The earnings call highlighted the record-breaking new debt investments and the company's ability to maintain a strong dividend coverage with a higher-than-average yield. Despite unexpected loan repayments and some market challenges in the cannabis sector, Chicago Atlantic BDC remains well-positioned with low leverage and no non-accruals.
Company Guidance
During the third quarter of 2025, Chicago Atlantic BDC, Inc. showcased strong performance, with net investment income per share reaching 42¢, translating to a 12.5% yield to book value. The company achieved a new originations record by funding $66.7 million in 13 new investments, of which seven were new borrowers, enhancing portfolio diversification. The weighted average yield on debt investments was a robust 15.8%, significantly higher than the average BDC yield of 11.4%. The portfolio was 99.5% senior secured, and the balance of fixed to floating interest rates improved to 31% fixed and 69% floating, minimizing interest rate risks. The company maintained a low leverage with only $11 million of debt and no non-accruals, compared to an industry average of 3.5%. Additionally, a 34¢ dividend was declared for the fifth consecutive quarter, well-covered by the earnings. Chicago Atlantic BDC, Inc. continues to focus on diversifying its portfolio and managing interest rate sensitivity while maintaining its investment in the underserved cannabis and lower middle markets, with approximately $97.8 million in liquidity available for future deployments.
Record New Debt Investments
Chicago Atlantic BDC funded $66.7 million to 13 new investments, setting a new originations record and improving portfolio diversification.
Above-Market Yield
The weighted average yield on debt investments was 15.8%, significantly higher than the average BDC yield of 11.4%.
Strong Dividend Coverage
Announced a 34¢ dividend for the fifth consecutive quarter, well covered by a net investment income per share of 42¢.
Low Leverage and High Liquidity
The portfolio is under-levered with only $11 million of debt, and the company has approximately $97.8 million of liquidity available.
No Non-Accruals
Chicago Atlantic BDC reported no non-accruals compared to an industry average of 3.5%.
Chicago Atlantic BDC (LIEN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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%
Mar 31, 2025
$10.74
$10.56
-1.68%
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, Inc. (LIEN) report earnings?
Chicago Atlantic Bdc, Inc. (LIEN) is schdueled to report earning on Apr 01, 2026, Before Open (Confirmed).
What is Chicago Atlantic Bdc, Inc. (LIEN) earnings time?
Chicago Atlantic Bdc, Inc. (LIEN) earnings time is at Apr 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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