OSG Q1 2023 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$255M

Q1 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$57M-52.5% YoY

Gross Profit

$30M52.6% margin

Operating Income

-$29M-50.9% margin

Net Income

-$32M-56.1% margin

EPS (Diluted)

$-0.72

QoQ Revenue Growth

-70.8%

Cash Flow

Operating Cash Flow

$77M

Free Cash Flow

$77M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$8.2B

Total Liabilities

$6.9B

Stockholders' Equity

$1.3B

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$120M	-52.5%
Gross Profit	$30M	$91M	-67.0%
Operating Income	-$29M	$4M	-825.0%
Net Income	-$32M	$2M	-1700.0%

Revenue Segments

Affinity Products

$5M45%

Employer Stop Loss

$5M45%

Product and Service, Other

$1M9%