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CION Investment (CION) Financials

CION Investment logo
$10.76 +0.04 (+0.33%)
As of 01:24 PM Eastern
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Annual Income Statements for CION Investment

Annual Income Statements for CION Investment

This table shows CION Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 33 50 95 34
Consolidated Net Income / (Loss)		 33 50 95 34
Net Income / (Loss) Continuing Operations		 33 50 95 34
Total Pre-Tax Income 		33 50 95 34
Total Revenue		 -32 157 241 190
Net Interest Income / (Expense)		 -32 184 231 228
Total Interest Income		 0.00 184 231 228
Investment Securities Interest Income		 - 184 231 228
Total Interest Expense		 32 0.00 0.00 0.00
Total Non-Interest Income		 0.00 -27 10 -38
Other Service Charges		 - 9.54 12 18
Net Realized & Unrealized Capital Gains on Investments		 - -38 -9.71 -62
Other Non-Interest Income		 - 1.46 8.41 6.27
Total Non-Interest Expense		 -65 107 146 157
Insurance Policy Acquisition Costs		 - 19 22 20
Other Operating Expenses		 -65 88 124 136
Weighted Average Basic Shares Outstanding		 56.81B 56.56B 54.69M 53.56M
Weighted Average Diluted Shares Outstanding		 56.81B 56.56B 54.69M 53.56M
Weighted Average Basic & Diluted Shares Outstanding		 - 55.02M 53.84M 53.03M

Quarterly Income Statements for CION Investment

This table shows CION Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -24 59 -31 29 47 50 6.51 21 -0.38 6.69
Consolidated Net Income / (Loss)		 -24 59 -27 28 47 46 6.51 22 -0.38 5.39
Net Income / (Loss) Continuing Operations		 -24 59 -27 29 47 45 6.51 21 -0.38 6.69
Total Pre-Tax Income 		-24 59 -27 29 47 45 6.51 21 -0.38 6.69
Total Revenue		 -22 151 -11 74 85 93 -24 69 38 108
Net Interest Income / (Expense)		 -13 208 34 -20 64 153 -24 -19 53 218
Total Interest Income		 0.00 184 54 0.05 64 113 0.00 5.15 53 170
Total Interest Expense		 13 -24 19 20 0.00 -40 24 24 0.00 -48
Total Non-Interest Income		 -8.76 -57 -45 94 21 -60 0.00 88 -16 -110
Total Non-Interest Expense		 2.03 92 16 44 38 48 -31 48 38 101
Other Operating Expenses		 2.03 74 9.47 44 31 39 -31 48 33 85
Weighted Average Basic Shares Outstanding		 56.82M 56.56B 55.11M 54.79M 54.56M 54.69M 53.96M 53.60M 53.44M 53.56M
Weighted Average Diluted Shares Outstanding		 56.82M 56.56B 55.11M 54.79M 54.56M 54.69M 53.96M 53.60M 53.44M 53.56M
Weighted Average Basic & Diluted Shares Outstanding		 55.43M 55.02M 54.80M 54.58M 54.30M 53.84M 53.59M 53.45M 53.29M 53.03M

Annual Cash Flow Statements for CION Investment

This table details how cash moves in and out of CION Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -16 79 -74 -0.75
Net Cash From Operating Activities		 -49 35 -97 88
Net Cash From Continuing Operating Activities		 -49 35 -97 88
Net Income / (Loss) Continuing Operations		 119 50 95 34
Consolidated Net Income / (Loss)		 119 50 95 34
Depreciation Expense		 -44 5.31 -22 34
Amortization Expense		 -8.94 -7.86 -9.43 -11
Non-Cash Adjustments to Reconcile Net Income		 -115 -79 -50 6.18
Changes in Operating Assets and Liabilities, net		 -0.80 67 -111 26
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 33 44 23 -89
Net Cash From Continuing Financing Activities		 33 44 23 -89
Issuance of Debt		 276 128 237 303
Repayment of Debt		 -176 -1.73 -111 -291
Repurchase of Common Equity		 -10 -15 -12 -11
Payment of Dividends		 -56 -67 -92 -89
Cash Interest Paid		 27 43 79 93

Quarterly Cash Flow Statements for CION Investment

This table details how cash moves in and out of CION Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 1.12 39 13 -85 -4.71 1.61 40 -39 20 -22
Net Cash From Operating Activities		 15 65 0.31 -36 -6.86 -55 96 -17 52 -43
Net Cash From Continuing Operating Activities		 15 65 0.31 -36 -6.86 -55 96 -17 52 -43
Net Income / (Loss) Continuing Operations		 34 9.54 -31 28 47 51 6.45 22 -0.38 5.46
Consolidated Net Income / (Loss)		 34 9.54 -31 28 47 51 6.45 22 -0.38 5.46
Depreciation Expense		 -26 -1.35 56 -23 -26 -30 16 -20 26 11
Amortization Expense		 -3.36 -1.03 -3.45 -1.60 -2.92 -1.46 -10 -0.38 -0.54 0.15
Non-Cash Adjustments to Reconcile Net Income		 23 50 -14 53 -8.67 -80 79 -44 47 -77
Changes in Operating Assets and Liabilities, net		 -12 7.47 -7.31 -92 -17 5.33 4.41 25 -20 17
Net Cash From Financing Activities		 -14 -26 13 -49 2.15 56 -56 -22 -32 21
Net Cash From Continuing Financing Activities		 -14 -26 13 -49 2.15 56 -56 -22 -32 21
Issuance of Debt		 10 - 81 - 23 134 0.00 - 130 173
Repayment of Debt		 - - -31 -27 - -54 -23 - -138 -130
Repurchase of Common Equity		 -6.71 -8.73 -3.59 -3.23 -1.80 -2.90 -4.67 -2.67 -2.00 -2.00
Payment of Dividends		 -18 -17 -34 -19 -19 -21 -29 -19 -22 -19
Cash Interest Paid		 13 13 19 18 22 20 25 21 25 22

Annual Balance Sheets for CION Investment

This table presents CION Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,783 1,872 2,002 1,946
Cash and Due from Banks		 3.77 83 8.42 7.67
Trading Account Securities		 - - 1,954 1,895
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Other Assets		 33 1,790 39 49
Total Liabilities & Shareholders' Equity		 1,783 1,872 2,002 1,946
Total Liabilities		 852 989 1,122 1,125
Accrued Interest Payable		 4.34 7.82 10 8.24
Long-Term Debt		 822 951 1,082 1,099
Other Long-Term Liabilities		 25 30 30 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 931 884 880 821
Total Preferred & Common Equity		 931 884 880 821
Total Common Equity		 931 884 880 821
Common Stock		 1,060 1,045 1,033 1,022
Retained Earnings		 -130 -161 -154 -201

Quarterly Balance Sheets for CION Investment

This table presents CION Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 1,886 1,854 1,835 1,896 1,968 1,960 1,916
Cash and Due from Banks		 44 96 12 6.81 48 9.80 30
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 45 46 1,823 1,890 1,920 1,962 1,886
Total Liabilities & Shareholders' Equity		 1,886 1,854 1,835 1,896 1,968 1,960 1,916
Total Liabilities		 971 1,024 998 1,036 1,105 1,100 1,076
Accrued Interest Payable		 5.14 7.01 8.18 7.24 8.56 9.61 7.20
Long-Term Debt		 950 1,002 977 1,000 1,060 1,062 1,055
Other Long-Term Liabilities		 15 15 13 28 36 28 14
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 915 830 836 861 863 861 839
Total Preferred & Common Equity		 915 830 836 861 863 861 839
Total Common Equity		 915 830 836 861 863 861 839
Common Stock		 1,053 1,041 1,038 1,036 1,028 1,026 1,024
Retained Earnings		 -138 -211 -201 -175 -165 -165 -185

Annual Metrics And Ratios for CION Investment

This table displays calculated financial ratios and metrics derived from CION Investment's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - -
Revenue Growth		 47.69% 593.09% 53.86% -21.06%
EBITDA Growth		 78.79% 343.88% 33.74% -11.46%
EBIT Growth		 131.85% 51.78% 90.08% -64.43%
NOPAT Growth		 145.50% 51.78% 90.08% -64.43%
Net Income Growth		 399.74% 51.78% 90.08% -64.43%
EPS Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -124.78% 171.63% -375.39% 190.78%
Free Cash Flow Firm Growth		 0.00% 98.14% 2.93% 342.53%
Invested Capital Growth		 0.00% 4.68% 6.88% -2.10%
Revenue Q/Q Growth		 0.00% 0.00% 160.62% 226.01%
EBITDA Q/Q Growth		 0.00% 0.00% -27.22% 283.19%
EBIT Q/Q Growth		 0.00% 0.00% 5.37% 406.81%
NOPAT Q/Q Growth		 0.00% 0.00% 5.37% 538.29%
Net Income Q/Q Growth		 0.00% 0.00% 6.15% 508.16%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 232.69% -533.61% 14.51%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 283.91%
Invested Capital Q/Q Growth		 0.00% 0.00% 5.39% 1.37%
Profitability Metrics		 - - - -
EBITDA Margin		 0.00% 30.35% 26.38% 29.59%
EBIT Margin		 0.00% 31.97% 39.50% 17.80%
Profit (Net Income) Margin		 0.00% 31.97% 39.50% 17.80%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 2.80% 5.02% 1.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 2.80% 5.02% 1.75%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.73% 5.79% 2.24%
Return on Equity (ROE)		 3.55% 5.53% 10.81% 3.99%
Cash Return on Invested Capital (CROIC)		 -196.23% -1.78% -1.63% 3.87%
Operating Return on Assets (OROA)		 0.00% 2.74% 4.92% 1.72%
Return on Assets (ROA)		 0.00% 2.74% 4.92% 1.72%
Return on Common Equity (ROCE)		 3.55% 5.53% 10.81% 3.99%
Return on Equity Simple (ROE_SIMPLE)		 3.55% 5.67% 10.84% 4.13%
Net Operating Profit after Tax (NOPAT)		 33 50 95 34
NOPAT Margin		 0.00% 31.97% 39.50% 17.80%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 68.03% 60.50% 82.20%
Earnings before Interest and Taxes (EBIT)		 33 50 95 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -20 48 64 56
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.46 0.61 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.46 0.61 0.00
Price to Revenue (P/Rev)		 0.00 2.59 2.23 0.00
Price to Earnings (P/E)		 0.00 8.10 5.66 0.00
Dividend Yield		 4.69% 19.78% 16.22% 13.33%
Earnings Yield		 0.00% 12.34% 17.68% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.69 0.82 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 8.13 6.68 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 26.78 25.33 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 25.43 16.92 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 25.43 16.92 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 36.14 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.88 1.08 1.23 1.34
Long-Term Debt to Equity		 0.88 1.08 1.23 1.34
Financial Leverage		 0.88 0.98 1.15 1.28
Leverage Ratio		 1.92 2.01 2.20 2.32
Compound Leverage Factor		 1.92 2.01 2.20 2.32
Debt to Total Capital		 46.92% 51.84% 55.15% 57.25%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 46.92% 51.84% 55.15% 57.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 53.08% 48.16% 44.85% 42.75%
Debt to EBITDA		 -42.13 19.99 16.99 19.50
Net Debt to EBITDA		 -41.94 18.25 16.86 19.36
Long-Term Debt to EBITDA		 -42.13 19.99 16.99 19.50
Debt to NOPAT		 24.89 18.97 11.35 32.42
Net Debt to NOPAT		 24.78 17.32 11.26 32.20
Long-Term Debt to NOPAT		 24.89 18.97 11.35 32.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 -1,720 -32 -31 75
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -54.07 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -1.55 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -1.55 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.09 0.12 0.10
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 1,753 1,835 1,961 1,920
Invested Capital Turnover		 0.00 0.09 0.13 0.10
Increase / (Decrease) in Invested Capital		 1,753 82 126 -41
Enterprise Value (EV)		 0.00 1,275 1,612 0.00
Market Capitalization		 0.00 406 539 0.00
Book Value per Share		 $0.02 $15.94 $16.20 $15.40
Tangible Book Value per Share		 $0.02 $15.94 $16.20 $15.40
Total Capital		 1,753 1,835 1,961 1,920
Total Debt		 822 951 1,082 1,099
Total Long-Term Debt		 822 951 1,082 1,099
Net Debt		 819 869 1,073 1,092
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 822 951 1,082 1,099
Total Depreciation and Amortization (D&A)		 -53 -2.54 -32 22
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 56.56B 54.69M 53.56M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 56.56B 54.69M 53.56M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 55.02M 53.84M 53.03M
Normalized Net Operating Profit after Tax (NOPAT)		 23 35 67 24
Normalized NOPAT Margin		 0.00% 22.38% 27.65% 12.46%
Pre Tax Income Margin		 0.00% 31.97% 39.50% 17.80%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 1.04 0.00 0.00 0.00
NOPAT to Interest Expense		 1.04 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 1.04 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 1.04 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 169.63% 132.91% 96.48% 263.94%
Augmented Payout Ratio		 201.31% 163.70% 108.57% 297.41%

Quarterly Metrics And Ratios for CION Investment

This table displays calculated financial ratios and metrics derived from CION Investment's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -209.98% 0.00% -155.34% 738.34% 482.47% -38.27% -126.87% -6.25% -55.74% 15.86%
EBITDA Growth		 -312.69% 0.00% 43.57% -83.43% 135.60% -75.16% -52.62% -76.68% 32.06% 27.57%
EBIT Growth		 -196.96% 0.00% -405.71% 313.54% 295.71% -23.21% 124.56% -28.15% -100.80% -85.14%
NOPAT Growth		 -167.87% 0.00% -313.99% 313.54% 379.58% -23.21% 135.08% -28.15% -100.56% -85.14%
Net Income Growth		 -196.96% 0.00% -436.16% 293.15% 295.71% -21.80% 124.56% -19.77% -100.80% -88.40%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 2,002.75% 102.11% -18.09% -144.43% -184.06% 31,183.44% 53.53% 858.29% 20.46%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 102.76% 0.00% 95.45% 95.05% -164.37% 158.99%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -0.24% 6.88% 4.95% 6.03% 1.78% -2.10%
Revenue Q/Q Growth		 -352.41% 778.83% 80.72% 789.26% 15.16% 9.57% 61.63% 384.82% -45.63% 186.82%
EBITDA Q/Q Growth		 -303.37% 205.72% -30.09% -83.59% 336.98% -26.24% -56.06% -91.92% 2,374.48% -28.74%
EBIT Q/Q Growth		 -441.89% 341.71% -166.03% 210.64% 61.80% -5.17% -89.06% 223.73% -101.80% 1,864.64%
NOPAT Q/Q Growth		 -339.32% 445.30% -146.22% 258.05% 61.80% -5.17% -89.06% 223.73% -101.26% 2,620.92%
Net Income Q/Q Growth		 -441.89% 344.95% -164.77% 205.18% 70.19% -2.12% -92.77% 243.64% -101.69% 1,522.43%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 150.63% 320.85% -99.53% -11,788.31% 80.95% -696.30% 276.46% -117.36% 410.81% -183.52%
Free Cash Flow Firm Q/Q Growth		 0.00% 100.00% 0.00% 3.65% 102.91% -256.64% -26.22% -4.79% 62.19% 243.56%
Invested Capital Q/Q Growth		 0.00% -1.63% -0.12% -1.07% 2.64% 5.39% -1.92% -0.05% -1.48% 1.37%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 0.00% 37.28% 0.00% 5.87% 22.28% 15.00% 0.00% 1.46% 66.48% 16.52%
EBIT Margin		 0.00% 38.85% 0.00% 39.74% 55.84% 48.33% 0.00% 30.46% -1.01% 6.20%
Profit (Net Income) Margin		 0.00% 39.37% 0.00% 37.78% 55.84% 49.88% 0.00% 32.33% -1.01% 5.00%
Tax Burden Percent		 100.00% 101.34% 100.00% 95.07% 100.00% 103.21% 100.00% 106.15% 100.00% 80.61%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 3.32% 0.00% 0.00% 2.77% 6.14% 0.00% 0.00% 0.00% 0.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 3.40% 0.00% 0.00% 2.77% 6.29% 0.00% 0.00% 0.00% 0.49%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 3.66% 0.00% 0.00% 3.05% 7.25% 0.00% 0.00% 0.00% 0.63%
Return on Equity (ROE)		 0.00% 6.99% -0.33% 2.16% 5.82% 13.39% 5.32% 4.66% -0.98% 1.24%
Cash Return on Invested Capital (CROIC)		 0.00% -1.74% 0.00% 0.00% 0.00% -1.63% -2.44% -3.89% -2.18% 3.87%
Operating Return on Assets (OROA)		 0.00% 3.33% 0.00% 0.00% 2.73% 6.02% 0.00% 0.00% 0.00% 0.60%
Return on Assets (ROA)		 0.00% 3.38% 0.00% 0.00% 2.73% 6.21% 0.00% 0.00% 0.00% 0.48%
Return on Common Equity (ROCE)		 0.00% 6.99% -0.33% 2.16% 5.82% 13.39% 5.32% 4.66% -0.98% 1.24%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -0.33% 2.16% 10.43% 0.00% 5.22% 4.59% -0.99% 0.00%
Net Operating Profit after Tax (NOPAT)		 -17 59 -19 29 47 45 6.51 21 -0.27 6.69
NOPAT Margin		 0.00% 38.85% 0.00% 39.74% 55.84% 48.33% 0.00% 30.46% -0.71% 6.20%
Net Nonoperating Expense Percent (NNEP)		 1.53% -0.08% 1.59% 0.30% 0.00% -0.14% 0.00% -0.13% 0.01% 0.12%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 61.15% 0.00% 60.26% 44.16% 51.67% 0.00% 69.54% 101.01% 93.80%
Earnings before Interest and Taxes (EBIT)		 -24 59 -27 29 47 45 6.51 21 -0.38 6.69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -53 56 26 4.34 19 14 13 1.01 25 18
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.46 0.56 0.59 0.58 0.61 0.69 0.75 0.76 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.46 0.56 0.59 0.58 0.61 0.69 0.75 0.76 0.00
Price to Revenue (P/Rev)		 0.00 2.59 0.00 0.00 5.40 2.23 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 8.10 0.00 34.48 5.81 5.66 11.94 15.72 0.00 0.00
Dividend Yield		 19.35% 19.78% 17.80% 17.57% 18.02% 16.22% 14.64% 13.86% 14.29% 13.33%
Earnings Yield		 0.00% 12.34% 0.00% 2.90% 17.20% 17.68% 8.37% 6.36% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.69 0.75 0.80 0.80 0.82 0.83 0.89 0.88 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 8.13 0.00 0.00 16.13 6.68 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 26.78 36.96 94.97 17.07 25.33 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 25.43 0.00 77.69 16.51 16.92 35.60 46.23 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 25.43 0.00 77.69 16.51 16.92 35.60 46.23 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 36.14 27.35 32.55 66.64 0.00 0.00 93.66 21.57 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.04 1.08 1.21 1.17 1.16 1.23 1.23 1.23 1.26 1.34
Long-Term Debt to Equity		 1.04 1.08 1.21 1.17 1.16 1.23 1.23 1.23 1.26 1.34
Financial Leverage		 1.04 1.08 1.21 1.17 1.10 1.15 1.22 1.20 1.21 1.28
Leverage Ratio		 2.06 2.01 2.23 2.19 2.13 2.20 2.26 2.24 2.24 2.32
Compound Leverage Factor		 2.06 2.01 2.23 2.19 2.13 2.20 2.26 2.24 2.24 2.32
Debt to Total Capital		 50.95% 51.84% 54.69% 53.87% 53.75% 55.15% 55.13% 55.23% 55.69% 57.25%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 50.95% 51.84% 54.69% 53.87% 53.75% 55.15% 55.13% 55.23% 55.69% 57.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 49.05% 48.16% 45.31% 46.13% 46.25% 44.85% 44.87% 44.78% 44.31% 42.75%
Debt to EBITDA		 0.00 19.99 26.98 63.76 11.43 16.99 -31.64 -28.82 -34.28 19.50
Net Debt to EBITDA		 0.00 18.25 24.40 63.01 11.36 16.86 -30.19 -28.55 -33.32 19.36
Long-Term Debt to EBITDA		 0.00 19.99 26.98 63.76 11.43 16.99 -31.64 -28.82 -34.28 19.50
Debt to NOPAT		 0.00 18.97 -406.82 52.16 11.06 11.35 23.53 28.85 -136.38 32.42
Net Debt to NOPAT		 0.00 17.32 -367.85 51.54 10.98 11.26 22.46 28.58 -132.53 32.20
Long-Term Debt to NOPAT		 0.00 18.97 -406.82 52.16 11.06 11.35 23.53 28.85 -136.38 32.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,882 0.00 -1,851 -1,784 52 -81 -84 -88 -33 48
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -139.76 0.00 -95.88 -87.15 0.00 0.00 -3.47 -3.72 0.00 0.00
Operating Cash Flow to Interest Expense		 1.15 0.00 0.02 -1.76 0.00 0.00 3.96 -0.70 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 1.15 0.00 0.02 -1.76 0.00 0.00 3.96 -0.70 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.09 0.00 0.00 0.05 0.12 0.00 0.00 0.00 0.10
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,865 1,835 1,833 1,813 1,861 1,961 1,924 1,923 1,894 1,920
Invested Capital Turnover		 0.00 0.09 0.00 0.00 0.05 0.13 0.00 0.00 0.00 0.10
Increase / (Decrease) in Invested Capital		 1,865 0.00 1,833 1,813 -4.42 126 91 109 33 -41
Enterprise Value (EV)		 0.00 1,275 1,373 1,455 1,493 1,612 1,604 1,701 1,661 0.00
Market Capitalization		 0.00 406 467 490 500 539 592 650 636 0.00
Book Value per Share		 $16.10 $15.94 $15.09 $15.26 $15.77 $16.20 $16.03 $16.06 $15.70 $15.40
Tangible Book Value per Share		 $16.10 $15.94 $15.09 $15.26 $15.77 $16.20 $16.03 $16.06 $15.70 $15.40
Total Capital		 1,865 1,835 1,833 1,813 1,861 1,961 1,924 1,923 1,894 1,920
Total Debt		 950 951 1,002 977 1,000 1,082 1,060 1,062 1,055 1,099
Total Long-Term Debt		 950 951 1,002 977 1,000 1,082 1,060 1,062 1,055 1,099
Net Debt		 907 869 906 965 993 1,073 1,012 1,052 1,025 1,092
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 7.28 -0.79 7.96 1.45 0.00 -1.45 0.00 -1.30 0.11 1.30
Net Nonoperating Obligations (NNO)		 950 951 1,002 977 1,000 1,082 1,060 1,062 1,055 1,099
Total Depreciation and Amortization (D&A)		 -29 -2.38 53 -25 -29 -31 6.00 -20 25 11
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 56.82B 56.56B 55.11M 54.79M 54.56M 54.69M 53.96M 53.60M 53.44M 53.56M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 56.82B 56.56B 55.11M 54.79M 54.56M 54.69M 53.96M 53.60M 53.44M 53.56M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 55.43M 55.02M 54.80M 54.58M 54.30M 53.84M 53.59M 53.45M 53.29M 53.03M
Normalized Net Operating Profit after Tax (NOPAT)		 -17 41 -19 21 33 32 4.56 15 -0.27 4.68
Normalized NOPAT Margin		 0.00% 27.20% 0.00% 27.82% 39.08% 33.83% 0.00% 21.32% -0.71% 4.34%
Pre Tax Income Margin		 0.00% 38.85% 0.00% 39.74% 55.84% 48.33% 0.00% 30.46% -1.01% 6.20%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -1.80 0.00 -1.37 1.43 0.00 0.00 0.27 0.89 0.00 0.00
NOPAT to Interest Expense		 -1.26 0.00 -0.96 1.43 0.00 0.00 0.27 0.89 0.00 0.00
EBIT Less CapEx to Interest Expense		 -1.80 0.00 -1.37 1.43 0.00 0.00 0.27 0.89 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -1.26 0.00 -0.96 1.43 0.00 0.00 0.27 0.89 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 132.91% -3,083.91% 481.48% 97.92% 96.48% 194.09% 222.85% -1,101.46% 263.94%
Augmented Payout Ratio		 0.00% 163.70% -3,780.18% 604.71% 117.24% 108.57% 222.04% 253.30% -1,248.86% 297.41%

Key Financial Trends

CION Investment Corp (NYSE:CION) Financial Summary and Trends Analysis (2022-2024)

Over the past two years, CION Investment has demonstrated fluctuating earnings and cash flow performance, influenced by variable interest income, expenses, and non-interest income components. Here's a breakdown of key observations from the latest four quarters into prior year comparisons:

  • Strong net interest income in Q4 2024 at approximately $218 million, a recovery compared to Q1-Q3 2024 when some quarters reported negative net interest income (e.g., Q2 and Q1 2024 showed negative net interest income).
  • Positive net income continuing operations in Q4 2024 ($6.7 million) after losses reported in Q3 2024 (-$0.4 million), illustrating a return to profitability.
  • Consistent dividend payments each quarter in 2024, with Q4 dividends maintained despite some quarterly net income volatility, signaling potential commitment to shareholder returns.
  • Total equity remained stable around $830 million to $860 million throughout 2023-2024, indicating a solid capital base.
  • Cash and due from banks fluctuated but was generally in the $9 million to $49 million range, reflecting some liquidity variability but generally sufficient cash levels.
  • Debt levels remain high, with long-term debt around $1.0 to $1.06 billion consistently across quarters, suggesting sustained leverage for investment strategies.
  • Non-cash adjustments and depreciation/amortization showed significant volatility quarter to quarter, causing large swings in operating cash flow reconciliation, which adds complexity to cash flow interpretation.
  • Significant swings in total non-interest income, with large unrealized capital losses in multiple quarters (e.g., Q4 2024: -$110 million; Q3 2023: -$5.9 million; Q2 2024 positive $87.8 million but volatile), indicating sensitivity to investment valuations.
  • Operating cash flow from continuing operations was negative in Q4 2024 (-$43 million) and Q4 2023 (-$54.6 million), raising concerns on cash generation from core operations despite reported net income.
  • Repurchases of common equity and dividend payments remain sizable, which combined with negative operating cash flow, could pressure liquidity if not balanced with financing inflows.

Summary: CION Investment Corp’s financial performance over recent quarters shows a recovery in net interest income and net income by Q4 2024 after some prior quarterly losses. However, volatility in non-interest income, especially unrealized capital gains/losses, and negative operating cash flows raise caution. The business maintains a significant debt load and consistent dividend payouts, suggesting confidence but also potential liquidity risk if operational cash generation does not improve. Investors should monitor upcoming quarters for improvement in cash flows and stability in investment income components.

08/29/25 01:25 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About CION Investment's Financials

When does CION Investment's financial year end?

According to the most recent income statement we have on file, CION Investment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CION Investment's net income changed over the last 3 years?

CION Investment's net income appears to be on an upward trend, with a most recent value of $33.90 million in 2024, rising from $33.04 million in 2021. The previous period was $95.31 million in 2023. See where experts think CION Investment is headed by visiting CION Investment's forecast page.

How has CION Investment's revenue changed over the last 3 years?

Over the last 3 years, CION Investment's total revenue changed from -$31.81 million in 2021 to $190.47 million in 2024, a change of -698.8%.

How much debt does CION Investment have?

CION Investment's total liabilities were at $1.12 billion at the end of 2024, a 0.2% increase from 2023, and a 32.0% increase since 2021.

How much cash does CION Investment have?

In the past 3 years, CION Investment's cash and equivalents has ranged from $3.77 million in 2021 to $82.74 million in 2022, and is currently $7.67 million as of their latest financial filing in 2024.

How has CION Investment's book value per share changed over the last 3 years?

Over the last 3 years, CION Investment's book value per share changed from 0.02 in 2021 to 15.40 in 2024, a change of 93,826.2%.


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This page (NYSE:CION) was last updated on 8/29/2025 by MarketBeat.com Staff
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