Cion Investment Corp (CION) - Net Assets
Based on the latest financial reports, Cion Investment Corp (CION) has net assets worth $11.18 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($50.29 Million) and total liabilities ($39.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Cion Investment Corp strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.18 Million |
| % of Total Assets | 22.22% |
| Annual Growth Rate | 47.6% |
| 5-Year Change | -23.95% |
| 10-Year Change | -29.22% |
| Growth Volatility | 827.88 |
Cion Investment Corp - Net Assets Trend (2012–2025)
This chart illustrates how Cion Investment Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Cion Investment Corp.
Annual Net Assets for Cion Investment Corp (2012–2025)
The table below shows the annual net assets of Cion Investment Corp from 2012 to 2025. Also explore Cion Investment Corp annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $707.63 Million | -13.92% |
| 2024-12-31 | $822.08 Million | -6.54% |
| 2023-12-31 | $879.56 Million | -0.46% |
| 2022-12-31 | $883.63 Million | -5.04% |
| 2021-12-31 | $930.51 Million | +5.95% |
| 2020-12-31 | $878.26 Million | -7.80% |
| 2019-12-31 | $952.56 Million | -2.73% |
| 2018-12-31 | $979.27 Million | -7.50% |
| 2017-12-31 | $1.06 Billion | +5.89% |
| 2016-12-31 | $999.76 Million | +10.55% |
| 2015-12-31 | $904.33 Million | +82.18% |
| 2014-12-31 | $496.39 Million | +243.35% |
| 2013-12-31 | $144.57 Million | +3121.91% |
| 2012-12-31 | $4.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cion Investment Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1180129.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $51.00K | 0.01% |
| Other Components | $1.00 Billion | 141.95% |
| Total Equity | $707.63 Million | 100.00% |
Cion Investment Corp Competitors by Market Cap
The table below lists competitors of Cion Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centuria Office REIT
AU:COF
|
$355.03 Million |
|
XiAn Dagang Road Machinery Co
SHE:300103
|
$355.07 Million |
|
Oma Saastopankki Oyj
HE:OMASP
|
$355.08 Million |
|
Enanta Pharmaceuticals Inc
NASDAQ:ENTA
|
$355.33 Million |
|
X4 Pharmaceuticals Inc
NASDAQ:XFOR
|
$354.95 Million |
|
The Anup Engineering Limited
NSE:ANUP
|
$354.91 Million |
|
FuJian YanJing HuiQuan Brewery Co Ltd
SHG:600573
|
$354.85 Million |
|
NSI NV
AS:NSI
|
$354.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cion Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 820,810,000 to 707,628,000, a change of -113,182,000 (-13.8%).
- Net loss of 20,631,000 reduced equity.
- Dividend payments of 78,024,000 reduced retained earnings.
- Share repurchases of 17,190,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-20.63 Million | -2.92% |
| Dividends Paid | $78.02 Million | -11.03% |
| Share Repurchases | $17.19 Million | -2.43% |
| Other Changes | $2.66 Million | +0.38% |
| Total Change | $- | -13.79% |
Book Value vs Market Value Analysis
This analysis compares Cion Investment Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.53x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.40x to 0.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $17.94 | $7.13 | x |
| 2013-12-31 | $52.35 | $7.13 | x |
| 2014-12-31 | $29.52 | $7.13 | x |
| 2015-12-31 | $23.04 | $7.13 | x |
| 2016-12-31 | $18.87 | $7.13 | x |
| 2017-12-31 | $18.86 | $7.13 | x |
| 2018-12-31 | $17.16 | $7.13 | x |
| 2019-12-31 | $16.75 | $7.13 | x |
| 2020-12-31 | $15.46 | $7.13 | x |
| 2021-12-31 | $16.38 | $7.13 | x |
| 2022-12-31 | $15.62 | $7.13 | x |
| 2023-12-31 | $16.08 | $7.13 | x |
| 2024-12-31 | $15.32 | $7.13 | x |
| 2025-12-31 | $13.52 | $7.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cion Investment Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.25%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.62x
- Recent ROE (-2.92%) is below the historical average (4.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.56% | 131.58% | 0.00x | 1.25x | $-423.71K |
| 2013 | 4.22% | 96.24% | 0.04x | 1.04x | $-8.36 Million |
| 2014 | 3.29% | 73.74% | 0.04x | 1.02x | $-33.30 Million |
| 2015 | -0.16% | -12.68% | 0.01x | 1.06x | $-91.87 Million |
| 2016 | 11.97% | 92.85% | 0.10x | 1.26x | $19.70 Million |
| 2017 | 8.11% | 90.25% | 0.05x | 1.72x | $-19.97 Million |
| 2018 | 3.20% | 77.38% | 0.02x | 1.95x | $-66.62 Million |
| 2019 | 5.44% | 87.06% | 0.03x | 1.90x | $-43.41 Million |
| 2020 | -1.25% | 0.00% | 0.00x | 1.84x | $-98.85 Million |
| 2021 | 12.76% | 89.99% | 0.07x | 1.92x | $25.71 Million |
| 2022 | 5.67% | 82.01% | 0.03x | 2.12x | $-38.22 Million |
| 2023 | 10.84% | 49.60% | 0.10x | 2.28x | $7.36 Million |
| 2024 | 4.13% | 23.74% | 0.07x | 2.37x | $-48.18 Million |
| 2025 | -2.92% | -10.25% | 0.11x | 2.62x | $-91.39 Million |
Industry Comparison
This section compares Cion Investment Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cion Investment Corp (CION) | $11.18 Million | 0.56% | 3.50x | $355.00 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About Cion Investment Corp
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, … Read more