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Octave Specialty Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$10.2M in Q2 2026 · −$62.1M over twelve months

Operating cash flow−$10.2M
Free cash flow−$10.2M

Analysis

In Q2 2026, Octave Specialty Group generated −$10.2M of operating cash flow. That is $12.4M less than in Q2 2025 ($2.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$62.1M; the largest uses were operating cash flow ($62.1M), other financing ($62.1M), buybacks ($33.2M); besides operations, cash came from other investing ($230M); the cash balance rose by $34.4M.

Operating cash flow was −$10.2M against net income of −$12.2M. The largest differences: depreciation & amortization +$12.3M, stock-based pay +$4.2M, deferred taxes −$1.9M.

Free cash flow

Octave Specialty Group: free cash flow by quarterOctave Specialty Group: free cash flow by quarter$48.9MQ3 2024−$12.6MQ1 2025$2.1MQ2 2025−$41.2MQ3 2025−$10.1MQ1 2026−$10.2MQ2 2026
Operating cash flow less capital spending.
Octave Specialty Group: operating cash flow against capital spendingOctave Specialty Group: operating cash flow against capital spendingOperating cash flowCapital spending$48.9M$0Q3 2024−$12.6M$0Q1 2025$2.1M$0Q2 2025−$41.2M$0Q3 2025−$10.1M$0Q1 2026−$10.2M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$10.2M, Capital spending $0.

Capital allocation, year by year

Octave Specialty Group: where the cash came from (up) and went (down), by fiscal yearOctave Specialty Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesAcquisitionsBuybacksFY2021: Operating cash flow −$131MFY2021: Net borrowing $1.2B$1.2BFY2021FY2022: Operating cash flow $1.3BFY2022: Acquisitions −$18.4MFY2022: Buybacks −$14.2M$1.3BFY2022FY2023: Operating cash flow $200MFY2023: Acquisitions −$7.0MFY2023: Buybacks −$4.5M$200MFY2023FY2024: Operating cash flow $762KFY2024: Net borrowing $147MFY2024: Asset sales $14.1MFY2024: Acquisitions −$244MFY2024: Buybacks −$11.7M$162MFY2024FY2025: Operating cash flow −$52.3MFY2025: Net borrowing $117MFY2025: Asset sales $407MFY2025: Acquisitions −$218MFY2025: Buybacks −$29.9M$525MFY2025
Over these 5 years operating cash flow totalled $1.4B; the largest uses were acquisitions ($487M) and operating cash flow ($183M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$162M
Debt$155M
Net cash$6.2M
Cash runway2.6 years

Octave Specialty Group is burning cash: its operations consume cash, a free cash flow of −$62.1M a year at the current rate against $162M of cash and investments: a runway of about 2.6 years before any new financing.

Where the cash came from and went

Octave Specialty Group: sources (+) and uses (−) of cash, Q2 2026Octave Specialty Group: sources (+) and uses (−) of cash, Q2 2026Other financing−$59.1MPartners$43.6MCash drawn (+) / kept (−)$14.4MOther investing$10.3MOperating cash flow−$10.2MTaxes on employees’ shares$1.2MExchange rates−$254K
Octave Specialty Group: sources (+) and uses (−) of cash, TTM to Q2 2026Octave Specialty Group: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing$230MOperating cash flow−$62.1MOther financing−$62.1MCash drawn (+) / kept (−)−$34.4MBuybacks−$33.2MPartners−$31.4MTaxes on employees’ shares−$6.2MExchange rates−$481K

From profit to cash

Octave Specialty Group: net income to operating cash flow, Q2 2026Octave Specialty Group: net income to operating cash flow, Q2 2026Net income−$12.2MDepreciation & amortization$12.3MStock-based pay$4.2MDeferred taxes−$1.9MOther operating capital$923KOperating cash flow−$10.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$10.2M—$14.4M−$10.2M
Q1 2026−$10.1M−$625K−$25.1M−$10.1M
Q3 2025−$41.2M—−$5.4M−$41.2M
Q2 2025$2.1M—$5.3M$2.1M
Q1 2025−$12.6M—−$4.4M−$12.6M
Q3 2024$48.9M—−$20.0M$48.9M

Octave Specialty Group: income statement and cash flow

Octave Specialty Group, Q2 2026: revenue $83.0M (+51% year over year), operating margin -14.1%. The chart follows the revenue to costs, profit and cash.

Octave Specialty Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.