Chicago Atlantic BDC (LIEN) Operating Expenses (2022 - 2025)
Chicago Atlantic BDC (LIEN) reported Operating Expenses of $8.0 million for Q4 2025, up 70.86% year-over-year from $4.7 million in Q4 2024, and up 42.63% on a QoQ basis from $5.6 million in Q3 2025.
Chicago Atlantic BDC (LIEN) has 4 years of Operating Expenses data on file, last reported at $8.0 million in Q4 2025.
- Quarterly Operating Expenses rose 70.86% year-over-year to $8.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $24.0 million (up 96.64% YoY) and the FY2025 annual result came in at $23.2 million, up 90.16% from the prior year.
- Operating Expenses advanced to $8.0 million in Q4 2025 per LIEN's latest filing, from $5.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $8.0 million in Q4 2025 and bottomed at $225604.0 in Q1 2022.
- The 4-year median for Operating Expenses is $2.4 million (2023), against an average of $3.0 million.
- Peak annual rise in Operating Expenses reached 299.0% in 2025, while the deepest fall reached 50.51% in 2025.
- Tracing LIEN's Operating Expenses over 4 years: stood at $630102.0 in 2022, then jumped by 205.14% to $1.9 million in 2023, then soared by 142.24% to $4.7 million in 2024, then soared by 70.86% to $8.0 million in 2025.
- Per Business Quant, the three latest LIEN Operating Expenses figures stand at $8.0 million (Q4 2025), $5.6 million (Q3 2025), and $6.2 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Chicago Atlantic BDC | 226.72 Mn | 223.82 Mn | 14.07 Mn | 7.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.96 Mn |
| Sep 30, 2025 | 5.58 Mn |
| Jun 30, 2025 | 6.21 Mn |
| Mar 31, 2025 | 4.27 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 | 630,102.00 |
| Jun 30, 2022 | 588,346.00 |
| Mar 31, 2022 | 225,604.00 |