ACIC Q3 2023 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$566M

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$53M-27.8% YoY

Gross Profit

$29M55.4% margin

Operating Income

$18M34.4% margin

Net Income

$11M20.1% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-28.6%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$48M

Stock-Based Comp.

$410,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.0B

Stockholders' Equity

$121M

Cash & Equivalents

$111M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$53M	$73M	-27.8%
Gross Profit	$29M	-$6M	+581.6%
Operating Income	$18M	-$28M	+165.6%
Net Income	$11M	-$71M	+114.9%