Chicago Atlantic BDC (LIEN) Operating Expenses (2022 - 2026)
Chicago Atlantic BDC (LIEN) posted Operating Expenses of $6.0 million for Q4 2025, up 2.61% sequentially from $5.8 million in Q3 2025, and up 27.99% YoY from $4.7 million in Q4 2024.
Chicago Atlantic BDC (LIEN) Operating Expenses (2022 - 2026) Analysis & Trends
Chicago Atlantic BDC has reported Operating Expenses for 4 years, with the latest figure at $6.0 million in Q4 2025.
- Quarterly Operating Expenses rose 27.99% year-over-year to $6.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $22.4 million (up 83.68% YoY) and the FY2025 annual result came in at $23.2 million, up 90.16% from the prior year.
- Operating Expenses advanced to $6.0 million in Q4 2025 per LIEN's latest filing, from $5.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $6.0 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slipped 9.98% in 2023, then surged 248.1% in 2025.
- Over 4 years, Operating Expenses 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 advanced by 27.99% to $6.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.0 million, $5.8 million, and $5.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Chicago Atlantic BDC | 223.53 Mn | 222.60 Mn | 13.83 Mn | 6.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.32 Mn |
| 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 |