Chicago Atlantic BDC, Inc. Earnings Per Share Disclosure
NOTE 10 — EARNINGS PER SHARE
The following table sets forth the computation of the weighted average basic and diluted net increase (decrease) in net assets per share resulting from operations for the years ended December 31, 2025, 2024 and 2023:
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For the Years ended December 31, |
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2025 |
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2024 |
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2023 |
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Net increase (decrease) in net assets resulting |
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$ |
33,279,179 |
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$ |
9,622,538 |
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$ |
7,340,108 |
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Weighted Average Shares Outstanding - basic |
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22,820,489 |
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|
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10,343,621 |
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|
|
6,214,682 |
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Net increase (decrease) in net assets resulting from |
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$ |
1.46 |
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|
$ |
0.93 |
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|
$ |
1.18 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 19, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 28, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.