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Chicago Atlantic BDC (LIEN)
NASDAQ:LIEN
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.33Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong portfolio fundamentals—high yields (15.8%), predominantly senior secured loans (99.5%), zero nonaccruals, low leverage (0.08x), a growing pipeline (~$732M), maintained dividend ($0.34) and ample liquidity (~$47.5M). These positives outweighed transitory quarter-over-quarter income declines driven by nonrecurring fees and broad negative market sentiment impacting the BDC sector. Management highlighted disciplined underwriting, limited sector overlap with troubled private credit areas, and positioning to capitalize on cannabis industry M&A and policy developments while acknowledging regulatory uncertainty and market valuation headwinds.Company Guidance
High Yielding Portfolio
Weighted-average yield on debt investments of 15.8% as of 12/31/2025 vs. 10.8% average public BDC yield (difference +5.0 percentage points, ~+46.3% relative), demonstrating above-market pricing power.
Strong Credit Quality and Capital Preservation
99.5% of portfolio is senior secured (vs. industry mix with 24.9% in subordinated/equity/JV), only 3% exposure to software, and zero nonaccrual loans (industry average nonaccruals ~3.3%).
Low Interest-Rate Sensitivity and Structural Protections
73% of the portfolio at par is fixed-rate or floating at floor, insulating the portfolio from rate declines; company estimates a 100 bps drop in rates would reduce NII by ~1%.
Conservative Leverage Profile
Extremely low leverage with $25.0M of debt outstanding and a 0.08x debt-to-equity ratio as of quarter end, compared with a BDC average of ~1.2x; ample unused capacity on a $100M credit facility.
Maintained Dividend and Net Investment Income (NII) Track Record
Declared a $0.34 quarterly dividend (sixth consecutive quarter at that rate); full-year dividends totaled $1.36 per share. Q4 NII of $0.36 per share and full-year NII $1.45 per share.
Originations and Pipeline Growth
Funded $31.7M across seven new investments in Q4 (four new borrowers); YTD 2026 funded $93.9M (to seven borrowers) with $55.7M in payoffs and ~ $40M net originations. Pipeline expanded from ~ $600M last quarter to ~ $732M (≈+22%), including ~$616M cannabis and ~$116M non-cannabis opportunities.
Liquidity Position
Approximately $47.5M of liquidity as of 03/18/2026 (≈ $25.5M borrowing capacity under credit facility and ≈ $22.0M cash), providing capacity to deploy capital selectively.
Transparent Valuation Process
Uses a third-party valuation provider to value every position each quarter (more frequent/consistent third-party valuation than many peers), supporting transparency and discipline.
Stable NAV
Net assets of $303.4M and NAV per share of $13.30 at quarter end, up from $13.27 in the prior quarter (+$0.03, +0.23%).
LIEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LIEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $9.90 | $10.10 | +2.02% |
Nov 13, 2025 | $10.04 | $10.35 | +3.09% |
Aug 14, 2025 | $10.09 | $10.12 | +0.30% |
May 14, 2025 | $9.28 | $9.14 | -1.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chicago Atlantic BDC (LIEN) report earnings?
Chicago Atlantic BDC (LIEN) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Chicago Atlantic BDC (LIEN) earnings time?
Chicago Atlantic BDC (LIEN) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIEN EPS forecast?
LIEN EPS forecast for the fiscal quarter 2026 (Q1) is 0.36.