Chicago Atlantic Real Estate Finance, Inc. (REFI) Earnings History
Annual and quarterly earnings data from 2021 to 2025
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REFI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
REFI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 86.9% | 57.1% | 57.1% |
| 2024 | 100.0% | 0.0% | 67.6% |
| 2023 | 100.0% | 0.0% | 67.5% |
| 2022 | 100.0% | 0.0% | 66.1% |
| 2021 | 98.5% | 87.5% | 87.5% |
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Chicago Atlantic Real Estate Finance, Inc. (REFI) Earnings Overview
As of May 8, 2026, Chicago Atlantic Real Estate Finance, Inc. (REFI) reported trailing twelve-month net income of $4.87B, reflecting -10.6% year-over-year growth. The company earned $226.51 per diluted share over the past four quarters, with a net profit margin of 57.1%.
Looking at the long-term picture, REFI's historical earnings data spans multiple years. The company achieved its highest annual net income of $39M in fiscal 2023.
Chicago Atlantic Real Estate Finance, Inc. maintains industry-leading profitability with a gross margin of 86.9%, operating margin of 57.1%, and net margin of 57.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SUNS ($12M net income, 46.0% margin), TPVG (-$12M net income, 50.6% margin), IIPR ($120M net income, 43.0% margin), REFI has outperformed on profitability metrics. Compare REFI vs SUNS →
REFI Earnings vs Peers
Earnings metrics vs comparable public companies
REFI Historical Earnings Data (2021–2025)
5 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $36M | -2.8% | $36M | $1.68 | 57.1% | 57.1% |
| 2024 | $37M | -4.3% | $0 | $1.88 | 67.6% | 0.0% |
| 2023 | $39M | +19.9% | $0 | $2.11 | 67.5% | 0.0% |
| 2022 | $32M | +155.0% | $0 | $1.82 | 66.1% | 0.0% |
| 2021 | $13M | - | $13M | $0.54 | 87.5% | 87.5% |
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Start ComparisonREFI — Frequently Asked Questions
Quick answers to the most common questions about buying REFI stock.
Is REFI growing earnings?
REFI EPS fell to $226.51, with earnings declining -10.6%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $4.9B.
What are REFI's profit margins?
Chicago Atlantic Real Estate Finance, Inc. net margin is +57.1%, with operating margin at +57.1%. Above-average margins indicate pricing power.
How consistent are REFI's earnings?
REFI earnings data spans 2021-2025. The declining earnings trend is -10.6% YoY. Historical data enables comparison across business cycles.