OSG Q1 2022 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$255M

Q1 2022 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$120M+26.3% YoY

Gross Profit

$91M75.8% margin

Operating Income

$4M3.3% margin

Net Income

$2M1.7% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+126.4%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$9M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$11.5B

Total Liabilities

$10.5B

Stockholders' Equity

$914M

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$120M	$95M	+26.3%
Gross Profit	$91M	$87M	+4.6%
Operating Income	$4M	$18M	-77.8%
Net Income	$2M	$17M	-88.2%

Revenue Segments

Affinity Products

$5M56%

Employer Stop Loss

$4M44%