Zacks Investment Research·Jul 1, 2026
Best Income Stocks to Buy for July 1stCZFS, LIEN and BCAL made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 1, 2026.
Chicago Atlantic BDC, Inc.(LIEN)Earnings, Financials & Key Ratios
LIEN•NASDAQ
$9.76
6.7× P/E·Price updated Jul 7, 2026
AboutSilver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.Show more
- EBITDA$35M+258.8%
- Net Income$33M+245.8%
- EPS (Diluted)1.46+57.0%
- Gross Margin77.26%-22.7%
- EBITDA Margin63.59%+18.8%
- Operating Margin63.59%+18.8%
- Net Margin61.29%+14.5%
- ROE11.01%+121.2%
LIEN Price & Volume
Chicago Atlantic BDC, Inc. (LIEN) stock price & volume — 10-year historical chart
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Rapid Asset Deployment Drives High Yield Potential
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory dependency on cannabis
Key Thesis Takeaways
- Chicago Atlantic BDC has successfully scaled its investment portfolio from $88.6M in 2023Q4 to $373.1M in 2026Q1, capitalizing on high-yield opportunities within the specialized cannabis credit market.
- While the firm has achieved positive retained earnings of $877.2K, the reliance on Level 3 asset valuations and the disconnect between net income and operating cash flow suggest significant execution risks.
- Investors should monitor the sustainability of the 10.2% dividend yield, which currently faces pressure from erratic free cash flow generation and potential regulatory shifts in the cannabis sector.
Verdict Logic
while the company trades at a forward P/E of 6.07, the negative free cash flow of $20.8M in 2026Q1 and the reliance on non-observable Level 3 asset valuations warrant a cautious approach.
LIEN Growth Metrics
Chicago Atlantic BDC, Inc. (LIEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years137.63%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years169.08%
TTM104.58%
EPS CAGR
10 Years-
5 Years-
3 Years67.62%
TTM-20.36%
Return on Capital
10 Years5.06%
5 Years5.06%
3 Years8.08%
Last Year10.83%
LIEN Recent Earnings
Chicago Atlantic BDC, Inc. (LIEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 4/12 qtrs (40%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.44+22.2%
$0.36
Rev
$17M+16.7%
$14M
Q2 2026
Mar 19, 2026Metric
Actual
Est
EPS
$0.36+0.0%
$0.36
Rev
$14M-4.2%
$15M
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.42+20.0%
$0.35
Rev
$11M-19.5%
$13M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.34-5.6%
$0.36
Rev
$11M-22.0%
$13M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.44vs $0.36+22.2% | $17Mvs $14M+16.7% |
| Q2 2026 | Mar 19, 2026 | $0.36vs $0.36+0.0% | $14Mvs $15M-4.2% |
| Q4 2025 | Nov 13, 2025 | $0.42vs $0.35+20.0% | $11Mvs $13M-19.5% |
| Q3 2025 | Aug 14, 2025 | $0.34vs $0.36-5.6% | $11Mvs $13M-22.0% |
Based on last 12 quarters of dataView full earnings history →
Latest LIEN News
Recent stock market news and headlines for Chicago Atlantic BDC, Inc. (LIEN)
GuruFocus·Jun 22, 2026
LIEN Stock Alert: Halper Sadeh LLC is Investigating Whether Chicago Atlantic BDC, Inc. is Obtaining a Fair Price for its ShareholdersHalper Sadeh LLC, an investor rights law firm, is investigating the merger of Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) and Chicago Atlantic Real Estate Finance
Business Wire·Jun 22, 2026
LIEN Stock Alert: Halper Sadeh LLC is Investigating Whether Chicago Atlantic BDC, Inc. is Obtaining a Fair Price for its ShareholdersNEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) and Chicago Atlantic Real Estate Finance, Inc.Halper Sadeh encourages LIEN shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected] investigation concerns whether LIEN and its board of directors violated the.
Seeking Alpha·Jun 18, 2026
Chicago Atlantic BDC, Inc. (LIEN) M&A Call TranscriptChicago Atlantic BDC, Inc. (LIEN) M&A Call Transcript
Peers Comparison
Key metrics vs top competitors for Chicago Atlantic BDC, Inc. (LIEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.76 | $222.73M | 6.68 | 202.16% | 61.29% | 11.01% | 10.45% | |
| $10.73 | $227.55M | 6.39 | 15.18% | 51.77% | 0.04% | — | |
| $4.75 | $192.85M | 3.89 | 36.55% | -19.55% | -3.39% | — | |
| $8.30 | $112.2M | 8.74 | 148.14% | 41.96% | 7.25% | — | |
| $23.51 | $1.46B | 12.37 | 50.13% | 50.89% | 11.68% | — | |
| $19.45 | $738.21M | 8.38 | 40.09% | 62% | 11.45% | — |
Compare LIEN vs Peers
Chicago Atlantic BDC, Inc. (LIEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LIEN SEC Filings & Documents
Chicago Atlantic BDC, Inc. (LIEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 14, 2026·SEC
Material company update
Apr 14, 2026·SEC
Material company update
Mar 19, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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LIEN Frequently Asked Questions
Chicago Atlantic BDC, Inc. (LIEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Chicago Atlantic BDC, Inc.'s revenue?
Chicago Atlantic BDC, Inc. (LIEN) reported $48.7M in revenue for fiscal year 2025.
How fast is Chicago Atlantic BDC, Inc. growing?
Chicago Atlantic BDC, Inc. (LIEN) grew revenue by 202.2% over the past year. This is strong growth.
Is LIEN profitable?
Yes, Chicago Atlantic BDC, Inc. (LIEN) is profitable, generating $34.2M in net income for fiscal year 2025 (61.3% net margin).
Dividend & Returns
Does LIEN pay dividends?
Yes, Chicago Atlantic BDC, Inc. (LIEN) pays a dividend with a yield of 10.45%. This makes it attractive for income-focused investors.
What is LIEN's return on equity?
Chicago Atlantic BDC, Inc. (LIEN) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.
What is Chicago Atlantic BDC, Inc.'s free cash flow?
Chicago Atlantic BDC, Inc. (LIEN) had negative free cash flow of $13.8M in fiscal year 2025, likely due to heavy capital investments.