Filing Flows › Octave Specialty Group (OSG) › Q1 2026
Octave Specialty Group (OSG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Octave Specialty Group (OSG) reported revenue of $104M for the first quarter 2026 (Q1 2026), +66% from a year earlier and +56% from the quarter before. Operating margin was -3.2%, net loss $2.9M (2.7% of revenue).
Octave Specialty Group, Q1 2026: revenue $104M (+66% year over year), operating margin -3.2%, net loss $2.9M, operating cash flow −$10.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +56% | +66% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$10.1M | — | — |
What changed
Revenue was $104.2M in Q1 2026, up 66% year over year and up 56% from the previous quarter. Insurance Distribution was the largest line at 75% of revenue. Insurance Distribution added $37.5M year over year (up 92%), 91% of the total change. Corporate Segment and Other Operating Segment declined 41%.
Operating costs exceeded revenue by $3.3M, an operating margin of -3.2%. Total costs grew 38% against revenue growth of 66%. The fastest-growing cost line was Other operating costs (+38%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $29.7M loss.
Operating cash flow was −$10.1M. Non-cash charges added back $12.2M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $24.2M.
Questions
What was Octave Specialty Group's revenue in the first quarter 2026?
Octave Specialty Group (OSG) reported revenue of $104M for the first quarter 2026 (Q1 2026), +66% from a year earlier and +56% from the quarter before.
Was Octave Specialty Group profitable in the first quarter 2026?
Operating loss was $3.3M (-3.2% of revenue) and net loss $2.9M.