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Chicago Atlantic BDC, Inc.(LIEN)Earnings, Financials & Key Ratios
LIEN•NASDAQ•Banking & Credit
$9.36
$214M mkt cap·6.4× P/E·Price updated May 6, 2026
AboutSilver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.Show more
- Net Interest Income$48M+141.2%
- Total Revenue$54M+202.2%
- Net Income$33M+245.8%
- Return on Equity0.02%-99.6%
- Net Interest Margin0.01%-99.8%
- Efficiency Ratio13.67%-70.6%
- ROA0.02%-99.6%
- Equity / Assets88.72%-8.8%
- Book Value per Share13295.71+45565.0%
- Tangible BV/Share13295.71+45565.0%
- Debt/Equity0.08
LIEN Key Insights
Chicago Atlantic BDC, Inc. (LIEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Efficient operations: 13.7% efficiency ratio
- ✓Well capitalized: 88.7% equity/assets
- ✓Trading at only 0.0x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 4.5%
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak NIM of 0.0%
- ✗Shares diluted 100.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LIEN Price & Volume
Chicago Atlantic BDC, Inc. (LIEN) stock price & volume — 10-year historical chart
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LIEN Growth Metrics
Chicago Atlantic BDC, Inc. (LIEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years137.63%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years169.08%
TTM245.85%
EPS CAGR
10 Years-
5 Years-
3 Years67.62%
TTM52.4%
Return on Capital
10 Years2.9%
5 Years2.9%
3 Years4.47%
Last Year0.02%
LIEN Recent Earnings
Chicago Atlantic BDC, Inc. (LIEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 4/12 qtrs (40%)
Q2 2026Latest
Mar 19, 2026EPS
$0.36
Est $0.36
+0.0%
Revenue
$14M
Est $15M
-4.2%
Q4 2025
Nov 13, 2025EPS
$0.42
Est $0.35
+20.0%
Revenue
$11M
Est $13M
-19.5%
Q3 2025
Aug 14, 2025EPS
$0.34
Est $0.36
-5.6%
Revenue
$11M
Est $13M
-22.0%
Q2 2025
May 14, 2025EPS
$0.34
Est $0.34
-200.0%
Revenue
$9M
Est $13M
-35.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $0.36vs $0.36+0.0% | $14Mvs $15M-4.2% |
| Q4 2025 | Nov 13, 2025 | $0.42vs $0.35+20.0% | $11Mvs $13M-19.5% |
| Q3 2025 | Aug 14, 2025 | $0.34vs $0.36-5.6% | $11Mvs $13M-22.0% |
| Q2 2025 | May 14, 2025 | $0.34vs $0.34-200.0% | $9Mvs $13M-35.3% |
Based on last 12 quarters of dataView full earnings history →
LIEN Peer Comparison
Chicago Atlantic BDC, Inc. (LIEN) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 REFI | 258.17M | 12.25 | 7.29 | -100% | 871.56% | 46.65% | 0.16 | |
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 SUNS | 103.48M | 7.71 | 8.12 | 148.14% | 46.04% | 6.6% | 0.67 | |
 CSWC | 1.44B | 24.19 | 16.46 | 7.67% | 10.32% | 1.08 | ||
 FDUS | 705.19M | 18.58 | 8.01 | 40.09% | 11.68% | 0.31 | ||
 HRZN | 218.97M | 4.58 | 4.36 | 17.91% | 8.95% | 1.49 | ||
 CCAP | 508.33M | 13.75 | 7.60 | 17.44% | 9.48% | |||
 IIPR | 1.65B | 57.69 | 14.68 | -13.8% | 45.58% | 6.41% | 0.21 |
Compare LIEN vs Peers
Chicago Atlantic BDC, Inc. (LIEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LIEN Income Statement
Chicago Atlantic BDC, Inc. (LIEN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'21 | Mar'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 10.07K | 0 | 11.74M | 19.91M | 48.02M |
| NII Growth % | - | - | -100% | - | 69.6% | 141.23% |
| Net Interest Margin % | 0% | 0.01% | 0% | 13.25% | 6.43% | 0.01% |
| Interest Income | 0 | 10.07K | 0 | 11.74M | 19.91M | 49.27M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 1.25M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 11.1M |
| Non-Interest Income | 0 | 0 | 4.05M | -1.71M | -1.93M | 5.03M |
| Non-Interest Income % | - | 0% | 100% | -17% | -10.76% | 9.27% |
| Total Revenue | 0▲ 0% | 10.07K▲ 0% | 4.05M▲ 40075.4% | 10.03M▲ 147.9% | 17.97M▲ 79.1% | 54.3M▲ 202.2% |
| Revenue Growth % | - | - | 40075.37% | 147.88% | 79.15% | 202.16% |
| Non-Interest Expense | 958.29K | 573.44K | 1.98M | 2.69M | 8.35M | 7.42M |
| Efficiency Ratio | - | 5692.82% | 49.05% | 26.83% | 46.46% | 13.67% |
| Operating Income | -958.29K▲ 0% | -563.37K▲ 41.2% | 2.06M▲ 466.0% | 7.34M▲ 256.0% | 9.62M▲ 31.1% | 34.53M▲ 258.8% |
| Operating Margin % | - | -5592.82% | 50.95% | 73.17% | 53.54% | 63.59% |
| Operating Income Growth % | - | 41.21% | 466.02% | 255.97% | 31.1% | 258.83% |
| Pretax Income | -958.29K▲ 0% | -563.37K▲ 41.2% | 1.71M▲ 403.2% | 7.34M▲ 329.7% | 9.62M▲ 31.1% | 33.28M▲ 245.8% |
| Pretax Margin % | - | -5592.82% | 42.21% | 73.17% | 53.54% | 61.29% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -958.29K▲ 0% | -563.37K▲ 41.2% | 1.71M▲ 403.2% | 7.34M▲ 329.7% | 9.62M▲ 31.1% | 33.28M▲ 245.8% |
| Net Margin % | - | -5592.82% | 42.21% | 73.17% | 53.54% | 61.29% |
| Net Income Growth % | - | 41.21% | 403.2% | 329.72% | 31.1% | 245.85% |
| Net Income (Continuing) | -958.29K | -563.37K | 1.71M | 7.34M | 9.62M | 33.28M |
| EPS (Diluted) | -1.09▲ 0% | -0.64▲ 41.3% | 0.31▲ 148.4% | 1.18▲ 280.6% | 0.93▼ 21.2% | 1.46▲ 57.0% |
| EPS Growth % | - | 41.28% | 148.44% | 280.65% | -21.19% | 56.99% |
| EPS (Basic) | -1.09 | -0.64 | 0.31 | 1.18 | 0.93 | 1.46 |
| Diluted Shares Outstanding | 877.41K | 877.41K | 5.55M | 6.21M | 10.34M | 22.82M |
LIEN Balance Sheet
Chicago Atlantic BDC, Inc. (LIEN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'21 | Mar'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 0 | 84.77M | 35.13M | 32.61M | 23.93M | 2.93B |
| Cash & Due from Banks | 0 | 84.77M | 35.13M | 32.61M | 23.93M | 2.93B |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 50.25M | 54.12M | 275.24M | 333.31M |
| Investments Growth % | - | - | - | 7.69% | 408.58% | 21.1% |
| Long-Term Investments | 0 | 0 | 50.25M | 54.12M | 275.24M | 259.34M |
| Accounts Receivables | 0 | 9.21K | 1.56M | 1.76M | 10.07M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | -259.34M |
| Total Current Assets | 0 | 85.03M | 36.72M | 34.46M | 23.93M | 6.11B |
| Total Non-Current Assets | 0 | 0 | 50.25M | 54.12M | 275.24M | 0 |
| Total Assets | 276.26K▲ 0% | 85.03M▲ 30680.1% | 86.97M▲ 2.3% | 88.58M▲ 1.8% | 309.56M▲ 249.5% | 342B▲ 110377.9% |
| Asset Growth % | - | 30680.07% | 2.28% | 1.85% | 249.49% | 110377.87% |
| Return on Assets (ROA) | -346.88% | -1.32% | 1.99% | 8.36% | 4.83% | 0.02% |
| Accounts Payable | 0 | 0 | 0 | 0 | 37.75K | 0 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 25B |
| Net Debt | 0 | -84.77M | -35.13M | -32.61M | -23.93M | 22.07B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 25B |
| Other Liabilities | 0 | 479.7K | 33.66K | 13.82K | 8.36M | 13.52B |
| Total Current Liabilities | 0 | 0 | 461.88K | 3.01M | 37.75K | 25.07B |
| Total Non-Current Liabilities | 0 | 479.7K | 33.66K | 13.82K | 8.36M | 13.52B |
| Total Liabilities | 435.97K | 479.7K | 495.55K | 3.02M | 8.4M | 38.59B |
| Total Equity | -159.72K▲ 0% | 84.55M▲ 53039.4% | 86.48M▲ 2.3% | 85.55M▼ 1.1% | 301.16M▲ 252.0% | 303.41B▲ 100645.6% |
| Equity Growth % | - | 53039.35% | 2.28% | -1.07% | 252.02% | 100645.61% |
| Equity / Assets (Capital Ratio) | -57.81% | 99.44% | 99.43% | 96.59% | 97.29% | 88.72% |
| Return on Equity (ROE) | - | -1.34% | 2% | 8.53% | 4.98% | 0.02% |
| Book Value per Share | -0.18 | 96.37 | 15.58 | 13.77 | 29.12 | 13295.71 |
| Tangible BV per Share | -0.18 | 96.37 | 15.58 | 13.77 | 29.12 | 13295.71 |
| Common Stock | 0 | 62.15K | 62.15K | 62.15K | 228.2K | 228.21M |
| Additional Paid-in Capital | 0 | 84.92M | 84.92M | 85.04M | 303.27M | 0 |
| Retained Earnings | -159.72K | -427.85K | 1.5M | 449.27K | -2.34M | 25.65K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
LIEN Cash Flow Statement
Chicago Atlantic BDC, Inc. (LIEN) cash flow — operating, investing & free cash flow history
| Line item | Mar'21 | Mar'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 0 | -509.11K | -50.15M | 5.75M | -5.03M | -20.48B |
| Operating CF Growth % | - | - | -9750.49% | 111.46% | -187.57% | -406637.31% |
| Net Income | -958.29K | -563.37K | 1.71M | 7.34M | 9.62M | 2.5M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | -2.91B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 0 | -50.24M | -3.87M | -10.55M | -17.58B |
| Working Capital Changes | 958.29K | 54.26K | -1.61M | 2.27M | -4.11M | 3.68M |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | -52.6B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | -156.22B |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 1000K |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | -156.22B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 0 | 85.28M | 85.27M | -8.26M | -3.64M | -519.92K |
| Dividends Paid | 0 | 0 | 0 | -8.26M | -12.42M | -2.19M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 85.28M | 0 | 0 | 9.05M | -1.09M |
| Net Stock Activity | 0 | 85.28M | 0 | 0 | 9.05M | -1.09M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 1000K |
| Other Financing | 0 | 0 | 85.27M | 0 | -274.73K | -21.09M |
| Net Change in Cash | 0▲ 0% | 84.77M▲ 0% | 84.77M▲ 0.0% | -2.51M▼ 103.0% | -8.68M▼ 245.3% | -21B▼ 241829.9% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 0 | 0 | 35.13M | 32.61M | 23.93B |
| Cash at End | 0 | 84.77M | 84.77M | 32.61M | 23.93M | 2.93B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0▲ 0% | -509.11K▲ 0% | -50.15M▼ 9750.5% | 5.75M▲ 111.5% | -5.03M▼ 187.6% | -20.48B▼ 406637.3% |
| FCF Growth % | - | - | -9750.49% | 111.46% | -187.57% | -406637.31% |
LIEN Banking Ratios
Chicago Atlantic BDC, Inc. (LIEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -1.34% | 2% | 8.53% | 4.98% | 0.02% |
| Return on Assets (ROA) | -346.88% | -1.32% | 1.99% | 8.36% | 4.83% | 0.02% |
| Net Interest Margin | 0% | 0.01% | 0% | 13.25% | 6.43% | 0.01% |
| Efficiency Ratio | - | 5692.82% | 49.05% | 26.83% | 46.46% | 13.67% |
| Equity / Assets | -57.81% | 99.44% | 99.43% | 96.59% | 97.29% | 88.72% |
| Book Value / Share | -0.18 | 96.37 | 15.58 | 13.77 | 29.12 | 13.3K |
| NII Growth | - | - | -100% | - | 69.6% | 141.23% |
| Dividend Payout | - | - | - | 112.58% | 129.06% | - |
LIEN SEC Filings & Documents
Chicago Atlantic BDC, Inc. (LIEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
LIEN Frequently Asked Questions
Chicago Atlantic BDC, Inc. (LIEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Chicago Atlantic BDC, Inc. (LIEN) grew revenue by 202.2% over the past year. This is strong growth.
Yes, Chicago Atlantic BDC, Inc. (LIEN) is profitable, generating $33.3M in net income for fiscal year 2025 (61.3% net margin).
Dividend & Returns
Yes, Chicago Atlantic BDC, Inc. (LIEN) pays a dividend with a yield of 1.02%. This makes it attractive for income-focused investors.
Chicago Atlantic BDC, Inc. (LIEN) has a return on equity (ROE) of 0.0%. This is below average, suggesting room for improvement.
Industry Metrics
Chicago Atlantic BDC, Inc. (LIEN) has a net interest margin (NIM) of 0.0%. NIM has been under pressure due to interest rate environment.
Chicago Atlantic BDC, Inc. (LIEN) has an efficiency ratio of 13.7%. This is excellent, indicating strong cost control.
Explore More LIEN
Chicago Atlantic BDC, Inc. (LIEN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates