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 quarter-over-quarter from 98.95% in Q3 2025.
Chicago Atlantic BDC (LIEN) Gross Margin (2022 - 2025) Analysis & Trends
Chicago Atlantic BDC (LIEN) has 4 years of Gross Margin data on file, last reported at 98.91% in Q4 2025.
- Gross Margin for Q4 2025 came in at 98.91%, down 11.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 98.85% (up 83.0% YoY), and the FY2025 annual result was 98.85%, up 83.0% from the prior year.
- Gross Margin steadied at 98.91% in Q4 2025 per LIEN's latest filing, from 98.95% in the prior quarter.
- Over five years, Gross Margin peaked at 99.3% in Q2 2023 and troughed at 91.32% in Q4 2022.
- A 4-year average of 96.84% and a median of 97.8% in 2024 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 704 bps in 2024 and fell as far as 299 bps in 2024.
- A 4-year view of Gross Margin shows it stood at 91.32% in 2022, then rose by 1 bps to 91.98% in 2023, then grew by 8 bps to 99.02% in 2024, then fell by 0 bps to 98.91% in 2025.
- Business Quant data shows LIEN's Gross Margin at 98.91% in Q4 2025, 98.95% in Q3 2025, and 98.7% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 99.70% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Chicago Atlantic BDC | 230.94 Mn | 228.04 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% |