profit from every $100 of sales.
$0$100
Chicago Atlantic BDC
$9.10+0.28% today
-9.8% in 1 year
1-year low $9.011-year high $11.22
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $6.24 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Chicago Atlantic BDC sold, what it kept, and what it did with the cash.
Sales went from $10,073 in 2022 to $40.5 million in 2025, with $33.3 million of profit last year.
SalesProfit
Chicago Atlantic BDC vs. similar companies
Chicago Atlantic BDC grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Chicago Atlantic BDC | 6.2× · Cheap | ||
 BlackRock | 33.8× · Expensive | ||
 Blackstone | 50.7× · Expensive | ||
 Investor | 8.4× · Cheap | ||
 Brookfield | 73.4× · Very expensive |
AI analysis
An AI analyst reads Chicago Atlantic BDC's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 0 | 10 | 18 | 41 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -1 | 7 | 10 | 33 | |
| -0.64 | 1.18 | 0.93 | 1.46 | |
| – | – | – | – | |
| – | – | – | – | |
| -5,592.8% | 73.2% | 53.5% | 82.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 85 | 89 | 310 | 342 |
| Cash | 85 | 33 | 24 | 3 |
| Total debt | – | – | – | 25 |
| Total liabilities | 0 | 3 | 8 | 39 |
| 85 | 86 | 301 | 303 | |
| 1 | 6 | 10 | 23 | |
| – | – | – | – | |
| -0.7% | 8.6% | 3.2% | 11.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -1 | 6 | -5 | -20 | |
| – | – | – | – | |
| -1 | 6 | -5 | -20 | |
| Dividends paid | – | 8 | 12 | 23 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 6.2×
- 6.2×
- –
- 0.7×
- 5.1×
- –
- –
- -9.9%
- 16.0%
- 13.9%
Profitability
- 90.6%
- 72.3%
- 82.1%
- 72.3%
- 9.4%
- 4.6%
- 11.3%
- 9.2%
- 9.4%
- –
Growth
- +1,490.5%
- –
- −306.7%
- –
- +125.8%
Financial health
- 1.5×
- 0.18
- 14.6%
- 23.4×
- –
- –
- 0.13
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 25%of 843
Top 8%of 730
Top 9%of 866
Bottom 10%of 921
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 14, 2026 | 0.44 | 0.36 | +22.2% |
| Mar 19, 2026 | 0.36 | 0.36 | +0.0% |
| Nov 13, 2025 | 0.42 | 0.35 | +20.0% |
| Aug 14, 2025 | 0.34 | 0.36 | −5.6% |
| May 14, 2025 | -0.34 | 0.34 | −200.0% |
| Mar 31, 2025 | 0.35 | 0.29 | +20.7% |
| Nov 7, 2024 | -0.03 | -0.02 | −50.0% |
| Aug 8, 2024 | 0.25 | 0.07 | +257.1% |
13.9%of the share price, paid each year
On $1,000 invested$139a year at today's yield, before tax
–per share
Raised1 yearin a row, in our data
Paid per share, each year
$1.33 in 2023 → $1.36 in 2025
How safe it looks
69.9% of its profit
Room to growStretchedMore than it earns: -113.7%
News
Home prices in Chicago have jumped more over the past year than in any other U.S. cityMarketWatch · Aug 28, 2026Chicago Atlantic BDC expects REFI merger to close in Q4 2026 as combined book equity targets north of $600MSeeking Alpha · Aug 13, 2026The newest story we have is from Aug 28, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
73Pass
Philip Fisher
68Pass
Peter Lynch
100Pass
Joel Greenblatt
46No pass
Charlie Munger
50No pass
Terry Smith
45No pass
Questions about Chicago Atlantic BDC
Is Chicago Atlantic BDC a good stock to buy?
A strong, very profitable business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Chicago Atlantic BDC AI analysis
What does Chicago Atlantic BDC do?
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It is in Asset Management.
Does Chicago Atlantic BDC pay a dividend?
Yes. At today's price the dividend is 13.9% a year, about 70% of its yearly profit. In 2025 it paid out $23.3 million in dividends.
Is Chicago Atlantic BDC stock halal?
No. Chicago Atlantic BDC does not pass our halal screen: it looks like an interest-income fund. How we check
How has Chicago Atlantic BDC stock done over the past year?
Down 9.8% over the past twelve months, to $9.10. It traded between $9.01 and $11.22 and is 18.9% below its high.
Who are Chicago Atlantic BDC's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Chicago Atlantic BDC's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.