AMSF (AMERISAFE, Inc.) Stock Financials & Earnings | Market Cap Arena

AMSF (AMERISAFE, Inc.) Stock Financials & Earnings | Market Cap Arena

AMSFAMERISAFE, Inc.

Mkt Cap$634M

Financial Services·Insurance - Specialty·🇺🇸 United States·NASDAQ

Revenue (TTM)$317M

Net Income (TTM)$47M

EPS (TTM)$2.47

Free Cash Flow (TTM)$9M

Gross Margin46.4%

Op. Margin18.5%

Net Margin14.9%

FCF Margin2.8%

P/S Ratio (TTM)2.0x

P/E Ratio (TTM)13.4x

YoY Rev Growth+2.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$78M	$34M	$22M
Q2 23	$76M	$34M	$20M
Q3 23	$73M	$73M	$12M
Q4 23	$80M	$80M	$24M
Q1 24	$81M	$35M	$21M
Q2 24	$76M	$29M	$14M
Q3 24	$79M	$34M	$18M
Q4 24	$74M	$37M	$17M
Q1 25	$73M	$26M	$11M
Q2 25	$81M	$34M	$17M
Q3 25	$82M	$34M	$17M
Q4 25	$82M	$53M	$13M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.1x	11.4x
Q2 23	2.1x	9.7x
Q3 23	2.1x	10.0x
Q4 23	2.1x	10.2x
Q1 24	2.1x	10.3x
Q2 24	2.1x	11.1x
Q3 24	2.0x	10.3x
Q4 24	2.1x	11.4x
Q1 25	2.1x	13.4x
Q2 25	2.1x	12.6x
Q3 25	2.0x	12.7x
Q4 25	2.0x	13.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$13M	$13M
Q2 23	$7M	$7M
Q3 23	$5M	$5M
Q4 23	$4M	$4M
Q1 24	$8M	$7M
Q2 24	-$3M	-$3M
Q3 24	$8M	$8M
Q4 24	$11M	$11M
Q1 25	-$2M	-$2M
Q2 25	-$8M	-$10M
Q3 25	$11M	$10M
Q4 25	$11M	$10M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$32K
Q2 23	$5K
Q3 23	$490K
Q4 23	$26K
Q1 24	$746K
Q2 24	$56K
Q3 24	$24K
Q4 24	$14K
Q1 25	$2K
Q2 25	$1M
Q3 25	$891K
Q4 25	$173K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+4.0%	+5.3%
Q2 23	+11.2%	-7.9%
Q3 23	+1.8%	+4.1%
Q4 23	+0.4%	+3.8%
Q1 24	+2.6%	+5.0%
Q2 24	+0.2%	+10.7%
Q3 24	+8.3%	+1.0%
Q4 24	-7.6%	+2.0%
Q1 25	-9.8%	+2.7%
Q2 25	+6.9%	+2.5%
Q3 25	+4.2%	+5.9%
Q4 25	+10.2%	+20.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$216K	0.3%
Q2 23	$430K	0.6%
Q3 23	$470K	0.6%
Q4 23	$441K	0.6%
Q1 24	$688K	0.9%
Q2 24	$710K	0.9%
Q3 24	$763K	1.0%
Q4 24	$778K	1.1%
Q1 25	$0	0.0%
Q2 25	$2M	2.2%
Q3 25	$805K	1.0%
Q4 25	-$787K	-1.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$6M	—
Q2 23	$7M	—
Q3 23	$7M	—
Q4 23	$8M	$200K
Q1 24	$8M	—
Q2 24	$7M	—
Q3 24	$8M	—
Q4 24	$9M	$300K
Q1 25	$8M	—
Q2 25	$7M	—
Q3 25	$8M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$41M	$376M	$418M
Q2 23	$34M	$387M	$421M
Q3 23	$59M	$0	$59M
Q4 23	$39M	$95M	$133M
Q1 24	$33M	$394M	$428M
Q2 24	$31M	$136M	$166M
Q3 24	$64M	$315M	$379M
Q4 24	$44M	$87M	$131M
Q1 25	$45M	$93M	$138M
Q2 25	$48M	$92M	$140M
Q3 25	$55M	$89M	$144M
Q4 25	$62M	$0	$62M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	19M	+0.1%
Q2 23	19M	-0.2%
Q3 23	19M	+0.1%
Q4 23	19M	-0.0%
Q1 24	19M	-0.0%
Q2 24	19M	-0.3%
Q3 24	19M	-0.2%
Q4 24	19M	+0.0%
Q1 25	19M	+0.2%
Q2 25	19M	-0.2%
Q3 25	19M	-0.2%
Q4 25	19M	-0.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$912K	443
FY 15	$894K	449
FY 16	$908K	437
FY 17	$861K	436
FY 18	$887K	426
FY 19	$859K	431
FY 20	$864K	393
FY 21	$852K	371
FY 22	$832K	354
FY 23	$877K	350
FY 24	$854K	362
FY 25	$876K	362