Saturday 17 October 2026 Export LIEN’s income statement to Excel — free account

Chicago Atlantic BDC, Inc.

Chicago Atlantic BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $54.3 million, up 150.6% from fiscal 2024. In the quarter to June 2026, revenue grew 6.81%, EPS fell 29.0% and free cash flow grew 1,591.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

9.14 0.01 −0.11%

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Market cap: $208.8M
P/E: 6.6×
Fwd P/E: 6.2×
Dividend yield: 14.9%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 14.81%

Capital & Financial Ratios $m

Market Cap 208.81

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 6.58

Fwd P/E 6.16

P/S ratio 3.48

P/B ratio 0.69

Past 5Y EPS Growth —

This Y EPS Growth 3.45%

Next Y EPS Growth 10.00%

Next Y revenue growth 12.72%

Next 5Y EPS Growth 5.86%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 11.63%

10-year low 10-year high

P/S against its own 10 years 0.42%

10-year low 10-year high

P/B against its own 10 years 35.67%

10-year low 10-year high

Dividends

Payout Ratio 0.98

Annual Dividend Rate 1.36

Annual Dividend Yield 14.88%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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)

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	7.70	7.52	7.29	9.70	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	15.40	10.47	13.38	12.65
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	—	—	—	—	—	—	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	4	12	22	54
	Gross margin, %	—	—	—	—	—	—	100.00	100.00	100.00	100.00
	EBT	—	—	—	—	0	(1)	2	7	9	33
	EBT margin, %	—	—	—	—	0.00	0.00	54.42	55.55	43.62	60.90
	Net income	—	0	—	—	0	0	2	7	10	33
	Depreciation	—	—	—	—	0	0	0	(1)	(1)	(2)
Per share, $
Per share, $	Revenue	—	—	—	—	—	0.00	0.65	1.92	2.09	2.38
	Earnings	—	—	—	—	—	(0.09)	0.31	1.18	0.93	1.46
	Cash flow	—	—	—	—	0.00	0.01	(7.99)	0.93	(0.49)	(0.90)
	Capex	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	—	—	—	—	0.00	0.01	(7.99)	0.93	(0.49)	(0.90)
	Book value	—	—	—	—	0.00	0.00	13.91	13.77	29.12	13.30
	Shares, m	—	—	—	—	—	6	6	6	10	23
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	31.11	7.24	13.18	7.06
	P/S	—	—	—	—	—	—	14.55	4.41	5.82	4.34
	P/B	—	—	—	—	—	—	0.68	0.62	0.42	0.78
	EV/Sales	—	—	—	—	—	—	(6.60)	(2.86)	(7.99)	(1.85)
	EV/FCF	—	—	—	—	—	—	0.54	(5.93)	34.38	4.91
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	0	0	(50)	6	(5)	(20)
	Capex	—	—	—	—	0	0	—	—	—	—
	Free cash flow	—	—	—	—	0	0	(50)	6	(5)	(20)
Balance, $m
Balance, $m	Working capital	—	—	—	—	0	0	86	86	301	303
	Total debt	—	—	—	—	—	—	—	—	—	—
	Net debt	—	—	—	—	—	0	(85)	(87)	(299)	(336)
	Shareholders’ equity	—	—	—	—	0	0	86	86	301	303
Returns, %
Returns, %	ROA	—	—	—	—	(115.60)	(207.71)	2.24	8.36	4.83	10.22
	ROIC	—	—	—	—	0.00	0.00	125.31	0.00	297.01	0.00
	ROE	—	—	—	—	0.00	0.00	2.25	8.53	4.98	11.01

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RWAY Runway Growth Finance Corp.	$273.3M	57.5×	— (loss-making)	+5.35% (above 0%: growing)	+44.44% (above 0%: growing)	−65,337.04% (below 0%: shrinking)	100.00%	84.24%	Compare
SAR Saratoga Investment Corp	$236.8M	— (loss-making)	10.0×	+1.77% (above 0%: growing)	n/m	−43.85% (below 0%: shrinking)	100.00%	68.55%	Compare
LIEN Chicago Atlantic BDC, Inc.	$208.8M	6.6×	6.2×	+6.81% (above 0%: growing)	−28.95% (below 0%: shrinking)	+1,591.22% (above 0%: growing)	100.00%	61.95%
PNNT PennantPark Investment Corporation	$206.3M	19.6×	10.4×	−16.21% (below 0%: shrinking)	−41.67% (below 0%: shrinking)	−2.70% (below 0%: shrinking)	78.27%	72.21%	Compare
SCM Stellus Capital Investment Corporation	$205.6M	6.9×	9.7×	−13.21% (below 0%: shrinking)	+55.56% (above 0%: growing)	+41.00% (above 0%: growing)	100.00%	72.26%	Compare
TPVG TriplePoint Venture Growth BDC Corp.	$183.2M	4.5×	6.2×	−4.86% (below 0%: shrinking)	−21.21% (below 0%: shrinking)	+232.34% (above 0%: growing)	100.00%	75.98%	Compare
WHG Westwood Holdings Group Inc	$181.4M	20.0×	— (loss-making)	+9.62% (above 0%: growing)	+50.00% (above 0%: growing)	−58.51% (below 0%: shrinking)	100.00%	8.14%	Compare
NSLR Neostellar Capital Corp.	$181.1M	1.3×	2.9×	+79.14% (above 0%: growing)	n/m	−171.41% (below 0%: shrinking)	100.00%	(7,413.51%)	Compare
WHF WhiteHorse Finance, Inc.	$164.5M	9.6×	8.9×	−23.72% (below 0%: shrinking)	+380.00% (above 0%: growing)	−159.82% (below 0%: shrinking)	100.00%	66.34%	Compare
Median of peers	$194.4M	9.6×	9.3×	−1.54%	+47.22%	−51.18%	100.00%	70.38%

All 120 Asset Management stocks →

Chicago Atlantic BDC, Inc. (LIEN) key facts

Strength: Chicago Atlantic BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $54.3 million, up 150.6% from fiscal 2024.
Chicago Atlantic BDC, Inc. (LIEN) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, LIEN traded at $9.14, a market capitalization of $208.8 million.
Chicago Atlantic BDC, Inc. pays an annual dividend of $1.36 per share, a yield of 14.9%, with a payout ratio of 97.8%.
Return on equity was 11.0% and debt-to-equity 0.00.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.