Citizens Inc Financials

CIA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 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 16 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 31/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Citizens Inc's revenue grew a modest 1.8% year-over-year to $245.0M. This slow but positive growth earns a score of 34/100.

Leverage

Citizens Inc has elevated debt relative to equity (D/E of 7.01), 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 12.8%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Citizens Inc generates a 7.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 14.2% 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

2.14x

For every $1 of reported earnings, Citizens Inc generates $2.14 in operating cash flow ($31.9M OCF vs $14.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$245.0M

YoY+1.8%

5Y CAGR-0.4%

10Y CAGR+0.6%

Citizens Inc generated $245.0M in revenue in fiscal year 2024. This represents an increase of 1.8% from the prior year.

EBITDA

N/A

Free Cash Flow

$31.3M

YoY+44.6%

5Y CAGR-15.3%

10Y CAGR-10.7%

Citizens Inc generated $31.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 44.6% from the prior year.

Net Income

$14.9M

YoY-39.0%

Citizens Inc reported $14.9M in net income in fiscal year 2024. This represents a decrease of 39.0% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$29.3M

YoY+8.4%

5Y CAGR-8.7%

10Y CAGR-5.3%

Citizens Inc held $29.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.1%

YoY-4.1pp

5Y CAGR+6.6pp

10Y CAGR+8.7pp

Citizens Inc's net profit margin was 6.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.

Return on Equity

7.1%

YoY-7.1pp

Citizens Inc's ROE was 7.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 7.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Citizens Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$663K

YoY+50.0%

5Y CAGR+5.3%

10Y CAGR+3.3%

Citizens Inc invested $663K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 50.0% from the prior year.

CIA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$245.0M+1.8%	$240.7M+3.5%	$232.5M-7.2%	$250.5M+4.9%	$238.9M-4.7%	$250.5M
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	$68K-96.1%	$1.7M+26.8%	$1.4M+103.2%	-$42.2M-3075.4%	-$1.3M-118.7%	$7.1M
Net Income	$14.9M-39.0%	$24.4M-6.0%	$26.0M-64.2%	$72.7M+761.7%	-$11.0M-702.0%	-$1.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$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-13.7%	$66.8M
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	$2.1M+353.2%	$455K+377.4%	-$164K-272.6%	$95K-61.5%	$247K+137.6%	-$657K-271.5%	$383K+119.5%	-$2.0M
Net Income	$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-57.7%	$10.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CIA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.7B+1.0%	$1.7B+4.9%	$1.6B-14.2%	$1.9B+0.6%	$1.8B+5.6%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$29.3M+8.4%	$27.0M+17.5%	$23.0M-15.8%	$27.3M-20.0%	$34.1M-26.1%	$46.2M
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	$12.6M
Total Liabilities	$1.5B-1.5%	$1.5B+2.3%	$1.5B-4.6%	$1.5B-0.6%	$1.5B+3.9%	$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	$210.4M+22.2%	$172.1M+34.7%	$127.8M+27.8%	$100.0M-66.8%	$300.9M+15.8%	$259.8M
Retained Earnings	$57.1M+35.4%	$42.1M+158.4%	$16.3M+135.8%	-$45.6M+44.7%	-$82.4M-16.0%	-$71.0M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$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-0.2%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$23.1M+2.0%	$22.7M+23.5%	$18.4M-37.3%	$29.3M-9.6%	$32.4M+22.9%	$26.3M+13.3%	$23.2M-13.9%	$27.0M
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	$17.3M0.0%	$17.3M+0.9%	$17.2M+35.9%	$12.6M0.0%	$12.6M0.0%	$12.6M0.0%	$12.6M0.0%	$12.6M
Total Liabilities	$1.5B+2.2%	$1.5B0.0%	$1.5B+0.6%	$1.5B-3.5%	$1.5B+3.9%	$1.5B0.0%	$1.5B-1.8%	$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	$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+13.4%	$172.1M
Retained Earnings	$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+10.8%	$42.1M

CIA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$31.9M+44.7%	$22.1M-61.3%	$56.9M+40.7%	$40.5M-17.2%	$48.8M-32.4%	$72.2M
Capital Expenditures	$663K+50.0%	$442K+342.0%	$100K-90.1%	$1.0M+355.7%	$221K-56.8%	$511K
Free Cash Flow	$31.3M+44.6%	$21.6M-62.0%	$56.8M+44.0%	$39.4M-18.9%	$48.6M-32.2%	$71.7M
Investing Cash Flow	-$27.2M-87.5%	-$14.5M+76.1%	-$60.7M-47.9%	-$41.1M+33.5%	-$61.8M+10.9%	-$69.3M
Financing Cash Flow	-$2.5M+30.1%	-$3.5M-608.6%	-$499K+92.0%	-$6.2M-787.5%	$904K+141.8%	-$2.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$919K-66.0%	$2.7M-70.2%	$9.1M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$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+2.7%	$6.6M
Capital Expenditures	$60K-65.9%	$176K+64.5%	$107K+4.9%	$102K-72.6%	$372K+184.0%	$131K+125.9%	$58K-61.3%	$150K
Free Cash Flow	$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+4.1%	$6.5M
Investing Cash Flow	-$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-338.1%	$4.0M
Financing Cash Flow	$307K+107.8%	-$4.0M-1610.8%	-$231K-135.7%	-$98K+82.0%	-$545K+27.4%	-$751K+30.3%	-$1.1M-187.2%	-$375K
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	$0	$0	N/A	N/A	$200K

CIA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	6.1%-4.1pp	10.2%-1.0pp	11.2%-17.8pp	29.0%+33.6pp	-4.6%-4.0pp	-0.5%
Return on Equity	7.1%-7.1pp	14.2%-6.2pp	20.3%-52.4pp	72.7%	N/A	N/A
Return on Assets	0.9%-0.6pp	1.5%-0.2pp	1.6%-2.3pp	3.9%+4.5pp	-0.6%-0.5pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.01-1.7	8.70-2.8	11.45-3.9	15.35+10.2	5.13-0.6	5.72
FCF Margin	12.8%+3.8pp	9.0%-15.5pp	24.4%+8.7pp	15.7%-4.6pp	20.3%-8.3pp	28.6%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
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	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%-8.2pp	16.1%
Return on Equity	1.1%-1.8pp	2.8%+2.4pp	0.5%-1.3pp	1.7%+0.4pp	1.3%-0.7pp	2.1%-0.3pp	2.3%-3.9pp	6.2%
Return on Assets	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%-0.4pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.72+0.2	6.48-0.3	6.80-0.2	7.01-0.4	7.36-0.3	7.68+0.1	7.53-1.2	8.70
FCF Margin	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%+2.0pp	9.7%

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Frequently Asked Questions

What is Citizens Inc's annual revenue?

Citizens Inc (CIA) reported $245.0M in total revenue for fiscal year 2024. This represents a 1.8% 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 1.8% year-over-year, from $240.7M to $245.0M in fiscal year 2024.

Is Citizens Inc profitable?

Yes, Citizens Inc (CIA) reported a net income of $14.9M in fiscal year 2024, with a net profit margin of 6.1%.

What is Citizens Inc's net profit margin?

Citizens Inc (CIA) had a net profit margin of 6.1% in fiscal year 2024, 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 7.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Citizens Inc's free cash flow?

Citizens Inc (CIA) generated $31.3M in free cash flow during fiscal year 2024. This represents a 44.6% 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 $31.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Citizens Inc's total assets?

Citizens Inc (CIA) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Citizens Inc's capital expenditures?

Citizens Inc (CIA) invested $663K in capital expenditures during fiscal year 2024, 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 7.01 as of fiscal year 2024, 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 0.9% for fiscal year 2024, 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 2.14x, 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 31 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.