Chicago Atlantic BDC, Inc. LIEN

10.04 (0.27) (2.62%) as of 25 Sep
Market cap
$235.3M
P/E
7.2×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 14.81%

Capital & Financial Ratios

Market Cap 235.28
Revenue 59.97
Net Income 31.68
Free Cash Flow (3.02)
Net Debt (335.76)
Current Ratio 8.29
Debt/Equity 0.00
P/E ratio 7.22
P/S ratio 3.82
P/B ratio 0.76
Past 5Y EPS Growth —
This Y EPS Growth 3.45%
Next Y EPS Growth 10.00%
Next 5Y EPS Growth 5.86%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.92
Annual Dividend Yield 5.83%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.36
0.34
0.34
0.34
2025 1.36
0.34
0.34
0.34
0.34
2024 1.09
0.25
0.25
0.25
0.34
2023 1.33
0.63
0.70
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 87 299 336 336
Receivables 2 10 5 6
Inventory — — — —
Other — — — —
89 310 342 344
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — 1 1 1
3 8 39 41
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 457.31% 137.83%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 158.63%
Book Value — 29.12% 51.95%

Revenue

Mar Jun Sep Dec Year
’26 17 14 — — —
’25 12 13 15 14 54
’24 3 3 3 13 22
’23 2 3 3 4 12
’22 — 1 1 2 4
’22 0 — — — 0
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (21) 33 — — —
’25 (7) 2 (1) (14) (20)
’24 2 2 (2) (7) (5)
’23 (3) 0 1 7 6
’22 — (24) 0 (25) (50)
’22 (1) — — — (1)
’22 — — — — (1)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (21) 33 — — —
’25 (7) 2 (1) (14) (20)
’24 2 2 (2) (7) (5)
’23 (3) 0 1 7 6
’22 — (24) 0 (25) (50)
’22 (1) — — — (1)
’22 — — — — (1)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.37 0.27 — — —
’25 0.33 0.38 0.39 0.36 1.46
’24 0.08 0.21 (0.03) 0.67 0.93
’23 0.38 0.19 0.20 0.40 1.18
’22 — 0.03 0.09 0.24 0.31
’22 (0.06) — — — (0.64)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — 7.70 7.52 7.29 9.70

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — 15.40 10.47 13.38 12.65
High Price
— — — — — — — — — —
Employees
— — — — — — 0 0 0 0
Revenue/Emp
— — — — — — 4 12 22 54
Revenue
— — — — — — 100.00% 100.00% 100.00% 100.00%
Gross Margin
— — — — 0 (1) 2 7 9 33
EBT
— — — — 0.00% 0.00% 54.42% 55.55% 43.62% 60.90%
EBT Margin
— 0 — — 0 0 2 7 10 33
Net Income
— — — — 0 0 0 (1) (1) (2)
Depreciation
— — — — — 0.00 0.65 1.92 2.09 2.38
Revenue/Sh
— — — — — (0.09) 0.31 1.18 0.93 1.46
Earnings/Sh
— — — — 0.00 0.01 (7.99) 0.93 (0.49) (0.90)
Cash Flow/Sh
— — — — 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
— — — — 0.00 0.01 (7.99) 0.93 (0.49) (0.90)
Free CF/Sh
— — — — 0.00 0.00 13.91 13.77 29.12 13.30
Book Value/Sh
— — — — — 6 6 6 10 23
Shares
— — — — — — 31.11 7.24 13.18 7.06
PE Ratio
— — — — — — 14.55 4.41 5.82 4.34
PS Ratio
— — — — — — 0.68 0.62 0.42 0.78
PB Ratio
— — — — — — (6.60) (2.86) (7.99) (1.85)
EV/Sales
— — — — — — 0.54 (5.93) 34.38 4.91
EV/FCF
— — — — 0 0 (50) 6 (5) (20)
Op' Cash Flow
— — — — 0 0 — — — —
Capex
— — — — 0 0 (50) 6 (5) (20)
FCF
— — — — 0 0 86 86 301 303
Working Cap'
— — — — — — — — — —
Total Debt
— — — — — 0 (85) (87) (299) (336)
Net Debt
— — — — 0 0 86 86 301 303
Sh' Equity
— — — — (115.60%) (207.71%) 2.24% 8.36% 4.83% 10.22%
ROA
— — — — 0.00% 0.00% 125.31% 0.00% 297.01% 0.00%
ROIC
— — — — 0.00% 0.00% 2.25% 8.53% 4.98% 11.01%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Chicago Atlantic BDC, Inc. (LIEN) key facts

  • Chicago Atlantic BDC, Inc. (LIEN) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • Chicago Atlantic BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $54.3 million, up 150.6% from fiscal 2024.
  • As of September 25, 2026, LIEN traded at $10.04, a market capitalization of $235.3 million.
  • Chicago Atlantic BDC, Inc. pays an annual dividend of $0.92 per share, a yield of 5.83%.
  • Return on equity was 11.0% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Chicago Atlantic BDC, Inc. (LIEN) Latest News

News by impact score

Fine-tune

25 Sep

3

LIEN announced a total dividend of $0.34 per share, with a $0.34 cash dividend payable on 2026-10-09 and an ex-dividend date of 2026-09-25. Chicago Atlantic BDC is a specialty finance BDC focused on senior secured loans to private middle‑market and cannabis‑related borrowers. GuruFocus notes dividends have been paid quarterly since 2023, yielding about 13.2% trailing and forward. The payout ratio is about 0.98, leaving little cushion if earnings fall. Profitability and growth scores are weak (2/10 each) as of mid-2026, suggesting limited ability to sustain or raise the payout. Although revenue growth is substantial, the short dividend history and high yield raise sustainability concerns; investors should watch loan portfolio quality and upcoming quarterly results. Payout near 100% of earnings with weak profitability and short dividend history suggests limited cushion for sustainability.

13 Aug

4

Chicago Atlantic BDC Inc (LIEN) reported record credit quality in its Q2 2026 earnings call highlights. Record credit quality signals major positive shift in core BDC operations and investor outlook.

4

Chicago Atlantic BDC, Inc. (LIEN) reported its second quarter 2026 financial results. Quarterly financial results directly shape investor views and near-term stock movement for Chicago Atlantic BDC, Inc. (LIEN).

3 transcript

Chicago Atlantic BDC (LIEN) Q2 earnings call highlighted financial results, operational updates and performance metrics. Q2 earnings details can moderately shift investor views on near-term financial trajectory.

12 Aug

3 transcript

Chicago Atlantic Real Estate Finance reported Q2 2026 results in its earnings call, covering portfolio performance, net interest income, credit quality metrics, dividend declarations and forward guidance on originations and liquidity. Quarterly earnings data can shift near-term valuation and sentiment but rarely alters long-term strategic trajectory for a BDC.

11 Aug

3

Chicago Atlantic Real Estate Finance Q2 earnings call highlighted financial results and company performance updates. Q2 earnings call provides updates on financial results and outlook that can moderately affect market perception and stock performance.

14 Jul

4

Chicago Atlantic Real Estate Finance (REFI) agrees to merge into Chicago Atlantic BDC (LIEN). Merger expands LIEN assets and operations via strategic consolidation.

18 Jun

4

Chicago Atlantic Real Estate Finance, Inc. and Chicago Atlantic BDC, Inc. (LIEN) announce a definitive merger agreement. Merger agreement constitutes a major strategic consolidation expected to alter company structure and trajectory.

19 May

3

Earnings estimates for Chicago Atlantic BDC, Inc. (LIEN) are rising, leading to questions on whether the stock represents a buying opportunity. Rising earnings estimates can moderately lift near-term stock sentiment without signaling major operational shifts.

14 May

4

Chicago Atlantic BDC Inc (LIEN) reported record net investment income in Q1 2026 earnings call highlights. Record net investment income demonstrates strong financial results poised to enhance investor sentiment and stock performance.

4

Chicago Atlantic BDC reported Q1 earnings call highlights, including financial results, portfolio performance, dividend declarations, and management outlook on cannabis sector lending. Q1 earnings highlights disclose core financial metrics, NAV changes, and forward guidance that significantly shape investor expectations and market performance.

4

Chicago Atlantic BDC, Inc. (LIEN) reported Q1 earnings and revenues that exceeded analyst estimates. Beating Q1 earnings and revenue estimates indicates strong financial performance with potential to drive positive stock momentum and investor sentiment.

4

Chicago Atlantic BDC, Inc. (LIEN) reported first quarter 2026 financial results. Quarterly earnings reports significantly impact financial performance metrics and investor sentiment for BDCs.

3

Chicago Atlantic BDC, Inc. (LIEN) declared a $0.34 per share cash dividend for the second quarter of 2026. Dividend declaration affirms steady cash flows and bolsters income-focused investor sentiment without fundamentally altering long-term trajectory.

11 May

4

Chicago Atlantic BDC, Inc. (LIEN) filed a shelf registration statement to enhance financial flexibility and support portfolio growth. Shelf registration provides efficient access to capital markets, enabling faster portfolio expansion and strategic growth.

19 Mar

4

Chicago Atlantic BDC Inc (LIEN) reported strong credit performance, portfolio growth, and solid financial results in Q4 2025 earnings call highlights. Strong credit performance and financial results signal enhanced stability and growth potential for LIEN's future market performance.

4

Chicago Atlantic BDC, Inc. (LIEN) released Q4 2025 earnings call summary highlighting financial results, portfolio performance, dividend declarations, and outlook amid cannabis sector investments. Q4 earnings summary discloses key financial metrics, NAV changes, and guidance that significantly sway investor sentiment and stock valuation.

4

Chicago Atlantic BDC, Inc. (LIEN) released Q4 earnings call highlights detailing financial performance, portfolio updates, and future outlook. Q4 earnings highlights directly impact financial results, dividend declarations, and guidance, significantly influencing stock performance and investor confidence.

4 transcript

Chicago Atlantic BDC, Inc. (LIEN) released its earnings call transcript detailing financial results, portfolio updates, management discussion, and Q&A. Earnings transcripts disclose quarterly financials, NAV changes, dividend policies, and forward guidance that significantly sway investor sentiment and valuation.

4

Chicago Atlantic BDC, Inc. reported fourth quarter and full year 2025 financial results. Fourth quarter and full year financial results directly impact investor sentiment, valuation, and future performance expectations for the BDC.

3

Chicago Atlantic BDC, Inc. (LIEN) reported Q4 earnings that matched analyst estimates. Matching Q4 earnings estimates indicates solid financial performance aligned with expectations, potentially influencing short-term market sentiment.

3

Chicago Atlantic BDC, Inc. (LIEN) declares $0.34 per share cash dividend payable for the first quarter of 2026. Dividend declaration signals stable cash flows and supports investor confidence in financial performance.

13 Nov

4 transcript

Chicago Atlantic BDC, Inc. (LIEN) reported record investments and strong financial performance in its Q3 2025 earnings call. The company highlighted significant growth in its portfolio and strategic initiatives aimed at enhancing shareholder value. Management expressed optimism about future opportunities and market conditions, reinforcing their commitment to delivering robust returns. Record investments and strong financial performance indicate a significant positive shift in the company's trajectory and investor sentiment.

4

Chicago Atlantic BDC, Inc. reported its financial results for the third quarter of 2025, highlighting key metrics such as revenue, net income, and asset performance. The company demonstrated growth in its investment portfolio and maintained a strong balance sheet, positioning itself favorably in the market. Management provided insights into strategic initiatives and future outlook, emphasizing continued focus on enhancing shareholder value. The financial results indicate significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

3 transcript

Chicago Atlantic BDC, Inc. (LIEN) reported its latest earnings, highlighting key financial metrics and strategic initiatives. The company discussed its performance in the current market environment, emphasizing growth areas and potential challenges. Management provided insights into future expectations and operational adjustments aimed at enhancing shareholder value. Overall, the earnings call reflected a commitment to navigating market dynamics effectively. Moderate influence is expected due to the company's strategic initiatives and market positioning.

3

Chicago Atlantic BDC, Inc. has declared a cash dividend of $0.34 for the fourth quarter of 2025, reflecting the company's ongoing commitment to returning value to its shareholders. This dividend is part of the company's strategy to maintain a steady income stream for investors amidst market fluctuations. The dividend declaration indicates a stable financial position, which may positively influence investor sentiment but is not expected to significantly alter the company's overall trajectory.

29 Oct

3

Chicago Atlantic BDC, Inc. reported its financial results for the third quarter of 2025, highlighting key metrics and performance indicators. The company discussed its revenue, net income, and any significant changes in its investment portfolio. Management provided insights into future strategies and market conditions affecting operations. The conference call aimed to address investor inquiries and outline expectations moving forward. The financial results and management insights may moderately influence investor sentiment and operational strategies.

15 Aug

4 transcript

Chicago Atlantic BDC, Inc. (LIEN) reported strong investment growth in its Q2 2025 earnings call, highlighting significant increases in portfolio performance and strategic initiatives aimed at enhancing shareholder value. The company emphasized its commitment to expanding its investment footprint and optimizing its capital structure, which contributed to positive market sentiment. Management provided insights into future growth prospects and ongoing efforts to navigate market challenges effectively. Strong investment growth and strategic initiatives are likely to significantly impact future performance and investor sentiment.

14 Aug

4

Chicago Atlantic BDC, Inc. reported its financial results for the second quarter of 2025, highlighting significant growth in revenue and net income compared to the previous quarter. The company attributed this performance to strategic investments and an expanding portfolio in the cannabis sector. Management expressed optimism about future opportunities and plans to continue leveraging market trends to enhance shareholder value. The results reflect a strong operational performance and a commitment to maintaining a robust financial position. Significant growth in revenue and net income indicates a strong operational performance that could alter the company's trajectory.

3

Chicago Atlantic BDC, Inc. has declared a cash dividend of $0.34 for the third quarter of 2025, reflecting the company's ongoing commitment to returning value to its shareholders. This dividend is part of the company's regular distribution strategy and indicates stable financial performance. The dividend declaration suggests moderate financial stability but does not indicate a significant change in the company's overall trajectory.

stockrow.com/LIEN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com