NYSE : CION
CION Investment Corporation — Financial statements
Financials · Asset Management · United States
Last price 6.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 343.93M
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Financial statements
CION Investment Corporation (CION) reported revenue of 231.83M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 20.16M | 20.07M | 17.89M | 11.69M | 9.54M | 5.93M |
| Other Revenue | 211.67M | 220.75M | 234.54M | 239.32M | 185.35M | 151.42M |
| Revenue | 231.83M | 240.82M | 252.43M | 251.01M | 194.90M | 157.35M |
| Gross Profit | 231.83M | 240.82M | 252.43M | 251.01M | 194.90M | 157.35M |
| Selling, General & Admin | 54.78M | 57.33M | 59.59M | 60.49M | 56.70M | 50.89M |
| Operating Expenses | 54.78M | 57.33M | 59.59M | 60.49M | 56.70M | 50.89M |
| Operating Income | 177.05M | 183.50M | 192.84M | 190.52M | 138.20M | 106.46M |
| Interest Expense | -93.15M | -90.54M | -96.87M | -85.56M | -49.62M | -31.81M |
| Currency Exchange Gain (Loss) | -3.00K | -3.00K | ||||
| EBT Excluding Unusual Items | 83.90M | 92.95M | 95.97M | 104.97M | 88.57M | 74.65M |
| Gain (Loss) on Sale of Investments | -81.19M | -113.67M | -61.96M | -9.71M | -38.06M | 44.46M |
| Pretax Income | 2.71M | -20.72M | 34.01M | 95.26M | 50.51M | 119.11M |
| Income Tax Expense | -2.00K | -85.00K | 107.00K | -54.00K | 372.00K | 342.00K |
| Net Income | 2.71M | -20.63M | 33.90M | 95.31M | 50.14M | 118.76M |
| Net Income to Common | 2.71M | -20.63M | 33.90M | 95.31M | 50.14M | 118.76M |
| Shares Outstanding (Basic) | 51.03M | 52.34M | 53.56M | 54.69M | 56.56M | 56.81M |
| Shares Outstanding (Diluted) | 51.03M | 52.34M | 53.56M | 54.69M | 56.56M | 56.81M |
| EPS (Basic) | 0.05 | -0.39 | 0.63 | 1.74 | 0.89 | 2.09 |
| EPS (Diluted) | 0.05 | -0.39 | 0.63 | 1.74 | 0.89 | 2.09 |
| Dividend Per Share | 1.32 | 1.44 | 1.42 | 1.36 | 1.18 | 1.06 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 76.37% | 76.20% | 76.39% | 75.90% | 70.91% | 67.66% |
| Profit Margin | 1.17% | -8.57% | 13.43% | 37.97% | 25.73% | 75.48% |
| EBIT | 177.05M | 183.50M | 192.84M | 190.52M | 138.20M | 106.46M |
| EBIT Margin | 76.37% | 76.20% | 76.39% | 75.90% | 70.91% | 67.66% |
| Effective Tax Rate | 0.32% | 0.74% | 0.29% | |||
| Revenue as Reported | 231.83M | 240.82M | 252.43M | 251.01M | 194.90M | 157.35M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.66M | 8.16M | 7.67M | 8.41M | 82.74M | 3.77M |
| Cash & Short-Term Investments | 7.66M | 8.16M | 7.67M | 8.41M | 82.74M | 3.77M |
| Accounts Receivable | 36.16M | 31.68M | 48.10M | 37.69M | 27.54M | 24.40M |
| Other Receivables | 1.27M | |||||
| Receivables | 36.16M | 31.68M | 48.10M | 37.69M | 28.82M | 24.40M |
| Prepaid Expenses | 2.77M | 1.97M | 1.26M | 1.35M | 825.00K | 466.00K |
| Total Current Assets | 46.59M | 41.81M | 57.04M | 47.45M | 112.38M | 28.64M |
| Long-Term Investments | 1.80B | 1.81B | 1.89B | 1.95B | 1.76B | 1.75B |
| Total Assets | 1.85B | 1.85B | 1.95B | 2.00B | 1.87B | 1.78B |
| Accounts Payable | 3.80M | 3.31M | 2.05M | 5.73M | 1.01M | 13.25M |
| Accrued Expenses | 15.17M | 18.25M | 20.98M | 23.89M | 21.51M | 16.55M |
| Other Current Liabilities | 27.00K | 2.70M | 10.84M | 14.93M | ||
| Total Current Liabilities | 18.97M | 21.59M | 25.73M | 40.46M | 37.45M | 29.80M |
| Long-Term Debt | 1.16B | 1.13B | 1.10B | 1.08B | 951.32M | 822.37M |
| Total Liabilities | 1.18B | 1.15B | 1.12B | 1.12B | 988.78M | 852.17M |
| Common Stock | 49.00K | 51.00K | 53.00K | 54.00K | 55.00K | 57.00K |
| Additional Paid-In Capital | 986.78M | 1.00B | 1.02B | 1.03B | 1.04B | 1.06B |
| Retained Earnings | -319.05M | -296.92M | -200.93M | -153.52M | -160.97M | -129.53M |
| Shareholders' Equity | 667.78M | 707.63M | 820.81M | 879.56M | 883.63M | 930.51M |
| Total Liabilities & Equity | 1.85B | 1.85B | 1.95B | 2.00B | 1.87B | 1.78B |
| Total Debt | 1.16B | 1.13B | 1.10B | 1.08B | 951.32M | 822.37M |
| Net Cash (Debt) | -1.15B | -1.12B | -1.09B | -1.07B | -868.58M | -818.60M |
| Net Cash Per Share | -22.58 | -21.35 | -20.38 | -19.63 | -15.36 | -14.41 |
| Filing Date Shares Outstanding | 49.20M | 50.50M | 53.03M | 53.84M | 55.02M | 56.96M |
| Total Common Shares Outstanding | 49.20M | 51.42M | 53.19M | 54.18M | 55.30M | 56.96M |
| Working Capital | 27.62M | 20.22M | 31.31M | 6.99M | 74.93M | -1.16M |
| Book Value Per Share | 13.57 | 13.76 | 15.43 | 16.23 | 15.98 | 16.34 |
| Tangible Book Value | 667.78M | 707.63M | 820.81M | 879.56M | 883.63M | 930.51M |
| Tangible Book Value Per Share | 13.57 | 13.76 | 15.43 | 16.23 | 15.98 | 16.34 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.71M | -20.63M | 33.90M | 95.31M | 50.14M | 118.76M |
| Other Amortization | 7.95M | 7.52M | 5.59M | 4.07M | 3.17M | 2.80M |
| Loss (Gain) From Sale of Investments | 55.22M | 88.02M | 45.19M | -3.80M | 27.03M | -56.20M |
| Other Operating Activities | 77.95M | 51.55M | -22.13M | -81.69M | -112.22M | -113.82M |
| Change in Accounts Receivable | 127.00K | -253.00K | -12.51M | -16.32M | -983.00K | -1.06M |
| Change in Accounts Payable | 2.62M | 1.26M | -3.67M | 4.72M | -12.24M | 12.42M |
| Change in Other Net Operating Assets | -102.25M | -50.64M | 41.83M | -99.44M | 80.38M | -12.16M |
| Operating Cash Flow | 44.32M | 76.83M | 88.19M | -97.15M | 35.28M | -49.25M |
| Long-Term Debt Issued | 192.50M | 302.50M | 237.34M | 127.50M | 276.00M | |
| Long-Term Debt Repaid | -170.00M | -277.50M | -102.50M | -171.00M | ||
| Net Debt Issued (Repaid) | 57.50M | 22.50M | 25.00M | 134.84M | 127.50M | 105.00M |
| Repurchase of Common Stock | -26.18M | -17.19M | -11.35M | -11.52M | -15.44M | -10.47M |
| Common Dividends Paid | -67.36M | -78.02M | -89.48M | -91.96M | -66.64M | -56.04M |
| Other Financing Activities | -7.15M | -3.63M | -13.11M | -8.54M | -1.73M | -5.38M |
| Financing Cash Flow | -43.19M | -76.34M | -88.94M | 22.83M | 43.69M | 33.11M |
| Net Cash Flow | 1.13M | 489.00K | -745.00K | -74.32M | 78.97M | -16.14M |
| Levered Free Cash Flow | 69.52M | 77.20M | 40.51M | 63.29M | 61.42M | 63.31M |
| Unlevered Free Cash Flow | 119.79M | 126.26M | 95.46M | 112.69M | 89.26M | 80.39M |
| Cash Interest Paid | 88.09M | 85.44M | 93.31M | 79.03M | 42.93M | 27.13M |
| Change in Working Capital | -99.50M | -49.63M | 25.64M | -111.05M | 67.16M | -798.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 347.86M | 499.66M | 607.46M | 614.13M | 540.41M | 744.45M |
| Enterprise Value | 1.50B | 1.57B | 1.63B | 1.61B | 1.45B | 1.54B |
| Last Close Price | 6.99 | 8.43 | 8.63 | 7.51 | 5.55 | 6.51 |
| PE Ratio | 133.28 | 17.92 | 6.44 | 10.78 | 6.27 | |
| Forward PE | 6.04 | 7.27 | 8.07 | 6.86 | 6.92 | 9.51 |
| PS Ratio | 1.48 | 2.08 | 2.41 | 2.45 | 2.77 | 4.73 |
| PB Ratio | 0.52 | 0.71 | 0.74 | 0.70 | 0.61 | 0.80 |
| P/TBV Ratio | 0.52 | 0.71 | 0.74 | 0.70 | 0.61 | 0.80 |
| P/OCF Ratio | 7.76 | 6.50 | 6.89 | 15.32 | ||
| PEG Ratio | 8.09 | 8.09 | 6.86 | 6.92 | 9.51 | |
| EV/Sales Ratio | 6.45 | 6.54 | 6.47 | 6.40 | 7.43 | 9.78 |
| EV/EBIT Ratio | 8.45 | 8.58 | 8.47 | 8.44 | 10.47 | 14.46 |
| Debt / Equity Ratio | 1.74 | 1.59 | 1.34 | 1.23 | 1.08 | 0.88 |
| Net Debt / Equity Ratio | 1.73 | 1.58 | 1.33 | 1.22 | 0.98 | 0.88 |
| Asset Turnover | 0.12 | 0.13 | 0.13 | 0.13 | 0.11 | 0.09 |
| Quick Ratio | 2.31 | 1.84 | 2.17 | 1.14 | 2.98 | 0.95 |
| Current Ratio | 2.46 | 1.94 | 2.22 | 1.17 | 3.00 | 0.96 |
| Return on Equity (ROE) | 0.38% | -2.70% | 3.99% | 10.81% | 5.53% | 13.13% |
| Return on Assets (ROA) | 5.94% | 6.04% | 6.11% | 6.15% | 4.73% | 3.92% |
| Return on Invested Capital (ROIC) | 9.76% | 9.82% | 9.95% | 10.29% | 7.84% | 6.38% |
| Return on Capital Employed (ROCE) | 9.70% | 10.00% | 10.00% | 9.70% | 7.50% | 6.10% |
| Earnings Yield | 0.75% | -4.13% | 5.58% | 15.52% | 9.28% | 15.95% |
| Dividend Yield | 16.97% | 14.82% | 12.43% | 12.00% | 12.07% | 8.10% |
| Payout Ratio | 2,262.23% | 263.94% | 96.48% | 132.91% | 47.19% | |
| Buyback Yield / Dilution | 3.89% | 2.28% | 2.05% | 3.31% | 0.44% | 0.02% |
| Total Shareholder Return | 21.06% | 17.10% | 14.48% | 15.31% | 12.52% | 8.12% |