Here are the 10-Q quarterly reports from Silver Spike Investment Corp. (SSIC) in our archive since June 2025, 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 SSIC 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 SSIC filings page.
Chicago Atlantic BDC, Inc. (formerly Silver Spike Investment Corp.) completed its Loan Portfolio Acquisition last year and reported total assets of $331,750,419 at June 30, 2025, up from $309,561,041 at year-end 2024. Investments at fair value increased to $307,499,004 from $275,241,398, and total net assets were $301,843,563 with a net asset value per share of $13.23 versus $13.20 at December 31, 2024.
Operating results for the period show substantially higher interest and fee income, producing net investment income of $7.66 million for the quarter and $15.31 million year-to-date. The company recorded a net increase in net assets from operations of $8.58 million for the quarter and $16.20 million for six months. Liquidity tightened as cash fell to $13.83 million from $23.93 million, while total liabilities rose to $29.91 million including a $5.0 million revolving line of credit, $11.76 million payable for investments purchased and $7.76 million distributions payable. The portfolio remains concentrated in the cannabis sector, representing approximately 78.5% of fair value, and three portfolio companies represent 39.5% of investment fair value as of June 30, 2025.