CĪON Investment
Provides senior-secured loans to U.S. middle-market companies.
Something off on this page? Send us feedback.
Profile
Provides senior-secured loans to U.S. middle-market companies through an externally managed business development company. First-lien lending is central, alongside unitranche, second-lien and selected other private-credit investments.
Senior-secured loans sit at the core of the investment portfolio. Unitranche and second-lien loans, collateralized securities, structured-product equity and unsecured debt supplement that exposure.
Investment activity focuses on U.S. middle-market companies, supporting growth capital, expansion, recapitalizations, acquisitions, leveraged buyouts and refinancings. CION Investment Management externally manages the vehicle and is affiliated with the broader CION Investments platform.
First-lien lending is the strategy's core posture, supplemented by selective higher-return and special-situations positions. Private-credit investment selection relies on the manager's sourcing process. The advisory relationship, underwriting and capital deployment shape the business.
Company facts
Categories
Key statistics
Year to date −23.9% · Average volume (30d) 548.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.27 | $0.29 | +9.4% | $49.8M | $49.8M | 0.0% | −1.58% |
| May 7, 2026Q1 FY26 | $0.27 | $0.25 | −7.4% | $49.1M | $49.5M | +0.8% | −1.35% |
| Mar 12, 2026Q4 FY25 | $0.39 | $0.35 | −10.3% | $51.8M | $53.8M | +3.9% | −5.35% |
| Nov 6, 2025Q3 FY25 | $0.35 | $0.74 | +111.4% | $52.4M | $61.3M | +17.0% | −1.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | −$16.6M | $52.6M | $61.3M | −$15.9M | $49.8M | $42.1M | |
| Gross profit | −$39.6M | $29.9M | $38.7M | −$38.2M | $39.4M | $31.8M | |
| Operating income | −$42.7M | $27.3M | $35.8M | −$41.1M | $1.5M | $65.1M | |
| Net income | −$42.7M | $27.3M | $35.9M | −$41.1M | −$23.0M | $41.2M | |
| Diluted EPS | −$0.80 | $0.52 | $0.69 | −$0.80 | −$0.45 | $0.83 | |
| Gross margin | — | 56.9% | 63.1% | — | 79.2% | 75.7% | |
| Operating margin | — | 52.0% | 58.4% | — | 3.0% | 154.7% |
Fiscal years (4-quarter sums)FY21 $163.8M · FY22 $110.8M · FY23 $192.2M · FY24 $142.8M · FY25 $81.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $162.6M · Total debt $1.16B · Total assets $1.85B · Shareholders' equity $667.8M
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.10 | |
| Jul 17, 2026 | Jul 17 | Jul 31 | $0.10 | |
| Jun 12, 2026 | Jun 12 | Jun 26 | $0.10 | |
| May 15, 2026 | May 15 | May 29 | $0.10 | |
| Apr 10, 2026 | Apr 10 | Apr 24 | $0.10 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.10 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.10 | |
| Jan 16, 2026 | Jan 16 | Jan 30 | $0.10 | cut from $0.36 |
Ownership
Shares outstanding 49.79M · Float 49.34M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bulldog Investors, LLP | 1.54M | 3.09% | 13F | Aug 14, 2026 |
| Invesco Ltd. | 1.37M | 2.75% | 13F | Aug 14, 2026 |
| Morgan Stanley | 1.27M | 2.54% | 13F | Aug 13, 2026 |
| Van Eck Associates Corp | 1.24M | 2.48% | 13F | Aug 14, 2026 |
| LPL Financial LLC | 1.02M | 2.05% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Golub Capital BDC
First-lien lending to sponsor-backed middle-market companies
- Sixth Street Specialty Lending
Senior-secured lending within the listed BDC peer market
- Bain Capital Specialty Finance
Direct secured-debt origination for middle-market borrowers
- Carlyle Secured Lending
Directly originated senior-secured U.S. middle-market finance
- Oaktree Specialty Lending
One-stop credit solutions spanning first- and second-lien loans
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CĪON Investment | $7.48 | +1.08% | $367.4M | 27.3 | 6.4 | 2.7 | +150.6% |
| Golub Capital BDC | $13.03 | +0.04% | $3.39B | 23.7 | 10.1 | 4.7 | −14.2% |
| Sixth Street Specialty Lending | $18.74 | −0.11% | $1.78B | 19.7 | 10.5 | 5.2 | −13.0% |
| Bain Capital Specialty Finance | $11.93 | 0.00% | $773.9M | 12.0 | 8.3 | 4.0 | −15.4% |
| Carlyle Secured Lending | $11.78 | −0.17% | $818.7M | 23.1 | 8.5 | 3.4 | −3.7% |
| Oaktree Specialty Lending | $13.02 | +0.12% | $1.15B | 26.9 | 9.6 | 4.1 | +12.3% |
| Median | 23.1 | 9.6 | 4.1 | −13.0% |