Chicago Atlantic Real Estate Finance (REFI) Operating Expenses (2022 - 2026)

Chicago Atlantic Real Estate Finance (REFI) has 5 years of Operating Expenses data on file, last reported at $8.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 169.2% year-over-year to $8.1 million; the trailing twelve-month figure through Mar 2026 stood at $24.6 million (up 51.69% YoY), and the FY2025 full-year result was $19.5 million, up 10.19% from the prior year.
• Operating Expenses climbed to $8.1 million in Q1 2026, from $6.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $8.1 million in Q1 2026 to a low of $2.0 million in Q1 2022.
• A 5-year average of $4.7 million and a median of $4.5 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses plunged 33.41% in 2025 and surged 169.2% in 2026, its largest moves.
• Tracing REFI's Operating Expenses over 5 years: stood at $7.5 million in 2022, then slipped by 26.61% to $5.5 million in 2023, then climbed by 8.6% to $6.0 million in 2024, then advanced by 1.63% to $6.1 million in 2025, then jumped by 32.84% to $8.1 million in 2026.
• Business Quant data shows REFI's Operating Expenses at $8.1 million in Q1 2026, $6.1 million in Q4 2025, and $4.8 million in Q3 2025.