Citizens Inc Financials

CIA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Citizens Inc (CIA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Citizens Inc's revenue grew a modest 4.3% year-over-year to $255.6M. This slow but positive growth earns a score of 41/100.

Leverage

Citizens Inc has elevated debt relative to equity (D/E of 6.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Citizens Inc has a free cash flow margin of 6.9%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Citizens Inc generates a 6.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 7.1% the prior year.

Piotroski F-Score Neutral

4/9

Citizens Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, Citizens Inc generates $1.23 in operating cash flow ($18.0M OCF vs $14.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$255.6M

YoY+4.3%

5Y CAGR+1.4%

10Y CAGR+0.8%

Citizens Inc generated $255.6M in revenue in fiscal year 2025. This represents an increase of 4.3% from the prior year.

EBITDA

N/A

Net Income

$14.6M

YoY-2.2%

Citizens Inc reported $14.6M in net income in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$17.5M

YoY-43.9%

5Y CAGR-18.4%

10Y CAGR-14.8%

Citizens Inc generated $17.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 43.9% from the prior year.

Cash & Debt

$23.0M

YoY-21.5%

5Y CAGR-7.6%

10Y CAGR-12.0%

Citizens Inc held $23.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.7%

YoY-0.4pp

5Y CAGR+10.3pp

10Y CAGR+7.0pp

Citizens Inc's net profit margin was 5.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity

6.2%

YoY-0.9pp

5Y CAGR+9.9pp

10Y CAGR+7.5pp

Citizens Inc's ROE was 6.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$447K

YoY-32.6%

5Y CAGR+15.1%

10Y CAGR-2.7%

Citizens Inc invested $447K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 32.6% from the prior year.

CIA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$255.6M+4.3%	$245.0M+1.8%	$240.7M+3.5%	$232.5M-7.2%	$250.5M+4.9%	$238.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.9M+4133.8%	$68K-96.1%	$1.7M+26.8%	$1.4M+103.2%	-$42.2M-3075.4%	-$1.3M
Net Income	$14.6M-2.2%	$14.9M-39.0%	$24.4M-6.0%	$26.0M-64.2%	$72.7M+761.7%	-$11.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$72.1M+14.7%	$62.8M-3.5%	$65.1M+17.0%	$55.7M-12.3%	$63.5M+2.8%	$61.7M-0.6%	$62.1M+7.6%	$57.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$526K-74.5%	$2.1M+353.2%	$455K+377.4%	-$164K-272.6%	$95K-61.5%	$247K+137.6%	-$657K-271.5%	$383K
Net Income	$7.3M+203.6%	$2.4M-62.6%	$6.5M+498.0%	-$1.6M-144.8%	$3.6M+29.8%	$2.8M-29.5%	$4.0M-12.8%	$4.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CIA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.8B+4.1%	$1.7B+1.0%	$1.7B+4.9%	$1.6B-14.2%	$1.9B+0.6%	$1.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.0M-21.5%	$29.3M+8.4%	$27.0M+17.5%	$23.0M-15.8%	$27.3M-20.0%	$34.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+3.0%	$1.5B-1.5%	$1.5B+2.3%	$1.5B-4.6%	$1.5B-0.6%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$235.0M+11.7%	$210.4M+22.2%	$172.1M+34.7%	$127.8M+27.8%	$100.0M-66.8%	$300.9M
Retained Earnings	$71.7M+25.6%	$57.1M+35.4%	$42.1M+158.4%	$16.3M+135.8%	-$45.6M+44.7%	-$82.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.8B+0.7%	$1.7B+1.7%	$1.7B+0.6%	$1.7B+1.0%	$1.7B-2.9%	$1.7B+4.4%	$1.7B-0.2%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.0M-0.6%	$23.1M+2.0%	$22.7M+23.5%	$18.4M-37.3%	$29.3M-9.6%	$32.4M+22.9%	$26.3M+13.3%	$23.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+0.2%	$1.5B+2.2%	$1.5B0.0%	$1.5B+0.6%	$1.5B-3.5%	$1.5B+3.9%	$1.5B0.0%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$235.0M+4.2%	$225.6M-1.5%	$229.0M+5.0%	$218.1M+3.7%	$210.4M+1.3%	$207.6M+8.4%	$191.5M-1.9%	$195.2M
Retained Earnings	$71.7M+11.4%	$64.3M+3.9%	$61.9M+11.7%	$55.4M-2.8%	$57.1M+6.8%	$53.4M+5.5%	$50.7M+8.5%	$46.7M

CIA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$18.0M-43.6%	$31.9M+44.7%	$22.1M-61.3%	$56.9M+40.7%	$40.5M-17.2%	$48.8M
Capital Expenditures	$447K-32.6%	$663K+50.0%	$442K+342.0%	$100K-90.1%	$1.0M+355.7%	$221K
Free Cash Flow	$17.5M-43.9%	$31.3M+44.6%	$21.6M-62.0%	$56.8M+44.0%	$39.4M-18.9%	$48.6M
Investing Cash Flow	-$19.7M+27.6%	-$27.2M-87.5%	-$14.5M+76.1%	-$60.7M-47.9%	-$41.1M+33.5%	-$61.8M
Financing Cash Flow	-$4.6M-86.5%	-$2.5M+30.1%	-$3.5M-608.6%	-$499K+92.0%	-$6.2M-787.5%	$904K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$919K-66.0%	$2.7M-70.2%	$9.1M	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$9.1M+94.6%	$4.7M+34.7%	$3.5M+363.9%	$748K-93.1%	$10.8M+11.4%	$9.7M+111.8%	$4.6M-32.4%	$6.8M
Capital Expenditures	$104K+73.3%	$60K-65.9%	$176K+64.5%	$107K+4.9%	$102K-72.6%	$372K+184.0%	$131K+125.9%	$58K
Free Cash Flow	$9.0M+94.9%	$4.6M+40.0%	$3.3M+413.9%	$641K-94.0%	$10.7M+14.8%	$9.3M+109.6%	$4.5M-33.8%	$6.7M
Investing Cash Flow	-$8.5M-87.9%	-$4.5M-194.4%	$4.8M+142.0%	-$11.4M+17.4%	-$13.8M-341.7%	-$3.1M-326.3%	-$735K+92.2%	-$9.5M
Financing Cash Flow	-$733K-338.8%	$307K+107.8%	-$4.0M-1610.8%	-$231K-135.7%	-$98K+82.0%	-$545K+27.4%	-$751K+30.3%	-$1.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A

CIA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.7%-0.4pp	6.1%-4.1pp	10.2%-1.0pp	11.2%-17.8pp	29.0%+33.6pp	-4.6%
Return on Equity	6.2%-0.9pp	7.1%-7.1pp	14.2%-6.2pp	20.3%-52.4pp	72.7%+76.4pp	-3.6%
Return on Assets	0.8%-0.1pp	0.9%-0.6pp	1.5%-0.2pp	1.6%-2.3pp	3.9%+4.5pp	-0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.47-0.5	7.01-1.7	8.70-2.8	11.45-3.9	15.35+10.2	5.13
FCF Margin	6.9%-5.9pp	12.8%+3.8pp	9.0%-15.5pp	24.4%+8.7pp	15.7%-4.6pp	20.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.2%+6.3pp	3.9%-6.1pp	9.9%+12.8pp	-2.9%-8.6pp	5.7%+1.2pp	4.5%-1.9pp	6.4%-1.5pp	7.9%
Return on Equity	3.1%+2.0pp	1.1%-1.8pp	2.8%+3.6pp	-0.7%-2.5pp	1.7%+0.4pp	1.3%-0.7pp	2.1%-0.3pp	2.3%
Return on Assets	0.4%+0.3pp	0.1%-0.2pp	0.4%+0.5pp	-0.1%-0.3pp	0.2%+0.0pp	0.2%-0.1pp	0.2%-0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.47-0.3	6.72+0.2	6.48-0.3	6.80-0.2	7.01-0.4	7.36-0.3	7.68+0.1	7.53
FCF Margin	12.5%+5.1pp	7.3%+2.3pp	5.1%+3.9pp	1.1%-15.8pp	16.9%+1.8pp	15.1%+8.0pp	7.2%-4.5pp	11.7%

Similar Companies

Atlantic Amer AAME

$45.3M

Abacus Global Management ABL

$828.0M

Ni Hldgs Inc NODK

$263.3M

XChange TEC XHG

$44.1M

James River Group Holdings Inc JRVR

$281.3M

Frequently Asked Questions

What is Citizens Inc's annual revenue?

Citizens Inc (CIA) reported $255.6M in total revenue for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Citizens Inc's revenue growing?

Citizens Inc (CIA) revenue grew by 4.3% year-over-year, from $245.0M to $255.6M in fiscal year 2025.

Is Citizens Inc profitable?

Yes, Citizens Inc (CIA) reported a net income of $14.6M in fiscal year 2025, with a net profit margin of 5.7%.

What is Citizens Inc's net profit margin?

Citizens Inc (CIA) had a net profit margin of 5.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Citizens Inc's return on equity (ROE)?

Citizens Inc (CIA) has a return on equity of 6.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Citizens Inc's free cash flow?

Citizens Inc (CIA) generated $17.5M in free cash flow during fiscal year 2025. This represents a -43.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Citizens Inc's operating cash flow?

Citizens Inc (CIA) generated $18.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Citizens Inc's total assets?

Citizens Inc (CIA) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Citizens Inc's capital expenditures?

Citizens Inc (CIA) invested $447K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Citizens Inc's debt-to-equity ratio?

Citizens Inc (CIA) had a debt-to-equity ratio of 6.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Citizens Inc's return on assets (ROA)?

Citizens Inc (CIA) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Citizens Inc's Piotroski F-Score?

Citizens Inc (CIA) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Citizens Inc's earnings high quality?

Citizens Inc (CIA) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Citizens Inc?

Citizens Inc (CIA) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.