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Chicago Atlantic BDC, Inc.

SELECTED FINANCIAL ITEMS LIEN
(in millions of USD)
CQ4 '24 CQ1 '25 CQ2 '25 CQ3 '25 LTM
Income Statement Key Items
Total Revenue 12.65 11.92 13.08 15.07 52.72
Gross Profit 12.65 11.92 13.08 15.07 52.72
Gross Margin 100% 100% 100% 100% 100%
EBIT 8.23 7.48 7.17 9.60 32.49
EBIT Margin 65% 63% 55% 64% 62%
Net Income to Common Shareholders 7.97 7.61 8.58 8.83 33.01
Net Margin 63% 64% 66% 59% 63%

Balance Sheet Key Items
Total Assets 309.56 313.70 331.75 327.25 327.25
Cash & Short Term Investments 23.93 14.92 13.83 10.46 10.46
% of Assets 8% 5% 4% 3% 3%
Current Assets -Total 34.32 24.44 24.25 15.86 15.86
% of Assets 11% 8% 7% 5% 5%
Total Liabilities 8.40 12.68 29.91 24.33 24.33
% of Assets 3% 4% 9% 7% 7%
Current Liabilities - Total 8.35 12.40 29.63 24.14 24.14
% of Assets 3% 4% 9% 7% 7%
Long Term Debt NA NA NA NA NA
% of Assets NM NM NM NM NM
Total Equity 301.16 301.02 301.84 302.92 302.92
% of Assets 97% 96% 91% 93% 93%

Cash Flow Statement Key Items
Net Cash Flow - Operating Activities (7.33) (7.26) 1.95 (1.39) (14.04)
Net Cash Flow - Investing NA NA NA NA 0.00
Net Cash Flow - Financing 1.15 (1.75) (3.04) (1.97) (5.61)

Source: Capital IQ

PRICE / VOLUME

Source: Channelchek/QuoteMedia

Noble Capital Markets' Twenty-First Annual Emerging Growth Equity Conference