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6Apr 6, 2026·SEC
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CION Investment Corporation (CION) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CION Investment Corporation (CION) stock price & volume — 10-year historical chart
CION Investment Corporation (CION) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CION Investment Corporation (CION) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.35vs $0.39-10.3% | $54Mvs $52M+3.9% |
| Q4 2025 | Nov 6, 2025 | $0.74vs $0.35+111.4% | $61Mvs $52M+17.0% |
| Q3 2025 | Aug 7, 2025 | $0.32vs $0.34-5.9% | $20Mvs $51M-61.4% |
| Q2 2025 | May 8, 2025 | $0.36vs $0.37-2.7% | $17Mvs $54M-130.4% |
CION Investment Corporation (CION) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
CION Investment Corporation (CION) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CION Investment Corporation (CION) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 122.43M | 139.88M | 142.06M | 115.6M | 113.67M | 134.27M | 145.35M | 68.92M | 130.21M |
| NII Growth % | 56.94% | 14.25% | 1.56% | -18.63% | -1.67% | 18.12% | 8.25% | -52.59% | 88.94% |
| Net Interest Margin % | 6.74% | 7.34% | 7.85% | 7.16% | 6.38% | 7.17% | 7.26% | 3.54% | 235.85% |
| Interest Income | 145.5M | 185.5M | 191.59M | 152.44M | 145.48M | 183.9M | 230.91M | 165.79M | 220.75M |
| Interest Expense | 23.07M | 45.62M | 49.53M | 36.84M | 31.81M | 49.62M | 85.56M | 96.87M | 90.54M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39.05M |
| Non-Interest Income | -27.25M | -99.42M | -82.51M | -117.81M | 18.31M | -73.13M | -38.74M | -22.97M | -19.5M |
| Non-Interest Income % | -23.05% | -115.49% | -75.64% | -340.15% | 11.18% | -66.03% | -20.16% | -16.08% | -9.69% |
| Total Revenue | 118.25M▲ 0% | 86.08M▼ 27.2% | 109.08M▲ 26.7% | 34.63M▼ 68.3% | 163.79M▲ 372.9% | 110.76M▼ 32.4% | 192.17M▲ 73.5% | 142.82M▼ 25.7% | 201.25M▲ 40.9% |
| Revenue Growth % | -10.73% | -27.2% | 26.72% | -68.25% | 372.92% | -32.37% | 73.5% | -25.68% | 40.91% |
| Non-Interest Expense | 9.28M | 9.15M | 7.7M | 8.55M | 12.87M | 10.63M | 11.35M | 11.94M | 79.94M |
| Efficiency Ratio | 7.84% | 10.63% | 7.05% | 24.69% | 7.86% | 9.59% | 5.91% | 8.36% | 39.72% |
| Operating Income | 85.9M▲ 0% | 31.31M▼ 63.6% | 51.86M▲ 65.6% | -10.75M▼ 120.7% | 119.11M▲ 1207.6% | 50.51M▼ 57.6% | 95.26M▲ 88.6% | 34.01M▼ 64.3% | 69.82M▲ 105.3% |
| Operating Margin % | 72.64% | 36.37% | 47.54% | -31.05% | 72.72% | 45.6% | 49.57% | 23.81% | 34.69% |
| Operating Income Growth % | -28.22% | -63.55% | 65.62% | -120.74% | 1207.55% | -57.59% | 88.59% | -64.3% | 105.31% |
| Pretax Income | 85.9M▲ 0% | 31.31M▼ 63.6% | 51.86M▲ 65.6% | -10.75M▼ 120.7% | 119.11M▲ 1207.6% | 50.51M▼ 57.6% | 95.26M▲ 88.6% | 34.01M▼ 64.3% | -20.72M▼ 160.9% |
| Pretax Margin % | 72.64% | 36.37% | 47.54% | -31.05% | 72.72% | 45.6% | 49.57% | 23.81% | -10.29% |
| Income Tax | 0 | 0 | 12K | 268K | 342K | 372K | -54K | 107K | -85K |
| Effective Tax Rate % | 0% | 0% | 0.02% | -2.49% | 0.29% | 0.74% | -0.06% | 0.31% | 0.41% |
| Net Income | 85.9M▲ 0% | 31.31M▼ 63.6% | 51.84M▲ 65.6% | -11.02M▼ 121.3% | 118.76M▲ 1177.5% | 50.14M▼ 57.8% | 95.31M▲ 90.1% | 33.9M▼ 64.4% | -20.63M▼ 160.9% |
| Net Margin % | 72.64% | 36.37% | 47.53% | -31.83% | 72.51% | 45.27% | 49.6% | 23.74% | -10.25% |
| Net Income Growth % | -28.22% | -63.55% | 65.58% | -121.26% | 1177.52% | -57.78% | 90.09% | -64.43% | -160.85% |
| Net Income (Continuing) | 85.9M | 31.31M | 51.84M | -11.02M | 118.76M | 50.14M | 95.31M | 33.9M | -20.63M |
| EPS (Diluted) | 1.54▲ 0% | 0.55▼ 64.3% | 0.92▲ 67.3% | -0.19▼ 120.7% | 2.09▲ 1200.0% | 0.89▼ 57.4% | 1.74▲ 95.5% | 0.63▼ 63.8% | -0.39▼ 161.9% |
| EPS Growth % | -31.86% | -64.29% | 67.27% | -120.65% | 1200% | -57.42% | 95.51% | -63.79% | -161.9% |
| EPS (Basic) | 1.54 | 0.55 | 0.92 | -0.19 | 2.09 | 0.89 | 1.74 | 0.63 | -0.39 |
| Diluted Shares Outstanding | 56.13M | 57.07M | 56.85M | 56.82M | 56.81M | 56.56M | 54.69M | 53.56M | 52.34M |
CION Investment Corporation (CION) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 56.35M | 17.58M | 6.13M | 19.91M | 3.77M | 82.74M | 8.41M | 7.67M | 124.17M |
| Cash & Due from Banks | 56.35M | 17.58M | 6.13M | 19.91M | 3.77M | 82.74M | 8.41M | 7.67M | 8.16M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116.01M |
| Total Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.81B |
| Investments Growth % | -100% | - | - | - | - | - | - | - | - |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7B |
| Accounts Receivables | 41.96M | 23.38M | 38.2M | 23.72M | 24.4M | 28.82M | 37.69M | 48.1M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.71B | 1.87B | 1.77B | 1.57B | 1.75B | 1.76B | 1.95B | 1.89B | -1.64B |
| Total Current Assets | 101.73M | 41.15M | 45.32M | 45.42M | 28.64M | 112.38M | 47.45M | 55.77M | 67K |
| Total Non-Current Assets | 1.71B | 1.87B | 1.77B | 1.57B | 1.75B | 1.76B | 1.95B | 1.89B | 55.14M |
| Total Assets | 1.82B▲ 0% | 1.91B▲ 5.0% | 1.81B▼ 5.0% | 1.61B▼ 10.8% | 1.78B▲ 10.4% | 1.87B▲ 5.0% | 2B▲ 6.9% | 1.95B▼ 2.8% | 55.21M▼ 97.2% |
| Asset Growth % | 44% | 4.99% | -5.04% | -10.8% | 10.4% | 5.03% | 6.91% | -2.8% | -97.16% |
| Return on Assets (ROA) | 5.58% | 1.68% | 2.79% | -0.64% | 6.99% | 2.74% | 4.92% | 1.72% | -2.06% |
| Accounts Payable | 40.18M | 21.75M | 5.55M | 3.33M | 17.59M | 23.76M | 26.8M | 12.96M | 0 |
| Total Debt | 705.45M | 892.62M | 836.59M | 719.96M | 822.37M | 951.32M | 1.08B | 1.1B | 1.13B |
| Net Debt | 649.09M | 875.04M | 830.45M | 700.04M | 818.6M | 868.58M | 1.07B | 1.09B | 1.12B |
| Long-Term Debt | 705.45M | 892.62M | 836.59M | 719.96M | 822.37M | 951.32M | 1.08B | 1.1B | 1.13B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27K |
| Other Liabilities | 11.6M | 12.82M | 15.7M | 13.26M | 12.21M | 13.69M | 13.66M | 12.77M | 21.57M |
| Total Current Liabilities | 40.18M | 21.75M | 5.55M | 3.33M | 17.59M | 23.76M | 26.8M | 12.96M | 27K |
| Total Non-Current Liabilities | 717.05M | 905.44M | 852.28M | 733.21M | 834.58M | 965.01M | 1.1B | 1.11B | 1.15B |
| Total Liabilities | 757.23M | 927.19M | 857.83M | 736.54M | 852.17M | 988.78M | 1.12B | 1.12B | 39.12M |
| Total Equity | 1.06B▲ 0% | 979.27M▼ 7.5% | 952.56M▼ 2.7% | 878.26M▼ 7.8% | 930.51M▲ 5.9% | 883.63M▼ 5.0% | 879.56M▼ 0.5% | 820.81M▼ 6.7% | 16.09M▼ 98.0% |
| Equity Growth % | 5.89% | -7.5% | -2.73% | -7.8% | 5.95% | -5.04% | -0.46% | -6.68% | -98.04% |
| Equity / Assets (Capital Ratio) | 58.3% | 51.37% | 52.62% | 54.39% | 52.2% | 47.19% | 43.94% | 42.19% | 29.15% |
| Return on Equity (ROE) | 8.35% | 3.07% | 5.37% | -1.2% | 13.13% | 5.53% | 10.81% | 3.99% | -4.93% |
| Book Value per Share | 18.86 | 17.16 | 16.75 | 15.46 | 16.38 | 15.62 | 16.08 | 15.32 | 0.31 |
| Tangible BV per Share | 18.86 | 17.16 | 16.75 | 15.46 | 16.38 | 15.62 | 16.08 | 15.32 | 0.31 |
| Common Stock | 116K | 113K | 113K | 57K | 57K | 55K | 54K | 53K | 51K |
| Additional Paid-in Capital | 1.08B | 1.05B | 1.05B | 1.05B | 1.06B | 1.04B | 1.03B | 1.02B | 1B |
| Retained Earnings | -17.56M | -69.53M | -102.46M | -176.77M | -129.53M | -160.97M | -153.52M | -200.93M | -296.92M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CION Investment Corporation (CION) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -413.63M | -114.58M | 126.04M | 198.73M | -49.25M | 35.28M | 55.38M | 88.19M | 20.3M |
| Operating CF Growth % | -83.05% | 72.3% | 210% | 57.68% | -124.78% | 171.63% | 56.98% | 59.25% | -76.99% |
| Net Income | 85.9M | 31.31M | 51.84M | -11.02M | 118.76M | 50.14M | 95.31M | 33.9M | 0 |
| Depreciation & Amortization | -9.45M | 53.25M | 10.55M | 19.88M | -43.62M | 5.31M | 0 | 33.65M | 74.1M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -628.78M | -201.28M | 92.44M | 179.77M | -137.92M | -10.29M | -31.46M | 39.63M | -51.37M |
| Working Capital Changes | 138.69M | 2.14M | -28.8M | 10.1M | 13.52M | -9.89M | -8.47M | -18.99M | -2.44M |
| Cash from Investing | -1.03B | -1.02B | -318.19M | -282M | -660.99M | -487.95M | -49.95M | 0 | 103.73M |
| Purchase of Investments | -1.42B | -1.28B | -563.88M | -359.63M | -920.04M | -550.54M | -350.2M | -464.05M | -264M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -1.42B | -1.28B | -562.88M | -358.63M | -919.04M | -549.54M | -349.2M | -463.05M | -263M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 421.19M | 349.21M |
| Cash from Financing | 452.94M | 75.8M | -137.48M | -184.95M | 33.11M | 43.69M | 22.83M | -88.94M | -76.34M |
| Dividends Paid | -42.4M | -44.75M | -48.97M | -39.98M | -56.04M | -66.64M | -91.96M | -89.48M | -52.18M |
| Share Repurchases | -40.41M | -97.04M | -35.8M | -23.3M | -10.47M | -15.44M | -11.52M | -11.35M | -17.19M |
| Stock Issued | 58.03M | 32.23M | 6.51M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 17.63M | -64.81M | -29.28M | -23.3M | -10.47M | -15.44M | -11.52M | -11.35M | -17.19M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | -9.32M | 30.52M | -1.72M | -5.63M | -5.38M | -1.73M | 0 | -13.11M | -25.85M |
| Net Change in Cash | 39.31M▲ 0% | -38.77M▼ 198.6% | -11.44M▲ 70.5% | 13.78M▲ 220.4% | -16.14M▼ 217.1% | 78.97M▲ 589.3% | -74.32M▼ 194.1% | -745K▲ 99.0% | 489K▲ 165.6% |
| Exchange Rate Effect | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 0 | -1000K |
| Cash at Beginning | 17.05M | 56.35M | 17.58M | 6.13M | 19.91M | 3.77M | 82.74M | 8.41M | 7.67M |
| Cash at End | 56.35M | 17.58M | 6.13M | 19.91M | 3.77M | 82.74M | 8.41M | 7.67M | 8.16M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -413.63M▲ 0% | -114.58M▲ 72.3% | 126.04M▲ 210.0% | 198.73M▲ 57.7% | -49.25M▼ 124.8% | 35.28M▲ 171.6% | 55.38M▲ 57.0% | 88.19M▲ 59.3% | 76.83M▼ 12.9% |
| FCF Growth % | -83.05% | 72.3% | 210% | 57.68% | -124.78% | 171.63% | 56.98% | 59.25% | -12.88% |
CION Investment Corporation (CION) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.57% | 8.35% | 3.07% | 5.37% | -1.2% | 13.13% | 5.53% | 10.81% | 3.99% | -4.93% |
| Return on Assets (ROA) | 10.8% | 5.58% | 1.68% | 2.79% | -0.64% | 6.99% | 2.74% | 4.92% | 1.72% | -2.06% |
| Net Interest Margin | 6.19% | 6.74% | 7.34% | 7.85% | 7.16% | 6.38% | 7.17% | 7.26% | 3.54% | 235.85% |
| Efficiency Ratio | 6.96% | 7.84% | 10.63% | 7.05% | 24.69% | 7.86% | 9.59% | 5.91% | 8.36% | 39.72% |
| Equity / Assets | 79.28% | 58.3% | 51.37% | 52.62% | 54.39% | 52.2% | 47.19% | 43.94% | 42.19% | 29.15% |
| Book Value / Share | 18.87 | 18.86 | 17.16 | 16.75 | 15.46 | 16.38 | 15.62 | 16.08 | 15.32 | 0.31 |
| NII Growth | 51.21% | 56.94% | 14.25% | 1.56% | -18.63% | -1.67% | 18.12% | 8.25% | -52.59% | 88.94% |
| Dividend Payout | 32.1% | 49.36% | 142.93% | 94.46% | - | 47.19% | 132.91% | - | 131.38% | - |
CION Investment Corporation (CION) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 6, 2026·SEC
Mar 12, 2026·SEC
Feb 24, 2026·SEC
CION Investment Corporation (CION) stock FAQ — growth, dividends, profitability & financials explained
CION Investment Corporation (CION) grew revenue by 40.9% over the past year. This is strong growth.
CION Investment Corporation (CION) reported a net loss of $20.6M for fiscal year 2025.
Yes, CION Investment Corporation (CION) pays a dividend with a yield of 12.78%. This makes it attractive for income-focused investors.
CION Investment Corporation (CION) has a return on equity (ROE) of -4.9%. Negative ROE indicates the company is unprofitable.
CION Investment Corporation (CION) has a net interest margin (NIM) of 235.8%. This indicates healthy earnings from lending activities.
CION Investment Corporation (CION) has an efficiency ratio of 39.7%. This is excellent, indicating strong cost control.
CION Investment Corporation (CION) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates