In fiscal 2025, which ended Dec 31, 2025, Octave Specialty Group, Inc. reported revenue of $143.4 million, up 55.8% from the year before. It recorded a net loss of $259.1 million. Diluted earnings per share were -$5.93. Over the twelve months ended Jun 30, 2026, revenue was $194.2 million and the net loss was $156.4 million. Across the 7 fiscal years shown, revenue shrank from $295.8 million in fiscal 2011 to $143.4 million in fiscal 2025, about 11.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2012
Dec 31, 2012
|
FY 2011
Dec 31, 2011
|
|---|---|---|---|---|---|---|---|---|
| Revenue |
194
|
143
+55.8%
|
92
|
156
-68.5%
|
496
-2.9%
|
511
|
686
+131.8%
|
296
|
| Selling, general and administrative |
217
|
192
+48.4%
|
129
|
—
|
—
|
—
|
—
|
—
|
| Pretax income |
-78
|
-101
-68.8%
|
-60
|
-440
-140.4%
|
-183
-167.0%
|
273
|
-257
+86.4%
|
-1,883
|
| Income tax |
8
|
5
+464.0%
|
1
|
-3
-109.4%
|
32
+540.0%
|
5
|
3
-96.3%
|
77
|
| Net income |
-156
|
-259
+53.4%
|
-556
|
-437
-102.3%
|
-216
-216.1%
|
186
|
-257
+86.9%
|
-1,960
|
| Net income to common |
-164
|
-262
+53.0%
|
-556
|
—
|
—
|
—
|
—
|
—
|
| Basic EPS |
-3.56
|
-5.93
+50.4%
|
-11.96
|
-9.47
-101.9%
|
-4.69
-215.2%
|
4.07
|
-0.85
+86.9%
|
-6.48
|
| Diluted EPS |
-3.56
|
-5.93
+50.4%
|
-11.96
|
-9.47
-101.9%
|
-4.69
-217.5%
|
3.99
|
-0.85
|
—
|
| Weighted average shares, basic |
46
|
47
+0.5%
|
47
|
46
+1.1%
|
—
|
46
|
302
+0.0%
|
302
|
| Weighted average shares, diluted |
46
|
47
+0.5%
|
47
|
46
-0.9%
|
—
|
47
|
302
+0.0%
|
302
|
| Other measures | ||||||||
| Depreciation and amortization |
48
|
42
+1689.0%
|
2
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||
| Pretax margin |
-40.14%
|
-70.45%
|
-65.03%
|
-282.05%
|
-36.90%
|
53.42%
|
-37.41%
|
-636.64%
|
| Profit margin |
-80.55%
|
-180.70%
|
-604.29%
|
-280.13%
|
-43.55%
|
36.40%
|
-37.43%
|
-662.84%
|
| Effective tax rate |
—
|
—
|
—
|
—
|
—
|
1.83%
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Surety Insurance (SIC 6351)
- Listed as
- OSG (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Accelerated filer
- SEC CIK
- 874501
- Former names
- AMBAC FINANCIAL GROUP INC (until Nov 10, 2025); AMBAC INC /DE/ (until Jan 2, 1998)
Other Surety Insurance companies
- Old Republic International Corp ORI
- Essent Group Ltd. ESNT
- Mgic Investment Corp MTG
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- NMI Holdings, Inc. NMIH
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.