OXBR
OXBRIDGE RE HOLDINGS Ltd
Next earnings Aug 12, 2026 · consensus $0.07 EPS, $1.96M rev
Last earnings +5.7% on 2026-05-11
$1.28
▲ +28.00%$1.28▼ -26.86%
over 1Y
L $0.68H $2.75
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+28.0%
1W+36.2%
1M+30.1%
3M+52.2%
YTD-2.3%
1Y-26.9%
Avoid
Conviction
Horizon
Long (>12mo)
Street · 7 analysts
Buy
Sub-$10M Cayman cat-reinsurer bleeding cash with a $268K balance and a speculative crypto pivot — a lottery ticket, not an investment.
Cash & equivalents $268K · FY2025
Oxbridge is a $9.99M-market-cap fully-collateralized property-catastrophe reinsurer focused on Gulf Coast/Florida wind risk — a business model that is inherently lumpy and binary. The five-year record proves it: revenue swung from $10.2M (with $8.56M net income) in FY2021 to *negative* $7.05M in FY2023 (a $9.91M loss as prior treaties developed adversely), then $546K in FY2024 and $2.58M in FY2025. The FY2025 '+372%' revenue headline is off a trivial base and still produced a -$2.08M loss, a -80.7% net margin and -35.1% ROE. This is not a growth story; it is a volatile bet on how one hurricane season resolves.
The balance sheet is the disqualifier. Cash collapsed 87.4% to just $268K while operating cash flow ran -$1.35M — the company burned more than four times its remaining cash last year. Equity of $5.92M sits atop a -$32.1M accumulated deficit, meaning shareholders have historically been diluted (shares +4.8%) to fund persistent losses; the MD&A itself flags that results depend on 'follow-on offerings' to deploy new capital, telegraphing more dilution ahead. Low leverage (liabilities/equity 0.26x) is the one bright spot, but a fully-collateralized reinsurer with a quarter-million in cash has almost no margin for a single adverse claims year.
Is OXBR a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 1.5 @ ~0.43 est
- Short put 1 @ ~0.14 est
debit $29max +$21max −$29BE 1.21
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $10.2M | $850K | -$7.05M | $546K | $2.58M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $8.56M | -$1.79M | -$9.91M | -$2.73M | -$2.08M |
| Diluted EPS | $1.49 | -$0.31 | -$1.69 | -$0.45 | -$0.28 |
| Net margin | 83.8% | -210.5% | 140.7% | -499.3% | -80.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-20.0%
FCF yield-13.2%
Quality & risk
ROIC (est.)—
Free cash flow-$1.36M
Total debt—
Net cash$268K
Piotroski F-Score3/6
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.0%
Shareholder yield0.0%
Shares Δ YoY+4.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Material agreement2026-06-22
Entered new material definitive agreement, likely a reinsurance/tokenization deal
- 8-K Shareholder vote2026-06-16
Disclosed annual meeting voting results (director elections, auditor ratification)
- 8-K Earnings results2026-05-11
Q1 2026 10-Q: reinsurance/token business ongoing, still unprofitable
- 10-Q Quarterly report2026-05-11
Q1 2026 10-Q: reinsurance/token business ongoing, still unprofitable
- DEF 14A Proxy statement2026-04-28
Proxy for annual meeting — routine director/auditor votes
- 10-K/A Restated periodic report2026-04-06
Amended FY2025 10-K (Part III/governance), no financial restatement
- 8-K Earnings results2026-03-30
FY2025 10-K: revenue rebounds, equity +50%, but net loss and cash -87%
- 10-K Annual report2026-03-30
FY2025 10-K: revenue rebounds, equity +50%, but net loss and cash -87%
- 8-K Material agreement2026-02-13
New agreement created a direct financial obligation (notes/financing capacity)
Recent filings
all on EDGAR ↗424B5Filing2026-06-22open ↗8-KPeriod ending 2026-06-222026-06-22open ↗8-KPeriod ending 2026-06-162026-06-16open ↗8-KPeriod ending 2026-05-112026-05-11open ↗10-QPeriod ending 2026-03-312026-05-11open ↗ARSPeriod ending 2025-12-312026-04-28open ↗DEFA14AFiling2026-04-28open ↗DEF 14APeriod ending 2026-04-282026-04-28open ↗SCHEDULE 13D/AFiling2026-04-17open ↗4Period ending 2026-04-152026-04-16open ↗10-K/APeriod ending 2025-12-312026-04-06open ↗8-KPeriod ending 2026-03-302026-03-30open ↗
Frequently asked
- Is OXBRIDGE RE HOLDINGS Ltd (OXBR) a buy?
- OXBR currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Sub-$10M Cayman cat-reinsurer bleeding cash with a $268K balance and a speculative crypto pivot — a lottery ticket, not an investment.
- What is OXBRIDGE RE HOLDINGS Ltd's quality score?
- OXBR scores 55.90042372881356/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001584831, latest 10-Q filed 2026-05-11) · EODHD · Proprietary analysis · as of 7/4/2026, 5:36:41 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 1:36 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.