LIEN · Chicago Atlantic BDC, Inc.
3 customers — 32.5% of receivables (As of March 31, 2026)
“As of March 31, 2026 and December 31, 2025, we had three portfolio companies that represented 32.5% and 31.8% respectively, of our investments, at fair value.”
One customer — 17.8% of receivables (As of March 31, 2026)
“As of March 31, 2026 and December 31, 2025, our largest portfolio company represented 17.8% and 15.7%, respectively, of our investments, at fair value.”
3 customers — 31.8% of receivables (As of December 31, 2025)
“As of March 31, 2026 and December 31, 2025, we had three portfolio companies that represented 32.5% and 31.8% respectively, of our investments, at fair value.”
One customer — 15.7% of receivables (As of December 31, 2025)
“As of March 31, 2026 and December 31, 2025, our largest portfolio company represented 17.8% and 15.7%, respectively, of our investments, at fair value.”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. Chicago Atlantic BDC reported Q2 2026 net investment income of $7.7 million ($0.34/share), down from $10.0 million ($0.44/share) in Q1 2026, with NAV per share slipping to $13.26 from $13.33 as deployment was light at $2.7 million. The company reaffirmed Q4 2026 close of the REFI merger and filed a $500 million shelf registration, with management citing a ~$1.1 billion pipeline and a subsequent $25 million funding.
- + Credit quality remains strong with 0% non-accruals and stable internal risk ratings
- + $500 million shelf registration filed to enhance financial flexibility beyond the credit facility
- + Declared seventh consecutive $0.34 quarterly dividend
- − Q2 net investment income declined to $7.7M ($0.34/share) from $10.0M ($0.44/share) in Q1 on lower fee income and smaller portfolio
- − Light Q2 deployment with $2.7 million funded vs. $32.2 million in repayments, shrinking the portfolio
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Amortization | $5.5M | Three Months Ended June 30, 2026 | — |
| Average Position Size (% of Debt Portfolio) | $8.3M | as of 6/30/26 | — |
| Cash | $0.9M | As of June 30, 2026 | — |
| Internally Agented Deals (% of Portfolio Companies) | 81.1% | as of 6/30/26 | — |
| Investment fundings (portfolio companies / principal) | 1 | Three Months Ended June 30, 2026 | — |
| Investment fundings (principal) | $2.7M | Three Months Ended June 30, 2026 | — |
| LIEN Non-Accruals At Cost | 0% | as of June 30, 2026 | — |
| Loans on non-accrual status (% of portfolio at fair value) | 0% | Three Months Ended June 30, 2026 | — |
| Non-Accruals at Cost (%) | 0% | as of 6/30/26 | — |
| Number of portfolio companies | 37 | Three Months Ended June 30, 2026 | — |
| Outstanding on senior credit facility | $53.5M | As of August 12, 2026 | — |
| Pipeline | $1.1B | Three Months Ended June 30, 2026 | — |
| Portfolio Companies EBITDA (Median) | $12.7M | as of 6/30/26 | — |
| Portfolio Companies Revenue (Median) | $94.6M | as of 6/30/26 | — |
| Refinancing | $0M | Three Months Ended June 30, 2026 | — |
| Repayments | $26.7M | Three Months Ended June 30, 2026 | — |
| Senior credit facility size | $100M | As of June 30, 2026 | — |
| Third quarter 2026 dividend per share | $0.34 | Q3 FY2026 | — |
| Third quarter 2026 total dividend | $7.8M | Q3 FY2026 | — |
| Total liquidity | $47.2M | As of August 12, 2026 | — |
| Total Portfolio Investment Fair Value | $335M | as of June 30, 2026 | — |
| Undrawn borrowings available on senior credit facility | $73M | As of June 30, 2026 | — |
| Weighted average portfolio yield on debt investments | 16% | as of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LIEN
this stock
Chicago Atlantic BDC, Inc.
|
$229.12M | -7.0% | — | 7.2 | 0.6% |
|
BLK
BlackRock, Inc.
|
$347.03B | -0.2% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -26.9% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -26.0% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -20.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LIEN | -6.4% | -7.1% | +3.3% | -7.1% | -7.0% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | -5.2% | -6.7% | -9.7% | -6.7% | -19.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.