OSG Q2 2024 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$255M

Q2 2024 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$51M-16.3% YoY

Gross Profit

$15M28.9% margin

Operating Income

-$15M-28.9% margin

Net Income

-$750,000-1.5% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$14M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$8.2B

Total Liabilities

$6.7B

Stockholders' Equity

$1.4B

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$61M	-16.3%
Gross Profit	$15M	$47M	-68.7%
Operating Income	-$15M	-$12M	-22.9%
Net Income	-$750,000	-$13M	+94.2%

Revenue Segments

Affinity Products

$5M50%

Professional Liability

$2M20%

Employer Stop Loss

$2M20%

Marine

$1M10%