OSG Q2 2022 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$237M

Q2 2022 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$29M-42.0% YoY

Gross Profit

$37M127.6% margin

Operating Income

$6M20.7% margin

Net Income

$5M17.2% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-75.8%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$10.1B

Total Liabilities

$9.2B

Stockholders' Equity

$784M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$29M	$50M	-42.0%
Gross Profit	$37M	$76M	-51.3%
Operating Income	$6M	-$16M	+137.5%
Net Income	$5M	-$28M	+117.9%

Revenue Segments

Affinity Products

$5M83%

Employer Stop Loss

$1M17%