Chicago Atlantic BDC (LIEN) Operating Expenses (2022 - 2025)
Chicago Atlantic BDC (LIEN) reported Operating Expenses of $6.0 million for Q4 2025, up 27.99% on a YoY basis from $4.7 million in Q4 2024, and up 2.61% sequentially from $5.8 million in Q3 2025.
Chicago Atlantic BDC (LIEN) Operating Expenses (2022 - 2025) Analysis & Trends
Chicago Atlantic BDC (LIEN) has 4 years of Operating Expenses data on file, last reported at $6.0 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 27.99% year-over-year to $6.0 million; the trailing twelve-month figure through Dec 2025 stood at $22.4 million (up 83.68% YoY), and the FY2025 full-year result was $23.2 million, up 90.16% from the prior year.
- Operating Expenses advanced to $6.0 million in Q4 2025, from $5.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.0 million in Q4 2025 to a low of $225604.0 in Q1 2022.
- A 4-year average of $3.0 million and a median of $2.4 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses retreated 9.98% in 2023 and soared 248.1% in 2025, its largest moves.
- Tracing LIEN's Operating Expenses over 4 years: stood at $1.4 million in 2022, then soared by 33.14% to $1.9 million in 2023, then soared by 142.24% to $4.7 million in 2024, then increased by 27.99% to $6.0 million in 2025.
- Business Quant data shows LIEN's Operating Expenses at $6.0 million in Q4 2025, $5.8 million in Q3 2025, and $5.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Chicago Atlantic BDC | 214.74 Mn | 211.81 Mn | -40.16 Mn | 5.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.96 Mn |
| Sep 30, 2025 | 5.81 Mn |
| Jun 30, 2025 | 5.42 Mn |
| Mar 31, 2025 | 5.25 Mn |
| Dec 31, 2024 | 4.66 Mn |
| Sep 30, 2024 | 3.16 Mn |
| Jun 30, 2024 | 1.56 Mn |
| Mar 31, 2024 | 2.84 Mn |
| Dec 31, 2023 | 1.92 Mn |
| Sep 30, 2023 | 1.30 Mn |
| Jun 30, 2023 | 994,287.00 |
| Sep 30, 2022 | 1.44 Mn |
| Jun 30, 2022 | 813,950.00 |
| Mar 31, 2022 | 225,604.00 |