OSGOCTAVE SPECIALTY GROUP INC
Surety Insurance
- Revenue
- $143M
- 56% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $128M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear7% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-57% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $26M | $31M | $51M | $92M | $143M | 56% |
| Net income | −$17M | $522M | $5M | −$556M | −$259M | 53% |
| Operating cash flow | −$131M | $1.3B | $200M | $762K | −$52M | 6961% |
| Stock-based comp | $14M | $11M | $12M | $9M | $10M | 3.8% |
| Buybacks | — | $14M | $5M | $12M | $30M | 156% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $7M | 51 | 126 |
| FY2024 | $6M | $2M | 59 | 150 |
| FY2023 | $7M | $7M | 76 | 130 |
| FY2022 | $6M | $10M | 81 | 105 |
| FY2021 | $7M | $8M | 75 | 145 |