CION posts Q4 net loss of $41.1M; NAV drops 7.4% to $13.76; declares $0.30 Q2 div

CION Investment Corp

Q4 2025 net investment income $0.35/share; GAAP EPS $(0.80) from $59.5M unrealized losses on equity portfolio.
NAV fell 7.4% from $14.86 to $13.76; portfolio $1.70B, 80.8% first-lien, non-accrual 1.78% at fair value.
Repurchased 555,652 shares at $9.37 in Q4; total 5.54M shares at $10.02 for $55.5M through year-end.
Raised $307.5M unsecured debt: $172.5M in Dec 2025 (7.70% & 7.41% notes) and $135M baby bond (7.50% due 2031).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CION Investment Corp reported the fourth quarter ended December 31, 2025 results: revenue $53.8 million, net income $ (41,120 ), EPS $(0.80) per share.

Period: the fourth quarter ended December 31, 2025
Revenue: $53.8 million
Net income: $ (41,120 )
EPS: $(0.80) per share
Result: reported results

Exact text from the filing

outstanding 51,616,723 52,065,707 Distributions declared per share $ 0.36 $ 0.36 Total investment income for the three months ended December 31, 2025 and September 30, 2025 was $53.8 million and $78.7 million, respectively. The decrease in total investment income was primarily driven by lower interest income earned as a result of certain investment restructurings and

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Source: SEC EDGAR

accession 0001104659-26-026777

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