Symbols / CION Stock $7.80 -1.27% CION Investment Corporation

Financial Services • Asset Management • United States • NYQ
CION (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Michael A. Reisner Esq., J.D.
Exch · Country NYQ · United States
Market Cap 388.36M
Enterprise Value 1.51B
Income -20.63M
Sales 240.82M
FCF (ttm) 77.20M
Book/sh 13.76
Cash/sh 0.16
Employees —
Insider 10d —
IPO Oct 05, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 293.88%
P/E —
Forward P/E 7.65
PEG —
P/S 1.61
P/B 0.57
P/C —
EV/EBITDA —
EV/Sales 6.28
Quick Ratio 1.84
Current Ratio 1.94
Debt/Eq 159.06
LT Debt/Eq —
EPS (ttm) -0.39
EPS next Y 1.02
EPS Growth —
Revenue Growth -7.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-03-12
Earnings (prior) 2026-03-12
ROA 6.03%
ROE -2.70%
ROIC —
Gross Margin 100.00%
Oper. Margin 75.39%
Profit Margin -8.57%
Shs Outstand 49.79M
Shs Float —
Insider Own 0.63%
Instit Own 40.51%
Short Float 1.77%
Short Ratio 1.21
Short Interest 887.89K
52W High 10.93
vs 52W High -28.64%
52W Low 6.50
vs 52W Low 20.00%
Beta 1.14
Impl. Vol. 3.13%
Rel Volume 0.72
Avg Volume 639.17K
Volume 458.31K
Target (mean) $9.17
Tgt Median $10.00
Tgt Low $7.00
Tgt High $10.50
# Analysts 3
Recom None
Prev Close $7.90
Price $7.80
Change -1.27%
About

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization investments. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $30 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.17
Mean price target
2. Current target
$7.80
Latest analyst target
3. DCF / Fair value
$27.91
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.80
Low
$7.00
High
$10.50
Mean
$9.17

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-13 main Wells Fargo Underweight → Underweight $7
2025-08-12 main Wells Fargo Underweight → Underweight $9
2025-04-28 main Wells Fargo Underweight → Underweight $9
2025-03-17 down Wells Fargo Equal-Weight → Underweight $10
2024-10-29 main Wells Fargo Equal-Weight → Equal-Weight $12
2024-10-08 init Oppenheimer — → Perform $13
2024-05-15 main Wells Fargo Equal-Weight → Equal-Weight $12
2023-08-10 main Wells Fargo Equal-Weight → Equal-Weight $11
2023-04-18 down Wells Fargo Overweight → Equal-Weight $9
2023-03-17 main Wells Fargo — → Overweight $11
2022-11-11 main Wells Fargo — → Overweight $10
2022-10-24 main Wells Fargo — → Overweight $10
2022-07-25 up Wells Fargo Equal-Weight → Overweight $10
2022-04-25 main Wells Fargo — → Equal-Weight $12
2021-11-01 init Wells Fargo — → Equal-Weight $13
News
RSS: Latest CION news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-08-12 REISNER MICHAEL A Chief Executive Officer — 472 $10.57 $4,989
2025-05-27 FINLAY PETER I Director — 200 $9.66 $1,932
2025-05-22 ROMAN STEPHEN Officer — 600 $9.48 $5,688
2025-05-16 BREAKSTONE ROBERT A. Director — 500 $9.72 $4,860
2025-05-12 REISNER MICHAEL A Chief Executive Officer — 515 $9.69 $4,990
2025-05-12 GATTO MARK Chief Executive Officer — 2,070 $9.66 $19,996
2025-04-01 BRESNER GREGG A President — 2,000 $10.41 $20,890
2025-03-24 BREAKSTONE ROBERT A. Director — 500 $10.75 $5,375
2025-03-19 BRESNER GREGG A President — 3,000 $10.72 $32,420
2025-03-18 FINLAY PETER I Director — 250 $10.76 $2,690
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
-9.20
-120.03%
45.95
-56.90%
106.61
+74.38%
61.14
Operating Revenue
-9.20
-120.03%
45.95
-56.90%
106.61
+74.38%
61.14
Operating Expense
11.51
-3.57%
11.94
+5.17%
11.35
+6.84%
10.63
Selling General And Administration
11.01
-3.83%
11.45
+9.67%
10.44
+9.89%
9.50
General And Administrative Expense
11.01
-3.83%
11.45
+9.67%
10.44
+9.89%
9.50
Other Operating Expenses
0.50
+2.66%
0.49
-46.43%
0.91
-18.95%
1.12
Net Income
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Pretax Income
-20.72
-160.91%
34.01
-64.30%
95.26
+88.59%
50.51
Net Interest Income
121.90
-7.23%
131.40
-9.60%
145.35
+8.25%
134.27
Interest Expense
90.54
-6.53%
96.87
+13.22%
85.56
+72.41%
49.62
Interest Income
212.44
-6.93%
228.27
-1.14%
230.91
+25.56%
183.90
Gain On Sale Of Security
-39.57
-39.76%
-28.31
+11.32%
-31.93
+2.50%
-32.75
Tax Provision
-0.09
-179.44%
0.11
+298.15%
-0.05
-114.52%
0.37
Tax Rate For Calcs
0.00
+30.42%
0.00
-98.50%
0.00
+2751.71%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Net Income From Continuing Operation Net Minority Interest
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Net Income From Continuing And Discontinued Operation
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Net Income Continuous Operations
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Normalized Income
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Net Income Common Stockholders
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Diluted EPS
-0.39
-161.90%
0.63
-63.79%
1.74
+95.51%
0.89
Basic EPS
-0.39
-161.90%
0.63
-63.79%
1.74
+95.51%
0.89
Basic Average Shares
52.34
-2.28%
53.56
-2.05%
54.69
-3.31%
56.56
Diluted Average Shares
52.34
-2.28%
53.56
-2.05%
54.69
-3.31%
56.56
Diluted NI Availto Com Stockholders
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
1,854.80
-4.67%
1,945.73
-2.80%
2,001.72
Cash And Cash Equivalents
8.16
+6.38%
7.67
-8.85%
8.41
Cash Financial
8.16
+6.38%
7.67
-8.85%
8.41
Receivables
31.68
-34.15%
48.10
+27.63%
37.69
Prepaid Assets
—
—
1.35
Investments And Advances
1,812.99
-4.01%
1,888.69
-3.36%
1,954.27
Total Liabilities Net Minority Interest
1,147.17
+1.98%
1,124.92
+0.25%
1,122.16
Payables
9.11
-29.96%
13.00
-51.49%
26.80
Accounts Payable
9.08
-29.95%
12.96
-51.63%
26.80
Other Payable
0.03
-32.50%
0.04
—
Long Term Debt And Capital Lease Obligation
1,125.58
+2.40%
1,099.19
+1.62%
1,081.70
Stockholders Equity
707.63
-13.79%
820.81
-6.68%
879.56
Common Stock Equity
707.63
-13.79%
820.81
-6.68%
879.56
Capital Stock
0.05
-3.77%
0.05
-1.85%
0.05
Common Stock
0.05
-3.77%
0.05
-1.85%
0.05
Share Issued
51.42
-3.33%
53.19
-1.83%
54.18
Ordinary Shares Number
51.42
-3.33%
53.19
-1.84%
54.18
Treasury Shares Number
0.00
-21.93%
0.00
0.00
Additional Paid In Capital
1,004.50
-1.68%
1,021.68
-1.10%
1,033.03
Retained Earnings
-296.92
-47.77%
-200.93
-30.88%
-153.52
Total Equity Gross Minority Interest
707.63
-13.79%
820.81
-6.68%
879.56
Total Capitalization
1,833.21
-4.52%
1,920.00
-2.10%
1,961.26
Invested Capital
1,833.21
-4.52%
1,920.00
-2.10%
1,961.26
Total Debt
1,125.58
+2.40%
1,099.19
+1.62%
1,081.70
Net Debt
1,117.42
+2.37%
1,091.52
+1.70%
1,073.29
Net Tangible Assets
707.63
-13.79%
820.81
-6.68%
879.56
Tangible Book Value
707.63
-13.79%
820.81
-6.68%
879.56
Available For Sale Securities
116.01
+68.58%
68.82
-39.34%
113.45
Cash Cash Equivalents And Federal Funds Sold
8.16
+6.38%
7.67
-8.85%
8.41
Financial Assets Designatedas Fair Value Through Profitor Loss Total
1,696.98
-6.75%
1,819.87
-1.14%
1,840.82
Investmentin Financial Assets
1,812.99
-4.01%
1,888.69
-3.36%
1,954.27
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
76.83
-12.88%
88.19
+190.78%
-97.15
-375.39%
35.28
Net Income From Continuing Operations
-20.63
-160.85%
33.90
-64.43%
95.31
+90.09%
50.14
Other Non Cash Items
-70.31
-26.18%
-55.72
-35.33%
-41.17
-4.76%
-39.30
Gain Loss On Investment Securities
170.21
+31.95%
129.00
+190.32%
-142.82
-516.01%
34.33
Change In Working Capital
-2.44
+87.16%
-18.99
-124.10%
-8.47
+14.35%
-9.89
Change In Receivables
-0.25
+97.98%
-12.51
+16.84%
-15.05
-566.43%
-2.26
Change In Prepaid Assets
-0.71
-953.01%
0.08
+115.87%
-0.52
-45.68%
-0.36
Change In Accrued Expense
-0.16
+42.55%
-0.28
-166.82%
0.42
+17.55%
0.36
Change In Payable
-1.31
+79.05%
-6.27
-193.95%
6.68
+187.48%
-7.63
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-76.34
+14.16%
-88.94
-489.61%
22.83
-47.75%
43.69
Net Issuance Payments Of Debt
22.50
-10.00%
25.00
-81.46%
134.84
+5.76%
127.50
Issuance Of Debt
192.50
-36.36%
302.50
+27.45%
237.34
+86.15%
127.50
Repayment Of Debt
-170.00
+38.74%
-277.50
-170.73%
-102.50
0.00
Long Term Debt Issuance
192.50
-36.36%
302.50
+27.45%
237.34
+86.15%
127.50
Long Term Debt Payments
-170.00
+38.74%
-277.50
-170.73%
-102.50
0.00
Net Long Term Debt Issuance
22.50
-10.00%
25.00
-81.46%
134.84
+5.76%
127.50
Net Common Stock Issuance
-17.19
-51.49%
-11.35
+1.48%
-11.52
+25.42%
-15.44
Common Stock Payments
-17.19
-51.49%
-11.35
+1.48%
-11.52
+25.42%
-15.44
Common Stock Dividend Paid
-78.02
+12.80%
-89.48
+2.70%
-91.96
-37.99%
-66.64
Cash Dividends Paid
-78.02
+12.80%
-89.48
+2.70%
-91.96
-37.99%
-66.64
Repurchase Of Capital Stock
-17.19
-51.49%
-11.35
+1.48%
-11.52
+25.42%
-15.44
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
0.49
+165.64%
-0.74
+99.00%
-74.32
-194.12%
78.97
Beginning Cash Position
7.67
-8.85%
8.41
-89.83%
82.74
+2092.34%
3.77
End Cash Position
8.16
+6.38%
7.67
-8.85%
8.41
-89.83%
82.74
Free Cash Flow
76.83
-12.88%
88.19
+190.78%
-97.15
-375.39%
35.28
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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