Chicago Atlantic BDC, Inc. (LIEN) Revenue History
Annual and quarterly revenue from 2020 to present
LIEN Revenue Over Time (2020–2025)
LIEN Revenue Growth History
4 of 4 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +40075.4%
- FY2023 revenue growth
- +147.9%
- FY2024 revenue growth
- +79.1%
- FY2025 revenue growth
- +202.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $16.7M | — |
| Q4 2025 | $10.7M | — |
| Q3 2025 | $10.8M | — |
| Q2 2025 | $10.5M | — |
| Q1 2025 | $8.7M | — |
| Q4 2024 | $9.9M | — |
| Q3 2024 | $2.8M | — |
| Q2 2024 | $2.3M | — |
Multi-year avg. share of annual revenue by fiscal quarter
LIEN Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 28, 2026, Chicago Atlantic BDC, Inc. (LIEN) generated trailing twelve-month (TTM) revenue of $48.7 million, reflecting explosive growth of +91.6% year-over-year. The most recent quarter (Q1 2026) recorded $16.7 million in revenue, up 56.2% sequentially.
Historical Growth Trajectory
LIEN's historical revenue data shows a 3-year CAGR of +137.6%. Chicago Atlantic BDC, Inc.'s highest annual revenue of $54.3 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including REFI (+9.0% YoY), TPVG, and SUNS (+133.7% YoY) — LIEN has outperformed the peer group in revenue growth. Compare LIEN vs REFI →
LIEN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LIENCurrent | $49M | +91.6% | - | 63.6% | |
 REFI | $63M | +9.0% | - | 57.1% | |
 TPVG | $97M | - | - | 77.9% | |
 SUNS | $26M | +133.7% | - | 64.2% | |
 CSWC | $246M | - | - | 76.9% | |
 FDUS | $159M | - | - | 76.1% |
LIEN Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $54.3M | - | $42.0M | 77.3% | $34.5M | 63.6% |
| 2024 | $18.0M | - | $18.0M | 100.0% | $9.6M | 53.5% |
| 2023 | $10.0M | - | $10.0M | 100.0% | $7.3M | 73.2% |
| 2022 | $4.0M | - | $4.0M | 100.0% | $2.1M | 51.0% |
| 2021 | $10K | - | $10K | 100.0% | $-563,365 | -5592.8% |
| 2020 | $0 | - | $0 | - | $-958,290 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
LIEN — Frequently Asked Questions
Quick answers to the most common questions about buying LIEN stock.
Is LIEN's revenue growth accelerating or slowing?
LIEN revenue growth is accelerating. TTM revenue reached $49M, up +91.6% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is LIEN's revenue history from 2020 to 2026?
Chicago Atlantic BDC, Inc. (LIEN) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $49M, growing at +91.6% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LIEN's long-term revenue growth rate (CAGR)?
Chicago Atlantic BDC, Inc.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +91.6% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LIEN.
Why does LIEN's quarterly revenue fluctuate?
LIEN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Chicago Atlantic BDC, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is LIEN's revenue distributed by segment?
LIEN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LIEN's revenue compare to industry peers?
Chicago Atlantic BDC, Inc. (LIEN) with TTM revenue of $49M and +91.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.