Chicago Atlantic Real Estate Finance (REFI) EV to CFO (2022 - 2026)
Chicago Atlantic Real Estate Finance's EV to CFO was 7.99 in Q2 2026, down 25.5% from 10.72 a year earlier and down 7.8% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) EV to CFO (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Chicago Atlantic Real Estate Finance's EV to CFO was 5.33 through Jun 30, 2026, down 40.4% year-over-year; for FY2025, it came in at 8.46, down 33.6% from FY2024.
- In earlier years, EV to CFO was 12.73 in FY2024 (+26.2%), 10.08 in FY2023 (-34.6%), 15.41 in FY2022 (-0.7%) and 15.51 in FY2021.
- The Q2 2026 figure marks the lowest quarterly EV to CFO in data going back to Q4 2022.
- Compared with a year earlier, EV to CFO has declined for three straight quarters, with an average decline of 3.4% over the last eight quarters.
- The best year-over-year quarter for EV to CFO over five years was Q1 2025 (growth of 49.6%); the worst was Q1 2024 (a decline of 45.6%).
- Per Business Quant data, REFI's EV to CFO in the three quarters before Q2 2026 was 8.66 (Q1 2026), 8.46 (Q4 2025) and 9.98 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.99 |
| Mar 31, 2026 | 8.66 |
| Dec 31, 2025 | 8.46 |
| Sep 30, 2025 | 9.98 |
| Jun 30, 2025 | 10.72 |
| Mar 31, 2025 | 12.45 |
| Dec 31, 2024 | 12.73 |
| Sep 30, 2024 | 8.08 |
| Jun 30, 2024 | 9.93 |
| Mar 31, 2024 | 8.33 |
| Dec 31, 2023 | 10.08 |
| Sep 30, 2023 | 14.76 |
| Jun 30, 2023 | 11.95 |
| Mar 31, 2023 | 15.30 |
| Dec 31, 2022 | 15.41 |
API Access
Chicago Atlantic Real Estate Finance EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "REFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();