10-Q quarterly report · filed Aug 11, 2026

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2026 10-Q Quarterly Report

Short answer

Chicago Atlantic Real Estate Finance, Inc. (REFI) filed its Q2 2026 10-Q quarterly report on Aug 11, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $15M (down 7.8% year over year) with net income of $7M.

Q2 2026 key financials · XBRL

Revenue
$15M
−7.8% YoY · +0.4% QoQ
Net income
$7M
−15.8% YoY · +54.4% QoQ
EPS (diluted)
$0.34
−19.0% YoY · +47.8% QoQ

Source: XBRL data from the Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2026 10-Q on SEC EDGAR. USD.

Chicago Atlantic Real Estate Finance, Inc. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New merger risk triggered by June 17, 2026 agreement with LIEN, requiring stockholder, regulatory, and third-party approvals
  • Most material update: REFI’s planned BDC election, replacing REIT regulation with leverage, affiliate-transaction, and portfolio-composition limits
  • Regulatory risk: merger requires REFI’s majority-of-the-minority stockholder approval and Rule 17a-8 approvals
  • Operational risk: merger pendency may divert management attention, disrupt borrower relationships, and impair employee retention
  • Financial risk: exchange-ratio changes from credit losses, loan valuations, and July 2026 issuance may reduce shares received by REFI stockholders

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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