Every 10-Q that Chicago Atlantic BDC Inc (LIEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LIEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LIEN filings page.
Chicago Atlantic BDC, Inc. reported total assets of $343.96 million and net assets of $302.49 million as of June 30, 2026, implying a net asset value (NAV) of $13.26 per share, slightly below $13.30 at year-end 2025.
For the six months ended June 30, 2026, total investment income rose to $30.67 million from $25.00 million a year earlier, driving net investment income of $17.62 million, up from $15.31 million. Expenses also increased, including interest expense of $2.03 million versus $0.45 million, and total expenses of $13.06 million versus $11.46 million. After $3.02 million of net unrealized depreciation on investments, the net increase in net assets from operations was $14.60 million, down from $16.20 million.
The company generated $12.14 million of net cash from operating activities compared with a use of cash in the prior-year period, while maintaining $27.0 million outstanding on its revolving credit facility. The portfolio is concentrated in first lien senior secured loans and senior secured notes, heavily weighted to cannabis borrowers with all-in rates generally in the low-to-high teens. Management also discusses a pending merger with Chicago Atlantic Real Estate Finance, Inc. and related shareholder, regulatory and integration risks.
Chicago Atlantic BDC, Inc. reported solid first-quarter 2026 results with higher investment income and stable net asset value. Total investment income rose to $16.7M from $11.9M a year earlier, driven by its predominantly first-lien, senior secured lending portfolio, heavily concentrated in the U.S. cannabis sector.
Net investment income increased to $10.0M, or $0.44 per share, compared with $7.6M, or $0.34 per share, in the prior-year quarter. After a $1.4M unrealized loss on investments, the net increase in net assets from operations was $8.5M, or $0.37 per share.
Total investments at fair value reached $364.0M (mainly U.S. and Canadian corporate debt), up from $333.3M at year-end 2025, while total assets were $373.1M. Net assets were $304.2M, and net asset value per share was $13.33, slightly above $13.30 at December 31, 2025.
Chicago Atlantic BDC, Inc. (LIEN) reported stronger Q3 results. For the quarter ended September 30, 2025, total investment income was $15,070,603 and net investment income reached $9,491,121, driving a net increase in net assets from operations of $8,834,061. NAV per share was $13.27, up from $13.20 at December 31, 2024.
Year to date, total investment income was $40,073,643 and net investment income was $24,804,149, resulting in a $25,032,683 net increase in net assets from operations. The company recorded an unrealized depreciation of $657,060 in Q3. A revolving line of credit showed $11,000,000 outstanding at quarter end, and distributions payable were $7,759,001. Through the first nine months, distributions to stockholders totaled $23,276,871. As of November 11, 2025, 22,820,590 shares were outstanding.