Conifer Holdings, Inc. (CNFR) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Conifer reported revenue of $43.3M, down 35.6% from $67.3M the year before. Net income was -$18.4M (a -42.6% net margin), or -$10.57 per diluted share. Operating margin was -59.8%. Operating activities generated -$43.9M of cash. At fiscal year end, Conifer held $239.3M in total assets against $230.3M in total liabilities, including $27.4M of cash and equivalents.
Open the full interactive Conifer financials → Quarterly statements, key ratios, valuation history and price charts.
Conifer Key Stats
| Share Price | $8.00 |
|---|---|
| Market Cap | $30.0M |
| Revenue YoY Growth | -35.6% |
| 52-Week Range | $3.36 – $10.85 |
| Shares Outstanding | 3.7 million (basic, 2026 Q2) |
Conifer Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $103.5M | $116.0M | $104.9M | $98.8M | $67.3M | $43.3M |
| Operating Income | -$9.1M | -$13.3M | -$28.3M | -$30.9M | -$37.3M | -$25.9M |
| Pre-Tax Income | -$238,000 | -$1.7M | -$20.5M | -$25.6M | -$36.1M | -$18.3M |
| Income Tax | $6,000 | $208,000 | -$9.4M | $9,000 | -$1.8M | $141,000 |
| Net Income | $595,000 | -$1.1M | -$10.7M | -$25.9M | $24.3M | -$18.4M |
| Diluted EPS | $0.42 | -$0.77 | -$7.00 | -$14.84 | $13.51 | -$10.57 |
Conifer Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.7M | $4.6M | $11.5M | $9.1M |
| Net Income | -$4.0M | -$17.0M | $2.6M | $2.5M |
| Diluted EPS | -$2.24 | -$1.39 | $1.05 | $0.68 |
Conifer Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.2M | $9.9M | $28.0M | $11.1M | $27.7M | $27.4M |
| Total Assets | $261.6M | $290.4M | $312.4M | $311.8M | $281.7M | $239.3M |
| Total Long-Term Debt | $41.0M | $33.6M | $33.9M | $25.1M | $11.9M | $12.2M |
| Total Liabilities | $217.2M | $249.9M | $293.4M | $308.9M | $260.1M | $230.3M |
| Shareholders' Equity | $44.4M | $40.5M | $18.9M | $2.9M | $21.5M | $9.0M |
Conifer Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.0M | $5.4M | -$40.5M | -$13.4M | -$32.7M | -$43.9M |
| Cash From Investing | -$7.3M | $1.4M | $56.5M | -$272,000 | — | — |
| Cash From Financing | $5.1M | -$5.0M | $2.1M | -$3.2M | -$21.1M | $15.5M |
| Free Cash Flow | $2.9M | — | — | — | — | — |
Figures from Conifer's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Conifer financials page for every line item.
Conifer Company Profile
| Ticker | CNFR |
|---|---|
| Exchange | Nasdaq |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Troy, Michigan |
| Incorporated in | Michigan |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001502292 |
Frequently Asked Questions
What was Conifer's revenue in fiscal 2025?
Conifer (CNFR) reported revenue of $43.3M for fiscal 2025.
What is Conifer's annual revenue history?
Conifer's annual revenue by fiscal year: 2020: $103.5M; 2021: $116.0M; 2022: $104.9M; 2023: $98.8M; 2024: $67.3M; 2025: $43.3M.
What was Conifer's net income in fiscal 2025?
Conifer reported net income of -$18.4M for fiscal 2025.
What was Conifer's earnings per share (EPS) in fiscal 2025?
Conifer's diluted EPS was -$10.57 for fiscal 2025 (adjusted for any later stock splits).
What was Conifer's revenue last quarter?
In its most recent reported quarter (2026 Q2), Conifer reported revenue of $9.1M.
How much debt does Conifer have?
Conifer reported $12.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Conifer are outstanding?
Conifer reported a weighted average of 3.7 million basic shares outstanding in 2026 Q2.
What is Conifer's market cap?
Based on its latest closing price, Conifer (CNFR) has a market capitalization of about $30.0M.
When does Conifer's fiscal year end?
Conifer's fiscal year end, as registered with the SEC, is December 31.
Where is Conifer headquartered?
Conifer lists its business address in Troy, Michigan in its SEC filings.