NYSE$CION
CION Investment Corporation · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
CION reported stable net investment income in Q4 2024 but faced net asset value declines due to portfolio adjustments.
CION Investment Corporation reported total investment income of $57.9 million in Q4 2024, with net investment income per share of $0.35. The company experienced a decrease in net asset value per share to $15.43 due to mark-to-market adjustments. Investments in senior secured loans remained the core of the portfolio, accounting for 86.1% of total investments.
- Total investment income reached $57.9 million, slightly lower than the prior quarter.
- Net investment income per share was $0.35, while EPS stood at $0.10.
- Net asset value per share decreased to $15.43 from $15.73 in Q3 2024.
- The company funded $100 million in new investment commitments and had $64 million in net portfolio growth.
Headline financials
Revenue & EPS history
CION · Revenue · Quarterly
$57.9M
Forward guidance
CION expects continued stable investment performance in 2025, supported by a strong portfolio of senior secured loans and prudent capital management.
Tailwinds
- Projected stable net investment income in 2025.
- Continued strong dividend distributions with a base distribution of $0.36 per share declared for Q1 2025.
- New credit facility with UBS improves capital flexibility and reduces interest costs.
- Strong portfolio performance with 93.8% of loans bearing floating rates.
- Potential for NAV stabilization through disciplined investment management.
Headwinds
- Net asset value per share declined due to portfolio mark-to-market adjustments.
- Lower SOFR rates impacted investment income during Q4 2024.
- Higher interest expense due to increased debt levels.
- Potential macroeconomic risks affecting portfolio companies.
- Market volatility could impact equity investment valuations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q4 2024
-0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+2.1%
Avg return
30 days after
62%
8 / 13 earnings
Positive
+7.0%
Q3 2025
Best reaction
-9.8%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | -13.7% | -15.1% | |
| Q4 2025 | -9.8% | +1.3% | +14.2% | |
| Q3 2025 | +7.0% | +5.5% | +9.0% | |
| Q2 2025 | +0.6% | +9.9% | +4.5% | |
| Q1 2025 | -0.9% | -2.8% | -7.4% | |
| Q4 2024 | -4.3% | -15.7% | -5.2% | |
| Q3 2024 | -3.6% | -4.0% | -3.4% | |
| Q2 2024 | +0.3% | +2.2% | +0.3% | |
| Q1 2024 | +0.3% | +4.8% | +3.2% | |
| Q3 2023 | +0.2% | +6.6% | +6.9% | |
| Q2 2023 | +3.0% | +0.5% | -4.1% | |
| Q1 2023 | +1.5% | -1.6% | +9.3% | |
| Q3 2022 | +3.4% | +7.3% | +14.8% |
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