Octave Specialty Group (OSG)
Builds specialty insurance businesses through underwriting capacity and niche MGA distribution.
$4.50
At close−0.04 (−0.88%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 73 | 50 | 51 | 70 | −85 | 63 | 55 | 67 | 67 | 104 | 83 |
| Cost of revenue | −66 | 31 | 34 | 36 | 36 | 40 | 25 | 22 | 29 | −29 | 40 | 13 |
| Gross profit | 138 | 42 | 16 | 15 | 34 | −125 | 38 | 33 | 38 | 96 | 64 | 70 |
| 72 | 58 | 19 | 29 | 55 | −65 | 53 | 56 | 70 | 126 | 67 | 81 | |
| 49 | 34 | 18 | 28 | 44 | −10 | 39 | 41 | 54 | 59 | 53 | 51 | |
| General & administrative | 49 | 34 | 18 | 28 | 44 | −10 | 39 | 41 | 54 | 59 | 53 | 51 |
| Other expenses | 23 | 24 | 2 | 2 | 11 | −55 | 15 | 15 | 16 | 68 | 14 | 30 |
| Operating income | 66 | −16 | −3 | −15 | −21 | −61 | −15 | −23 | −32 | −31 | −3 | −12 |
| 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest expense | 16 | 16 | 0 | 0 | 4 | 6 | 5 | 6 | 6 | 1 | 2 | 3 |
| Other non-operating income | −18 | 0 | 0 | 0 | −4 | 42 | −5 | −6 | −6 | −1 | −2 | −3 |
| Income before tax | 68 | −16 | −3 | −15 | −21 | −61 | −15 | −23 | −32 | −31 | −3 | −12 |
| Income tax expense | 1 | 0 | 0 | 0 | −1 | −11 | −1 | −2 | −1 | −1 | 0 | 0 |
| Net income from continuing operations | 67 | −16 | −3 | −15 | −20 | −50 | −14 | −21 | −31 | −30 | −3 | −12 |
| Discontinued operations | 0 | 0 | 24 | 14 | −9 | 0 | −30 | −52 | −81 | 0 | 14 | 0 |
| Other adjustments | −1 | 0 | 0 | 0 | 0 | −497 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 66 | −16 | 20 | −1 | −28 | −548 | −46 | −73 | −113 | −22 | 8 | −14 |
| EPS, basic | $1.44 | −$0.33 | $0.44 | −$0.02 | −$0.58 | −$11.79 | −$1.22 | −$1.54 | −$2.34 | −$0.84 | −$0.13 | −$0.33 |
| EPS, diluted | $1.41 | −$0.33 | $0.43 | −$0.02 | −$0.58 | −$11.40 | −$1.22 | −$1.54 | −$2.34 | −$0.84 | −$0.13 | −$0.33 |
| Weighted average shares, basic | 46 | 46 | 46 | 46 | 48 | 47 | 47 | 48 | 48 | 45 | 45 | 45 |
| Weighted average shares, diluted | 47 | 46 | 46 | 46 | 48 | 48 | 47 | 48 | 48 | 45 | 45 | 45 |
| EBITDA | 92 | −7 | −2 | −13 | −10 | −118 | 0 | −8 | −16 | −16 | 11 | 3 |
| Depreciation & amortization | 8 | 9 | 2 | 2 | 7 | −15 | 9 | 10 | 10 | 13 | 12 | 12 |
| EBIT | 84 | −16 | −3 | −15 | −17 | −102 | −10 | −17 | −26 | −29 | −1 | −9 |
