Chicago Atlantic BDC, Inc. (LIEN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	52.2M	54.3M	18.0M	10.0M	4.0M
Cost of Revenue	7.9M	12.3M	—	—	—
Gross Profit	44.3M	42.0M	18.0M	10.0M	4.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.5B	6.1B	8.2M	2.7M	2.0M
General & Admin Expense	1.5B	6.1B	8.2M	2.7M	1.9M
Selling & Marketing Expense	—	—	—	—	80.7K
Other Expenses	(1.5B)	(6.1B)	120.0K	10.7K	—
Total Operating Expenses	10.6M	7.4M	8.3M	2.7M	2.0M
Cost and Expenses	18.5M	19.8M	8.3M	2.7M	2.0M
Operating Income (EBIT)	33.7M	34.5M	9.6M	7.3M	2.1M
Non-Operating
Interest Income	54.0M	49.3M	19.9M	11.7M	—
Interest Expense	2.2M	1.2M	—	—	—
Net Interest Income	51.7M	48.0M	19.9M	11.7M	—
Other Non-Op Income/Expense	(2.0M)	(1.2M)	—	—	(353.9K)
Non-Operating Income (excl Interest)	—	—	—	—	80.6K
EBT (Pre-Tax Income)	31.7M	33.3M	9.6M	7.3M	1.7M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	31.7M	33.3M	9.6M	7.3M	1.7M
Earnings from Cont. Ops	31.7M	33.3M	9.6M	7.3M	1.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	31.7M	33.3M	9.6M	7.3M	1.7M
Per Share
Basic EPS	$1.39	$1.46	$0.93	$1.18	$0.31
Diluted EPS	$1.39	$1.46	$0.93	$1.18	$0.31
Revenue Per Share	$2.29	$2.38	$1.74	$1.61	$0.73
Shares
Basic Shares Outstanding	22.8M	22.8M	10.3M	6.2M	5.6M
Diluted Shares Outstanding	22.8M	22.8M	10.3M	6.2M	5.6M
Profitability Metrics
EBITDA	782.5M	34.5M	9.6M	7.3M	2.0M
D&A	748.8M	—	—	—	—
EBIT	33.7M	34.5M	9.6M	7.3M	2.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026