CION

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CION Investment Corp.

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Key Metrics

Previous Close: $7.32
52-Week Range: $5.83 – $10.93
Market Cap: $359.18M
P/E (TTM): 121.67
EPS (TTM): 0.06
Dividend Yield: 16.39%

Advanced Metrics

Price/Book: 0.54
PEG Ratio: —
Return on Equity: 0.38%
Return on Assets: 5.94%
Gross Margin: 100.00%
Operating Margin: 76.34%
Profit Margin: 1.17%
Current Ratio: 2.46
Debt/Equity: 1.74
Total Debt: $1.16B
Free Cash Flow: $69.52M
Revenue Growth: -4.70%
Earnings Growth: 20.20%
Enterprise Value: $1.51B

CION Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$61.14M	$106.61M	$45.95M	-$9.20M
Selling, General & Admin	$9.50M	$10.44M	$11.45M	$11.01M
Operating Expenses	$10.63M	$11.35M	$11.94M	$11.51M
Pretax Income	$50.51M	$95.26M	$34.01M	-$20.72M
Income Tax	$372.00K	-$54.00K	$107.00K	-$85.00K
Net Income	$50.14M	$95.31M	$33.90M	-$20.63M
Diluted EPS	0.89	1.74	0.63	-0.39
Diluted Shares	56.56M	54.69M	53.56M	52.34M

CION Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$82.74M	$8.41M	$7.67M	$8.16M
Receivables	$28.82M	$37.69M	$48.10M	$31.68M
Total Assets	$1.87B	$2.00B	$1.95B	$1.85B
Total Debt	$951.32M	$1.08B	$1.10B	$1.13B
Total Liabilities	$988.78M	$1.12B	$1.12B	$1.15B
Retained Earnings	-$160.97M	-$153.52M	-$200.93M	-$296.92M
Shareholders' Equity	$883.63M	$879.56M	$820.81M	$707.63M
Net Debt	$868.58M	$1.07B	$1.09B	$1.12B

CION Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$35.28M	-$97.15M	$88.19M	$76.83M
Free Cash Flow	$35.28M	-$97.15M	$88.19M	$76.83M
Financing Cash Flow	$43.69M	$22.83M	-$88.94M	-$76.34M
Dividends Paid	-$66.64M	-$91.96M	-$89.48M	-$78.02M
Share Repurchases	-$15.44M	-$11.52M	-$11.35M	-$17.19M
Net Change in Cash	$78.97M	-$74.32M	-$745.00K	$489.00K

CION Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	-$39.59M	$29.91M	$38.66M	-$38.18M	-$19.60M
Selling, General & Admin	$3.00M	$2.46M	$2.76M	$2.79M	$3.21M
Operating Expenses	$3.12M	$2.59M	$2.87M	$2.94M	$3.34M
Pretax Income	-$42.70M	$27.33M	$35.78M	-$41.12M	-$22.94M
Income Tax	$0.00	$10.00K	-$95.00K	$0.00	$89.00K
Net Income	-$42.70M	$27.32M	$35.88M	-$41.12M	-$23.03M
Diluted EPS	-0.80	0.52	0.69	-0.80	-0.45
Diluted Shares	53.07M	52.63M	52.07M	51.62M	50.80M

CION Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$7.72M	$6.53M	$3.93M	$8.16M	$9.25M
Receivables	$41.91M	$48.65M	$36.41M	$31.68M	$33.29M
Total Assets	$1.90B	$1.88B	$1.88B	$1.85B	$1.84B
Total Debt	$1.10B	$1.10B	$1.08B	$1.13B	$1.16B
Total Liabilities	$1.14B	$1.12B	$1.11B	$1.15B	$1.18B
Retained Earnings	-$262.78M	-$254.40M	-$237.25M	-$296.92M	-$335.19M
Shareholders' Equity	$756.78M	$758.61M	$772.51M	$707.63M	$659.64M
Net Debt	$1.09B	$1.10B	$1.07B	$1.12B	$1.15B

CION Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$6.09M	$43.45M	$44.38M	-$17.09M	-$4.55M
Free Cash Flow	$6.09M	$43.45M	$44.38M	-$17.09M	-$4.55M
Financing Cash Flow	-$6.04M	-$44.64M	-$46.98M	$21.32M	$5.64M
Dividends Paid	-$2.66M	-$38.08M	-$18.73M	-$18.55M	-$15.24M
Share Repurchases	-$2.17M	-$6.56M	-$3.26M	-$5.21M	-$9.72M
Net Change in Cash	$50.00K	-$1.19M	-$2.60M	$4.23M	$1.09M

Market Snapshot

About

CION Investment Corporation is a business development company (BDC) that provides financing solutions to middle-market companies in the United States. The company primarily invests in senior secured debt, unitranche loans, and equity securities of private companies across various industries. Headquartered in New York City, CION Investment focuses on lending to established businesses with proven management teams and sustainable cash flows. As a BDC, the company is required to distribute substantially all of its taxable income to shareholders as dividends, making it an income-focused investment vehicle.