Chicago Atlantic BDC Reports Strong Q1 2025 Earnings

Silver Spike Investment Corp. ( (LIEN) ) has released its Q1 earnings. Here is a breakdown of the information Silver Spike Investment Corp. presented to its investors.

Chicago Atlantic BDC, Inc., formerly known as Silver Spike Investment Corp., is a specialty finance company that focuses on investing in complex and regulated industries, particularly the cannabis sector, through direct loans to privately held companies. The company operates as a business development company and is managed by Chicago Atlantic BDC Advisers, LLC.

In its latest earnings report for the quarter ended March 31, 2025, Chicago Atlantic BDC, Inc. reported a net increase in net assets resulting from operations of $7.6 million, compared to $519,811 in the same period last year. The company also highlighted a significant increase in investment income, which rose to $11.9 million from $2.8 million in the previous year.

Key financial performance metrics include a net investment income of $7.6 million and a net asset value per share of $13.19. The company’s total assets amounted to $313.7 million, with investments at fair value totaling $289.3 million. The company also reported a decrease in cash and cash equivalents, which stood at $14.9 million, down from $23.9 million at the end of 2024.

Looking ahead, Chicago Atlantic BDC, Inc. remains focused on maximizing risk-adjusted returns for its shareholders by capitalizing on growth opportunities within the cannabis industry and other complex sectors. The company aims to achieve its investment objectives through secured debt, unsecured debt, equity warrants, and direct equity investments in privately held businesses.