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Financial statements

OCTAVE SPECIALTY GROUP INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OCTAVE SPECIALTY GROUP INC 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

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue50762251149615628253.6125236251
General and administrative9211156.367129192
Interest expense124120242269222187009.3818.6
Interest income289337265183103782.163.74.9
Pre-tax income105-284273-183-4402-35.7-24.2-59.8-101
Income tax30.744532-318-0.460.990.925.21
Income from continuing operations-36.1-24.6-59.3-98.4
Net income to minority interests-0.5300
Net income74.8-329186-216-437-175224.95-556-259
EPS, basic1.66-7.254.07-4.69-9.47-0.6111.480.18-11.96-5.93
EPS, diluted1.64-7.253.99-4.69-9.47-0.6111.480.18-11.96-5.93
Shares, basic (weighted)45.445.745.74646.146.545.745.64747.2
Shares, diluted (weighted)45.446.646.64646.146.545.745.64747.2

Balance sheet

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents91624632420176.337.3429.668.4
Short-term investments492414507201128146
Receivables9.4255.486.5
Lease right-of-use assets142525232118.418.19.19
Goodwill464646.169.7418540
Intangible assets84771942740936232661.4345475
Total assets23,19214,58913,32013,22012,3037,9738,4288,0582,223
Short-term debt1500
Total liabilities21,54712,95611,78312,07411,1876,6476,9976,8631,137
Total debt9922,9292,8222,7392,2306395080118
Paid-in capital200219232242257274292331370
Retained earnings1,2341,4211,2037597261,2451,246684370
Treasury stock-0.4700-1-3-15-16.6-28.3-33.5
Other comprehensive income-39-52-49427958-253-160-1888.48
Shareholders' equity1,3811,5921,4771,0801,0381,2521,362798716
Minority interests264416060605353198117
Total equity1,9781,6451,6331,5361,1401,0981,3051,415996833
Total liabilities and equity23,19214,58913,32013,22012,3037,9738,4288,0582,223
Shares outstanding45.345.645.846.34545.246.545

Cash flow statement

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income74.3-329267-216-437-16-35.2-23.2-58.9-95.8
Depreciation and amortization1.22110120.875.2319.942
Stock-based compensation5.2541212111411.212.39.369.71
Deferred income tax-0.02315-1-106-0.01-1.51-3.12-10.3
Cash from operations830-221-1,543-311-175-1311,3352000.76-52.3
Acquisitions740-18.4-6.95-244-218
Purchases of investments-343-43.5-33.2-60.5-25.6
Sales and maturities of investments1,31781443237913769818.115.121.637.7
Cash from investing-4531,1631,5881,000432776866435-166200
Debt issued117
Debt repaid-19.6-69-19100
Share buybacks-14.2-4.51-11.7-29.9
Cash from financing-319-412-585-691-303-657-2,163-0.7228.621.4
Exchange rate effect-3.91-10000-10-0.561.46
Net change in cash54.3529-541-2-46-1238213
Income taxes paid21.440352111150.3500.535.55

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 $4.19 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin-24.3%Pre-tax income / revenue.
Net margin-49.5%Net income / revenue.
Return on equity (ROE)-22.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-7.0%Net income / average total assets.
Stock-based pay / revenue4.3%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue14.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y6.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y67.3%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y10.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-6,961.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-10.3%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-17.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-7.9%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-72.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-34.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-30.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.5%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y1.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y0.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity0.22xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.8%Total debt / total assets.
Liabilities / assets55.5%Total liabilities / total assets.
Net debt-$6.2MTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets43.0%(Goodwill + intangible assets) / total assets.
Tangible book value-$283.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.14xRevenue / average total assets.
Receivables turnover3.19xRevenue / average receivables.
Days sales outstanding114 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.50Net 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$7.06Revenue / diluted weighted shares.
Book value per share$15.52Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$6.29Tangible book value / shares outstanding.
Cash per share$3.59(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$188.8MShare price x shares outstanding.
Enterprise value$182.6MMarket cap + total debt - cash - short-term investments.
P/S0.59xMarket cap / revenue.
P/B0.27xMarket cap / shareholders' equity. Only when equity is positive.
EV/Sales0.57xEnterprise value / revenue.
Earnings yield-84.1%Net income / market cap (the inverse of P/E).
What was OCTAVE SPECIALTY GROUP INC's revenue in fiscal 2025?

OCTAVE SPECIALTY GROUP INC reported revenue of $251.2M for fiscal 2025, 6.5% higher than the year before.

Was OCTAVE SPECIALTY GROUP INC profitable in fiscal 2025?

No. It reported a net loss of $259.1M.

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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