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CION Investment Corp (CION) AI Stock Analysis
CION Investment Corp
(NYSE:CION)
Overall score reflects pressured core financial performance (recent losses and elevated leverage) and weak technical momentum as the primary drags. Offsetting these are a constructive earnings update focused on NAV improvement, deleveraging and buybacks, plus supportive corporate actions that accelerate balance-sheet strengthening; valuation is helped by the high dividend yield but tempered by sustainability concerns.
CION Investment Corp (CION) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $336.05M
- Dividend Yield
- 19.91%
- Average Volume (3M)
- 413.19K
- Price to Earnings (P/E)
- 25.3
- Beta (1Y)
- 0.96
- Revenue Growth
- 3.63%
- EPS Growth
- ―
- Country
- US
- Employees
- 500
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
CION Investment Corp Business Overview & Revenue Model
Company Description
CION Investment Corporation operates as a Business Development Company (BDC) with a core focus on providing capital to middle-market businesses. It specializes in various debt instruments, including senior secured loans (such as unitranche, First Lie...
CION Investment Corp Earnings Call Summary
The call emphasized meaningful progress: NAV growth (+3.5% QoQ), improved NII ($0.29 vs $0.25), validated portfolio marks via >$64M of sales at ~99% of par, clear deleveraging actions (net debt/equity down to 1.52x with a ~1.35x target), increased repurchase authorization ($130M), strong liquidity (~$160M cash) and a defensive portfolio mix (~79% first-lien, ~98% risk-rated 3+). Headwinds include continued market skepticism reflected in a deep market-price discount, selective credit issues (Thrill 1 bankruptcy, Lux Credit realized loss), a rise in risk-rated 3 exposures, and a deliberate pause on new originations to prioritize repurchases. On balance, the operational and balance-sheet improvements and the validation of valuation marks outweigh the challenges, though the market valuation remains a headwind.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that Cion will prioritize share repurchases and deleveraging while maintaining its monthly base distribution of $0.30 per share ($0.10/month), increasing the buyback authorization by $15M to $130M and materially reducing/pausing new originations (other than follow‑ons); they continue to expect Longview Power proceeds to meaningfully support coverage, repurchases and deleveraging. The firm is targeting a pro forma net leverage of ~1.35x (historical operating range 1.3–1.4x) after a planned ~$270M deleveraging program—including repayment of $115M Republic bonds, a $125M JPM paydown already completed—and expects unsecured debt to rise to roughly 80% (Q2: ~75% unsecured / 25% secured) with ~60% of debt floating rate. Key Q2 metrics cited in support of the guidance: NAV $13.57/sh (up 3.5% QoQ from $13.11), net investment income $14.2M or $0.29/sh (vs $0.25 Q1; timing impacted by $0.02/sh), portfolio fair value $1.65B, total assets ≈ $1.8B, total equity $668M, total debt $1.17B, 49.2M shares outstanding, cash & short‑term investments >$160M plus $25M available under facilities, ≈$1.3B unencumbered assets, weighted average yield on debt investments 10.6% (from 10.4%), weighted average cost of debt ~7.5%, interest coverage ~2x, net debt/equity 1.52x (from 1.62x), ~79% first‑lien, ~98% risk‑rated 3+ (risk‑rated 3 rose to 14.1% from 12.9%), non‑accruals at fair value 1.44% (from 1.53%) and at amortized cost 4.41% (from 5.35%), sold >$64M of assets at ~99% of par validating marks, and expect the deleveraging/repurchase program to be substantially complete by end of Q3/Q4.
CION Investment Corp Financial Statement Overview
Summary
Financials are mixed: profitability has deteriorated into a net loss in 2025 and remains loss-making on a TTM basis, while leverage is elevated (debt above equity in recent periods), increasing balance-sheet risk. Cash flow is a partial offset with positive operating and free cash flow in 2023–2025 and TTM, though recent free cash flow growth has turned negative.
Income Statement
46NeutralBalance Sheet
40NegativeCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.22M | 201.25M | 142.82M | 192.17M | 110.76M | 163.79M |
| Gross Profit | 71.74M | 149.76M | 45.95M | 106.61M | 61.14M | 131.98M |
| EBITDA | 65.05M | 77.35M | 67.65M | 95.26M | 55.83M | 121.91M |
| Net Income | 12.95M | -20.63M | 33.90M | 95.31M | 50.14M | 118.76M |
Balance Sheet | ||||||
| Total Assets | 1.85B | 1.85B | 1.95B | 2.00B | 1.87B | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 162.60M | 124.17M | 7.67M | 8.41M | 82.74M | 3.77M |
| Total Debt | 1.16B | 1.13B | 1.10B | 1.08B | 951.32M | 822.37M |
| Total Liabilities | 1.18B | 1.15B | 1.12B | 1.12B | 988.78M | 852.17M |
| Stockholders Equity | 667.78M | 707.63M | 820.81M | 879.56M | 883.63M | 930.51M |
Cash Flow | ||||||
| Free Cash Flow | 53.54M | 76.83M | 88.19M | 55.38M | 35.28M | -49.25M |
| Operating Cash Flow | 53.54M | 76.83M | 88.19M | 55.38M | 35.28M | -49.25M |
| Investing Cash Flow | -28.14M | 0 | 0 | -49.95M | -487.95M | -660.99M |
| Financing Cash Flow | -43.22M | -76.34M | -88.94M | 22.83M | 43.69M | 33.11M |
CION Investment Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CION, the sentiment is Positive. The current price of 6.83 is above the 20-day moving average (MA) of 6.71, below the 50-day MA of 6.93, and above the 200-day MA of 6.75, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 74.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CION.
CION Investment Corp Risk Analysis
CION Investment Corp disclosed 1 risk factors in its most recent earnings report. CION Investment Corp reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New RisksCION Investment Corp Peers Comparison
Overall Rating
GLAD73Outperform
PNNT64Neutral
CION56Neutral
CCAP47.7Neutral
SAR47Neutral
TCPC43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 73Outperform | $433.11M | 8.95 | 10.19% | 10.34% | -38.83% | -36.61% | |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| 64Neutral | $202.42M | 19.57 | 2.27% | 31.07% | 138.32% | -27.91% | |
| 56Neutral | $345.40M | 25.30 | 1.84% | 19.91% | 3.63% | ― | |
| 48Neutral | $346.90M | -103.89 | -0.46% | 16.90% | -28.84% | -107.31% | |
| 47Neutral | $212.08M | -54.40 | -1.08% | 23.90% | -10.96% | -110.82% | |
| 43Neutral | $359.10M | -3.31 | -17.68% | 18.10% | -141.00% | -809.18% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CION | Cion Investment Corp. | 6.83 | -0.84 | -10.94% | |
| GLAD | Gladstone Capital | 19.15 | 1.89 | 10.96% | |
| PNNT | Pennantpark Investment | 3.09 | -2.10 | -40.47% | |
| SAR | Saratoga Investment | 13.60 | -5.49 | -28.74% | |
| TCPC | BlackRock TCP Capital Corp. | 4.20 | -0.40 | -8.62% | |
| CCAP | Crescent Capital Bdc, Inc. | 9.35 | -3.00 | -24.27% |
CION Investment Corp Corporate Events
CION Investment Corp Eyes AI-Driven Wedding Platform Spin-Off
PositiveOn October 22, 2026, David’s Bridal and SPAC K&F Growth Acquisition Corp. II entered a non-binding letter of intent for a proposed business combination that would separate Pearl, the AI-powered wedding planning and commerce platform, into a...
CION Investment Schedules Third-Quarter 2026 Earnings Release
NeutralCION Investment Corporation announced on October 1, 2026, that it will release financial results for the third quarter ended September 30, 2026, on Thursday, November 5, 2026, before U.S. markets open. Management will discuss the results on a same-da...
CION Investment Corp Completes Major Debt Repayments, Deleverages
PositiveOn September 29, 2026, CION Investment Corporation reported that it had fully repaid $114.8 million of Israel Series A unsecured notes listed on the Tel Aviv Stock Exchange and roughly $200 million of advances under its JPMorgan senior secured credit...
CION Investment Launches Senior Loan Fund Joint Venture
PositiveOn September 17, 2026, CION Investment Corp. entered into an amended and restated LLC agreement to launch Senior Loan Fund Partners, LLC, a Delaware joint venture with institutional investors targeting senior secured first lien loans to U.S. middle-m...
CION Investment Expands Buybacks and Strengthens Balance Sheet
PositiveFor the quarter ended June 30, 2026, CION Investment Corporation reported net investment income of $0.29 per share and earnings of $0.62 per share, while net asset value per share rose 3.5% to $13.57, driven mainly by mark-to-market gains on equity h...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 22, 2026