LIEN

Chicago Atlantic BDC, Inc.

NasdaqGMUSDEQUITY DELAYED

10.01

▲ 0.23 (2.35%)

MARKET · —

Price

Open

9.78

Prev close

9.78

Day high

10.13

Day low

9.77

Volume

68.19K

Market cap

—

P/E (TTM)

—

52W range

8.92 – 11.44

Options chain

Account required

ExpirySpot 10.01

Calls

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Puts

Strike	Last	Bid	Ask	Vol	OI	IV
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%
000.00	0.00	0.00	0.00	0	0	0.0%

Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

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Trailing performance

Price return · vs SPY

Returnvs SPY

+5.15% +6.5%

+6.38% +2.6%

+1.93% -1.2%

+0.50% -10.6%

YTD

-3.10% -15.4%

-7.91% -27.9%

+4.49% -69.7%

— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Fundamentals

TTM · reported

Market cap—

Enterprise value—

Revenue (TTM)—

Gross profit—

EBITDA—

Net income—

EPS (TTM)—

Free cash flow—

Total cash—

Total debt—

Book value / share—

Shares outstanding—

Float—

Short % of float—

Dividend yield—

Beta (5Y)—

Valuation & profitability ratios

Account required

Trailing P/E—

Forward P/E—

PEG ratio—

Price / sales—

Price / book—

EV / revenue—

EV / EBITDA—

Gross margin—

Operating margin—

Profit margin—

Return on equity—

Return on assets—

Debt / equity—

Current ratio—

Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

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Financial statements

As reported · 4 years · 5 quarters

Blank means not reported, not zero

Line item	2025	2024	2023	2022	YoY
Total revenue	$40.53M	$17.97M	$10.03M	$10.07K	+125.5%
Operating revenue	$40.53M	$17.97M	$10.03M	$10.07K	+125.5%
Selling, general & admin	$8.11M	$8.23M	$2.68M	$245.44K	-1.5%
Total operating expense	$7.25M	$8.35M	$2.69M	$245.44K	-13.2%
Pre-tax income	$33.28M	$9.62M	$7.34M	-$563.37K	+245.8%
Net income	$33.28M	$9.62M	$7.34M	-$563.37K	+245.8%
Net income to common	$33.28M	$9.62M	$7.34M	-$563.37K	+245.8%
Basic EPS	1.46	0.93	1.18	-0.64	+57.0%
Diluted EPS	1.46	0.93	1.18	-0.64	+57.0%
Basic shares	22.82M	10.34M	6.21M	877.41K	+120.6%
Diluted shares	22.82M	10.34M	6.21M	877.41K	+120.6%

Line item

2025

2024

2023

2022

YoY

Total revenue

$40.53M

$17.97M

$10.03M

$10.07K

+125.5%

Operating revenue

$40.53M

$17.97M

$10.03M

$10.07K

+125.5%

Selling, general & admin

$8.11M

$8.23M

$2.68M

$245.44K

-1.5%

Total operating expense

$7.25M

$8.35M

$2.69M

$245.44K

-13.2%

Pre-tax income

$33.28M

$9.62M

$7.34M

-$563.37K

+245.8%

Net income

$33.28M

$9.62M

$7.34M

-$563.37K

+245.8%

Net income to common

$33.28M

$9.62M

$7.34M

-$563.37K

+245.8%

Basic EPS

1.46

0.93

1.18

-0.64

+57.0%

Diluted EPS

1.46

0.93

1.18

-0.64

+57.0%

Basic shares

22.82M

10.34M

6.21M

877.41K

+120.6%

Diluted shares

22.82M

10.34M

6.21M

877.41K

+120.6%

Line item	2025	2024	2023	2022	YoY
Cash & equivalents	$2.93M	$23.93M	$32.61M	$84.77M	-87.7%
Total assets	$342.00M	$309.56M	$88.58M	$85.03M	+10.5%
Total debt	$25.00M	—	—	—	—
Total liabilities	$38.59M	$8.40M	$3.02M	$479.70K	+359.5%
Retained earnings	$25.65K	-$2.34M	$449.27K	-$427.85K	+101.1%
Shareholder equity	$303.41M	$301.16M	$85.55M	$84.55M	+0.7%
Net tangible assets	$303.41M	$301.16M	$85.55M	$84.55M	+0.7%
Shares issued	22.82M	22.82M	6.21M	6.21M	+0.0%

Line item

2025

2024

2023

2022

YoY

Cash & equivalents

$2.93M

$23.93M

$32.61M

$84.77M

-87.7%

Total assets

$342.00M

$309.56M

$88.58M

$85.03M

+10.5%

Total debt

$25.00M

—

Total liabilities

$38.59M

$8.40M

$3.02M

$479.70K

+359.5%

Retained earnings

$25.65K

-$2.34M

$449.27K

-$427.85K

+101.1%

Shareholder equity

$303.41M

$301.16M

$85.55M

$84.55M

+0.7%

Net tangible assets

$303.41M

$301.16M

$85.55M

$84.55M

+0.7%

Shares issued

22.82M

6.21M

+0.0%

Line item	2025	2024	2023	2022	YoY
Net income	$33.28M	$9.62M	$7.34M	-$563.37K	+245.8%
Change in working capital	$3.68M	-$4.11M	$2.27M	$54.26K	+189.7%
Operating cash flow	-$20.48M	-$5.03M	$5.75M	-$509.11K	-306.7%
Dividends paid	-$23.27M	-$12.42M	-$8.26M	—	-87.4%
Financing cash flow	-$519.92K	-$3.64M	-$8.26M	$85.28M	+85.7%
Free cash flow	-$20.48M	-$5.03M	$5.75M	-$509.11K	-306.7%
End cash position	$2.93M	$23.93M	$32.61M	$84.77M	-87.7%

Line item

2025

2024

2023

2022

YoY

Net income

$33.28M

$9.62M

$7.34M

-$563.37K

+245.8%

Change in working capital

$3.68M

-$4.11M

$2.27M

$54.26K

+189.7%

Operating cash flow

-$20.48M

-$5.03M

$5.75M

-$509.11K

-306.7%

Dividends paid

-$23.27M

-$12.42M

-$8.26M

—

-87.4%

Financing cash flow

-$519.92K

-$3.64M

-$8.26M

$85.28M

+85.7%

Free cash flow

-$20.48M

-$5.03M

$5.75M

-$509.11K

-306.7%

End cash position

$2.93M

$23.93M

$32.61M

$84.77M

-87.7%

Line item	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	YoY
Total revenue	$10.67M	$10.55M	$10.76M	$10.20M	$8.72M	+1.2%
Operating revenue	$10.67M	$10.55M	$10.76M	$10.20M	$8.72M	+1.2%
Selling, general & admin	$1.89M	$1.91M	$1.85M	$2.41M	$1.93M	-1.1%
Total operating expense	$2.13M	$2.30M	$1.93M	$1.62M	$1.10M	-7.2%
Pre-tax income	$8.54M	$8.25M	$8.83M	$8.58M	$7.61M	+3.5%
Net income	$8.54M	$8.25M	$8.83M	$8.58M	$7.61M	+3.5%
Net income to common	$8.54M	$8.25M	$8.83M	$8.58M	$7.61M	+3.5%
Basic EPS	0.37	0.36	0.39	0.38	0.33	+2.8%
Diluted EPS	0.37	0.36	0.39	0.38	0.33	+2.8%
Basic shares	22.82M	22.82M	22.82M	22.82M	22.82M	0.0%
Diluted shares	22.82M	22.82M	22.82M	22.82M	22.82M	0.0%

Line item

2026-03-31

2025-12-31

2025-09-30

2025-06-30

2025-03-31

YoY

Total revenue

$10.67M

$10.55M

$10.76M

$10.20M

$8.72M

+1.2%

Operating revenue

$10.67M

$10.55M

$10.76M

$10.20M

$8.72M

+1.2%

Selling, general & admin

$1.89M

$1.91M

$1.85M

$2.41M

$1.93M

-1.1%

Total operating expense

$2.13M

$2.30M

$1.93M

$1.62M

$1.10M

-7.2%

Pre-tax income

$8.54M

$8.25M

$8.83M

$8.58M

$7.61M

+3.5%

Net income

$8.54M

$8.25M

$8.83M

$8.58M

$7.61M

+3.5%

Net income to common

$8.54M

$8.25M

$8.83M

$8.58M

$7.61M

+3.5%

Basic EPS

0.37

0.36

0.39

0.38

0.33

+2.8%

Diluted EPS

0.37

0.36

0.39

0.38

0.33

+2.8%

Basic shares

22.82M

0.0%

Diluted shares

22.82M

0.0%

Line item	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	YoY
Cash & equivalents	$3.35M	$2.93M	$10.46M	$13.83M	$14.92M	+14.0%
Total assets	$373.13M	$342.00M	$327.25M	$331.75M	$313.70M	+9.1%
Total debt	$54.50M	$25.00M	$11.00M	$5.00M	—	+118.0%
Total liabilities	$68.95M	$38.59M	$24.33M	$29.91M	$12.68M	+78.7%
Retained earnings	$877.17K	$25.65K	-$461.85K	-$1.54M	-$2.36M	+3,319.8%
Shareholder equity	$304.18M	$303.41M	$302.92M	$301.84M	$301.02M	+0.3%
Net tangible assets	$304.18M	$303.41M	$302.92M	$301.84M	$301.02M	+0.3%
Shares issued	22.82M	22.82M	22.82M	22.82M	22.82M	0.0%

Line item

2026-03-31

2025-12-31

2025-09-30

2025-06-30

2025-03-31

YoY

Cash & equivalents

$3.35M

$2.93M

$10.46M

$13.83M

$14.92M

+14.0%

Total assets

$373.13M

$342.00M

$327.25M

$331.75M

$313.70M

+9.1%

Total debt

$54.50M

$25.00M

$11.00M

$5.00M

—

+118.0%

Total liabilities

$68.95M

$38.59M

$24.33M

$29.91M

$12.68M

+78.7%

Retained earnings

$877.17K

$25.65K

-$461.85K

-$1.54M

-$2.36M

+3,319.8%

Shareholder equity

$304.18M

$303.41M

$302.92M

$301.84M

$301.02M

+0.3%

Net tangible assets

$304.18M

$303.41M

$302.92M

$301.84M

$301.02M

+0.3%

Shares issued

22.82M

0.0%

Line item	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	YoY
Net income	$8.54M	$8.25M	$8.83M	$8.58M	$7.61M	+3.5%
Change in working capital	$1.12M	-$299.05K	-$6.51M	$11.50M	-$1.00M	+473.0%
Operating cash flow	-$20.83M	-$13.77M	-$1.39M	$1.95M	-$7.26M	-51.3%
Dividends paid	-$7.76M	-$7.76M	-$7.76M	-$7.76M	$0	-0.0%
Financing cash flow	$21.24M	$6.24M	-$1.97M	-$3.04M	-$1.75M	+240.3%
Free cash flow	-$20.83M	-$13.77M	-$1.39M	$1.95M	-$7.26M	-51.3%
End cash position	$3.35M	$2.93M	$10.46M	$13.83M	$14.92M	+14.0%

Line item

2026-03-31

2025-12-31

2025-09-30

2025-06-30

2025-03-31

YoY

Net income

$8.54M

$8.25M

$8.83M

$8.58M

$7.61M

+3.5%

Change in working capital

$1.12M

-$299.05K

-$6.51M

$11.50M

-$1.00M

+473.0%

Operating cash flow

-$20.83M

-$13.77M

-$1.39M

$1.95M

-$7.26M

-51.3%

Dividends paid

-$7.76M

-0.0%

Financing cash flow

$21.24M

$6.24M

-$1.97M

-$3.04M

-$1.75M

+240.3%

Free cash flow

-$20.83M

-$13.77M

-$1.39M

$1.95M

-$7.26M

-51.3%

End cash position

$3.35M

$2.93M

$10.46M

$13.83M

$14.92M

+14.0%

Analyst targets & ownership

Account required

Mean target—

High target—

Low target—

Implied upside—

Analyst count—

Consensus—

Strong buy / Buy— / —

Hold—

Sell / Strong sell— / —

Held by insiders—

Held by institutions—

Institutions holding—

Free account required

Price targets, consensus spread, insider and institutional ownership.

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Moving averages & technicals

Computed from 2Y daily closes

SMA 10

9.65

+3.76% from price

SMA 20

9.50

+5.34% from price

SMA 50

9.74

+2.79% from price

SMA 100

9.64

+3.85% from price

SMA 200

9.99

+0.20% from price

EMA 12

9.63

+3.90% from price

EMA 26

9.61

+4.17% from price

EMA 50

9.65

+3.71% from price

RSI (14)

63.0

Neutral

MACD (12,26,9)

0.02

Hist 0.06

ATR (14)

0.27

2.74% of price

Realised vol 30D

19.2%

Annualised

Bollinger upper

9.89

20, 2σ

Bollinger lower

9.12

20, 2σ

50 / 200 cross

Death

9.74 vs 9.99

Trend bias

Above 200

+0.20%

Risk profile

Daily returns · 1Y window

Beta vs SPY

0.13

Less volatile than market

Correlation to SPY

0.07

Largely independent

Realised vol 30D

19.2%

Annualised

Market vol 1Y

12.9%

SPY, annualised

Max drawdown 1Y

-19.7%

Peak to trough

Max drawdown 5Y

-46.9%

Peak to trough

ATR 14

0.27

2.74% of price

Beta (reported)

—

5Y monthly, from filing

Headlines

LIEN · links out to the publisher

Chicago Atlantic BDC Inc (LIEN) (Q2 2026) Earnings Call Highlights: Record Credit Quality and ... GuruFocus.com · 9d ago Chicago Atlantic BDC Q2 Earnings Call Highlights MarketBeat · 9d ago Chicago Atlantic BDC, Inc. (LIEN) Lags Q2 Earnings and Revenue Estimates Zacks · 9d ago Chicago Atlantic BDC, Inc. Declares $0.34 Cash Dividend for Third Quarter 2026 GlobeNewswire · 10d ago Chicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial Results GlobeNewswire · 10d ago Chicago Atlantic Real Estate Finance, Inc. Q2 2026 Earnings Call Summary Moby · 10d ago Chicago Atlantic Real Estate Finance Inc (REFI) (Q2 2026) Earnings Call Highlights: Strategic ... GuruFocus.com · 11d ago Chicago Atlantic Real Estate Finance Q2 Earnings Call Highlights MarketBeat · 11d ago

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