Chicago Atlantic Real Estate Finance (REFI) Net Income (2022 - 2026)

Chicago Atlantic Real Estate Finance (REFI) reported Net Income of $4.8 million for Q1 2026, down 51.8% on a YoY basis from $10.0 million in Q1 2025, and down 40.66% sequentially from $8.2 million in Q4 2025.

Chicago Atlantic Real Estate Finance (REFI) Net Income (2022 - 2026) Analysis & Trends

Chicago Atlantic Real Estate Finance (REFI) has 5 years of Net Income data on file, last reported at $4.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Income fell 51.8% year-over-year to $4.8 million; the trailing twelve-month figure through Mar 2026 stood at $30.8 million (down 19.68% YoY), and the FY2025 full-year result was $36.0 million, down 2.79% from the prior year.
  • Net Income retreated to $4.8 million in Q1 2026, from $8.2 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $11.2 million in Q3 2024 to a low of $4.8 million in Q1 2026.
  • A 5-year average of $8.8 million and a median of $8.9 million in 2025 frame the typical range for Net Income.
  • Across the five-year window, Net Income soared 37.01% in 2023 and tumbled 51.8% in 2026, its largest moves.
  • Tracing REFI's Net Income over 5 years: stood at $7.3 million in 2022, then rose by 29.52% to $9.4 million in 2023, then slipped by 15.73% to $7.9 million in 2024, then gained by 3.0% to $8.2 million in 2025, then slumped by 40.66% to $4.8 million in 2026.
  • Business Quant data shows REFI's Net Income at $4.8 million in Q1 2026, $8.2 million in Q4 2025, and $8.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 290.52 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 57.42 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 109.48 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - -6.34 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 89.90 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 32.25 Mn
10 Chicago Atlantic Real Estate Finance 212.49 Mn 184.63 Mn - 4.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.84 Mn
Dec 31, 2025 8.16 Mn
Sep 30, 2025 8.93 Mn
Jun 30, 2025 8.88 Mn
Mar 31, 2025 10.04 Mn
Dec 31, 2024 7.92 Mn
Sep 30, 2024 11.21 Mn
Jun 30, 2024 9.18 Mn
Mar 31, 2024 8.73 Mn
Dec 31, 2023 9.40 Mn
Sep 30, 2023 9.98 Mn
Jun 30, 2023 8.64 Mn
Mar 31, 2023 10.69 Mn
Dec 31, 2022 7.26 Mn
Sep 30, 2022 9.77 Mn
Jun 30, 2022 7.46 Mn
Mar 31, 2022 7.80 Mn