Chicago Atlantic BDC, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
LIEN$9.07-0.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations
| For the Three Months Ended · For the Nine Months Ended | |||||
|---|---|---|---|---|---|
| September 30, 2025 · September 30, 2024 · September 30, 2025 · September 30, 2024 | |||||
| INVESTMENT INCOME | |||||
| Non-control/non-affiliate investment income | |||||
| Interest income | $13,826,674 | $2,686,771 | $37,012,196 | $8,203,601 | |
| Fee income | 1,243,929 | 489,176 | 3,061,447 | 813,926 | |
| Total investment income | 15,070,603 | 3,175,947 | 40,073,643 | 9,017,527 | |
| EXPENSES | |||||
| Income-based incentive fees | 2,347,473 | - | 6,232,387 | 328,503 | |
| Management fee | 1,399,845 | 253,421 | 4,006,051 | 745,876 | |
| General and administrative expense | 1,082,419 | - | 3,423,679 | - | |
| Interest expense | 338,515 | - | 785,156 | - | |
| Professional fees | 199,939 | 120,762 | 691,525 | 240,898 | |
| Legal expenses | 103,733 | 60,200 | 667,798 | 200,073 | |
| Audit expense | 153,750 | 95,675 | 497,502 | 299,225 | |
| Other expenses | 157,903 | 107,485 | 472,042 | 306,643 | |
| Sub-administrator fees | 154,939 | 98,489 | 441,529 | 298,132 | |
| Capital gains incentive fees | (131,412) | (35,904) | 45,707 | 37,465 | |
| Excise tax expense | 2,797 | 31,314 | 2,797 | 31,314 | |
| Transaction expenses related to the Loan Portfolio Acquisition | - | 2,429,993 | - | 5,069,062 | |
| Total expenses | 5,809,901 | 3,161,435 | 17,266,173 | 7,557,191 | |
| Waiver of General and administrative expense (Note 6) | - | - | (658,477) | - | |
| Expense limitation agreement (Note 6) | (230,419) | - | (1,338,202) | - | |
| Net expenses | 5,579,482 | 3,161,435 | 15,269,494 | 7,557,191 | |
| NET INVESTMENT INCOME (LOSS) | 9,491,121 | 14,512 | 24,804,149 | 1,460,336 | |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | |||||
| Non-controlled non-affiliate investments | - | - | - | - | |
| Net realized gain (loss) from investments | - | - | - | - | |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | |||||
| Non-controlled non-affiliate investments | (657,060) | (179,524) | 228,534 | 187,324 | |
| Net change in unrealized appreciation (depreciation) on investments | (657,060) | (179,524) | 228,534 | 187,324 | |
| Net realized and unrealized gains (losses) | (657,060) | (179,524) | 228,534 | 187,324 | |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $8,834,061 | $(165,012) | $25,032,683 | $1,647,660 | |
| NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC AND DILUTED | $0.42 | $0.00 | (1) | $1.09 | $0.23 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC AND DILUTED | $0.39 | $(0.03) | $1.10 | $0.27 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED | 22,820,568 | 6,214,965 | 22,820,454 | 6,214,952 | |
(1) Represents less than $0.0005 per share
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