Chicago Atlantic BDC, Inc. (LIEN) Financial Statements
In fiscal 2025, Chicago Atlantic BDC reported revenue of $54.3M, up 150.6% from $21.7M the year before. Net income was $33.3M (a 61.3% net margin), or $1.46 per diluted share. Operating activities generated -$20.5M of cash. At fiscal year end, Chicago Atlantic BDC held $342.0M in total assets against $38.6M in total liabilities, including $2.9M of cash and equivalents.
Open the full interactive Chicago Atlantic BDC financials → Quarterly statements, key ratios, valuation history and price charts.
Chicago Atlantic BDC Key Stats
| Share Price | $9.12 |
|---|---|
| Market Cap | $208.1M |
| P/E Ratio | 6.2 |
| Revenue YoY Growth | +150.6% |
| 52-Week Range | $8.43 – $10.04 |
| Shares Outstanding | 22.8 million (basic, 2026 Q2) |
Chicago Atlantic BDC Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $11.9M | $21.7M | $54.3M |
| Pre-Tax Income | -$923,111 | $0 | $33.3M |
| Net Income | -$923,111 | $0 | $33.3M |
| Diluted EPS | $1.18 | $0.93 | $1.46 |
Chicago Atlantic BDC Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $15.1M | $14.2M | $16.7M | $14.0M |
| Net Income | $8.8M | $15.9M | $8.5M | $6.1M |
| Diluted EPS | $0.39 | $0.70 | $0.37 | $0.27 |
Chicago Atlantic BDC Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $32.6M | $23.9M | $2.9M |
| Total Assets | $88.6M | $309.6M | $342.0M |
| Total Long-Term Debt | — | — | $25.0M |
| Total Liabilities | $3.0M | $8.4M | $38.6M |
| Shareholders' Equity | $85.6M | $301.2M | $303.4M |
Chicago Atlantic BDC Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | $5.7M | -$5.0M | -$20.5M |
| Cash From Financing | -$8.3M | -$3.6M | -$519,923 |
| Dividends Paid | $8.27B | — | — |
Figures from Chicago Atlantic BDC's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Chicago Atlantic BDC financials page for every line item.
Chicago Atlantic BDC Company Profile
| Ticker | LIEN |
|---|---|
| Exchange | Nasdaq |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001843162 |
Frequently Asked Questions
What was Chicago Atlantic BDC's revenue in fiscal 2025?
Chicago Atlantic BDC (LIEN) reported revenue of $54.3M for fiscal 2025.
What is Chicago Atlantic BDC's annual revenue history?
Chicago Atlantic BDC's annual revenue by fiscal year: 2023: $11.9M; 2024: $21.7M; 2025: $54.3M.
What was Chicago Atlantic BDC's net income in fiscal 2025?
Chicago Atlantic BDC reported net income of $33.3M for fiscal 2025.
What was Chicago Atlantic BDC's earnings per share (EPS) in fiscal 2025?
Chicago Atlantic BDC's diluted EPS was $1.46 for fiscal 2025 (adjusted for any later stock splits).
What was Chicago Atlantic BDC's revenue last quarter?
In its most recent reported quarter (2026 Q2), Chicago Atlantic BDC reported revenue of $14.0M.
How much debt does Chicago Atlantic BDC have?
Chicago Atlantic BDC reported $25.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Chicago Atlantic BDC are outstanding?
Chicago Atlantic BDC reported a weighted average of 22.8 million basic shares outstanding in 2026 Q2.
What is Chicago Atlantic BDC's market cap?
Based on its latest closing price, Chicago Atlantic BDC (LIEN) has a market capitalization of about $208.1M.
When does Chicago Atlantic BDC's fiscal year end?
Chicago Atlantic BDC's fiscal year end, as registered with the SEC, is December 31.
Where is Chicago Atlantic BDC headquartered?
Chicago Atlantic BDC lists its business address in New York, New York in its SEC filings.