Chicago Atlantic Real Estate Finance, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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, 2026 · Filed Nov 10, 2026
REFI$9.26+4.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
| THREE MONTHS ENDED SEPTEMBER 30, 2026 | ||||||
|---|---|---|---|---|---|---|
| Additional · Notes receivable · Total | ||||||
| Common Stock · Paid-In- · From · Accumulated · Stockholders' | ||||||
| Shares | Amount | Capital | Stockholders | Deficit | Equity | |
| Balance at June 30, 2026 | 21,314,392 | 213,144 | 324,946,445 | - | (23,511,551) | 301,648,038 |
| Issuance of common stock from employee incentive plan (Note 10) | 673 | 6 | (6) | - | - | - |
| Issuance of common stock in exchange for Notes (Note 10) | 4,306,754 | 43,069 | 62,550,863 | - | - | 62,593,932 |
| Notes receivable from stockholder received in exchange for common stock | - | - | - | (62,593,932) | - | (62,593,932) |
| Cash interest and exit fees on Koach notes credited to notes receivable from stockholders | - | - | - | 2,312,932 | - | 2,312,932 |
| Paid-in-kind interest capitalized | - | - | 288,361 | (288,361) | - | - |
| Principal repayments received | - | - | - | 3,792,830 | - | 3,792,830 |
| Stock-based compensation, net of forfeitures | - | - | 693,902 | - | - | 693,902 |
| Dividends declared on restricted stock awards | - | - | - | - | (187,442) | (187,442) |
| Dividends declared on common shares ($.47 per share) | - | - | - | - | (12,042,255) | (12,042,255) |
| Net income | - | - | - | - | 6,434,023 | 6,434,023 |
| Balance at September 30, 2026 | 25,621,819 | $256,219 | $388,479,565 | $(56,776,531) | $(29,307,225) | $302,652,028 |
| THREE MONTHS ENDED SEPTEMBER 30, 2025 | |||||
|---|---|---|---|---|---|
| Additional · Total | |||||
| Common Stock · Paid-In- · Accumulated · Stockholders' | |||||
| Shares | Amount | Capital | Deficit | Equity | |
| Balance at June 30, 2025 | 21,074,625 | $210,746 | $321,366,160 | $(11,548,516) | $310,028,390 |
| Issuance of common stock, net of offering costs | - | - | (68,670) | - | (68,670) |
| Issuance of common stock from employee incentive plan (Note 10) | 673 | 7 | (7) | - | - |
| Stock-based compensation, net of forfeitures | - | - | 928,654 | - | 928,654 |
| Dividends declared on restricted stock awards | - | - | - | (2,844) | (2,844) |
| Dividends declared on common shares ($.47 per share) | - | - | - | (9,905,390) | (9,905,390) |
| Net income | - | - | - | 8,934,539 | 8,934,539 |
| Balance at September 30, 2025 | 21,075,298 | 210,753 | 322,226,137 | (12,522,211) | 309,914,679 |
| NINE MONTHS ENDED SEPTEMBER 30, 2026 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional · Notes receivable · Total | |||||||||
| Common Stock · Paid-In- · From · Accumulated · Stockholders' | |||||||||
| Shares · Amount · Capital · Stockholders · Deficit · Equity | |||||||||
| Balance at December 31, 2025 | 21,080,272 | 210,803 | 323,125,854 | $ | - | (15,522,181) | 307,814,476 | ||
| Issuance of common stock from employee incentive plan (Note 10) | 234,793 | 2,347 | (2,347) | - | - | ||||
| Issuance of common stock in exchange for Notes (Note 10) | 4,306,754 | 43,069 | 62,550,863 | - | - | 62,593,932 | |||
| Notes receivable from stockholder received in exchange for common stock | - | - | - | (62,593,932) | - | (62,593,932) | |||
| Cash interest and exit fees on Koach notes credited to notes receivable from stockholders | - | - | - | 2,312,932 | - | 2,312,932 | |||
| Paid-in-kind interest capitalized | - | - | 288,361 | (288,361) | - | ||||
| Principal repayments received | - | - | - | 3,792,830 | - | 3,792,830 | |||
| Stock-based compensation, net of forfeitures | - | - | 2,516,834 | - | - | 2,516,834 | |||
| Dividends declared on restricted stock awards | - | - | - | - | (565,011) | (565,011) | |||
| Dividends declared on common shares ($1.41 per share) | - | - | - | - | (31,967,747) | (31,967,747) | |||
| Net income | - | - | - | - | 18,747,714 | 18,747,714 | |||
| Balance at September 30, 2026 | 25,621,819 | $256,219 | $388,479,565 | $(56,776,531) | $(29,307,225) | $302,652,028 | |||
| NINE MONTHS ENDED SEPTEMBER 30, 2025 | |||||
|---|---|---|---|---|---|
| Additional · Total | |||||
| Common Stock · Paid-In- · Accumulated · Stockholders' | |||||
| Shares | Amount | Capital | Deficit | Equity | |
| Balance at December 31, 2024 | 20,829,228 | 208,292 | 318,886,768 | (10,136,963) | 308,958,097 |
| Issuance of common stock, net of offering costs | 64,557 | 646 | 882,090 | - | 882,736 |
| Issuance of common stock from employee incentive plan (Note 10) | 181,513 | 1,815 | (1,815) | - | - |
| Stock-based compensation, net of forfeitures | - | - | 2,459,094 | - | 2,459,094 |
| Dividends declared on restricted stock awards | - | - | - | (607,933) | (607,933) |
| Dividends declared on common shares ($1.41 per share) | - | - | - | (29,630,543) | (29,630,543) |
| Net income | - | - | - | 27,853,228 | 27,853,228 |
| Balance at September 30, 2025 | 21,075,298 | $210,753 | $322,226,137 | (12,522,211) | $309,914,679 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.