Filing Flows › Octave Specialty Group (OSG) › Q3 2026
Octave Specialty Group (OSG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Octave Specialty Group (OSG) reported revenue of $85.3M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +3% from the quarter before. Operating margin was -15.7%, net loss $12.9M (15.1% of revenue).
Octave Specialty Group, Q3 2026: revenue $85.3M (+28% year over year), operating margin -15.7%, net loss $12.9M, operating cash flow $19.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.3M | +3% | +28% |
| Operating profit | −$13.4M | — | — |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | $19.3M | — | — |
What changed
Revenue was $85.3M in Q3 2026, up 28% year over year and up 3% from the previous quarter. Accident & Health was the largest line at 18% of revenue. Accident & Health added $8.3M year over year (up 123%), 44% of the total change. Reinsurance declined 56%.
Operating costs exceeded revenue by $13.4M, an operating margin of -15.7%. Total costs grew 0% against revenue growth of 28%. The quarter ended with a net loss of $12.9M, wider than the previous quarter's $12.2M loss.
Operating cash flow was $19.3M. Non-cash charges added back $12.3M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $15.5M.
Questions
What was Octave Specialty Group's revenue in the third quarter 2026?
Octave Specialty Group (OSG) reported revenue of $85.3M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +3% from the quarter before.
Was Octave Specialty Group profitable in the third quarter 2026?
Operating loss was $13.4M (-15.7% of revenue) and net loss $12.9M.