REFI $9.93 -0.90%

REFI · Chicago Atlantic Real Estate Finance, Inc.

$9.93 -0.09 (-0.90%) At close · Oct 1

Russell 2000 member Rebalance outlook locked

Customer concentration — top 3 customers 23.2% of revenue

3 customers — 23.2% of revenue (six months ended June 30, 2026)

“As of and for the six months ended June 30, 2026 and 2025, the top three borrowers represented approximately 23.2% and 26.0% of the total interest income, respectively.”

3 customers — 26% of revenue (six months ended June 30, 2025)

“As of and for the six months ended June 30, 2026 and 2025, the top three borrowers represented approximately 23.2% and 26.0% of the total interest income, respectively.”

3 customers — 31.5% of receivables (June 30, 2026)

“Our total loan portfolio as of June 30, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 31.5% and 25.6% of principal outstanding, respectively.”

One customer — 11.8% of receivables (June 30, 2026)

“The largest loan represented approximately 11.8% and 11.1% of principal outstanding as of June 30, 2026 and December 31, 2025, respectively.”

3 customers — 25.6% of receivables (December 31, 2025)

“Our total loan portfolio as of June 30, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 31.5% and 25.6% of principal outstanding, respectively.”

One customer — 11.1% of receivables (December 31, 2025)