OSG Q3 2023 Earnings — Octave Specialty Group, Inc. Revenue & Financial Results | Market Cap Arena

OSGOctave Specialty Group, Inc.

$255M

Q3 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$72M-10.0% YoY

Gross Profit

$138M191.7% margin

Operating Income

$66M91.7% margin

Net Income

$66M91.7% margin

EPS (Diluted)

$1.41

QoQ Revenue Growth

+18.0%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$18M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$7.8B

Total Liabilities

$6.5B

Stockholders' Equity

$1.3B

Cash & Equivalents

$33M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$80M	-10.0%
Gross Profit	$138M	$428M	-67.8%
Operating Income	$66M	$342M	-80.7%
Net Income	$66M	$340M	-80.6%

Revenue Segments

Affinity Products

$6M55%

Employer Stop Loss

$3M27%

Product and Service, Other

$2M18%