CNFR: Conifer Holdings Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Conifer Holdings Inc (CNFR).

OverviewDividends

$14.30M Market Cap.

As of 05/14/2025 5:00 PM ET (MRY) • Disclaimer

CNFR Market Cap. (MRY)


CNFR Shares Outstanding (MRY)


CNFR Assets (MRY)


Total Assets

$281.66M

Total Liabilities

$260.13M

Total Investments

$128.42M

CNFR Income (MRY)


Revenue

$67.27M

Net Income

$24.35M

Operating Expense

$25.17M

CNFR Cash Flow (MRY)


CF Operations

-$32.68M

CF Investing

$70.29M

CF Financing

-$21.09M

CNFR Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$281,656,000 (-10.76%)

$315,606,000 (1.04%)

$312,350,000 (7.56%)

$290,404,000 (11.01%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$21,525,000 (645.07%)

$2,889,000 (-84.75%)

$18,950,000 (-53.21%)

$40,503,000 (-8.80%)

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Cash & Equivalents

$27,654,000 (159.35%)

$10,663,000 (-61.97%)

$28,035,000 (182.81%)

$9,913,000 (20.99%)

Accumulated Other Comprehensive Income

-$13,500,000 (7.08%)

-$14,528,000 (20.19%)

-$18,203,000 (-762.70%)

-$2,110,000 (-331.36%)

Deferred Revenue

$30,590,000 (-53.05%)

$65,150,000 (-4.03%)

$67,887,000 (4.01%)

$65,269,000 (16.09%)

Total Investments

$128,419,000 (-11.62%)

$145,305,000 (5.76%)

$137,397,000 (-24.81%)

$182,727,000 (-0.26%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$15,989,000 (-73.05%)

$59,319,000 (50.32%)

$39,462,000 (11.85%)

$35,282,000 (64.21%)

Trade & Non-Trade Payables

$2,495,000 (-87.05%)

$19,261,000 (28.29%)

$15,014,000 (25.29%)

$11,983,000 (37.85%)

Accumulated Retained Earnings (Deficit)

-$63,153,000 (27.14%)

-$86,683,000 (-42.66%)

-$60,760,000 (-21.33%)

-$50,079,000 (-2.23%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$11,932,000 (-52.39%)

$25,061,000 (-26.02%)

$33,876,000 (0.93%)

$33,564,000 (-18.13%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$260,131,000 (-16.82%)

$312,717,000 (6.58%)

$293,400,000 (17.41%)

$249,901,000 (15.06%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

CNFR Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$67,271,000 (-25.69%)

$90,522,000 (-13.70%)

$104,889,000 (-9.55%)

$115,963,000 (12.05%)

Cost of Revenue

$73,302,000 (-11.06%)

$82,413,000 (1.19%)

$81,440,000 (16.57%)

$69,861,000 (24.25%)

Selling General & Administrative Expense

$13,335,000 (-15.59%)

$15,797,000 (-28.77%)

$22,179,000 (-22.04%)

$28,451,000 (8.99%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$25,166,000 (-22.65%)

$32,535,000 (-20.58%)

$40,968,000 (-8.88%)

$44,960,000 (0.87%)

Interest Expense

$4,883,000 (52.31%)

$3,206,000 (7.91%)

$2,971,000 (4.17%)

$2,852,000 (-2.50%)

Income Tax Expense

-$1,840,000 (-421.25%)

-$353,000 (96.26%)

-$9,441,000 (-4638.94%)

$208,000 (3366.67%)

Net Loss Income from Discontinued Operations

-$58,587,000 (-4160.87%)

-$1,375,000 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$24,347,000 (193.99%)

-$25,904,000 (-142.52%)

-$10,681,000 (-876.33%)

-$1,094,000 (-283.87%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$24,347,000 (193.99%)

-$25,904,000 (-142.52%)

-$10,681,000 (-876.33%)

-$1,094,000 (-283.87%)

Preferred Dividends Income Statement Impact

$817,000 (4200.00%)

$19,000 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$23,530,000 (190.77%)

-$25,923,000 (-142.70%)

-$10,681,000 (-876.33%)

-$1,094,000 (-283.87%)

Weighted Average Shares

$12,222,881 (0.02%)

$12,220,511 (14.29%)

$10,692,090 (10.32%)

$9,691,998 (0.70%)

Weighted Average Shares Diluted

$12,222,881 (0.02%)

$12,220,511 (14.29%)

$10,692,090 (10.32%)

$9,691,998 (0.70%)

Earning Before Interest & Taxes (EBIT)

$27,390,000 (218.82%)

-$23,051,000 (-34.40%)

-$17,151,000 (-972.38%)

$1,966,000 (-44.24%)

Gross Profit

-$6,031,000 (-174.37%)

$8,109,000 (-65.42%)

$23,449,000 (-49.14%)

$46,102,000 (-2.45%)

Operating Income

-$31,197,000 (-27.72%)

-$24,426,000 (-39.43%)

-$17,519,000 (-1634.06%)

$1,142,000 (-57.50%)

CNFR Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$70,294,000 (25943.38%)

-$272,000 (-100.48%)

$56,503,000 (4003.34%)

$1,377,000 (118.77%)

Net Cash Flow from Financing

-$21,086,000 (-549.60%)

-$3,246,000 (-255.09%)

$2,093,000 (141.76%)

-$5,012,000 (-198.58%)

Net Cash Flow from Operations

-$32,679,000 (-144.02%)

-$13,392,000 (66.91%)

-$40,474,000 (-855.82%)

$5,355,000 (79.58%)

Net Cash Flow / Change in Cash & Cash Equivalents

$16,529,000 (197.75%)

-$16,910,000 (-193.31%)

$18,122,000 (953.60%)

$1,720,000 (135.94%)

Net Cash Flow - Business Acquisitions and Disposals

$58,278,000 (0%)

$0 (0%)

$30,315,000 (657.88%)

$4,000,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$19,200,000 (1247.64%)

-$1,673,000 (-106.39%)

$26,188,000 (822.83%)

-$3,623,000 (50.62%)

Capital Expenditure

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Issuance (Repayment) of Debt Securities

-$14,250,000 (-54.17%)

-$9,243,000 (-216.87%)

-$2,917,000 (41.66%)

-$5,000,000 (-197.66%)

Issuance (Purchase) of Equity Shares

$0 (0%)

-$3,000 (-100.06%)

$5,010,000 (41850.00%)

-$12,000 (66.67%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$78,000 (-58.95%)

$190,000 (-9.95%)

$211,000 (-3.21%)

$218,000 (-69.12%)

Depreciation Amortization & Accretion

$1,252,000 (484.05%)

-$326,000 (-144.23%)

$737,000 (-22.09%)

$946,000 (-13.37%)

CNFR Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-9.00% (-200.00%)

9.00% (-59.82%)

22.40% (-43.72%)

39.80% (-12.91%)

Profit Margin

35.00% (222.38%)

-28.60% (-180.39%)

-10.20% (-1033.33%)

-0.90% (-250.00%)

EBITDA Margin

42.60% (265.12%)

-25.80% (-65.38%)

-15.60% (-724.00%)

2.50% (-44.44%)

Return on Average Equity (ROAE)

130.80% (167.91%)

-192.60% (-271.81%)

-51.80% (-1818.52%)

-2.70% (-292.86%)

Return on Average Assets (ROAA)

8.00% (191.95%)

-8.70% (-135.14%)

-3.70% (-825.00%)

-0.40% (-300.00%)

Return on Sales (ROS)

40.70% (259.61%)

-25.50% (-55.49%)

-16.40% (-1064.71%)

1.70% (-50.00%)

Return on Invested Capital (ROIC)

9.40% (227.03%)

-7.40% (-32.14%)

-5.60% (-900.00%)

0.70% (-41.67%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

0.61 (216.76%)

-0.52 (66.94%)

-1.57 (92.56%)

-21.09 (-138.46%)

Price to Sales Ratio (P/S)

0.21 (43.92%)

0.15 (-7.50%)

0.16 (-17.53%)

0.19 (-36.60%)

Price to Book Ratio (P/B)

0.66 (-85.73%)

4.65 (359.78%)

1.01 (82.01%)

0.56 (-22.45%)

Debt to Equity Ratio (D/E)

12.09 (-88.84%)

108.24 (599.12%)

15.48 (150.94%)

6.17 (26.18%)

Earnings Per Share (EPS)

1.93 (191.04%)

-2.12 (-112.00%)

-1 (-809.09%)

-0.11 (-283.33%)

Sales Per Share (SPS)

5.5 (-25.69%)

7.41 (-24.50%)

9.81 (-18.01%)

11.96 (11.28%)

Free Cash Flow Per Share (FCFPS)

-2.67 (-143.98%)

-1.1 (71.04%)

-3.79 (-784.45%)

0.55 (78.39%)

Book Value Per Share (BVPS)

1.76 (646.19%)

0.24 (-86.68%)

1.77 (-57.60%)

4.18 (-9.43%)

Tangible Assets Book Value Per Share (TABVPS)

23.04 (-10.78%)

25.83 (-11.59%)

29.21 (-2.50%)

29.96 (10.24%)

Enterprise Value Over EBIT (EV/EBIT)

0 (0%)

-1 (50.00%)

-2 (-108.00%)

25 (38.89%)

Enterprise Value Over EBITDA (EV/EBITDA)

-0.06 (94.62%)

-1.04 (46.70%)

-1.95 (-111.49%)

17 (20.38%)

Asset Turnover

0.23 (-24.17%)

0.3 (-16.57%)

0.36 (-15.02%)

0.43 (4.93%)

Current Ratio

-

-

-

-

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$32,679,000 (-144.02%)

-$13,392,000 (66.91%)

-$40,474,000 (-855.82%)

$5,355,000 (79.58%)

Enterprise Value (EV)

-$1,615,229 (-106.63%)

$24,346,947 (-24.07%)

$32,064,629 (-35.22%)

$49,501,135 (-24.09%)

Earnings Before Tax (EBT)

$22,507,000 (185.72%)

-$26,257,000 (-30.49%)

-$20,122,000 (-2171.11%)

-$886,000 (-247.42%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$28,642,000 (222.52%)

-$23,377,000 (-42.42%)

-$16,414,000 (-663.67%)

$2,912,000 (-36.94%)

Invested Capital

$265,934,000 (-19.41%)

$330,004,000 (3.71%)

$318,191,000 (1.32%)

$314,055,000 (6.68%)

Working Capital

-

-

-

-

Tangible Asset Value

$281,656,000 (-10.76%)

$315,606,000 (1.04%)

$312,350,000 (7.56%)

$290,404,000 (11.01%)

Market Capitalization

$14,300,771 (6.37%)

$13,443,947 (-29.91%)

$19,179,629 (-14.84%)

$22,522,135 (-29.27%)

Average Equity

$17,992,500 (33.70%)

$13,457,250 (-34.73%)

$20,619,000 (-49.55%)

$40,867,750 (-2.01%)

Average Assets

$293,880,000 (-1.94%)

$299,685,750 (3.49%)

$289,584,500 (6.39%)

$272,190,250 (6.69%)

Invested Capital Average

$291,661,750 (-6.80%)

$312,928,750 (1.89%)

$307,110,250 (1.82%)

$301,630,500 (4.98%)

Shares

12,222,881 (0.00%)

12,222,881 (0.05%)

12,216,324 (25.84%)

9,707,817 (0.30%)