Quarterly ResultMay 11, 2026, 04:13 PM
Oxbridge Re Q1 Net Income $22K vs. $(139)K Loss; Revenue $623K
AI Summary
Oxbridge Re Holdings Ltd reported a net income of $22 thousand for the first quarter of 2026, a significant improvement from a net loss of $139 thousand in the same period last year. Total revenue for the quarter decreased to $623 thousand from $692 thousand year-over-year. The company's total assets increased to $8.74 million, and total shareholders' equity rose to $6.10 million as of March 31, 2026. A new loan payable of $1 million was recorded during the period.
Key Highlights
- Net income attributable to ordinary shareholders was $22 thousand for Q1 2026, up from a $(139) thousand loss in Q1 2025.
- Basic and diluted EPS was $0 for Q1 2026, compared to $(0.02) in Q1 2025.
- Total revenue decreased to $623 thousand in Q1 2026 from $692 thousand in Q1 2025.
- Total assets increased to $8.74 million at March 31, 2026, from $8.05 million at December 31, 2025.
- Total liabilities rose to $2.12 million at March 31, 2026, from $1.56 million at December 31, 2025.
- Total shareholders' equity increased to $6.10 million at March 31, 2026, from $5.98 million at December 31, 2025.
- Net cash provided by operating activities was $210 thousand in Q1 2026, down from $272 thousand in Q1 2025.
- A new loan payable of $1 million was recorded in Q1 2026.