CIA

MKT CAP:$287M

Citizens, Inc.

Market Cap

$287M

Financial Services·Insurance - Life·🇺🇸 United States·NYSE

Financials·Insurance - Life·🇺🇸·NYSE

Stock Price

$5.54+$0.56 (+11.24%)

Apr 23, 2026

Company Details

Citizens, Inc., through its subsidiaries, provides life insurance products in the United States and internationally. It operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole li...

CEO

Jon Scott Stenberg

IPO Date

Dec 4, 1980

Website

www.citizensinc.com

Key Metrics TTM

Revenue

$247M

-0.5% YoY

Net Income

$11M

EPS (Diluted)

$0.22

Free Cash Flow

$19M

Revenue / Share

$4.84

Gross Margin

41.0%

Operating Margin

5.4%

Net Margin

4.4%

FCF Margin

7.8%

P/S

1.2x

P/E

26.4x

Earnings Reports

Q4 2025

May 14, 2026

PENDING

FY 2025

Mar 12, 2026

$256M+4.3%EPS $0.29

Q3 2025

Nov 6, 2025

$63M+1.7%EPS $0.05

Q2 2025

Aug 7, 2025

$65M+4.8%EPS $0.13

Q1 2025

May 8, 2025

$56M-3.6%EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$55M	$10M	-$3M
Q2 21	$64M	$19M	$6M
Q3 21	$62M	$9M	-$3M
Q4 21	$70M	$17M	-$7M
Q4 22	$67M	$16M	$2M
Q1 23	$56M	$19M	$7M
Q2 23	$59M	$20M	$6M
Q3 23	$59M	$18M	$5M
Q4 23	$67M	$22M	$9M
Q1 24	$58M	$18M	$5M
Q2 24	$62M	$33M	$3M
Q3 24	$62M	$29M	$3M
Q4 24	$63M	$31M	$4M
Q1 25	$56M	$18M	-$2M
Q2 25	$65M	$33M	$7M
Q3 25	$63M	$19M	$4M

Valuation

Quarter	P/S	P/E
Q1 21	1.3x	—
Q2 21	1.1x	—
Q3 21	1.3x	1639.4x
Q4 21	1.1x	7.3x
Q4 22	0.4x	2.6x
Q1 23	0.7x	4.1x
Q2 23	0.5x	2.3x
Q3 23	0.6x	8.4x
Q4 23	0.6x	5.6x
Q1 24	0.4x	4.3x
Q2 24	0.6x	6.5x
Q3 24	0.7x	8.2x
Q4 24	0.8x	13.4x
Q1 25	0.9x	26.0x
Q2 25	0.7x	15.5x
Q3 25	1.1x	24.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$2M	$2M
Q2 21	$7M	$6M
Q3 21	$15M	$15M
Q4 21	$17M	$17M
Q4 22	$17M	$17M
Q1 23	$7M	$7M
Q2 23	$5M	$5M
Q3 23	$3M	$3M
Q4 23	$7M	$6M
Q1 24	$7M	$7M
Q2 24	$5M	$4M
Q3 24	$10M	$9M
Q4 24	$11M	$11M
Q1 25	$748.0K	$641.0K
Q2 25	$3M	$3M
Q3 25	$5M	$5M

Capital Expenditures

Quarter	CapEx
Q1 21	$15.0K
Q2 21	$758.0K
Q3 21	$74.0K
Q4 21	$160.0K
Q4 22	$24.0K
Q1 23	$73.0K
Q2 23	$11.0K
Q3 23	$208.0K
Q4 23	$150.0K
Q1 24	$58.0K
Q2 24	$131.0K
Q3 24	$372.0K
Q4 24	$102.0K
Q1 25	$107.0K
Q2 25	$176.0K
Q3 25	$60.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-0.4%	+0.5%
Q2 21	+8.9%	+0.1%
Q3 21	+2.9%	-5.4%
Q4 21	+7.6%	+14.0%
Q4 22	+21.2%	+11.5%
Q1 23	-12.0%	-15.1%
Q2 23	-5.0%	-18.4%
Q3 23	-15.0%	-28.6%
Q4 23	-0.6%	-10.6%
Q1 24	+3.2%	+7.3%
Q2 24	+6.1%	+12.0%
Q3 24	+3.9%	+7.2%
Q4 24	-5.0%	+2.9%
Q1 25	-3.6%	+8.8%
Q2 25	+4.8%	-1.0%
Q3 25	+1.7%	-0.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$76.0K	0.1%
Q2 21	$230.0K	0.4%
Q3 21	$100.0K	0.2%
Q4 21	$240.0K	0.3%
Q4 22	$161.0K	0.2%
Q1 23	$70.0K	0.1%
Q2 23	$76.0K	0.1%
Q3 23	$187.0K	0.3%
Q4 23	$255.0K	0.4%
Q1 24	$154.0K	0.3%
Q2 24	$486.0K	0.8%
Q3 24	$412.0K	0.7%
Q4 24	$465.0K	0.7%
Q1 25	$572.0K	1.0%
Q2 25	$1M	1.9%
Q3 25	-$70.0K	-0.1%

OpEx Breakdown

Quarter	G&A
Q1 21	$11M
Q2 21	$12M
Q3 21	$11M
Q4 21	$10M
Q4 22	$12M
Q1 23	$11M
Q2 23	$12M
Q3 23	$12M
Q4 23	$12M
Q1 24	$11M
Q2 24	$17M
Q3 24	$12M
Q4 24	$12M
Q1 25	$13M
Q2 25	$13M
Q3 25	$13M

Revenue Segments

Quarter	Home Service Insurance Segment	Life Insurance Business Segment	Other Non-Insurance Enterprise Segment
Q1 21	$16M	$39M	$478.0K
Q2 21	$16M	$47M	$207.0K
Q3 21	$14M	$46M	$1M
Q1 23	$16M	$40M	—
Q2 23	$14M	$44M	—
Q3 23	$14M	$45M	—
Q1 24	$14M	$43M	—
Q2 24	$15M	$47M	—
Q3 24	$14M	$47M	—
Q1 25	$14M	$41M	—
Q2 25	$14M	$51M	—
Q3 25	$15M	$48M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$21M	$1.4B	$1.4B
Q2 22	$22M	$1.2B	$1.3B
Q3 22	$21M	$1.2B	$1.2B
Q4 22	$23M	$1.2B	$1.2B
Q1 23	$19M	$1.2B	$1.2B
Q2 23	$21M	$15M	$36M
Q3 23	$17M	$15M	$31M
Q4 23	$27M	$11M	$38M
Q1 24	$23M	$15M	$38M
Q2 24	$26M	$14M	$40M
Q3 24	$32M	$13M	$46M
Q4 24	$29M	$16M	$46M
Q1 25	$18M	$30M	$48M
Q2 25	$21M	$21M	$42M
Q3 25	$22M	$32M	$53M
Q4 25	$6M	$16M	$22M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	51M	-0.3%	+1.3%
Q2 21	50M	-1.3%	-0.2%
Q3 21	50M	-0.4%	-1.1%
Q4 21	50M	-1.5%	-3.4%
Q4 22	50M	+0.6%	-2.5%
Q1 23	51M	+1.6%	+0.3%
Q2 23	51M	-0.1%	+0.6%
Q3 23	51M	-0.1%	+2.0%
Q4 23	50M	-1.9%	-0.5%
Q1 24	51M	+2.0%	-0.1%
Q2 24	51M	+0.5%	+0.5%
Q3 24	51M	-0.3%	+0.3%
Q4 24	50M	-1.5%	+0.7%
Q1 25	51M	+2.0%	+0.7%
Q2 25	51M	+0.1%	+0.3%
Q3 25	51M	0.0%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$226.5K	245
Q2 21	$259.4K	245
Q3 21	$251.4K	245
Q4 21	$325.2K	215
Q4 22	$300.3K	224
Q1 23	$249.6K	224
Q2 23	$261.3K	224
Q3 23	$265.1K	224
Q4 23	$288.1K	232
Q1 24	$248.8K	232
Q2 24	$267.6K	232
Q3 24	$266.1K	232
Q4 24	$257.0K	247
Q1 25	$225.3K	247
Q2 25	$263.5K	247
Q3 25	$254.3K	247

Revenue / Employee