The company has undergone a major structural shift, reducing its total debt from $372.1M in 2024Q1 to zero by 2026Q1 while simultaneously seeing total assets contract to $473.3M.
| Total Assets | 473.27M | 460.05M | 491.98M | 625.54M | 46.12M | 417.96M | 226.67M | 141.21M | 10.64K | 10.18K | 8.42M | 30.8M |
| Asset Growth % | -37.39% | -6.49% | -21.35% | 1256.29% | -88.97% | 84.39% | 60.52% | 1326449.98% | 4.61% | -99.88% | -72.65% | - |
| Real Estate & Other Assets | 0 | 0 | -4.31M | 4.74M | -566.05M | -2.17M | -1.43M | -1.42M | -87.21M | -68M | -38.77M | 83.99K |
| PP&E (Net) | 3.09M | 3.16M | 3.22M | 3.37M | 4.12M | 2.17M | 1.43M | 1.42M | 1.19M | 501.82K | 397.45K | 0 |
| Investment Securities | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 17.17M | 15.98M | 0 | 550.56B | 54.6M | 0 | 0 | 0 | 167.32M | 133.16M | 74.43M | 0 |
| Cash & Equivalents | 11.56M | 10.92M | 18.07M | 12.6M | 23.71M | 41.94M | 19.41M | 18.84M | 171.68K | 1.07M | 1.56M | 1.83M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | -86.37M | -601.12M | 565.66M | -408.39M | -216.23M | -131.49M | 86.01M | 67.49M | 38.37M | -30.71M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 307.66M | 285.11M | 310.32M | 395.46M | 41.09K | 237.88M | 145.75M | 58.65M | 15.44K | 15.42K | 28.49M | 6.57M |
| Total Debt | 0 | 0 | 301.24M | 371.69M | 477.05K | 213.58M | 138.78M | 56.34M | 0 | 0 | 0 | 6M |
| Net Debt | -11.56M | -10.92M | 283.17M | 359.09M | -23.24M | 171.64M | 119.37M | 37.49M | -171.68K | -1.07M | -1.56M | 4.17M |
| Long-Term Debt | 0 | 0 | 227.53M | 283.43M | 4.36M | 161.31M | 110.72M | 56.32M | 1.06M | 1.11M | 290.46K | 6M |
| Short-Term Borrowings | 0 | 0 | 73.71M | 88.25M | 280.81M | 52.27M | 28.06M | 17.25K | 27.5M | 10.13M | 8.42M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 88.25M | 288M | 76.21M | 0 | 0 | 60.71M | 23.06M | 18.31M | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 4.15M | 3.85M | 4.64M | 2.1M | 1.21M | 33.21M | 12.93M | 9.88M | 190.02K |
| Other Liabilities | 0 | 285.11M | -227.53M | 19.13M | -50.48M | -165.95M | -112.82M | -57.52M | -81.31M | -65.67M | -36.06M | 375.95K |
| Total Equity | 165.61M | 174.94M | 181.65M | 230.07M | 813.47M | 180.08M | 80.92M | 82.56M | 113.35M | 76.57M | 45.23M | 24.23M |
| Equity Growth % | -54.45% | -3.7% | -21.05% | -71.72% | 351.72% | 122.55% | -1.99% | -27.16% | 48.03% | 69.29% | 86.68% | - |
| Shareholders Equity | 165.61M | 174.94M | 181.65M | 230.07M | 565.66M | 180.08M | 80.92M | 82.56M | 86.01M | 67.49M | 38.37M | 24.23M |
| Minority Interest | 0 | 0 | 0 | 0 | 247.81M | 0 | 0 | 0 | 27.34M | 9.08M | 6.86M | 0 |
| Common Stock | 48K | 48K | 47K | 46.77K | 0 | 32.73K | 22.13K | 22.12K | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 256.96M | 0 | 0 | 185.52M | 83.81M | 83.86M | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | -75.35M | -20.12M | 217.71M | -4.99M | -2.89M | -1.27M | 52.8M | 54.57M | 28.49M | 0 |
| Preferred Stock | 2K | 2K | 2K | 2.03K | 0 | 1.9K | 0 | 0 | 0 | 1.24M | 0 | 0 |
| Return on Assets (ROA) | 0.22% | 1.33% | -7.08% | 4.73% | 9.01% | 4.13% | 4.89% | 8.77% | 74653.33% | 115.27% | 15.56% | 7.49% |
| Return on Equity (ROE) | 0.62% | 3.54% | -19.22% | 3.05% | 4.21% | 10.21% | 11% | 6.33% | 8.18% | 7.98% | 8.78% | 9.52% |
| Debt / Assets | 0% | - | 61.23% | 59.42% | 1.03% | 51.1% | 61.22% | 39.89% | - | - | - | 19.48% |
| Debt / Equity | 0.00x | - | 1.66x | 1.62x | 0.00x | 1.19x | 1.71x | 0.68x | - | - | - | 0.25x |
| Net Debt / EBITDA | -12.26x | -1.73x | - | 7.77x | -0.54x | 6.95x | 7.76x | 3.75x | -0.02x | -0.22x | -0.44x | 1.63x |
| Book Value per Share | 3.51 | 3.73 | 3.83 | 5.20 | 21.55 | 6.84 | 3.66 | 4.25 | 7.35 | 6.40 | 4.07 | 2.10 |
High Portfolio Credit Volatility
According to recent financial statements, Sachem Capital Corp.'s total assets have declined from $626.5M in 2024Q1 to $473.3M in 2026Q1, reflecting a significant reduction in the company's lending footprint as it navigates a challenging credit environment and attempts to stabilize its balance sheet.
The reduction in total assets suggests a strategic pivot toward capital preservation rather than portfolio expansion. Investors should monitor whether this contraction is a deliberate effort to improve asset quality or a forced response to limited access to cost-effective capital markets.
Based on reported figures, the company transitioned from a debt-heavy structure with $372.1M in total debt during 2024Q1 to a position where debt was effectively absent by 2026Q1, indicating a major shift in how the firm funds its underlying mortgage loan portfolio.
The rapid elimination of debt may imply that the company is struggling to refinance its maturing unsecured notes or is intentionally deleveraging to mitigate interest rate risk. This transition warrants further investigation into the sustainability of the firm's lending capacity without traditional debt-based leverage.
As reported in quarterly filings, the company's cash position has fluctuated significantly, dropping from a peak of $103.1M in 2024Q1 to $12.4M in 2026Q1, which suggests a narrowing margin of safety for funding new originations or managing potential loan defaults.
The decline in cash reserves appears to limit the company's operational flexibility, particularly given the high-touch nature of its bridge lending business. This liquidity profile may force management to prioritize capital preservation over new loan originations, potentially impacting future interest income generation.
Based on the provided balance sheet data, shareholder equity has contracted from $237.4M in 2024Q1 to $165.6M in 2026Q1, reflecting the cumulative impact of net losses and potential dividend distributions that have outpaced the company's ability to generate retained earnings.
The persistent decline in equity suggests that the company's core business model is currently failing to create value for shareholders. Investors should monitor whether this trend continues, as it may indicate a long-term impairment of the firm's book value and overall financial health.
Quick answers to the most common questions about buying SCCG stock.
As of 2025, Sachem Capital Corp. 8.00% Note (SCCG) had total assets of $460.0M including $16.0M in current assets.
Sachem Capital Corp. 8.00% Note (SCCG) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sachem Capital Corp. 8.00% Note (SCCG) has total shareholders' equity (book value) of $174.9M ($3.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.