CION Investment Corp
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
CION$6.30+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Investment income | |||
| Non-controlled, non-affiliated investments | |||
| Interest income | $123,768 | $165,786 | $184,013 |
| Paid-in-kind interest income | 29,782 | 31,397 | 22,317 |
| Fee income | 9,447 | 9,865 | 7,871 |
| Dividend income | 2,660 | 5,855 | 210 |
| Non-controlled, affiliated investments | |||
| Interest income | 8,550 | 6,426 | 7,068 |
| Paid-in-kind interest income | 13,627 | 11,692 | 8,372 |
| Fee income | 975 | 3,648 | 2,432 |
| Dividend income | 5,645 | 411 | 3,946 |
| Controlled investments | |||
| Interest income | 30,896 | 12,970 | 8,090 |
| Paid-in-kind interest income | 5,821 | — | 1,050 |
| Fee income | 9,650 | 4,382 | 1,391 |
| Dividend income | — | — | 4,250 |
| Total investment income | 240,821 | 252,432 | 251,010 |
| Operating expenses | |||
| Management fees | 26,076 | 27,321 | 26,856 |
| Administrative services expense | 5,180 | 4,783 | 3,971 |
| Subordinated incentive fee on income | 19,736 | 20,334 | 22,277 |
| General and administrative | 6,334 | 7,157 | 7,382 |
| Interest expense | 90,540 | 96,870 | 85,556 |
| Total operating expenses | 147,866 | 156,465 | 146,042 |
| Net investment income before taxes | 92,955 | 95,967 | 104,968 |
| Income tax (benefit) expense, including excise tax | (85) | 107 | (54) |
| Net investment income after taxes | 93,040 | 95,860 | 105,022 |
| Realized and unrealized (losses) gains | |||
| Net realized losses on: | |||
| Non-controlled, non-affiliated investments | (39,569) | (24,367) | (31,927) |
| Non-controlled, affiliated investments | — | (3,946) | — |
| Net realized losses | (39,569) | (28,313) | (31,927) |
| Net change in unrealized (depreciation) appreciation on: | |||
| Non-controlled, non-affiliated investments | (42,242) | (8,218) | 15,658 |
| Non-controlled, affiliated investments | 10,757 | 5,059 | (7,335) |
| Controlled investments | (42,617) | (30,486) | 13,896 |
| Net change in unrealized (depreciation) appreciation | (74,102) | (33,645) | 22,219 |
| Net realized and unrealized losses | (113,671) | (61,958) | (9,708) |
| Net (decrease) increase in net assets resulting from operations | $(20,631) | $33,902 | $95,314 |
| Per share information—basic and diluted | |||
| Net (decrease) increase in net assets per share resulting from operations | $(0.39) | $0.63 | $1.74 |
| Net investment income per share | $1.78 | $1.79 | $1.92 |
| Weighted average shares of common stock outstanding | 52,341,612 | 53,564,788 | 54,685,327 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.