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Financial statements

Ategrity Specialty Insurance Co Holdings financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Ategrity Specialty Insurance Co Holdings files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue344424
Interest expense2.041.36
Pre-tax income66.395.9
Income tax12.319.8
Net income to minority interests6.862.13
Net income47.174
EPS, basic1.281.64
EPS, diluted1.281.58
Shares, basic (weighted)36.644.7
Shares, diluted (weighted)36.646.2
Dividend per share0.00

Balance sheet

FY2025FY2025
Cash and equivalents26.629.7
Property, plant and equipment0.786.7
Lease right-of-use assets2.281.75
Total assets1,1231,474
Total liabilities725859
Paid-in capital361496
Retained earnings34.6109
Treasury stock0
Other comprehensive income39.22
Shareholders' equity398614
Minority interests0.50.55
Total equity399615
Total liabilities and equity1,1231,474
Shares outstanding38.448.1

Cash flow statement

FY2025FY2025
Net income53.976.1
Depreciation and amortization0.70.59
Stock-based compensation2.011.02
Deferred income tax-4.41-5.28
Change in payables30.2-6.41
Cash from operations126147
Capital expenditures-0.16-6.47
Purchases of investments-389-338
Sales and maturities of investments17.78.69
Cash from investing-363-274
Stock issued0122
Share buybacks0-2.74
Cash from financing-0.41130
Net change in cash-2383.15
Free cash flow125141
Interest paid2.121.73
Income taxes paid-0.9135.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $27.15 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin27.8%Pre-tax income / revenue.
Net margin20.7%Net income / revenue.
Operating cash flow margin34.3%Cash from operations / revenue.
Effective tax rate20.3%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)16.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)6.4%Net income / average total assets.
Stock-based pay / revenue0.2%Stock-based compensation (from the cash flow statement) / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y23.4%Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y57.2%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y23.4%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y17.2%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y12.2%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y54.2%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y31.2%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y26.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets59.7%Total liabilities / total assets.
Tangible book value$664.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.31xRevenue / average total assets.
Fixed asset turnover65.4xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted$2.14Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$10.37Revenue / diluted weighted shares.
Operating cash flow per share$3.56Cash from operations / diluted weighted shares.
Book value per share$13.86Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$13.86Tangible book value / shares outstanding.
Cash per share$0.70(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.30BShare price x shares outstanding.
Enterprise value$1.27BMarket cap + total debt - cash - short-term investments.
P/E12.2xMarket cap / net income. Only when net income is positive.
P/S2.52xMarket cap / revenue.
P/B1.96xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.96xMarket cap / tangible book value, when positive.
P/OCF7.34xMarket cap / cash from operations, when positive.
EV/Sales2.45xEnterprise value / revenue.
Earnings yield8.2%Net income / market cap (the inverse of P/E).
What was Ategrity Specialty Insurance Co Holdings's revenue in fiscal 2025?

Ategrity Specialty Insurance Co Holdings reported revenue of $424.3M for fiscal 2025, 23.4% higher than the year before.

Was Ategrity Specialty Insurance Co Holdings profitable in fiscal 2025?

Yes. Net income was $74.0M, a net margin of 17.4%.

How much free cash flow did Ategrity Specialty Insurance Co Holdings generate in fiscal 2025?

Cash from operations of $147.2M minus capital expenditures of $6.5M left free cash flow of $140.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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