CNFR · Conifer Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $43.30M | $67.27M | $98.76M | $104.89M | $115.96M | $103.49M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $11.47M | $11.83M | $17.89M | $18.79M | $16.51M | $18.47M |
| D&A | - | - | - | - | - | - |
| Operating Income | ($25.89M) | ($37.28M) | ($30.89M) | ($28.33M) | ($13.35M) | ($9.08M) |
| Interest Expense | $3.19M | $4.88M | $3.21M | $2.97M | $2.85M | $2.92M |
| Income Tax | $141.0K | ($1.84M) | $9.0K | ($9.44M) | $208.0K | $6.0K |
| Net Income | ($18.44M) | $23.53M | ($10.68M) | ($10.68M) | ($1.09M) | $595.0K |
| EPS - Basic | ($1.51) | $1.93 | ($2.12) | $0.06 | - | - |
| EPS - Diluted | ($1.51) | $1.93 | ($2.12) | $0.06 | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.36M | $27.65M | $11.13M | $28.04M | $9.91M | $8.19M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $239.28M | $281.66M | $311.80M | $312.35M | $290.40M | $261.60M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $12.19M | $11.93M | $25.06M | $33.88M | $33.56M | $41.00M |
| Total Liabilities | $230.32M | $260.13M | $308.92M | $293.40M | $249.90M | $217.18M |
| Stockholders' Equity | $8.97M | $21.52M | $2.89M | $18.95M | $40.50M | $44.41M |
| Retained Earnings | ($81.59M) | ($63.15M) | ($86.68M) | ($60.76M) | ($50.08M) | ($48.98M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($43.88M) | ($32.68M) | ($13.39M) | ($40.47M) | $5.36M | $2.98M |
| Investing Cash Flow | $28.09M | $70.29M | ($272.0K) | $56.50M | $1.38M | ($7.34M) |
| Financing Cash Flow | $15.50M | ($21.09M) | ($3.25M) | $2.09M | ($5.01M) | $5.08M |
| CapEx | - | - | - | - | - | $78.0K |
| Free Cash Flow | - | - | - | - | - | $2.90M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -59.8% | -55.4% | -31.3% | -27.0% | -11.5% | -8.8% |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | -42.6% | 35.0% | -10.8% | -10.2% | -0.9% | 0.6% |
| Free cash flow margin | - | - | - | - | - | 2.8% |
| FCF / Net income | - | - | - | - | - | 4.88 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | -8.5% | - | - | - | 1.0% |
| Return on assets | -7.7% | 8.4% | -3.4% | -3.4% | -0.4% | 0.2% |
| Return on equity | -205.6% | 109.3% | -369.7% | -56.4% | -2.7% | 1.3% |
| Return on invested capital | -96.7% | -111.4% | -87.3% | -42.4% | -14.2% | -10.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.36 | 0.55 | 8.67 | 1.79 | 0.83 | 0.92 |
| Debt / Assets | 0.05 | 0.04 | 0.08 | 0.11 | 0.12 | 0.16 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -8.1x | -7.6x | -9.6x | -9.5x | -4.7x | -3.1x |
| Equity multiplier | 26.69 | 13.09 | 107.93 | 16.48 | 7.17 | 5.89 |
| Liabilities / Assets | 0.96 | 0.92 | 0.99 | 0.94 | 0.86 | 0.83 |
| Efficiency | ||||||
| Asset turnover | 0.18 | 0.24 | 0.32 | 0.34 | 0.40 | 0.40 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -35.6% | -31.9% | -5.8% | -9.5% | 12.1% | 7.8% |
| Revenue CAGR (3y) | -25.5% | -16.6% | -1.5% | 3.0% | 5.4% | 2.2% |
| Revenue CAGR (5y) | -16.0% | -6.9% | -0.0% | 1.6% | 4.3% | 25.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 30.6% | -20.7% | -9.0% | -112.2% | -47.0% | 17.7% |
| Net income growth (YoY) | - | - | 0.0% | -876.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | -81.0% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -58.3% | 645.1% | -84.8% | -53.2% | -8.8% | 4.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$17.37M totalManagement Service$17.37M · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Conifer Holdings against the 5 most active filers in the same SIC group.