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 Income
| For the three months ended September 30, | For the nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | ||||
| Interest income | $15,458,739 | $15,250,866 | $45,842,450 | $46,860,217 |
| Interest expense | (2,988,906) | (1,565,592) | (7,413,885) | (5,708,022) |
| Net interest income | 12,469,833 | 13,685,274 | 38,428,565 | 41,152,195 |
| Expenses | ||||
| Management and incentive fees, net | 1,549,623 | 1,435,071 | 4,873,446 | 5,103,561 |
| General and administrative expense | 1,578,189 | 1,298,910 | 4,258,697 | 3,766,140 |
| Professional fees | 639,784 | 530,880 | 1,638,417 | 1,503,939 |
| Stock based compensation | 693,902 | 928,654 | 2,516,834 | 2,459,094 |
| Provision (benefit) for current expected credit losses | 2,768,611 | 557,220 | 7,157,756 | 631,233 |
| Total expenses | 7,230,109 | 4,750,735 | 20,445,150 | 13,463,967 |
| Change in unrealized (loss)/gain on investment | 18,964 | - | (411,036) | 165,000 |
| Realized gain on investment | 232,037 | - | 232,037 | - |
| Gain on foreclosure, net | 943,298 | - | 943,298 | - |
| Net income before income taxes | 6,434,023 | 8,934,539 | 18,747,714 | 27,853,228 |
| Income tax expense | - | - | - | - |
| Net income | $6,434,023 | $8,934,539 | $18,747,714 | $27,853,228 |
| Earnings per common share: | ||||
| Basic earnings per common share | $0.25 | $0.42 | $0.83 | $1.33 |
| Diluted earnings per common share | $0.25 | $0.42 | $0.82 | $1.30 |
| Weighted average number of common shares outstanding: | ||||
| Basic weighted average shares of common stock outstanding | 25,246,865 | 21,074,771 | 22,538,494 | 20,979,467 |
| Diluted weighted average shares of common stock outstanding | 25,646,135 | 21,485,776 | 22,963,290 | 21,413,422 |
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