Liquidity remains highly erratic, highlighted by a $2.2 million cash outflow in 2025Q2 that was driven by significant claims payments.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Cash from Operations | -1.41M | -1.35M | -1.23M | -1.26M | -829K | -253K | -266K | -4.37M | -6.63M | -26.31M | 416K | 8.13M | 8.68M | 4.22M |
| Operating CF Growth % | -3595.99% | -9.42% | 2.22% | -51.99% | -227.67% | 4.89% | 93.91% | 34.1% | 74.79% | -6424.52% | -94.88% | -6.37% | 105.81% | - |
| Operating CF / Revenue % | -56.22% | -52.31% | -225.64% | 17.87% | -97.53% | -2.47% | -21.91% | -445.57% | -174.46% | -110.36% | 2.18% | 127.37% | 156.13% | 284.36% |
| Net Income | -3.55M | -2.08M | -2.73M | -9.91M | -1.79M | 8.56M | -50K | -305K | -5.75M | -20.59M | 2.58M | 4.6M | 4M | 853K |
| Depreciation & Amortization | 2K | 1K | 3K | 6K | 4K | 7K | 10K | 10K | 18K | 24K | 21K | 18K | 13K | 0 |
| Stock-Based Compensation | 310K | 418K | 234K | 258K | 127K | 61K | 32K | 36K | 126K | 127K | 119K | 117K | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288K | 0 | -673K | 208K | 0 | 0 |
| Other Non-Cash Items | 128K | 26K | 2.14M | 8.61M | 346K | -9.16M | -219K | -28K | -2M | 222K | 140K | 516K | -641K | 4.92M |
| Working Capital Changes | 68K | 286K | -887K | -216K | 483K | 275K | -39K | -4.08M | 684K | -6.09M | -1.77M | 2.67M | 5.31M | 3.36M |
| Cash from Investing | 57K | 120K | 780K | -105K | -661K | -1.8M | 110K | 488K | 5.04M | 24.98M | 6.87M | -1.95M | -29.3M | -10.12M |
| Capital Expenditures | -16K | -16K | 0 | -5K | 0 | -3K | -14K | -1K | 0 | -6K | -11K | -36K | -59K | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 626K | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | -1.29M | -3.15M | -2.59M | -505K | -10.91M | -22.65M | -13.13M | -13.13M | -19.19M | 0 |
| Sale/Maturity of Investments | 73K | 136K | 307K | 0 | 626K | 1.35M | 2.72M | 994K | 15.96M | 27.32M | 13.09M | 13.4M | 8.01M | 0 |
| Other Investing | 0 | 0 | 473K | -100K | -626K | -1.8M | 0 | 0 | 5.04M | 20.32M | 6.93M | -2.19M | -18.06M | -10.12M |
| Cash from Financing | -56K | 2.31M | 2.6M | 1.18M | 0 | -1K | -384K | 600K | 2M | -3.15M | -3.63M | -2.91M | 25.24M | 9.92M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -1K | 0 | 0 | -35K | -2.09M | -2.88M | -2.91M | -1.71M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.06M | -742K | 0 | 0 | 0 |
| Stock Issued | 4.53M | 3.52M | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.87M | 3.12M |
| Debt Issuance (Net) | 0 | 0 | 1000K | 1000K | 0 | 0 | -384K | 600K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -771K | -1.21M | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 5.08M | 9.92M |
| Net Change in Cash | -9.6M | 1.08M | 2.15M | -183K | -1.49M | -2.06M | -540K | -3.28M | 412K | -4.48M | 3.66M | 3.27M | 4.62M | 4.02M |
| Exchange Rate Effect | -8.19M | 0 | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 6.98M | 5.89M | 3.75M | 3.93M | 5.42M | 7.48M | 8.02M | 11.3M | 10.89M | 12.24M | 8.58M | 5.32M | 695K | -3.33M |
| Cash at End | 0 | 6.98M | 5.89M | 3.75M | 3.93M | 5.42M | 7.48M | 8.02M | 11.3M | 7.76M | 12.24M | 8.58M | 5.32M | 695K |
| Free Cash Flow | -1.43M | -1.36M | -1.23M | -1.26M | -829K | -256K | -280K | -4.37M | -6.63M | -26.32M | 405K | 8.09M | 8.62M | 4.22M |
| FCF Growth % | -288.38% | -10.71% | 2.61% | -52.59% | -223.83% | 8.57% | 93.6% | 34.09% | 74.79% | -6597.78% | -94.99% | -6.15% | 104.41% | - |
| FCF Margin % | -56.86% | -52.93% | -225.64% | 17.95% | -97.53% | -2.5% | -23.06% | -445.67% | -174.46% | -110.38% | 2.12% | 126.8% | 155.06% | 284.36% |
| FCF per Share | -0.18 | -0.18 | -0.2 | -0.22 | -0.14 | -0.04 | -0.05 | -0.76 | -1.16 | -4.54 | 0.07 | 1.34 | 1.77 | 0.7 |
Catastrophic Event Exposure
As reported in quarterly financial filings, Oxbridge Re's underwriting cash generation remains highly erratic, with operating cash flow swinging from a $2.2 million deficit in 2025Q2 to positive figures in other periods, reflecting the inherent instability of its niche, catastrophe-exposed reinsurance business model.
The extreme variance in operating cash flow suggests that the company's cash position is highly sensitive to the timing of premium receipts and the lumpy nature of claim settlements. Investors should monitor whether the company can achieve consistent positive cash generation without relying on the liquidation of investment assets to cover operational shortfalls.
Based on the provided cash flow data, the company frequently reports net losses that do not align with operating cash flow, as evidenced by the 2025Q2 period where a $2.8 million net loss resulted in a $2.2 million cash outflow, highlighting significant non-cash accrual volatility.
The disconnect between net income and operating cash flow suggests that accounting adjustments and reserve movements play a disproportionate role in the company's reported performance. This divergence warrants further investigation into whether the company's cash-based liquidity is sufficient to support its ongoing underwriting commitments during periods of elevated loss activity.
According to historical financial statements, Oxbridge Re has periodically utilized investment sales, such as the $332,000 divestment in 2024Q4, to supplement its cash position, suggesting that internal cash generation from underwriting is currently insufficient to sustain the company's fixed cost structure and operational requirements.
The reliance on portfolio sales to bolster liquidity appears to be a reactive measure rather than a strategic investment decision. This pattern may indicate that the company's investment portfolio is being treated as a secondary source of working capital, which could limit the long-term growth of investment income.
As indicated by the 2025Q2 data, where claims payments reached $2.4 million, the company's cash flow is highly vulnerable to sudden, large-scale loss events that can rapidly deplete available liquidity, as noted in the company's recent historical financial disclosures regarding Gulf Coast catastrophe exposure.
The timing of these claims payments appears to be the primary driver of cash flow volatility, often overwhelming the premiums collected in the same period. This suggests that the company's liquidity profile is heavily dependent on the absence of major loss events, leaving little margin for error in its current underwriting strategy.
Quick answers to the most common questions about buying OXBR stock.
Oxbridge Re Holdings Limited (OXBR) generated $-1.3M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Oxbridge Re Holdings Limited (OXBR) reported negative free cash flow of $1.4M in 2025, indicating capital requirements exceeded cash from operations.
Oxbridge Re Holdings Limited (OXBR) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.