Conifer Holdings Financials
This page shows Conifer Holdings (CNFR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Conifer Holdings has an operating margin of -55.4%, meaning the company retains $-55 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -33.7% the prior year.
Conifer Holdings's revenue declined 25.7% year-over-year, from $90.5M to $67.3M. This contraction results in a growth score of 0/100.
Conifer Holdings carries a low D/E ratio of 0.55, meaning only $0.55 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Conifer Holdings earns a strong 113.1% return on equity (ROE), meaning it generates $113 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Conifer Holdings passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Conifer Holdings generates $-1.34 in operating cash flow (-$32.7M OCF vs $24.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Conifer Holdings earns $-7.6 in operating income for every $1 of interest expense (-$37.3M vs $4.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Conifer Holdings generated $67.3M in revenue in fiscal year 2024. This represents a decrease of 25.7% from the prior year.
Conifer Holdings reported $24.3M in net income in fiscal year 2024. This represents an increase of 193.9% from the prior year.
Conifer Holdings earned $1.93 per diluted share (EPS) in fiscal year 2024. This represents an increase of 191.0% from the prior year.
Conifer Holdings held $27.7M in cash against $11.9M in long-term debt as of fiscal year 2024.
Conifer Holdings had 12M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Conifer Holdings's operating margin was -55.4% in fiscal year 2024, reflecting core business profitability. This is down 21.8 percentage points from the prior year.
Conifer Holdings's net profit margin was 36.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 64.8 percentage points from the prior year.
Conifer Holdings's ROE was 113.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
CNFR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.7M-58.6% | $16.1M+1.6% | $15.9M+7.8% | $14.7M-17.7% | $17.9M-3.9% | $18.6M+19.5% | $15.6M-38.8% | $25.4M |
| 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 | -$2.9M+20.1% | -$3.6M+17.8% | -$4.4M+83.0% | -$26.1M-499.4% | -$4.4M-981.0% | $494K+102.5% | -$19.7M-271.4% | -$5.3M |
| Interest Expense | $874K+1.2% | $864K+59.7% | $541K-37.3% | $863K-0.6% | $868K-1.0% | $877K+3.8% | $845K-1.2% | $855K |
| Income Tax | $0 | $0 | $0-100.0% | $11K+103.3% | -$333K-120.5% | -$151K-245.2% | $104K+122.8% | -$457K |
| Net Income | -$4.0M-293.6% | $2.1M+292.9% | $522K+102.1% | -$24.6M-521.9% | -$4.0M-5437.8% | $74K+100.4% | -$19.5M-619.8% | -$2.7M |
| EPS (Diluted) | $-0.32-288.2% | $0.17+325.0% | $0.04+101.9% | $-2.08-550.0% | $-0.32-3300.0% | $0.01+100.6% | $-1.59-622.7% | $-0.22 |
CNFR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $285.0M+0.6% | $283.3M+2.2% | $277.1M-1.6% | $281.7M-3.9% | $292.9M-2.7% | $301.1M-4.6% | $315.6M+7.6% | $293.4M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $7.4M-66.2% | $22.0M+113.5% | $10.3M-62.8% | $27.7M+185.2% | $9.7M-44.0% | $17.3M+62.4% | $10.7M-25.8% | $14.4M |
| 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 | $259.7M+1.8% | $255.1M+1.4% | $251.5M-3.3% | $260.1M-11.5% | $294.1M-1.5% | $298.5M-4.5% | $312.7M+11.0% | $281.7M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $12.1M+0.5% | $12.1M+0.5% | $12.0M+0.5% | $11.9M-51.9% | $24.8M-0.5% | $24.9M-0.5% | $25.1M-0.8% | $25.3M |
| Total Equity | $25.3M-10.3% | $28.2M+10.3% | $25.6M+18.9% | $21.5M+1947.6% | -$1.2M-145.5% | $2.6M-11.4% | $2.9M-75.5% | $11.8M |
| Retained Earnings | -$64.5M-6.6% | -$60.6M+3.3% | -$62.6M+0.8% | -$63.2M+30.3% | -$90.6M-4.6% | -$86.6M+0.1% | -$86.7M-29.0% | -$67.2M |
CNFR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$681K+75.3% | -$2.8M+81.9% | -$15.3M+23.7% | -$20.0M-97.5% | -$10.1M-223.9% | $8.2M+164.6% | -$12.7M-1863.6% | $718K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$13.9M-196.0% | $14.4M+250.1% | -$9.6M-119.6% | $49.2M+1586.2% | $2.9M+287.2% | -$1.6M-141.3% | $3.8M-0.3% | $3.8M |
| Financing Cash Flow | $0 | $0-100.0% | $7.5M+266.7% | -$4.5M-1002.9% | -$408K+4.2% | -$426K-107.5% | $5.7M+163.6% | -$8.9M |
| Dividends Paid | $0 | N/A | N/A | $0+100.0% | -$176K-200.0% | $176K | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CNFR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -43.6%-21.0pp | -22.6%+5.3pp | -27.9%+149.2pp | -177.1%-152.8pp | -24.3%-27.0pp | 2.6%+129.4pp | -126.7%-105.8pp | -20.9% |
| Net Margin | -59.4%-72.2pp | 12.7%+9.4pp | 3.3%+170.1pp | -166.8%-144.7pp | -22.1%-22.5pp | 0.4%+125.4pp | -125.0%-114.4pp | -10.6% |
| Return on Equity | N/A | 7.3%+5.2pp | 2.0%-105.6pp | 107.6% | N/A | 2.9% | N/A | N/A |
| Return on Assets | -1.4%-2.1pp | 0.7%+0.5pp | 0.2%+8.9pp | -8.7%-7.4pp | -1.4%-1.4pp | 0.0%+6.2pp | -6.2%-5.3pp | -0.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.48+0.1 | 0.43-0.0 | 0.47-0.1 | 0.55+21.9 | -21.32-31.1 | 9.75+1.1 | 8.67+6.5 | 2.14 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Conifer Holdings's annual revenue?
Conifer Holdings (CNFR) reported $67.3M in total revenue for fiscal year 2024. This represents a -25.7% 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 Conifer Holdings's revenue growing?
Conifer Holdings (CNFR) revenue declined by 25.7% year-over-year, from $90.5M to $67.3M in fiscal year 2024.
Is Conifer Holdings profitable?
Yes, Conifer Holdings (CNFR) reported a net income of $24.3M in fiscal year 2024, with a net profit margin of 36.2%.
What is Conifer Holdings's earnings per share (EPS)?
Conifer Holdings (CNFR) reported diluted earnings per share of $1.93 for fiscal year 2024. This represents a 191.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Conifer Holdings have?
As of fiscal year 2024, Conifer Holdings (CNFR) had $27.7M in cash and equivalents against $11.9M in long-term debt.
What is Conifer Holdings's operating margin?
Conifer Holdings (CNFR) had an operating margin of -55.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Conifer Holdings's net profit margin?
Conifer Holdings (CNFR) had a net profit margin of 36.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Conifer Holdings's return on equity (ROE)?
Conifer Holdings (CNFR) has a return on equity of 113.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Conifer Holdings's operating cash flow?
Conifer Holdings (CNFR) generated -$32.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Conifer Holdings's total assets?
Conifer Holdings (CNFR) had $281.7M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Conifer Holdings have outstanding?
Conifer Holdings (CNFR) had 12M shares outstanding as of fiscal year 2024.
What is Conifer Holdings's debt-to-equity ratio?
Conifer Holdings (CNFR) had a debt-to-equity ratio of 0.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Conifer Holdings's return on assets (ROA)?
Conifer Holdings (CNFR) had a return on assets of 8.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Conifer Holdings's cash runway?
Based on fiscal year 2024 data, Conifer Holdings (CNFR) had $27.7M in cash against an annual operating cash burn of $32.7M. This gives an estimated cash runway of approximately 10 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Conifer Holdings's Piotroski F-Score?
Conifer Holdings (CNFR) 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 Conifer Holdings's earnings high quality?
Conifer Holdings (CNFR) has an earnings quality ratio of -1.34x, considered low quality (accrual-driven). 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.
Can Conifer Holdings cover its interest payments?
Conifer Holdings (CNFR) has an interest coverage ratio of -7.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Conifer Holdings?
Conifer Holdings (CNFR) scores 48 out of 100 on our Financial Profile, indicating moderate 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.