Chicago Atlantic BDC, Inc.

LIENNASDAQFinancial Services● Active

$9.81

+$0.02(+0.20%)

Market Cap$223869988

P/E Ratio—

52W High$11.44

52W Low$8.92

Avg Volume71K

Open$9.80

Beta0.26

Overview

Chicago Atlantic BDC, Inc. (LIEN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LIEN · free cash flow · updated Jun 9, 2026

Core FCF metrics

LIEN · FCF · TTM · margin & CAGR

Free cash flow was −$20.5M for FY2025 (fiscal year ending 2025-12-31), down 306.7% year-over-year The FCF margin was -37.7%.

FY2025 Free Cash Flow−$20.5M▼ -306.7% YoY

Trailing 12M (TTM)−$13.8Mtrailing 4 quarters sum

FCF Margin-37.7%−$20.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LIEN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$20.5M(0M)−$20.5M▼ 306.7%-37.7%

FY2024−$5.0M(0M)−$5.0M▼ 187.6%-28.0%

FY2023$5.7M(0M)$5.7M▲ +111.5%57.3%

FY2022−$50.1M(0M)−$50.1M▼ 9750.5%—

FY2022−$509,110(0M)−$509,110——

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LIEN · P/FCF · FCF yield · FCF per share

Chicago Atlantic BDC, Inc. (LIEN) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LIEN · cash flow statement · operating / investing / financing

For FY2025, Chicago Atlantic BDC, Inc. generated −$20.5M in operating cash flow and spent 0M in capital expenditures, yielding −$20.5M in free cash flow.

Operating Activities

−$20.5M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$0.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$20.5M) − |CapEx| (0M) = FCF (−$20.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

LIEN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Chicago Atlantic BDC, Inc.YOU

LIEN

−$20.5M-306.7%-37.7%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Chicago Atlantic BDC, Inc. (LIEN) reported free cash flow of −$20.5M for FY2025 (fiscal year ending 2025-12-31), down 306.7% year-over-year. The FCF margin was -37.7%.

Based on available data, Chicago Atlantic BDC, Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $5.7M in FY2023.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LIEN free cash flow · 8 questions

Chicago Atlantic BDC, Inc. free cash flow was −$20.5M for FY2025, down 306.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$13.8M.

LIEN free cash flowLIEN FCFLIEN FCF 2025LIEN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Chicago Atlantic BDC, Inc. · Chicago Atlantic BDC, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026