Cash flow CION Investment Corporation

Equities

CION

US17259U2042

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 16:57:22 14/05/2026 BST			5-day change	1st Jan Change
6.805 ^USD	+0.22%		-7.92%	-29.63%

05-12	Private credit funds mark investment values lower, filings show	RE
05-07	CION Investment Corporation, Q1 2026 Earnings Call, May 07, 2026

6.wNaS4Sy669hp2OuIaeru7zbwK_UFlnpwbUqCBe24k04.lJHh1GnUh-AivIjYI5jcqUTCbLtv_x8UDBqvf53v4Qq5pKStbt-sgRCKjA

Published financial data: CION INVESTMENT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	5.93M	9.54M	11.69M	17.9M	20.07M
Interest And Invest. Income (Rev)	151M	185M	239M	235M	221M
Total Revenues	157M	195M	251M	252M	241M
Gross Profit	157M	195M	251M	252M	241M
Selling General & Admin Expenses, Total	50.89M	56.7M	60.49M	59.6M	57.33M
Other Operating Expenses, Total	50.89M	56.7M	60.49M	59.6M	57.33M
Operating Income	106M	138M	191M	193M	183M
Interest Expense, Total	-31.81M	-49.62M	-85.56M	-96.87M	-90.54M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-31.81M	-49.62M	-85.56M	-96.87M	-90.54M
Currency Exchange Gains (Loss)	-3K	-3K	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	74.65M	88.57M	105M	95.97M	92.96M
Gain (Loss) On Sale Of Investments	44.46M	-38.06M	-9.71M	-61.96M	-114M
EBT, Incl. Unusual Items	119M	50.51M	95.26M	34.01M	-20.72M
Income Tax Expense	342K	372K	-54K	107K	-85K
Earnings From Continuing Operations	119M	50.14M	95.31M	33.9M	-20.63M
Net Income to Company	119M	50.14M	95.31M	33.9M	-20.63M
Net Income - (IS)	119M	50.14M	95.31M	33.9M	-20.63M
Net Income to Common Incl Extra Items	119M	50.14M	95.31M	33.9M	-20.63M
Net Income to Common Excl. Extra Items	119M	50.14M	95.31M	33.9M	-20.63M
Per Share Items
Net EPS - Basic	2.09	0.89	1.74	0.63	-0.39
Basic EPS - Continuing Operations	2.09	0.89	1.74	0.63	-0.39
Basic Weighted Average Shares Outstanding	56.81M	56.56M	54.69M	53.56M	52.34M
Net EPS - Diluted	2.09	0.89	1.74	0.63	-0.39
Diluted EPS - Continuing Operations	2.09	0.89	1.74	0.63	-0.39
Diluted Weighted Average Shares Outstanding	56.81M	56.56M	54.69M	53.56M	52.34M
Normalized Basic EPS	0.82	0.98	1.2	1.12	1.11
Normalized Diluted EPS	0.82	0.98	1.2	1.12	1.11
Dividend Per Share	1.06	1.18	1.36	1.42	1.44
Payout Ratio	37.6	103.14	96.48	263.94	-378.19
Supplemental Items
EBITA	106M	138M	191M	193M	183M
EBIT	106M	138M	191M	193M	183M
Total Revenues (As Reported)	157M	195M	251M	252M	241M
Effective Tax Rate - (Ratio)	0.29	0.74	-0.06	0.31	0.41
Normalized Net Income	46.65M	55.36M	65.6M	59.98M	58.1M
Interest on Long-Term Debt	31.81M	49.62M	85.56M	96.87M	90.54M
Supplemental Operating Expense Items
General and Administrative Expenses	50.89M	56.7M	60.49M	59.6M	57.33M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.77M	82.74M	8.42M	7.67M	8.16M
Total Cash And Short Term Investments	3.77M	82.74M	8.42M	7.67M	8.16M
Accounts Receivable, Total	24.4M	27.54M	37.69M	48.1M	31.68M
Other Receivables	-	1.28M	-	-	-
Total Receivables	24.4M	28.82M	37.69M	48.1M	31.68M
Prepaid Expenses	466K	825K	1.35M	1.26M	1.97M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	28.64M	112M	47.45M	57.04M	41.81M
Long-term Investments	1.75B	1.76B	1.95B	1.89B	1.81B
Deferred Charges Long-Term	-	-	-	-	-
Total Assets	1.78B	1.87B	2B	1.95B	1.85B
Liabilities
Accounts Payable, Total	13.25M	1.01M	5.73M	2.05M	3.31M
Accrued Expenses, Total	16.55M	21.51M	23.9M	20.98M	18.25M
Current Portion of Long-Term Debt	-	-	-	-	-
Other Current Liabilities	-	14.93M	10.84M	2.7M	27K
Total Current Liabilities	29.8M	37.46M	40.46M	25.73M	21.59M
Long-Term Debt	822M	951M	1.08B	1.1B	1.13B
Total Liabilities	852M	989M	1.12B	1.12B	1.15B
Common Stock, Total	57K	55K	54K	53K	51K
Additional Paid In Capital	1.06B	1.04B	1.03B	1.02B	1B
Retained Earnings	-130M	-161M	-154M	-201M	-297M
Total Common Equity	931M	884M	880M	821M	708M
Total Equity	931M	884M	880M	821M	708M
Total Liabilities And Equity	1.78B	1.87B	2B	1.95B	1.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.96M	55.02M	53.84M	53.03M	50.5M
ECS Total Common Shares Outstanding	56.96M	55.3M	54.18M	53.19M	51.42M
Book Value / Share	16.34	15.98	16.23	15.43	13.76
Tangible Book Value	931M	884M	880M	821M	708M
Tangible Book Value Per Share	16.34	15.98	16.23	15.43	13.76
Total Debt	822M	951M	1.08B	1.1B	1.13B
Net Debt	819M	869M	1.07B	1.09B	1.12B
Account Code - Inventory Valuation	3	-	3	3	3

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	119M	50.14M	95.31M	33.9M	-20.63M
Amortization of Deferred Charges, Total - (CF)	2.8M	3.18M	4.07M	5.59M	7.52M
(Gain) Loss on Sale of Investments - (CF)	-56.2M	27.03M	-3.8M	45.18M	88.02M
Other Operating Activities, Total	-114M	-112M	-81.69M	-22.13M	51.55M
Change In Accounts Receivable	-1.06M	-983K	-16.32M	-12.51M	-253K
Change In Accounts Payable	12.42M	-12.24M	4.72M	-3.68M	1.26M
Change in Other Net Operating Assets	-12.16M	80.38M	-99.44M	41.83M	-50.64M
Cash from Operations	-49.25M	35.28M	-97.15M	88.19M	76.83M
Long-Term Debt Issued, Total	276M	128M	237M	302M	192M
Total Debt Issued	276M	128M	237M	302M	192M
Long-Term Debt Repaid, Total	-171M	-	-102M	-278M	-170M
Total Debt Repaid	-171M	-	-102M	-278M	-170M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-10.47M	-15.44M	-11.52M	-11.35M	-17.19M
Common Dividends Paid	-44.65M	-51.71M	-91.96M	-89.48M	-78.02M
Common & Preferred Stock Dividends Paid	-44.65M	-51.71M	-91.96M	-89.48M	-78.02M
Special Dividend Paid	-11.39M	-14.93M	-	-	-
Other Financing Activities, Total	-5.38M	-1.72M	-8.54M	-13.11M	-3.63M
Cash from Financing	33.11M	43.69M	22.83M	-88.94M	-76.34M
Net Change in Cash	-16.14M	78.96M	-74.32M	-745K	489K
Supplemental Items
Cash Interest Paid	27.13M	42.93M	79.03M	93.31M	85.44M
Levered Free Cash Flow	63.31M	61.42M	63.29M	40.51M	77.2M
Unlevered Free Cash Flow	80.39M	89.26M	113M	95.46M	126M
Change In Net Working Capital	-13.86M	-2.88M	6.39M	25.06M	-11.58M
Net Debt Issued / Repaid	105M	128M	135M	25M	22.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.92	4.73	6.15	6.11	6.04
Return on Total Capital	3.97	4.81	6.27	6.21	6.11
Return On Equity %	13.13	5.53	10.81	3.99	-2.7
Return on Common Equity	13.13	5.53	10.81	3.99	-2.7
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	32.34	29.09	24.1	23.61	23.8
EBITA Margin %	67.66	70.91	75.9	76.39	76.2
EBIT Margin %	67.66	70.91	75.9	76.39	76.2
Income From Continuing Operations Margin %	75.48	25.73	37.97	13.43	-8.57
Net Income Margin %	75.48	25.73	37.97	13.43	-8.57
Net Avail. For Common Margin %	75.48	25.73	37.97	13.43	-8.57
Normalized Net Income Margin	29.65	28.4	26.14	23.76	24.12
Levered Free Cash Flow Margin	40.24	31.51	25.21	16.05	32.06
Unlevered Free Cash Flow Margin	51.09	45.8	44.89	37.82	52.43
Asset Turnover
Asset Turnover	0.09	0.11	0.13	0.13	0.13
Receivables Turnover (Average Receivables)	0.25	0.37	0.36	0.42	0.5
Short Term Liquidity
Current Ratio	0.96	3	1.17	2.22	1.94
Quick Ratio	0.95	2.98	1.14	2.17	1.84
Operating Cash Flow to Current Liabilities	-1.65	0.94	-2.4	3.43	3.56
Days Sales Outstanding (Average Receivables)	1.48K	993.29	1.02K	877.38	725.41
Long Term Solvency
Total Debt/Equity	88.38	107.66	122.98	133.91	159.06
Total Debt / Total Capital	46.92	51.84	55.15	57.25	61.4
LT Debt/Equity	88.38	107.66	122.98	133.91	159.06
Long-Term Debt / Total Capital	46.92	51.84	55.15	57.25	61.4
Total Liabilities / Total Assets	47.8	52.81	56.06	57.81	61.85
EBIT / Interest Expense	3.35	2.78	2.23	1.99	2.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.96	23.86	28.79	0.57	-4.6
Gross Profit, 1 Yr. Growth %	-3.96	23.86	28.79	0.57	-4.6
EBITA, 1 Yr. Growth %	-8.1	29.82	37.86	1.21	-4.84
EBIT, 1 Yr. Growth %	-8.1	29.82	37.86	1.21	-4.84
Earnings From Cont. Operations, 1 Yr. Growth %	-1.18K	-57.78	90.09	-64.43	-160.85
Net Income, 1 Yr. Growth %	-1.18K	-57.78	90.09	-64.43	-160.85
Normalized Net Income, 1 Yr. Growth %	-5.54	18.66	18.51	-8.58	-3.14
Diluted EPS Before Extra, 1 Yr. Growth %	-1.18K	-57.59	96.6	-63.69	-162.28
Accounts Receivable, 1 Yr. Growth %	3.07	12.86	36.85	27.63	-34.15
Total Assets, 1 Yr. Growth %	10.4	5.03	6.91	-2.8	-4.67
Tangible Book Value, 1 Yr. Growth %	5.95	-5.04	-0.46	-6.68	-13.79
Common Equity, 1 Yr. Growth %	5.95	-5.04	-0.46	-6.68	-13.79
Cash From Operations, 1 Yr. Growth %	-124.78	-171.63	-375.39	-190.78	-12.88
Levered Free Cash Flow, 1 Yr. Growth %	-0.18	-2.99	3.04	-35.99	90.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.25	11.03	26.24	-15.28	32.26
Dividend Per Share, 1 Yr. Growth %	31.25	11.4	15.25	4.41	1.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.55	9.07	26.3	13.81	-2.05
Gross Profit, 2 Yr. CAGR %	-11.55	9.07	26.3	13.81	-2.05
EBITA, 2 Yr. CAGR %	-11.8	9.23	33.78	18.12	-1.86
EBIT, 2 Yr. CAGR %	-11.8	9.23	33.78	18.12	-1.86
Earnings From Cont. Operations, 2 Yr. CAGR %	51.35	113.29	-10.41	-17.77	-53.48
Net Income, 2 Yr. CAGR %	51.35	113.29	-10.41	-17.77	-53.48
Normalized Net Income, 2 Yr. CAGR %	-7.47	5.87	18.58	4.09	-5.9
Diluted EPS Before Extra, 2 Yr. CAGR %	51.42	113.78	-8.69	-15.51	-52.45
Accounts Receivable, 2 Yr. CAGR %	-15.05	7.85	24.28	32.16	-8.32
Total Assets, 2 Yr. CAGR %	-0.77	7.68	5.97	1.94	-3.74
Tangible Book Value, 2 Yr. CAGR %	-1.16	0.31	-2.78	-3.62	-10.3
Common Equity, 2 Yr. CAGR %	-1.16	0.31	-2.78	-3.62	-10.3
Cash From Operations, 2 Yr. CAGR %	-37.49	-57.87	40.45	58.11	-11.07
Levered Free Cash Flow, 2 Yr. CAGR %	48.96	-1.59	-0.02	-18.78	10.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.19	4.71	18.39	3.42	5.85
Dividend Per Share, 2 Yr. CAGR %	-15.72	20.92	13.31	9.7	2.9
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.78	-1.04	15.28	17.07	7.31
Gross Profit, 3 Yr. CAGR %	-5.78	-1.04	15.28	17.07	7.31
EBITA, 3 Yr. CAGR %	-7.79	0.33	18.04	21.9	9.91
EBIT, 3 Yr. CAGR %	-7.79	0.33	18.04	21.9	9.91
Earnings From Cont. Operations, 3 Yr. CAGR %	55.96	-1.11	105.26	-34.16	-25.62
Net Income, 3 Yr. CAGR %	55.96	-1.11	105.26	-34.16	-25.62
Normalized Net Income, 3 Yr. CAGR %	-6.11	0.53	9.93	8.74	1.62
Diluted EPS Before Extra, 3 Yr. CAGR %	56.19	-0.93	107.89	-32.85	-23.68
Accounts Receivable, 3 Yr. CAGR %	1.43	-6.61	16.76	25.39	4.77
Total Assets, 3 Yr. CAGR %	-2.21	1.13	7.42	2.96	-0.31
Tangible Book Value, 3 Yr. CAGR %	-1.69	-2.47	0.05	-4.1	-7.14
Common Equity, 3 Yr. CAGR %	-1.69	-2.47	0.05	-4.1	-7.14
Cash From Operations, 3 Yr. CAGR %	-24.53	-34.59	-21.22	21.44	29.62
Levered Free Cash Flow, 3 Yr. CAGR %	-0.44	29.12	-0.07	-13.83	7.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-3.5	16.4	11.45	5.9	12.26
Dividend Per Share, 3 Yr. CAGR %	-10.21	-7.5	19	10.26	6.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.85	5.04	5.94	4.65	8.01
Gross Profit, 5 Yr. CAGR %	13.85	5.04	5.94	4.65	8.01
EBITA, 5 Yr. CAGR %	14.98	4.6	7.01	7.1	9.64
EBIT, 5 Yr. CAGR %	14.98	4.6	7.01	7.1	9.64
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.15	-10.21	24.94	-8.14	13.36
Net Income, 5 Yr. CAGR %	-0.15	-10.21	24.94	-8.14	13.36
Normalized Net Income, 5 Yr. CAGR %	-5.11	-0.08	3.08	1.94	3.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.54	-10.34	26.01	-7.04	15.23
Accounts Receivable, 5 Yr. CAGR %	29.54	-8.07	10.02	7.31	6
Total Assets, 5 Yr. CAGR %	7.17	0.61	0.98	1.45	2.81
Tangible Book Value, 5 Yr. CAGR %	-1.43	-3.55	-2.12	-2.93	-4.23
Common Equity, 5 Yr. CAGR %	-1.43	-3.55	-2.12	-2.93	-4.23
Cash From Operations, 5 Yr. CAGR %	-26.27	-38.88	-3.25	-6.89	-17.31
Levered Free Cash Flow, 5 Yr. CAGR %	-12.12	-20.45	-0.27	7.26	4.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.3	-15.51	4.72	11.02	9.17
Dividend Per Share, 5 Yr. CAGR %	-6.26	-4.21	-1.45	-0.97	12.28