AGO (Assured Guaranty Ltd.) Stock Financials & Earnings | Market Cap Arena

AGO (Assured Guaranty Ltd.) Stock Financials & Earnings | Market Cap Arena

AGOAssured Guaranty Ltd.

Mkt Cap$4B

Financial Services·Insurance - Specialty·🇧🇲 Bermuda·NYSE

Revenue (TTM)$1.0B

Net Income (TTM)$503M

EPS (TTM)$10.04

Free Cash Flow (TTM)$259M

Gross Margin92.9%

Op. Margin65.2%

Net Margin49.6%

FCF Margin25.5%

P/S Ratio (TTM)3.9x

P/E Ratio (TTM)7.8x

YoY Rev Growth+23.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$230M	$223M	$120M
Q2 23	$357M	$299M	$144M
Q3 23	$154M	$50M	$202M
Q4 23	$282M	$276M	$202M
Q1 24	$226M	$221M	$144M
Q2 24	$194M	$193M	$94M
Q3 24	$252M	$298M	$220M
Q4 24	$152M	$118M	$30M
Q1 25	$325M	$280M	$229M
Q2 25	$278M	$245M	$133M
Q3 25	$199M	$223M	$135M
Q4 25	$213M	$195M	$165M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.2x	28.4x
Q2 23	4.3x	12.7x
Q3 23	3.8x	8.6x
Q4 23	3.9x	5.3x
Q1 24	3.9x	5.1x
Q2 24	4.6x	5.5x
Q3 24	4.1x	5.4x
Q4 24	4.8x	10.5x
Q1 25	4.3x	8.9x
Q2 25	3.9x	8.4x
Q3 25	4.1x	9.8x
Q4 25	3.9x	7.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$312M	$312M
Q2 23	$124M	$124M
Q3 23	-$178M	-$178M
Q4 23	$203M	$203M
Q1 24	-$74M	-$74M
Q2 24	$58M	$58M
Q3 24	$17M	$17M
Q4 24	$46M	$46M
Q1 25	$87M	$87M
Q2 25	$78M	$78M
Q3 25	$55M	$55M
Q4 25	$39M	$39M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-17.9%	-41.2%
Q2 23	+363.6%	+115.2%
Q3 23	+600.0%	-209.1%
Q4 23	-7.5%	-61.2%
Q1 24	-1.7%	-25.5%
Q2 24	-45.7%	-53.1%
Q3 24	+63.6%	+166.7%
Q4 24	-46.1%	+52.5%
Q1 25	+43.8%	+17.1%
Q2 25	+43.3%	+45.0%
Q3 25	-21.0%	+100.0%
Q4 25	+40.1%	-60.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$36M	12.8%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	-$28M	-8.6%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$6M	2.8%

OpEx Breakdown

Quarter	G&A
Q1 23	$82M
Q2 23	$70M
Q3 23	$47M
Q4 23	$52M
Q1 24	$58M
Q2 24	$48M
Q3 24	$47M
Q4 24	$49M
Q1 25	$60M
Q2 25	$50M
Q3 25	$50M

Revenue Segments

Quarter	Asset Management Segment	Insurance Segment
Q1 23	$41M	$190M
Q1 24	$1M	$229M
Q2 24	$7M	$189M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$118M	$2.2B	$2.3B
Q2 23	$114M	$2.5B	$2.6B
Q3 23	$108M	$2.2B	$2.3B
Q4 23	$97M	$8.0B	$8.1B
Q1 24	$115M	$2.5B	$2.6B
Q2 24	$92M	$2.6B	$2.7B
Q3 24	$147M	$2.7B	$2.8B
Q4 24	$121M	$2.3B	$2.5B
Q1 25	$177M	$2.3B	$2.4B
Q2 25	$301M	$2.0B	$2.3B
Q3 25	$157M	$2.5B	$2.6B
Q4 25	$388M	$6.4B	$6.8B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	60M	-1.0%
Q2 23	60M	-0.5%
Q3 23	60M	-0.8%
Q4 23	58M	-2.2%
Q1 24	57M	-2.1%
Q2 24	55M	-3.7%
Q3 24	53M	-2.9%
Q4 24	52M	-2.8%
Q1 25	51M	-2.3%
Q2 25	49M	-2.6%
Q3 25	49M	+0.0%
Q4 25	49M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$6M	300
FY 15	$7M	300
FY 16	$5M	300
FY 17	$5M	310
FY 18	$3M	312
FY 19	$2M	441
FY 20	$3M	412
FY 21	$2M	407
FY 22	$2M	400
FY 23	$3M	350
FY 24	$2M	361
FY 25	$2M	367