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

Chicago Atlantic Real Estate Finance has disclosed Operating Expenses across 5 years of filings, most recently posting $8.1 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $8.1 million, up 169.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $24.6 million (up 51.69% YoY), and the FY2025 annual result was $19.5 million, up 10.19% from the prior year.
• Operating Expenses came in at $8.1 million for Q1 2026 at Chicago Atlantic Real Estate Finance, up 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.
• The 5-year median for Operating Expenses is $4.5 million (2024), against an average of $4.7 million.
• Across the five-year window, Operating Expenses slumped 33.41% in 2025 and surged 169.2% in 2026, its largest moves.
• Chicago Atlantic Real Estate Finance's Operating Expenses stood at $7.5 million in 2022, then dropped by 26.61% to $5.5 million in 2023, then grew by 8.6% to $6.0 million in 2024, then climbed by 1.63% to $6.1 million in 2025, then surged by 32.84% to $8.1 million in 2026.
• The last three Operating Expenses figures came in at $8.1 million (Q1 2026), $6.1 million (Q4 2025), and $4.8 million (Q3 2025), per Business Quant data.