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CION Investment Corp

CION

$7.52 ▲ +0.24 (+3.30%) at close

24 Visible periods

15 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

CION Investment Corp faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $382.0M

Dividend Yield 3.99%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-0.09

Trailing P/E —

Price / Book 0.6x

FCF Yield —

Debt / Equity 1.76

info Valuation on last close. End-of-day price, Aug 7, 2026.

24-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-23.03M

↑ +46.1% —

FCF / Share Free cash flow per share

$-0.09

↓ -110.5% —

Long-Term Debt Long-term obligations

$1.16B

↑ +2.9% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.44 Latest / share

-5.3% YoY

-8.3% 6-yr CAGR

FY 2018

FY 2019

$2.22

FY 2020

$2.52

FY 2021

$2.90

FY 2022

$3.22

FY 2023

$1.52

FY 2024

$1.44

FY 2025

Financial view

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Cadence

Annual Quarterly

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📈 Is growth accelerating? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
Net Income Growth YoY (%)	46.1% Excellent Excellent Year-over-year change in net income	N/M	N/M	22.1% Good Good Year-over-year change in net income	N/M	-89.3% Weak Weak Year-over-year change in net income	N/M	-19.8% Weak ↓ Weak Declining Year-over-year change in net income	N/M	434.8% Excellent Excellent Year-over-year change in net income	39.7% Excellent Excellent Year-over-year change in net income	N/M	N/M	-40.3% Weak Weak Year-over-year change in net income	35.3% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	N/M	—	-12.4% Weak Weak Year-over-year change in free cash flow	N/M	-96.8% Weak Weak Year-over-year change in free cash flow	—	N/M	52.5% Excellent Excellent Year-over-year change in free cash flow	31849.4% Excellent Excellent Year-over-year change in free cash flow	—	N/M	-22.8% Weak Weak Year-over-year change in free cash flow	N/M	—	45.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
FCF / Net Income (x)	0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.42x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.24x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-7.96x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-137.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.75x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	14.95x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.07x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.29x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	6.81x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	24.08x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.85x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.19x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.42x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
Return on Common Equity (%) (%)	-3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-5.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	4.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-5.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-0.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	5.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15%	5.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	1.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-0.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	0.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	1.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	2.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	1.76x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.59x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.40x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.45x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.45x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.34x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.26x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.23x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.23x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	—	1.16x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.17x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.21x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	1.04x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$1.16B	$1.13B	$1.08B	$1.10B	$1.10B	$1.10B	$1.05B	$1.06B	$1.06B	—	$1.00B	$976.74M	$1.00B	—	$950.49M	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
Free Cash Flow per Share (USD)	$-0.09	—	$0.85	$0.83	$0.11	—	$0.97	$-0.62	$3.57	—	$-0.25	$-1.31	$0.01	—	$0.00	$-1.07	$-0.51	—	$0.00	—	—	—	—	—
Dividend per Share (USD)	$0.30	$0.36	$0.36	$0.36	$0.36	$0.41	$0.34	$0.68	$0.68	$0.54	$0.68	$0.68	$0.68	$0.58	$0.56	$0.56	$0.56	—	$0.53	—	—	—	—	—
Book Value per Share (USD)	$13.11	$13.76	$14.86	$14.50	$14.28	$15.43	$15.73	$32.16	$32.11	$16.23	$31.61	$30.62	$30.21	$15.98	$32.52	$31.79	$32.39	$16.34	$16.52	—	—	$31.01	$33.61	—
Tangible Book Value per Share (USD)	$13.11	$13.76	$14.86	$14.50	$14.28	$15.43	$15.73	$32.16	$32.11	$16.23	$31.61	$30.62	$30.21	$15.98	$32.52	$31.79	$32.39	$16.34	$16.52	—	—	$31.01	$33.61	—
Basic Weighted Avg Shares (shares)	50.80M	—	52.07M	52.63M	53.07M	—	53.44M	26.80M	26.98M	—	27.28M	27.39M	27.55M	—	28.41B	28.48M	28.48M	—	28.39B	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
LT Debt (USD)	$1.16B	$1.13B	$1.08B	$1.10B	$1.10B	$1.10B	$1.05B	$1.06B	$1.06B	—	$1.00B	$976.74M	$1.00B	—	$950.49M	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$659.64M	$707.63M	$772.51M	$758.61M	$756.78M	$820.81M	$839.19M	$860.81M	$863.06M	$879.56M	$860.76M	$836.36M	$830.31M	$883.63M	$914.91M	$905.24M	$922.45M	$930.51M	$941.01M	$925.88M	$878.26M	$878.26M	$952.56M	—

📋 What is driving earnings? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗
Net Income, GAAP (USD)	$-23.03M	$-41.12M	$35.88M	$27.32M	$-42.70M	$5.46M	$-379.00K	$22.38M	$6.45M	$50.99M	$47.47M	$27.89M	$-31.05M	$9.54M	$33.98M	$-1.27M	$7.89M	$15.97M	$25.11M	—	—	—	—	—
Operating Cash Flow (USD)	$-4.55M	$-17.09M	$44.38M	$43.45M	$6.09M	$-43.43M	$52.00M	$-16.73M	$96.35M	$-54.60M	$-6.86M	$-36.00M	$308.00K	$64.95M	$15.43M	$-30.48M	$-14.63M	$3.09M	$10.64M	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 24 quarters

CION Investment Corp

Analytical Summary

24-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

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