CION Investment Corporation

CIONNYSEFinancial Services● Active

$6.86

+$0.14(+2.08%)

Market Cap$341553981

P/E Ratio—

52W High$10.93

52W Low$6.5

Avg Volume650K

Open$6.76

Beta1.07

Free Cash Flow Financials Revenue

CION Investment Corporation (CION) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CION · free cash flow · updated Jun 8, 2026

Core FCF metrics

CION · FCF · TTM · margin & CAGR

Free cash flow was $76.8M for FY2025 (fiscal year ending 2025-12-31), down 12.9% year-over-year The FCF margin was 38.2%. Five-year CAGR stands at -17.3%.

FY2025 Free Cash Flow$76.8M▼ -12.9% YoY

Trailing 12M (TTM)$75.4Mtrailing 4 quarters sum

FCF Margin38.2%$76.8M ÷ revenue

3-Year CAGR+29.6%FY2022 → FY2025

5-Year CAGR-17.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CION · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$76.8M(0M)$76.8M▼ 12.9%38.2%

FY2024$88.2M(0M)$88.2M▲ +59.3%61.8%

FY2023$55.4M(0M)$55.4M▲ +57.0%28.8%

FY2022$35.3M(0M)$35.3M▲ +171.6%31.9%

FY2021−$49.2M(0M)−$49.2M▼ 124.8%-30.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CION · P/FCF · FCF yield · FCF per share

CION Investment Corporation (CION) trades at a FCF yield of 22.08% and a price-to-free-cash-flow ratio of 4.8x. FCF per share stands at $1.44, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

22.08%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.44

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CION · cash flow statement · operating / investing / financing

For FY2025, CION Investment Corporation generated $76.8M in operating cash flow and spent 0M in capital expenditures, yielding $76.8M in free cash flow.

Operating Activities

+$76.8M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$76.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($76.8M) − |CapEx| (0M) = FCF ($76.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

CION vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

CION Investment CorporationYOU

CION

$76.8M-12.9%38.2%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

CION Investment Corporation (CION) reported free cash flow of $76.8M for FY2025 (fiscal year ending 2025-12-31), down 12.9% year-over-year. The FCF margin was 38.2%.

Based on available data, CION Investment Corporation has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $198.7M in FY2020. The 5-year CAGR stands at -17.3%.

CION Investment Corporation's FCF yield is 22.08% and price-to-FCF ratio is 4.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CION free cash flow · 8 questions

CION Investment Corporation free cash flow was $76.8M for FY2025, down 12.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $75.4M.

CION free cash flowCION FCFCION FCF 2025CION free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · CION Investment Corporation · CION Investment Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026