.08M in Q2 2026.
How has Chicago Atlantic Real Estate Finance's PIK interest income changed year-over-year?
Chicago Atlantic Real Estate Finance's PIK interest income increased by 36.8% year-over-year, from $1.52M to $2.08M.
What is the long-term trend for Chicago Atlantic Real Estate Finance's PIK interest income?
Over 2 years (2023 to 2025), Chicago Atlantic Real Estate Finance's PIK interest income has grown at a -19.3% compound annual growth rate (CAGR), from $9.46M to $6.16M.
What does PIK interest income mean?
PIK interest income as reported by Chicago Atlantic Real Estate Finance, Inc. Common Stock.

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