Chicago Atlantic BDC, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
LIEN$9.10+0.3%Stored close · as of Nov 9, 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 Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| INVESTMENT INCOME | |||
| Non-control/non-affiliate investment income | |||
| Interest income | $49,268,175 | $19,905,843 | $11,736,649 |
| Fee income | 5,033,987 | 1,759,910 | 196,251 |
| Total investment income | 54,302,162 | 21,665,753 | 11,932,900 |
| EXPENSES | |||
| Income-based incentive fees | 8,305,705 | 2,327,448 | 1,511,253 |
| Management fee | 5,452,521 | 1,504,239 | 1,013,764 |
| General and administrative expenses | 4,634,672 | 700,000 | - |
| Interest expense | 1,249,657 | - | - |
| Professional fees | 886,505 | 527,358 | 435,090 |
| Legal expenses | 719,097 | 282,156 | 343,824 |
| Audit expense | 651,252 | 497,200 | 499,698 |
| Other expenses | 626,891 | 430,254 | 355,672 |
| Sub-administrator fees | 587,300 | 449,974 | 335,253 |
| Excise tax expense | 72,406 | 120,024 | 10,655 |
| Capital gains incentive fees | 41,586 | 34,304 | 87,583 |
| Transaction expenses related to the Loan Portfolio Acquisition | - | 5,341,779 | 711,264 |
| Total expenses | 23,227,592 | 12,214,736 | 5,304,056 |
| Waiver of general and administrative expenses (Note 6) | (658,477) | - | - |
| Expense limitation agreement (Note 6) | (1,338,202) | - | - |
| Net expenses | 21,230,913 | 12,214,736 | 5,304,056 |
| NET INVESTMENT INCOME (LOSS) | 33,071,249 | 9,451,017 | 6,628,844 |
| NET REALIZED GAIN (LOSS) FROM INVESTMENTS | |||
| Non-controlled non-affiliate investments | - | (74,483) | (210,767) |
| Net realized gain (loss) from investments | - | (74,483) | (210,767) |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | |||
| Non-controlled non-affiliate investments | 207,930 | 246,004 | 922,031 |
| Net change in unrealized appreciation (depreciation) on investments | 207,930 | 246,004 | 922,031 |
| Net realized and unrealized gains (losses) | 207,930 | 171,521 | 711,264 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $33,279,179 | $9,622,538 | $7,340,108 |
| NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC AND DILUTED | $1.45 | $0.91 | $1.07 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC AND DILUTED | $1.46 | $0.93 | $1.18 |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED | 22,820,489 | 10,343,621 | 6,214,682 |
Statements of Changes in Net Assets
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.