Octave Specialty Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $251.2M | $235.8M | $124.7M | $53.6M | $282.0M | $156.0M | $496.0M | $511.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $191.6M | $129.2M | $67.0M | $56.3M | $111.0M | $92.0M | — | — |
| Operating Income | $-82.4M | $-50.5M | $-24.2M | $-35.7M | $189.0M | $-218.0M | $86.0M | $515.0M |
| Operating Margin | -32.8% | -21.4% | -19.4% | -66.6% | 67.0% | -139.7% | 17.3% | 100.8% |
| Interest Expense | $18.6M | $9.4M | $0 | $0 | $187.0M | $222.0M | $269.0M | $242.0M |
| Pretax Income | $-101.0M | $-59.8M | $-24.2M | $-35.7M | $2.0M | $-440.0M | $-183.0M | $273.0M |
| Income Tax Expense | $5.2M | $924.0K | $989.0K | $-462.0K | $18.0M | $-3.0M | $32.0M | $5.0M |
| Net Income | $-259.1M | $-556.1M | $5.0M | $522.1M | $-17.0M | $-437.0M | $-216.0M | $186.0M |
| Net Margin | -103.1% | -235.8% | 4.0% | 973.9% | -6.0% | -280.1% | -43.5% | 36.4% |
| EPS (Basic) | $-5.93 | $-11.96 | $0.18 | $11.48 | $-0.61 | $-9.47 | $-4.69 | $4.07 |
| EPS (Diluted) | $-5.93 | $-11.96 | $0.18 | $11.48 | $-0.61 | $-9.47 | $-4.69 | $3.99 |
| Shares Outstanding (Basic) | 47.2M | 47.0M | 45.6M | 45.7M | 46.5M | 46.1M | 46.0M | 45.7M |
| Shares Outstanding (Diluted) | 47.2M | 47.0M | 45.6M | 45.7M | 46.5M | 46.1M | 46.0M | 46.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |