Chicago Atlantic Real Estate Finance (REFI) Total Debt (2021 - 2026)
Chicago Atlantic Real Estate Finance's Total Debt came in at $91.1 million for Q2 2026, up 27.9% from $71.2 million a year earlier and up 35.9% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, Chicago Atlantic Real Estate Finance's Total Debt was $49.1 million, down 10.7% from FY2024.
- Total Debt carries a three-year compound annual growth rate of -5.4% (FY2022 to FY2025).
- Going back by year, Total Debt was $55 million in FY2024 (-16.7%), $66 million in FY2023 (+13.8%) and $58 million in FY2022.
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2021.
- Year-over-year, Total Debt increased in two of the last eight quarters, with an average decline of 0.1%.
- The fastest year-over-year change in Total Debt over five years came in Q1 2023 (growth of 426.3%), and the weakest in Q1 2025 (a decline of 53.2%).
- Business Quant data shows REFI's Total Debt at $67.05 million (Q1 2026), $49.1 million (Q4 2025) and $52.4 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 16.64 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 39.58 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 8.96 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 3.33 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 7.52 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 395.89 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 34.37 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - | 91.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 91.10 Mn |
| Mar 31, 2026 | 67.05 Mn |
| Dec 31, 2025 | 49.10 Mn |
| Sep 30, 2025 | 52.40 Mn |
| Jun 30, 2025 | 71.20 Mn |
| Mar 31, 2025 | 38.00 Mn |
| Dec 31, 2024 | 55.00 Mn |
| Sep 30, 2024 | 54.00 Mn |
| Jun 30, 2024 | 76.75 Mn |
| Mar 31, 2024 | 81.25 Mn |
| Dec 31, 2023 | 66.00 Mn |
| Sep 30, 2023 | 63.00 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | 37.50 Mn |
| Dec 31, 2022 | 58.00 Mn |
| Sep 30, 2022 | 53.00 Mn |
| Jun 30, 2022 | 53.41 Mn |
| Mar 31, 2022 | 7.13 Mn |
| Dec 31, 2021 | 4.54 Mn |
API Access
Chicago Atlantic Real Estate Finance Total Debt 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=total-debt&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();