Chicago Atlantic Real Estate Finance (REFI) Shares Outstanding (Diluted) (2021 - 2026)
Chicago Atlantic Real Estate Finance (REFI) recorded Shares Outstanding (Diluted) of 21.71 million in Q2 2026, up 1.1% from 21.49 million a year earlier and up 1.1% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Chicago Atlantic Real Estate Finance reported Shares Outstanding (Diluted) of 21.43 million, up 8.7% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for four straight years, with a four-year compound annual growth rate of 35.0% (FY2021 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 19.71 million in FY2024 (+7.5%), 18.34 million in FY2023 (+3.4%), 17.75 million in FY2022 (+175.1%) and 6.45 million in FY2021.
- The Q2 2026 figure is the highest quarterly Shares Outstanding (Diluted) in data going back to Q4 2021.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for 15 consecutive quarters, with growth averaging 6.9% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 1.0% (Q1 2026) to 175.1% (Q4 2022).
- Per Business Quant, the preceding three quarters came in at 21.48 million (Q1 2026), 21.43 million (Q4 2025) and 21.49 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.84 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 1.12 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 556.90 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 5.89 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 348.85 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 334.10 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 85.05 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 740.26 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 718.00 Mn |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - | 21.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.71 Mn |
| Mar 31, 2026 | 21.48 Mn |
| Dec 31, 2025 | 21.43 Mn |
| Sep 30, 2025 | 21.49 Mn |
| Jun 30, 2025 | 21.49 Mn |
| Mar 31, 2025 | 21.26 Mn |
| Dec 31, 2024 | 19.71 Mn |
| Sep 30, 2024 | 20.06 Mn |
| Jun 30, 2024 | 19.89 Mn |
| Mar 31, 2024 | 18.64 Mn |
| Dec 31, 2023 | 18.34 Mn |
| Sep 30, 2023 | 18.56 Mn |
| Jun 30, 2023 | 18.27 Mn |
| Mar 31, 2023 | 17.96 Mn |
| Dec 31, 2022 | 17.75 Mn |
| Sep 30, 2022 | 17.75 Mn |
| Jun 30, 2022 | 17.75 Mn |
| Mar 31, 2022 | 17.74 Mn |
| Dec 31, 2021 | 6.45 Mn |
API Access
Chicago Atlantic Real Estate Finance Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();