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Chicago Atlantic BDC, Inc. (LIEN)

Nasdaq: LIEN · New York, NY · filing with the SEC since 2021
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Grade4.9
◀ Past 4.8● Present 4.3▶ Future 5.8
5 est.
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The grade of Chicago Atlantic BDC, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.9/10
◀ Past4.830% of the headline
● Present4.340% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 4 read as filed from the record and 5 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
6.4/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 64th percentile among 111 sector filers · read for itself

From the record

Chicago Atlantic BDC, Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

SI estimate
5.1/10

What has it actually done, year after year?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 9 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
Fewer than three filed years of revenue on file.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Chicago Atlantic BDC, Inc.'s track record is put at 5.1 of 10 with a confidence of 20 of 100, because fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Shareholder treatment

as filed
2.9/10

How has it treated the people who own it?

Share count grew 91.5% a year. 87% of cash flow returned. Insiders: 0 sales, 18 purchases.

weight 33% of this tense · 29th percentile among 46 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, Chicago Atlantic BDC, Inc.'s diluted share count grew about 91.5% a year, and dividends and buybacks returned about 87% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 18 purchases of their own stock on the open market in the year to 2026-09-30, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 3% of its family
  • cash returned against operating cash flowtop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.

weight 33% of this tense · 59th percentile among 49 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Chicago Atlantic BDC, Inc. earned about 11 cents of profit for every dollar of shareholders' money. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 120.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 5% of its family
  • return on equitytop 19% of its family
  • the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

SI estimate
5.2/10

How strong is its position in its industry?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 12 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
No filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read
No filed revenue on file.
How it was reasoned
family median, 12 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Chicago Atlantic BDC, Inc.'s industry position is put at 5.2 of 10 with a confidence of 20 of 100, because no filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Leadership

as filed
1.8/10

What are the people in charge doing?

bottom 18% of 48 in its family for leadership; chief executive since 2025.

weight 33% of this tense · 18th percentile among 48 sector filers · read for its shareholders

From the record

Chicago Atlantic BDC, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Sack, Peter (Chief Executive Officer, as filed), filing under that title since 2025-03-21, 1.6 years (bottom 26% of its family); most of the 6 officers and directors filing now have filed since the record of its people begins (2024-10-11), a floor of 2.1 years the record cannot see past, so that part is not read; 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 6 peoplebottom 11% of its family
  • the chief executive's years on the record1.6 yearsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 0 of 3 filed, 3 estimated

Room to expand

SI estimate
7.8/10

How much room does it have to grow?

SI estimate 7.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 77th percentile among 51 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 23% of 51 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 51 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Chicago Atlantic BDC, Inc.'s room to expand is put at 7.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 23% of 51 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

SI estimate
5.2/10

What could actually drive growth from here?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 8 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Chicago Atlantic BDC, Inc.'s growth drivers is put at 5.2 of 10 with a confidence of 20 of 100, because the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Expectations vs reality

SI estimate
4.6/10

Did its newest year beat what its own record pointed to?

SI estimate 4.6/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 7 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 7 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Chicago Atlantic BDC, Inc.'s expectations vs reality is put at 4.6 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 7 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LIEN · research, not advice