Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Constructive evidenceCoverage 2/5 core metrics2 filing-based checks were evaluable.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- No current rule-based risk flags
2 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +55.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-22
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Insurance Distribution$164Mshare n/a+65.0% yoy
- Specialty Property Casualty Program$88.4Mshare n/a-30.0% yoy
- Corporate-$907Kshare n/a-108.8% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Accident Health$29.6M20.7%-1.6% yoy
- Property$22.6M15.7%+341.1% yoy
- Specialty Automobile$17.4M12.1%-2.7% yoy
- Reinsurance$15.7M11.0%+857.5% yoy
- Other Professional$13.3M9.3%+31.9% yoy
- Niche Specialty Risks$13.3M9.3%+151.8% yoy
- Surety Segment$10.3M7.2%+249.6% yoy
- Professional Directors And Officers Liability Insurance$7M4.9%+391.9% yoy
- +3 more members in the filing
Members sum to the consolidated $143M for this period.
- United States$172Mshare n/a-18.9% yoy
- United Kingdom$78.9Mshare n/a+239.9% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Insurance Distribution$58.4M70.4%+76.8% yoy
- Specialty Property And Casualty Insurance$26.4M31.8%+23.4% yoy
- Eliminations-$2.06M-2.5%no prior
- Corporate$232K0.3%-55.9% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 883 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $143M | 30thof 3,247 bottom third | 37thof 528 middle third |
Net margin net income ÷ revenue | -180.7% | 12thof 3,212 bottom third | 9thof 522 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -36.2% | 22ndof 3,520 bottom third | 6thof 752 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 6.8% | 30thof 2,852 bottom third | 36thof 413 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 220 days | 2ndof 2,373 bottom third | 6thof 103 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 35 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2022-12-31 | -$14.2M 10-K 2023-03-01 | $14.2M 10-K 2025-03-06 | +200.1% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | fiscal year 2022-12-31 | $168M 10-K 2023-03-01 | $0 10-K 2025-03-06 | -100.0% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | fiscal year 2023-12-31 | $64M 10-K 2024-02-27 | $0 10-K 2026-03-04 | -100.0% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | quarter 2024-03-31 | $16M 10-Q 2024-05-06 | $0 10-Q 2025-05-12 | -100.0% | first · latest |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2023-12-31 | $274M 10-K 2024-02-27 | $19.2M 10-K 2026-03-04 | -93.0% | first · latest · 9 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2024-03-31 | $296M 10-Q 2024-05-06 | $24.7M 10-Q 2025-05-12 | -91.7% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2023-12-31 | $307M 10-K 2024-02-27 | $61.4M 10-K 2025-03-06 | -80.0% | first · latest · 5 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2024-06-30 | $97M 10-Q 2024-08-05 | $25.1M 10-Q 2025-08-07 | -74.1% | first · latest |
| Long-term debt LongTermDebt | balance at 2026-04-01 | $139M 10-Q 2026-05-06 | $40M 10-Q 2026-08-06 | -71.3% | first · latest |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2022-12-31 | $61M 10-K 2023-03-01 | $19.9M 10-K 2026-03-04 | -67.3% | first · latest · 10 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2021-12-31 | $23M 10-K 2022-02-24 | $9.97M 10-K 2025-03-06 | -56.7% | first · latest · 10 filings carry it |
| Receivables ReceivablesNetCurrent | balance at 2025-12-31 | $55.4M 10-Q 2025-05-12 | $86.5M 10-Q 2026-08-06 | +56.3% | first · latest · 6 filings carry it |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2024-09-30 | $117M 10-Q 2024-11-12 | $56.8M 10-Q 2025-11-10 | -51.5% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2022-12-31 | $17M 10-K 2023-03-01 | $11.2M 10-K 2025-03-06 | -33.9% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2023-12-31 | $17M 10-K 2024-02-27 | $12.3M 10-K 2026-03-04 | -27.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2024-06-30 | -$1M 10-Q 2024-08-05 | -$750K 10-Q 2025-08-07 | +25.0% | first · latest · 3 filings carry it |
| Goodwill Goodwill | balance at 2022-12-31 | $61M 10-K 2023-03-01 | $46M 10-K 2025-03-06 | -24.5% | first · latest · 9 filings carry it |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | $4M 10-K 2024-02-27 | $4.95M 10-K 2026-03-04 | +23.8% | first · latest · 3 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2023-12-31 | $5M 10-K 2024-02-27 | $4.51M 10-K 2026-03-04 | -9.8% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | $857M 10-K 2025-03-06 | $798M 10-K 2026-03-04 | -6.8% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-03-31 | $15M 10-Q 2023-05-09 | $14M 10-Q 2024-05-06 | -6.7% | first · latest |
| Net income NetIncomeLoss | quarter 2024-03-31 | $20M 10-Q 2024-05-06 | $20.8M 10-Q 2025-05-12 | +3.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$44.7M 10-Q 2025-05-12 | -$46.4M 10-Q 2026-05-06 | -3.7% | first · latest |
| Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | balance at 2025-12-31 | $70.1M 10-K 2026-03-04 | $68.4M 10-Q 2026-08-06 | -2.4% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 46,540,706 shares 10-K 2024-02-27 | 45,636,649 shares 10-K 2026-03-04 | -1.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2024-09-30 | -$28M 10-Q 2024-11-12 | -$27.5M 10-Q 2025-11-10 | +1.8% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $13M 10-Q 2024-08-05 | $13.2M 10-Q 2025-08-07 | +1.7% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $18M 10-Q 2024-05-06 | $17.7M 10-Q 2025-05-12 | -1.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2022-12-31 | 46,414,830 shares 10-K 2023-03-01 | 45,719,906 shares 10-K 2025-03-06 | -1.5% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2023-03-31 | -$33M 10-Q 2023-05-09 | -$33.4M 10-K 2025-03-06 | -1.3% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for OSG yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.