ACIC Q2 2023 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$566M

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$74M+15.1% YoY

Gross Profit

$34M45.9% margin

Operating Income

$22M30.5% margin

Net Income

$18M24.2% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

-18.6%

Cash Flow

Operating Cash Flow

-$129M

Free Cash Flow

-$129M

Stock-Based Comp.

$170,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.3B

Stockholders' Equity

$112M

Cash & Equivalents

$28M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$74M	$64M	+15.1%
Gross Profit	$34M	$26M	+28.4%
Operating Income	$22M	$12M	+84.0%
Net Income	$18M	-$69M	+125.8%