Chicago Atlantic Real Estate Finance, Inc. (REFI)

REFI Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	29.41	36.01	37.05	38.71	32.29	12.66
Other Amortization	0.35	0.41	0.26	0.55	0.56	0.1
Loss (Gain) From Sale of Investments	0.43	-0.17	0.17	-0.18	-	-
Provision for Credit Losses	5.05	0.73	-0.58	0.94	3.89	0.2
Stock-Based Compensation	3.66	3.37	3.06	1.48	0.44	0.04
Change in Accounts Payable	0.67	-0.32	0.51	0.17	0.76	0.27
Change in Other Net Operating Assets	-0.47	1.03	-6	-1.01	-10.14	-2.25
Other Operating Activities	-10.39	-9.72	-10.84	-12.44	-9.8	-1.86
Operating Cash Flow	26.92	28.79	23.16	28.42	17.01	8.89
Operating Cash Flow Growth	11.63%	24.32%	-18.50%	67.11%	91.23%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Decrease (Increase) in Loans Originated / Sold - Investing	-28.13	8.74	-39.3	-1.93	-125.24	-193.63
Investing Cash Flow	-28.13	8.74	-39.3	-1.93	-125.24	-193.63

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	50	-	-	-
Long-Term Debt Issued	-	142.1	159	82	58	-
Total Debt Issued	195.95	142.1	209	82	58	-
Long-Term Debt Repaid	-	-148	-170	-74	-	-
Net Debt Issued (Repaid)	19.85	-5.9	39	8	58	-
Issuance of Common Stock	-	1.03	39.59	7.22	4.51	301.38
Common Dividends Paid	-40.63	-43.84	-41.63	-39.13	-28.17	-6.85
Other Financing Activities	-0.22	-0.27	-2.32	-0.4	-0.63	-2.79
Financing Cash Flow	-21	-48.98	34.64	-24.31	33.71	291.73

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-22.21	-11.45	18.5	2.18	-74.53	107

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	6.09	6.94	6.21	5.03	1.66	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

Data Sources Report a data error