Filing Flows › Octave Specialty Group (OSG) › Q2 2026
Octave Specialty Group (OSG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Octave Specialty Group (OSG) reported revenue of $83.0M for the second quarter 2026 (Q2 2026), +51% from a year earlier and -20% from the quarter before. Operating margin was -14.1%, net loss $12.2M (14.6% of revenue).
Octave Specialty Group, Q2 2026: revenue $83.0M (+51% year over year), operating margin -14.1%, net loss $12.2M, operating cash flow −$10.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.0M | -20% | +51% |
| Operating profit | −$11.7M | — | — |
| Net earnings | −$12.2M | — | — |
| Operating cash flow | −$10.2M | — | -576% |
What changed
Revenue was $83.0M in Q2 2026, up 51% year over year and down 20% from the previous quarter. Accident & Health was the largest line at 17% of revenue. Accident & Health added $8.8M year over year (up 171%), 31% of the total change. Reinsurance declined 72%.
Operating costs exceeded revenue by $11.7M, an operating margin of -14.1%. Total costs grew 21% against revenue growth of 51%. The fastest-growing cost line was General & admin (+27%). The quarter ended with a net loss of $12.2M, wider than the previous quarter's $2.9M loss.
Operating cash flow was −$10.2M. Non-cash charges added back $12.3M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $14.5M.
Questions
What was Octave Specialty Group's revenue in the second quarter 2026?
Octave Specialty Group (OSG) reported revenue of $83.0M for the second quarter 2026 (Q2 2026), +51% from a year earlier and -20% from the quarter before.
Was Octave Specialty Group profitable in the second quarter 2026?
Operating loss was $11.7M (-14.1% of revenue) and net loss $12.2M.