Chicago Atlantic Real Estate Finance (REFI) EBITDA (2022 - 2026)
Chicago Atlantic Real Estate Finance (REFI) posted EBITDA of $7.8 million for Q1 2026, down 16.57% sequentially from $9.4 million in Q4 2025, and down 35.28% YoY from $12.1 million in Q1 2025.
Chicago Atlantic Real Estate Finance (REFI) EBITDA (2022 - 2026) Analysis & Trends
Chicago Atlantic Real Estate Finance has reported EBITDA for 5 years, with the latest figure at $7.8 million in Q1 2026.
- Quarterly EBITDA fell 35.28% year-over-year to $7.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.7 million (down 13.68% YoY) and the FY2025 annual result came in at $43.6 million, down 1.45% from the prior year.
- EBITDA eased to $7.8 million in Q1 2026 per REFI's latest filing, from $9.4 million in the prior quarter.
- Over five years, EBITDA peaked at $13.0 million in Q3 2024 and troughed at $7.8 million in Q1 2026.
- A 5-year average of $10.2 million and a median of $10.6 million in 2022 frame the typical range for EBITDA.
- The sharpest annual moves came in 2023 and 2026: EBITDA jumped 56.3% in 2023, then sank 35.28% in 2026.
- Over 5 years, EBITDA stood at $8.6 million in 2022, then advanced by 25.56% to $10.8 million in 2023, then dropped by 20.01% to $8.7 million in 2024, then gained by 8.32% to $9.4 million in 2025, then retreated by 16.57% to $7.8 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $7.8 million, $9.4 million, and $10.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 2.16 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 365.81 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 288.38 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 148.42 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 145.66 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 55.05 Mn |
| 10 | Chicago Atlantic Real Estate Finance | 219.65 Mn | 206.30 Mn | - | 9.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.86 Mn |
| Mar 31, 2026 | 7.84 Mn |
| Dec 31, 2025 | 9.39 Mn |
| Sep 30, 2025 | 10.50 Mn |
| Jun 30, 2025 | 10.95 Mn |
| Mar 31, 2025 | 12.11 Mn |
| Dec 31, 2024 | 8.67 Mn |
| Sep 30, 2024 | 13.01 Mn |
| Jun 30, 2024 | 11.02 Mn |
| Mar 31, 2024 | 10.83 Mn |
| Dec 31, 2023 | 10.84 Mn |
| Sep 30, 2023 | 11.43 Mn |
| Jun 30, 2023 | 9.64 Mn |
| Mar 31, 2023 | 12.31 Mn |
| Dec 31, 2022 | 8.63 Mn |
| Sep 30, 2022 | 10.63 Mn |
| Jun 30, 2022 | 8.24 Mn |
| Mar 31, 2022 | 7.88 Mn |