ACIC Q1 2024 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$566M

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$67M-26.4% YoY

Gross Profit

$43M64.5% margin

Operating Income

$31M47.2% margin

Net Income

$24M35.5% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+14.3%

Cash Flow

Operating Cash Flow

$124M

Free Cash Flow

$124M

Stock-Based Comp.

$428,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$873M

Stockholders' Equity

$204M

Cash & Equivalents

$285M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$90M	-26.4%
Gross Profit	$43M	$47M	-8.6%
Operating Income	$31M	$34M	-7.3%
Net Income	$24M	$267M	-91.2%