Chicago Atlantic BDC (LIEN) Gross Margin (2022 - 2025)
Chicago Atlantic BDC (LIEN) reported Gross Margin of 98.91% for Q4 2025, down 11.0% year-over-year from 111.14% in Q4 2024, and little changed on a QoQ basis from 98.95% in Q3 2025.
Chicago Atlantic BDC (LIEN) has 4 years of Gross Margin data on file, last reported at 98.91% in Q4 2025.
- Quarterly Gross Margin fell 11.0% year-over-year to 98.91% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 98.85% (up 83.0% YoY) and the FY2025 annual result came in at 98.85%, up 83.0% from the prior year.
- Gross Margin held at 98.91% in Q4 2025 per LIEN's latest filing, from 98.95% in the prior quarter.
- Across five years, Gross Margin topped out at 99.3% in Q2 2023 and bottomed at 91.32% in Q4 2022.
- The 4-year median for Gross Margin is 97.8% (2024), against an average of 96.84%.
- Peak annual rise in Gross Margin reached 704 bps in 2024, while the deepest fall reached 299 bps in 2024.
- Tracing LIEN's Gross Margin over 4 years: stood at 91.32% in 2022, then grew by 1 bps to 91.98% in 2023, then advanced by 8 bps to 99.02% in 2024, then dropped by 0 bps to 98.91% in 2025.
- Per Business Quant, the three latest LIEN Gross Margin figures stand at 98.91% (Q4 2025), 98.95% (Q3 2025), and 98.7% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | - |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 99.70% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 93.51% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Chicago Atlantic BDC | 226.72 Mn | 223.82 Mn | 14.07 Mn | 98.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 98.91% |
| Sep 30, 2025 | 98.95% |
| Jun 30, 2025 | 98.70% |
| Mar 31, 2025 | 98.79% |
| Dec 31, 2024 | 99.02% |
| Sep 30, 2024 | 96.62% |
| Jun 30, 2024 | 96.31% |
| Mar 31, 2024 | 96.90% |
| Dec 31, 2023 | 91.98% |
| Sep 30, 2023 | 99.24% |
| Jun 30, 2023 | 99.30% |
| Dec 31, 2022 | 91.32% |
| Sep 30, 2022 | 96.20% |
| Jun 30, 2022 | 93.49% |