OSG Q2 2023 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$255M

Q2 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$61M+110.3% YoY

Gross Profit

$47M77.0% margin

Operating Income

-$12M-19.7% margin

Net Income

-$13M-21.3% margin

EPS (Diluted)

$-0.28

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$24M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$8.1B

Total Liabilities

$6.8B

Stockholders' Equity

$1.3B

Cash & Equivalents

$33M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$29M	+110.3%
Gross Profit	$47M	$37M	+27.0%
Operating Income	-$12M	$6M	-300.0%
Net Income	-$13M	$5M	-360.0%

Revenue Segments

Affinity Products

$5M63%

Employer Stop Loss

$2M25%

Product and Service, Other

$1M13%