CION on NYSE
CION Investment Corp
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Fee income | $20.1M | $17.9M | $11.7M |
| Total investment income | $240.8M | $252.4M | $251.0M |
| Management fees | $26.1M | $27.3M | $26.9M |
| Administrative services expense | $5.2M | $4.8M | $4.0M |
| Subordinated incentive fee on income | $19.7M | $20.3M | $22.3M |
| General and administrative | $6.3M | $7.2M | $7.4M |
| Interest expense | $90.5M | $96.9M | $85.6M |
| Total operating expenses | $147.9M | $156.5M | $146.0M |
| Net investment income before taxes | $93.0M | $96.0M | $105.0M |
| Income tax (benefit) expense, including excise tax | -$85.0K | $107.0K | -$54.0K |
| Net investment income after taxes | $93.0M | $95.9M | $105.0M |
| Net realized losses on: | -$39.6M | -$28.3M | -$31.9M |
| Net realized losses | -$39.6M | -$28.3M | -$31.9M |
| Net change in unrealized depreciation on investments | -$74.1M | -$33.6M | $22.2M |
| Net realized and unrealized losses | -$113.7M | -$62.0M | -$9.7M |
| Net (decrease) increase in net assets resulting from operations | -$20.6M | $33.9M | $95.3M |
| Net (decrease) increase in net assets per share resulting from operations (in dollars per share) | -$0.39 | $0.63 | $1.74 |
| Net investment income per share (in dollars per share) | $1.78 | $1.79 | $1.92 |
| Net investment income per share - diluted (in dollars per share) | $1.78 | $1.79 | $1.92 |
| Weighted average shares of common stock outstanding - basic (in shares) | 52.3M shares | 53.6M shares | 54.7M shares |
| Weighted average shares of common stock outstanding - diluted (in shares) | 52.3M shares | 53.6M shares | 54.7M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Investments, at fair value: | $1.8B | ||
| Cash | $8.2M | ||
| Interest and fees receivable on investments | $28.0M | ||
| Receivable due on investments sold and repaid | $3.7M | ||
| Prepaid expenses and other assets | $2.0M | ||
| Total assets | $1.9B | ||
| Financing arrangements (net of unamortized debt issuance costs of $14,263 and $18,156, respectively) | $1.1B | ||
| Payable for investments purchased | $2.5M | ||
| Accounts payable and accrued expenses | $785.0K | ||
| Interest payable | $5.8M | ||
| Accrued management fees | $6.4M | ||
| Accrued subordinated incentive fee on income | $3.9M | ||
| Accrued administrative services expense | $2.2M | ||
| Shareholder distribution payable | $0 | ||
| Share repurchases payable | $27.0K | ||
| Total liabilities | $1.1B | ||
| Common stock, $0.001 par value; 500,000,000 shares authorized; 54,184,636 and 54,184,636 shares issued and 54,184,636 and 54,184,636 shares outstanding, respectively | $51.0K | ||
| Capital in excess of par value | $1.0B | ||
| Accumulated distributable losses | -$296.9M | ||
| Total shareholders' equity | $707.6M | ||
| Total liabilities and shareholders' equity | $1.9B | ||
| Net asset value per share of common stock at end of period (in dollars per share) | $13.76 | $14.86 | $14.50 |
| Cost | $1.9B | ||
| Deferred financing costs, net | $14.3M | ||
| Common stock par or stated value per share (in dollars per share) | $0.00 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | ||
| Common stock, shares issued (in shares) | 51.4M shares | ||
| Common stock, shares outstanding (in shares) | 51.4M shares |
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (decrease) increase in net assets resulting from operations | -$20.6M | $33.9M | $95.3M |
| Net accretion of discount on investments | -$25.7M | -$16.8M | -$13.5M |
| Proceeds from principal repayment of investments | $349.2M | $443.6M | $287.5M |
| Purchase of investments | -$264.0M | -$464.1M | -$350.2M |
| Paid-in-kind interest and dividends capitalized | -$52.2M | -$44.5M | -$31.7M |
| (Increase) decrease in short term investments, net | -$47.2M | $44.6M | -$102.6M |
| Proceeds from sale of investments | $18.5M | $42.9M | $12.8M |
| Net realized loss on investments | $39.6M | $28.3M | $31.9M |
| Net change in unrealized depreciation (appreciation) on investments | $74.1M | $33.6M | -$22.2M |
| Amortization of debt issuance costs | $7.5M | $5.6M | $4.1M |
| (Increase) decrease in interest receivable on investments | $481.0K | -$10.5M | -$16.4M |
| (Increase) decrease in dividends receivable on investments | $0 | $0 | $1.3M |
| (Increase) decrease in receivable due on investments sold and repaid | -$734.0K | -$2.0M | $49.0K |
| (Increase) decrease in prepaid expenses and other assets | -$708.0K | $83.0K | -$523.0K |
| Increase (decrease) in payable for investments purchased | $1.5M | -$3.7M | $4.7M |
| Increase (decrease) in accounts payable and accrued expenses | -$249.0K | -$2.0K | $24.0K |
| Increase (decrease) in interest payable | -$2.5M | -$2.0M | $2.4M |
| Increase (decrease) in accrued management fees | -$338.0K | -$132.0K | -$31.0K |
| Increase (decrease) in accrued administrative services expense | $176.0K | -$150.0K | $453.0K |
| Increase (decrease) in subordinated incentive fee on income payable | -$82.0K | -$651.0K | -$450.0K |
| Increase (decrease) in share repurchase payable | -$13.0K | $40.0K | $0 |
| Net cash provided by (used in) operating activities | $76.8M | $88.2M | -$97.2M |
| Repurchase of common stock | -$17.2M | -$11.3M | -$11.5M |
| Shareholders' distributions paid | -$78.0M | -$89.5M | -$92.0M |
| Repayments under financing arrangements | -$170.0M | -$277.5M | -$102.5M |
| Borrowings under financing arrangements | $192.5M | $302.5M | $237.3M |
| Debt issuance costs paid | -$3.6M | -$13.1M | -$8.5M |
| Net cash (used in) provided by financing activities | -$76.3M | -$88.9M | $22.8M |
| Net increase (decrease) in cash | $489.0K | -$745.0K | -$74.3M |
| Cash paid for interest | $85.4M | $93.3M | $79.0M |
| Restructuring of portfolio investment | $135.8M | $92.7M | $118.3M |
| Equity investments received in settlement of fee income | $21.2M | $0 | $0 |
| Cash interest receivable exchanged for additional securities | $16.7M | $3.0M | $4.7M |
Former names
- CĪON Investment CorpDec 20, 2011 to Dec 20, 20112
Recent filings
- Oct 1, 20268-K
- Sep 29, 20268-K
- Sep 17, 20268-K
- Aug 6, 202610-Q
- Aug 6, 20268-K
- Jul 22, 202640-17G
- Jul 16, 20268-K
- Jul 15, 2026N-2
- Jul 1, 20268-K
- Jun 26, 20268-K
- May 7, 202610-Q
- May 7, 20268-K
- May 5, 2026DEFA14A
- Apr 30, 2026DEF 14A
- Apr 30, 2026DEFA14A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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