CION Investment Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting a net decrease in net assets from operations of $3,550 thousand for the third quarter.

Key Highlights

  • Net asset value per share declined to $13.20 at September 30, 2026, from $13.76 at December 31, 2025, according to the filing.
  • Total investments at fair value stood at $1,501,652 thousand at September 30, 2026, down from $1,812,990 thousand at December 31, 2025.
  • Total investment income for the nine months ended September 30, 2026 was $147,635 thousand, compared with $187,029 thousand for the same period in 2025.
  • Net investment income per share (basic and diluted) was $0.25 for the three months ended September 30, 2026, versus $0.74 for the same quarter in 2025.
  • Net realized and unrealized losses for the third quarter of 2026 totaled $15,877 thousand, resulting in a net decrease in net assets from operations of $3,550 thousand, or $(0.07) per share.
  • Shares outstanding as of October 28, 2026 were 49,202,704, reflecting ongoing share repurchase activity during the nine-month period.
  • Total financing arrangements (net of unamortized debt issuance costs) were $884,283 thousand at September 30, 2026, compared with $1,125,580 thousand at December 31, 2025.

CION Investment Corporation's Third Quarter 2026 Financial Results

According to the filing, CION Investment Corporation (NYSE:CION) reported total investment income of $48,305 thousand for the three months ended September 30, 2026, a decline from $78,711 thousand in the same quarter of 2025. The company attributed the composition of income across non-controlled, non-affiliated investments; non-controlled, affiliated investments; and controlled investments. Total operating expenses for the third quarter of 2026 were $36,068 thousand, compared with $40,239 thousand a year earlier, with interest expense representing the largest single component at $23,852 thousand.

The filing disclosed net investment income after taxes of $12,327 thousand for the third quarter of 2026, against $38,567 thousand for the third quarter of 2025. Net realized losses for the quarter were $9,168 thousand, and the net change in unrealized depreciation was $6,709 thousand, producing combined net realized and unrealized losses of $15,877 thousand. As a result, the company reported a net decrease in net assets resulting from operations of $3,550 thousand, or $(0.07) per share, for the quarter ended September 30, 2026.

On the balance sheet, total assets were $1,554,750 thousand at September 30, 2026, down from $1,854,800 thousand at December 31, 2025. Total shareholders' equity decreased to $649,465 thousand from $707,628 thousand over the same period. The filing shows accumulated distributable losses widened to $(337,361) thousand at September 30, 2026 from $(296,919) thousand at December 31, 2025. The weighted average shares of common stock outstanding for the nine months ended September 30, 2026 were 49,883,217, reflecting repurchase activity that reduced the share count during the period.

What Was Disclosed

CION Investment Corporation disclosed its unaudited consolidated financial results for the quarter and nine months ended September 30, 2026, including balance sheet data, income statement figures, shareholder equity movements, and per-share metrics, in a Form 10-Q filed November 5, 2026.