CION

Company Overview — What Does CION Investment Corp Do?

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. 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 $25 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. CION Investment Corp (CION) is classified as a small-cap stock in the Financials sector, specifically within the Financial Services industry. The company is led by CEO Michael A. Reisner. With a market capitalization of $342M, CION is one of the notable companies in the Financials sector.

CION Investment Corp (CION) Stock Rating — Reduce (April 2026)

As of April 2026, CION Investment Corp receives a Reduce rating with a composite score of 45.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.CION ranks #3,008 out of 4,446 stocks in our coverage universe. Within the Financials sector, CION Investment Corp ranks #726 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

CION Stock Price and 52-Week Range

CION Investment Corp (CION) currently trades at $6.92. The stock lost $0.17 (2.4%) in the most recent trading session. The 52-week high for CION is $11.07, which means the stock is currently trading -37.5% from its annual peak. The 52-week low is $6.50, putting the stock 6.5% above its annual trough. Recent trading volume was 718K shares, suggesting relatively thin trading activity.

Is CION Overvalued or Undervalued? — Valuation Analysis

CION Investment Corp (CION) carries a value factor score of 60/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 7.04x, compared to the Financials sector average of 14.88x — a discount of 53%. The price-to-book ratio stands at 0.46x, versus the sector average of 1.22x. The price-to-sales ratio is 2.22x, compared to 0.90x for the average Financials stock. On an enterprise value basis, CION trades at 46.33x EV/EBITDA, versus 3.26x for the sector.

Overall, CION's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

CION Investment Corp Profitability — ROE, Margins, and Quality Score

CION Investment Corp (CION) earns a quality factor score of 54/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 6.5%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.7% versus the sector average of 1.2%.

On a margin basis, CION Investment Corp reports gross margins of 89.3%. The operating margin is -76.1% (sector: 21.8%). Net profit margin stands at -86.2%, versus 17.7% for the average Financials stock. Revenue growth is running at 220.4% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

CION Debt, Balance Sheet, and Financial Health

CION Investment Corp has a debt-to-equity ratio of 140.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $1.08B. Cash and equivalents stand at $4M.

CION has a beta of 0.78, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for CION Investment Corp is 65/100, reflecting average volatility within the normal range for its sector.

CION Investment Corp Revenue and Earnings History — Quarterly Trend

In TTM 2026, CION Investment Corp reported revenue of $160M. Net income for the quarter was $50M. Gross margin was 89.3%. Operating income came in at $7M.

In Q3 2025, CION Investment Corp reported revenue of $74M. Net income for the quarter was $33M. Gross margin was 89.3%. Revenue grew 240.7% year-over-year compared to Q3 2024. Operating income came in at $8M.

In Q2 2025, CION Investment Corp reported revenue of $63M. Net income for the quarter was $27M. Gross margin was 78.0%. Revenue grew 172.7% year-over-year compared to Q2 2024. Operating income came in at $14M.

In Q1 2025, CION Investment Corp reported revenue of $2M. Net income for the quarter was $-10M. Gross margin was 0.0%. Revenue grew -93.0% year-over-year compared to Q1 2024. Operating income came in at $2M.

Over the past 8 quarters, CION Investment Corp has demonstrated a growth trajectory, with revenue expanding from $33M to $160M. Investors analyzing CION stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

CION Dividend Yield and Income Analysis

CION Investment Corp (CION) does not currently pay a dividend. This is common among smaller companies in the Financial Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

CION Momentum and Technical Analysis Profile

CION Investment Corp (CION) has a momentum factor score of 23/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 64/100 reflects moderate short selling activity.

CION vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, CION Investment Corp (CION) ranks #726 out of 891 stocks based on the Blank Capital composite score. This places CION in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing CION against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CION vs S&P 500 (SPY) comparison to assess how CION Investment Corp stacks up against the broader market across all factor dimensions.

CION Next Earnings Date

No upcoming earnings date has been announced for CION Investment Corp (CION) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy CION? — Investment Thesis Summary

The quantitative profile for CION Investment Corp suggests caution. The value score of 60/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 23/100, a headwind for near-term performance. Low volatility (stability score 65/100) reduces downside risk.

In summary, CION Investment Corp (CION) earns a Reduce rating with a composite score of 45.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CION stock.

Related Resources for CION Investors

Explore more research and tools: CION vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CION head-to-head with peers: CION vs WTM, CION vs OPY, CION vs ACT.