Saturday 17 October 2026 Export OSG’s income statement to Excel — free account

Octave Specialty Group, Inc.

In the quarter to June 2026, revenue grew 51.0%, EPS grew 78.6%, free cash flow fell 576.1% and total debt rose 3.64%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

4.66 0.06 +1.30%

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Market cap: $207.2M
P/E: 0.0×
Fwd P/E: −5.6×
Dividend yield: 0.00%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.09

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	1	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 6.48%

Capital & Financial Ratios $m

Market Cap 207.23

Revenue 320.67

Net Income 6.87

Free Cash Flow (62.13)

Net Debt 76.36

Current Ratio 0.83

Debt/Equity 0.19

P/E ratio 0.00

Fwd P/E (5.63)

P/S ratio 0.66

P/B ratio 0.26

Past 5Y EPS Growth —

This Y EPS Growth 132.97%

Next Y EPS Growth 196.69%

Next Y revenue growth 44.29%

Next 5Y EPS Growth 11.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 1.55%

10-year low 10-year high

P/B against its own 10 years 2.14%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.06	0.06
2023	0.06	0.06
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack
2016	0.55	0.17 0.38

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	19	47	68	79
Receivables	220	419	598	691
Inventory	—	—	—	—
Other	—	—	—	—
	240	466	666	770

	2023	2024	2025	Q'26
Payables	359	603	763	924
ST’ Debt	—	150	—	—
Other	—	—	—	—
	359	755	764	924

Compound Annual Growth %

	10y	5y	3y
Sales	(8.99%)	10.00%	67.34%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(8.19%)	(6.08%)	(13.89%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	104	83	—	—	—
’25	63	55	67	67	251
’24	50	51	70	65	236
’23	58	62	74	—	125
’22	119	86	80	(231)	54
’21	129	49	51	53	282
’20	(70)	75	62	89	156

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(10)	—	—	—
’25	(13)	2	(41)	(1)	(52)
’24	7	20	49	(76)	1
’23	77	24	11	(75)	37
’22	9	2	48	11	70
’21	(40)	(43)	(53)	5	(131)
’20	(87)	(25)	(55)	(8)	(175)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(10)	—	—	—
’25	(13)	2	(41)	(1)	(52)
’24	7	20	49	(76)	1
’23	77	24	11	(75)	37
’22	9	2	48	11	70
’21	(40)	(43)	(53)	5	(131)
’20	(87)	(25)	(55)	(8)	(175)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.13)	(0.33)	—	—	—
’25	(1.22)	(1.54)	(2.35)	(0.84)	(5.93)
’24	0.43	(0.02)	(0.63)	(10.23)	(10.71)
’23	(0.73)	(0.29)	1.41	(0.29)	0.18
’22	0.04	0.11	7.41	3.86	11.31
’21	0.36	(0.63)	0.35	(0.42)	(0.34)
’20	(6.07)	(0.77)	(2.33)	(0.31)	(9.47)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.92	13.17	13.96	14.44	8.74	13.09	7.24	11.26	10.12	5.99	Analyst estimates 2026–2028 Powerpack
	High	27.25	23.55	23.34	21.95	22.90	18.63	17.59	17.75	18.45	12.84
People
People	Employees	154	124	113	93	125	132	155	178	380	275
	Revenue/emp, $m	3.29	5.02	4.52	5.33	1.25	2.14	0.35	0.70	0.62	0.91
Income, $m
Income, $m	Revenue	507	622	511	496	156	282	54	125	236	251
	Gross margin, %	79.72	(2.09)	143.84	97.38	(44.23)	131.21	78.35	62.10	59.17	74.93
	EBT	105	(284)	273	(183)	(440)	2	(36)	(24)	(60)	(101)
	EBT margin, %	20.72	(45.66)	53.42	(36.90)	(282.05)	0.71	(66.60)	(19.42)	(25.38)	(40.21)
	Net income	74	(329)	186	(216)	(437)	(16)	(35)	(23)	(59)	(96)
	Depreciation	26	(31)	(29)	232	43	44	(3)	5	20	42
Per share, $
Per share, $	Revenue	11.21	13.71	11.19	10.79	3.38	6.06	1.17	2.73	5.02	5.32
	Earnings	1.66	(7.25)	4.07	(4.69)	(9.47)	(0.34)	11.48	0.18	(10.71)	(5.93)
	Cash flow	18.36	(4.87)	(33.79)	(6.77)	(3.79)	(2.82)	1.54	0.81	0.02	(1.11)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	18.36	(4.87)	(33.79)	(6.77)	(3.79)	(2.82)	1.54	0.81	0.02	(1.11)
	Book value	43.75	36.26	35.76	33.42	24.70	23.60	28.54	31.00	21.21	17.66
	Shares, m	45	45	46	46	46	47	46	46	47	47
Valuation, ×
Valuation, ×	P/E	13.74	0.00	4.22	0.00	0.00	0.00	1.45	177.70	0.00	0.00
	P/S	2.01	1.16	1.54	2.00	4.55	2.65	14.29	5.89	2.52	1.46
	P/B	0.52	0.44	0.48	0.64	0.62	0.68	0.59	0.52	0.60	0.44
	EV/Sales	26.03	21.30	17.42	16.71	50.68	25.43	83.03	33.60	17.86	2.25
	EV/FCF	15.89	(59.95)	(5.77)	(26.64)	(45.18)	(54.73)	63.26	113.42	5,526.10	(10.83)
Cash, $m
Cash, $m	Operating cash flow	830	(221)	(1,543)	(311)	(175)	(131)	70	37	1	(52)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	830	(221)	(1,543)	(311)	(175)	(131)	70	37	1	(52)
Balance, $m
Balance, $m	Working capital	(4,422)	(4,111)	(299)	15	(138)	(48)	(927)	(119)	(289)	(98)
	Total debt	12,270	13,152	8,198	7,376	7,232	6,446	3,746	3,475	150	118
	Net debt	12,174	12,528	8,115	7,295	7,197	6,423	3,685	3,456	103	49
	Shareholders’ equity	1,978	1,645	1,633	1,536	1,140	1,098	1,305	1,415	996	833
Returns, %
Returns, %	ROA	0.32	(1.44)	0.98	(1.55)	(3.29)	(0.13)	5.15	0.04	(6.75)	(5.09)
	ROIC	1.01	(0.72)	3.31	0.60	(1.63)	1.69	(0.23)	0.07	(0.55)	(3.21)
	ROE	3.80	(18.16)	11.35	(13.63)	(32.66)	(1.52)	43.50	0.27	(46.16)	(28.61)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
NMIH NMI Holdings Inc	$3.0B	7.9×	7.1×	+8.12% (above 0%: growing)	+13.82% (above 0%: growing)	+10.69% (above 0%: growing)	93.00%	76.67%	Compare
EIG Employers Holdings Inc	$906.1M	73.2×	18.2×	−10.60% (below 0%: shrinking)	+29.03% (above 0%: growing)	−1,111.11% (below 0%: shrinking)	16.35%	16.35%	Compare
TIPT Tiptree Financial Inc.	$618.6M	1.5×	— (loss-making)	+64.86% (above 0%: growing)	+1,976.00% (above 0%: growing)	+179.79% (above 0%: growing)	100.00%	0.00%	Compare
ITIC Investors Title Company	$544.0M	13.5×	5.6×	+17.45% (above 0%: growing)	+19.05% (above 0%: growing)	−18.47% (below 0%: shrinking)	55.58%	22.48%	Compare
AMSF AMERISAFE, Inc.	$464.1M	10.1×	16.0×	+13.42% (above 0%: growing)	+8.22% (above 0%: growing)	+118.79% (above 0%: growing)	29.93%	19.86%	Compare
MBI MBIA, Inc.	$224.0M	— (loss-making)	— (loss-making)	+17.39% (above 0%: growing)	n/m	−500.00% (below 0%: shrinking)	66.67%	22.22%	Compare
OSG Octave Specialty Group, Inc.	$207.2M	— (loss-making)	— (loss-making)	+51.02% (above 0%: growing)	n/m	−576.08% (below 0%: shrinking)	76.26%	(0.47%)
JRVR James River Group Holdings, Ltd.	$171.6M	7.5×	5.5×	−7.72% (below 0%: shrinking)	+66.67% (above 0%: growing)	−124.07% (below 0%: shrinking)	38.58%	9.26%	Compare
Median of peers	$581.3M	9.5×	9.4×	+10.77%	+19.05%	−33.59%	61.13%	21.04%

All 17 Insurance Specialty stocks →