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
DateValue
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