AMBC · Ambac Financial Group Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q1 '25 | Q4 '25 | Q2 '25 | Q4 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.17M | $62.76M | - | $66.61M | - | $114.00M | - | $74.00M | $62.00M | $58.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $53.16M | $38.53M | - | $53.71M | - | $55.00M | - | $49.00M | $36.00M | $29.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $12.21M | $1.61M | - | $7.10M | - | $1.00M | - | $0 | $0 | $0 |
| Operating Income | ($3.34M) | ($15.11M) | - | ($32.08M) | - | ($27.00M) | - | $68.00M | ($11.00M) | ($29.00M) |
| Interest Expense | $2.09M | $5.45M | - | $6.18M | - | $20.00M | - | $16.00M | $16.00M | $16.00M |
| Income Tax | ($481.0K) | ($617.0K) | - | ($1.24M) | - | $3.00M | - | $1.00M | $2.00M | $4.00M |
| Net Income | ($6.85M) | ($44.74M) | - | ($112.62M) | - | ($28.00M) | - | $66.00M | ($13.00M) | ($33.00M) |
| EPS - Basic | ($0.13) | ($1.22) | - | ($2.35) | - | ($0.63) | - | $1.44 | ($0.29) | ($0.73) |
| EPS - Diluted | ($0.13) | ($1.22) | - | ($2.35) | - | ($0.63) | - | $1.41 | ($0.29) | ($0.73) |
Balance Sheet
| Line item | Q1 '26 | Q1 '25 | Q4 '25 | Q2 '25 | Q4 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $93.54M | $34.06M | $70.09M | $27.52M | $29.61M | $54.00M | $16.00M | $32.00M | $33.00M | $38.00M |
| Accounts Receivable | $106.20M | $55.38M | - | $75.48M | $55.38M | - | $9.42M | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.27B | $8.25B | $2.22B | $2.15B | $8.06B | $9.26B | $8.43B | $7.85B | $8.13B | $8.22B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $139.38M | - | $117.56M | - | $0 | $518.00M | $508.00M | $505.00M | $501.00M | $497.00M |
| Total Liabilities | $1.24B | $7.04B | $1.14B | $1.00B | $6.86B | $7.38B | $7.00B | $6.51B | $6.81B | $6.89B |
| Stockholders' Equity | $712.62M | $852.22M | $715.79M | $843.38M | $856.91M | $1.47B | $1.36B | $1.26B | $1.25B | $1.25B |
| Retained Earnings | $363.75M | $681.49M | $370.43M | $491.73M | $742.18M | $1.24B | $1.25B | $1.26B | $1.19B | $1.21B |
Cash Flow
| Line item | Q1 '26 | Q1 '25 | Q4 '25 | Q2 '25 | Q4 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($12.61M) | ($12.61M) | - | - | - | $18.00M | - | - | - | $77.00M |
| Investing Cash Flow | $21.34M | $21.34M | - | - | - | $51.00M | - | - | - | $441.00M |
| Financing Cash Flow | ($5.44M) | ($5.44M) | - | - | - | ($47.00M) | - | - | - | ($276.00M) |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q1 '25 | Q4 '25 | Q2 '25 | Q4 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -3.2% | -24.1% | - | -48.2% | - | -23.7% | - | 91.9% | -17.7% | -50.0% |
| EBITDA margin | 8.5% | -21.5% | - | -37.5% | - | -22.8% | - | 91.9% | -17.7% | -50.0% |
| Net margin | -6.6% | -71.3% | - | -169.1% | - | -24.6% | - | 89.2% | -21.0% | -56.9% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 51.0% | 61.4% | - | 80.6% | - | 48.2% | - | 66.2% | 58.1% | 50.0% |
| Effective tax rate | - | - | - | - | - | - | - | 1.5% | - | - |
| Return on assets | -0.3% | -0.5% | - | -5.2% | - | -0.3% | - | 0.8% | -0.2% | -0.4% |
| Return on equity | -1.0% | -5.2% | - | -13.4% | - | -1.9% | - | 5.2% | -1.0% | -2.6% |
| Return on invested capital | -0.3% | - | - | - | - | -1.1% | - | 3.8% | -0.5% | -1.3% |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.20 | - | 0.16 | - | 0.00 | 0.35 | 0.37 | 0.40 | 0.40 | 0.40 |
| Debt / Assets | 0.06 | - | 0.05 | - | 0.00 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / EBITDA | 15.71 | - | - | - | - | - | - | 7.43 | - | - |
| Interest coverage | -1.6x | -2.8x | - | -5.2x | - | -1.4x | - | 4.3x | -0.7x | -1.8x |
| Equity multiplier | 3.18 | 9.68 | 3.11 | 2.55 | 9.40 | 6.32 | 6.19 | 6.20 | 6.51 | 6.55 |
| Liabilities / Assets | 0.55 | 0.85 | 0.51 | 0.47 | 0.85 | 0.80 | 0.83 | 0.83 | 0.84 | 0.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | 0.01 | - | 0.03 | - | 0.01 | - | 0.01 | 0.01 | 0.01 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 372d | 322d | - | 414d | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 66.0% | -45.0% | - | - | - | 96.6% | - | -7.5% | -27.9% | -51.3% |
| Revenue CAGR (3y) | 21.6% | -19.2% | - | -8.2% | - | 32.5% | - | 6.1% | - | - |
| Revenue CAGR (5y) | 16.3% | - | - | - | - | 2.6% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 77.9% | 44.0% | - | - | - | 6.9% | - | -80.1% | - | - |
| Net income growth (YoY) | 84.7% | -59.8% | - | - | - | 15.2% | - | -80.6% | - | - |
| EPS growth (YoY) | 89.3% | -93.7% | - | - | - | 13.7% | - | -81.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.4% | -41.8% | -16.5% | - | -37.1% | 16.8% | 8.8% | 25.4% | 59.4% | 37.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$251.22M totalInsurance Distribution$163.73M · 65.2%
Specialty Property Casualty Program$88.40M · 35.2%
Corporate($907.0K) · -0.4%
Product / service
$143.38M totalAccident Health$29.64M · 20.7%
Property$22.57M · 15.7%
Specialty Automobile$17.37M · 12.1%
Reinsurance$15.71M · 11.0%
Other Professional$13.29M · 9.3%
Niche Specialty Risks$13.26M · 9.3%
Surety Segment$10.31M · 7.2%
Professional Directors And Officers Liability Insurance$7.00M · 4.9%
Miscellaneous Specialty$5.41M · 3.8%
Marine And Energy$4.58M · 3.2%
Environmental$4.25M · 3.0%
Geographic
$251.22M totalUS$172.32M · 68.6%
GB$78.90M · 31.4%
Peer comparison
Same SIC group: Surety Insurance
Comparing AMBAC FINANCIAL GROUP INC against the 5 most active filers in the same SIC group.