Chicago Atlantic Real Estate Finance, Inc. (REFI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 435.95B | 424.92M | 427.08M | 455.21M | 414.67M | 435.15M | 365.91M | 386.49M | 383.65M | 359.23M | 352.31M | 330.56M | 322.88M | 343.27M | 340.48M | 337.55M | 285.91M | 278.17M | 136.92M | 58.58M |
| Asset Growth % | 105032.64% | -2.35% | 16.72% | 17.78% | 8.08% | 21.14% | 3.86% | 16.92% | 18.82% | 4.65% | 3.47% | -2.07% | 12.93% | 23.4% | 148.66% | 476.24% | - | - | - | - |
| Real Estate & Other Assets | 403.12M | 2.06M | 581.82K | 203.38K | 254.23K | 305.07K | 261.22K | 301.04K | 325.42K | 366.59K | 516.26K | 662.94K | 0 | 0 | 665.64K | 804.19K | 795.75K | 868.02K | 528.44K | 67.67K |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 842.27K | 1000K | 877.61K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 35.33B | 18.96M | 33.44M | 455.01M | 414.41M | 434.84M | 365.65M | 386.19M | 383.33M | 358.02M | 348.32M | 329.02M | 4.64M | 5.72M | 339.82M | 336.75M | 285.11M | 277.3M | 136.4M | 58.51M |
| Cash & Equivalents | 14.95M | 14.95M | 28.92M | 35.56M | 9.88M | 26.4M | 6.76M | 7.07M | 6.9M | 7.9M | 8.7M | 18.02M | 4.64M | 5.72M | 9.33M | 6.62M | 6.08M | 80.25M | 8.74M | 1.48M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 0 | 4.39M | 3.02M | 4.98M | 8.31M | 2.34M | 5.94M | 1.45M | 5.94M | 1.58M | -6.07M | -1.2M | 906.13K | 1.13M | 389.9K | 203.88K | 530.89K | 118 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 132.53B | 117.1M | 117.16M | 145.19M | 103.89M | 126.19M | 70.45M | 93.77M | 97.69M | 87.37M | 76.52M | 56.87M | 50.76M | 79.24M | 70.33M | 68.93M | 16.52M | 14.09M | 8.23M | 2.29M |
| Total Debt | 98.43M | 98.43M | 101.67M | 120.42M | 87.16M | 104.1M | 54M | 76.75M | 81.25M | 66M | 63M | 43M | 75M | 116M | 53M | 45M | 0 | 0 | 0 | 0 |
| Net Debt | 83.49M | 83.49M | 72.75M | 84.85M | 77.28M | 77.7M | 47.24M | 69.68M | 74.35M | 58.1M | 54.3M | 24.98M | 70.36M | 110.28M | 43.67M | 38.38M | -6.08M | -80.25M | -8.74M | -1.48M |
| Long-Term Debt | 116.44M | 49.33M | 49.27M | 120.42M | 87.16M | 104.1M | 54M | 76.75M | 81.25M | 66M | 63M | 43M | 37.5M | 58M | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 49.39B | 49.1M | 52.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37.5M | 58M | 53M | 45M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 49.39B | 66.92M | 66.81M | 22.9M | 15.1M | 20.01M | 14.88M | 15.06M | 14.62M | 19.32M | 11.74M | 12.12M | 0 | 0 | 69.13M | 68.19M | 15.84M | 12.19M | 6.75M | 1.75M |
| Accounts Payable | 0 | 1.35M | 0 | 10.82M | 2.99M | 2.24M | 1.36M | 1.54M | 1.34M | 1.13M | 1.07M | 1.27M | 962.15K | 1.06M | 716.46K | 7.16M | 571.82K | 212.89K | 159.05K | 69.23K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220.06K | 1.87M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 83.13B | 847.66K | 1.07M | 1.87M | 1.63M | 2.09M | 1.57M | 1.95M | 1.82M | 2.05M | 1.79M | 1.75M | -37.72M | -59.87M | 1.2M | 739.95K | 682.34K | 1.9M | 1.48M | 539.95K |
| Total Equity | 303.42B | 307.81M | 309.91M | 310.03M | 310.78M | 308.96M | 295.47M | 292.72M | 285.96M | 271.85M | 275.79M | 273.69M | 272.12M | 264.03M | 270.15M | 268.63M | 269.38M | 264.08M | 128.69M | 56.29M |
| Equity Growth % | 97532.61% | -0.37% | 4.89% | 5.91% | 8.68% | 13.65% | 7.14% | 6.96% | 5.08% | 2.96% | 2.08% | 1.88% | 1.02% | -0.02% | 109.92% | 377.25% | - | - | - | - |
| Shareholders Equity | 303.42B | 307.81M | 309.91M | 310.03M | 310.78M | 308.96M | 295.47M | 292.72M | 285.96M | 271.85M | 275.79M | 273.69M | 272.12M | 264.03M | 270.15M | 268.63M | 269.38M | 264.08M | 128.69M | 56.29M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 210.8M | 210.8K | 210.75K | 210.75K | 208.94K | 208.29K | 196.34K | 196.25K | 191K | 181.97K | 181.82K | 181.75K | 180.89K | 176.86K | 176.58K | 176.58K | 176.58K | 173.55K | 80.4K | 6 |
| Additional Paid-in Capital | 323.99M | 323.13M | 322.23M | 321.37M | 320.49M | 318.89M | 299.72M | 298.92M | 291.86M | 277.48M | 276.95M | 276.41M | 274.93M | 269M | 268.89M | 268.8M | 268.68M | 264.08M | 124.54M | 56.29M |
| Retained Earnings | -20.78B | -15.52M | -12.52M | -11.55M | -9.92M | -10.14M | -4.45M | -6.39M | -6.09M | -5.81M | -1.34M | -2.9M | -2.98M | -5.14M | 1.09M | -353.04K | 526.49K | -177.56K | 4.07M | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0% | 1.91% | 2.03% | 2.04% | 2.36% | 1.98% | 2.98% | 2.38% | 2.35% | 2.64% | 2.92% | 2.65% | 3.21% | 2.12% | 2.88% | 2.39% | 2.77% | 3.63% | 4.16% | 1.82% |
| Return on Equity (ROE) | 0% | 2.64% | 2.88% | 2.86% | 3.24% | 2.62% | 3.81% | 3.17% | 3.13% | 3.43% | 3.63% | 3.17% | 3.99% | 2.72% | 3.63% | 2.77% | 2.93% | 3.83% | 4.4% | 1.9% |
| Debt / Assets | 0.02% | 23.17% | 23.81% | 26.45% | 21.02% | 23.92% | 14.76% | 19.86% | 21.18% | 18.37% | 17.88% | 13.01% | 23.23% | 33.79% | 15.57% | 13.33% | - | - | - | - |
| Debt / Equity | 0.00x | 0.32x | 0.33x | 0.39x | 0.28x | 0.34x | 0.18x | 0.26x | 0.28x | 0.24x | 0.23x | 0.16x | 0.28x | 0.44x | 0.20x | 0.17x | - | - | - | - |
| Net Debt / EBITDA | 12.13x | 10.23x | - | - | - | - | - | - | - | 6.23x | - | - | 3.25x | - | 2.14x | 2.38x | -0.39x | -10.66x | -346.82x | - |
| Book Value per Share | 14123.19 | 14.36 | 14.42 | 14.43 | 14.61 | 15.25 | 14.73 | 14.72 | 15.34 | 14.64 | 14.86 | 14.98 | 15.15 | 14.88 | 15.22 | 15.13 | 15.19 | 15.15 | 7.39 | 3.22 |