Saturday 17 October 2026
Export REFI’s income statement to Excel — free account
Chicago Atlantic Real Estate Finance, Inc.
REFI Real Estate Reit Mortgage
Chicago Atlantic Real Estate Finance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $55.4 million, up 0.80% from fiscal 2024. In the quarter to June 2026, revenue fell 11.0%, EPS fell 16.7% and free cash flow grew 40.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
9.32
0.07
−0.75%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | |
|---|---|---|---|---|---|
Piotroski F-Score |
3 | 4 | 6 | — | — |
P/E ratio |
7.17 | 8.03 | 7.44 | 8.24 | 9.02 |
P/S ratio |
4.65 | 5.41 | 5.06 | 5.42 | 0.00 |
P/FCF ratio |
8.94 | 12.84 | 10.18 | 15.57 | 0.00 |
P/Operating CF |
39.50 | 162.67 | 18.65 | 57.23 | (52.15) |
P/B ratio |
0.84 | 0.96 | 1.06 | 1.00 | 1.10 |
Price to Tangible BV |
0.84 | 0.96 | 1.06 | 1.00 | 1.10 |
EV/Sales |
4.38 | 4.93 | 4.92 | 5.30 | 0.00 |
EV/EBITDA |
7.12 | 7.57 | 7.79 | 8.64 | 0.00 |
EV/Operating CF |
8.42 | 11.70 | 9.90 | 15.24 | 0.00 |
EV/FCF |
8.42 | 11.70 | 9.90 | 15.24 | 0.00 |
Quick Ratio |
0.15 | 0.25 | 0.12 | 0.10 | 376.93 |
Current Ratio |
0.15 | 0.25 | 0.12 | 0.10 | 376.93 |
Net Debt/EBITDA |
(0.44) | (0.74) | (0.22) | (0.19) | (8.94) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.13 | 0.14 | 0.16 | 0.16 | 0.00 |
Operating CF/Net income |
0.80 | 0.63 | 0.73 | 0.53 | 0.70 |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11.68% | 12.76% | 14.45% | 12.23% | 0.00% | |
| 8.37% | 9.33% | 11.02% | 10.39% | 0.00% | |
ROIC |
7.65% | 8.23% | 9.12% | 7.81% | 3.23% |
Return on Tangible Assets |
(42.71%) | (46.99%) | (65.35%) | (60.54%) | 11.87% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
19.16% | 18.67% | 15.56% | 12.52% | 3.50% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
6.08% | 5.57% | 2.59% | 0.89% | 0.27% |
Graham Net Nets |
(0.40) | (0.34) | (0.27) | (0.28) | 0.23 |
Graham Number |
23.75 | 26.31 | 26.97 | 24.75 | 0.00 |
Earnings Yield |
13.95% | 12.45% | 13.45% | 12.13% | 11.08% |
Free Cash Flow Yield |
11.18% | 7.79% | 9.83% | 6.42% | 0.00% |
Revenue per Share |
2.64 | 2.85 | 3.16 | 2.77 | 1.71 |
Operating CF per Share |
1.37 | 1.20 | 1.57 | 0.96 | 1.04 |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
1.37 | 1.20 | 1.57 | 0.96 | 1.04 |
Cash per Share |
0.71 | 1.37 | 0.44 | 0.32 | 12.46 |
Shareholders Equity per Share |
14.66 | 16.02 | 15.03 | 14.96 | 40.99 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.66 | 16.02 | 15.03 | 14.96 | 40.99 |
Free Cash Flow |
28.79 | 23.16 | 28.42 | 17.01 | 6.67 |
Working Capital |
(84.32) | (78.83) | (59.24) | (53.34) | 80.04 |
Net Current Asset Value |
(102.15) | (99.79) | (79.47) | (73.52) | 66.16 |
EV/EBIT |
6.77 | 7.28 | 7.30 | 8.02 | 0.00 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
7.18 | 7.99 | 7.51 | 8.20 | 0.00 |
| Other line items | |||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
8.92% | 6.91% | 10.16% | 6.30% | 1.94% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
0.99 | 1.14 | 1.10 | 0.64 | — |
Average Assets |
430.03 | 397.19 | 351.25 | 310.72 | — |
Average Common Equity |
308.39 | 290.41 | 267.94 | 264.06 | — |
Columns are period end dates