State Ledger
Company profile

Chicago Atlantic Real Estate Finance, Inc. CIK 1867949

Ticker
REFI (Nasdaq)
Industry
Real Estate Investment Trusts
Headquarters
Chicago, IL 60611
Fiscal year end
2025 (FY)
Market Data
Close
$9.35
Change
-$0.08
Change %
-0.85%
Volume
4,973

REFI · trading date Oct 12, 2026 · previous close $9.43 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
$36.01M
Total assets
$424.92M
Total liabilities
$117.10M
Stockholders' equity
$307.81M
Cash & equivalents
$14.95M
Operating income
—
Operating cash flow
$28.79M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-03-12. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
27.6%
Equity / assets
72.4%
CapEx / revenue
—
Operating cash flow / net income
0.80×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — $36.01M $424.92M $117.10M $307.81M
2024 — $37.05M $435.15M $126.19M $308.96M
2023 — $38.71M $359.23M $87.37M $271.85M
2022 $48.86M $32.29M $343.27M $79.24M $264.03M
2021 — — $278.17M $14.09M $264.08M
Company Details
SIC code
6798
State of incorporation
MD
Active filer
Yes
Most recent SEC filing
Form 4
2026-08-28
Financials filed via
Form 10-K
filed 2026-03-12

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Chicago, IL 60611
420 NORTH WABASH AVENUE
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:30 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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