Ategrity Specialty Insurance Company Holdings (ASIC) Income Statement
ASIC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsASIC revenue and net income
Where ASIC's revenue goes
2025Each bar shows an amount and its share of revenue. ASIC kept 17.4% of revenue as net income.
ASIC profit margins
ASIC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.4% | — | — | — |
| Gross profit | +96.6% | — | — | — |
| Operating income | +44.7% | — | — | — |
| Net income | +57.2% | — | — | — |
| EPS (diluted) | +37.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ASIC quarterly EPS vs estimates
Ategrity Specialty Insurance beat the analyst EPS estimate in 6 of the last 6 quarters. Next report: October 21, 2026 (estimate $0.50).
ASIC income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $424.3M | $343.8M | $241.3M |
| Cost of revenue | $212.1M | $235.9M | $200.3M |
| Gross profit | $212.2M | $107.9M | $41.0M |
| Total operating expenses | $116.3M | $41.6M | $28.4M |
| Operating income | $95.9M | $66.3M | $12.6M |
| Interest expense | $1.4M | $2.0M | $2.2M |
| Income before taxes | $95.9M | $66.3M | $12.6M |
| Income taxes | $19.8M | $12.3M | $2.5M |
| Net income | $74.0M | $47.1M | $10.0M |
| EBITDA | $97.9M | $69.0M | $15.1M |
| EPS (diluted) | $1.37 | $1.00 | $0.03 |
| Gross margin | 50.0% | 31.4% | 17.0% |
| Operating margin | 22.6% | 19.3% | 5.2% |
| Net margin | 17.4% | 13.7% | 4.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $148.5M | $129.0M | $123.3M | $116.1M | $101.8M | $83.1M | $100.5M | $90.3M | $75.7M | $76.1M |
| Cost of revenue | $66.5M | $61.9M | $28.0M | $56.2M | $66.5M | $61.5M | — | — | $60.8M | $56.0M |
| Gross profit | $82.0M | $67.1M | $95.3M | $59.9M | $35.3M | $21.7M | — | — | $14.9M | $20.1M |
| Total operating expenses | $35.5M | $32.9M | $62.2M | $30.2M | $12.9M | $11.0M | $69.1M | $71.7M | $9.6M | $9.0M |
| Operating income | $46.4M | $34.2M | $33.2M | $29.7M | $22.3M | $10.7M | — | — | $5.3M | $11.0M |
| Interest expense | $4,000 | $4,000 | $72,000 | $392,000 | $447,000 | $447,000 | $468,000 | $480,000 | $544,000 | $550,000 |
| Income before taxes | $46.4M | $34.2M | $33.2M | $29.7M | $22.3M | $10.7M | $31.4M | $18.5M | $5.3M | $11.0M |
| Income taxes | $9.3M | $7.1M | $6.7M | $6.1M | $4.7M | $2.2M | — | — | $1.2M | $2.1M |
| Net income | $33.5M | $25.5M | $25.3M | $22.7M | $17.6M | $8.5M | $21.5M | $12.9M | $4.9M | $7.8M |
| EBITDA | $46.4M | $34.2M | $33.2M | $30.1M | $22.8M | $11.1M | — | — | $5.9M | $11.6M |
| EPS (diluted) | $0.67 | $0.51 | $0.51 | $0.45 | $0.39 | $0.02 | — | — | — | — |
| Gross margin | 55.2% | 52.0% | 77.3% | 51.6% | 34.7% | 26.1% | — | — | 19.7% | 26.4% |
| Operating margin | 31.3% | 26.5% | 26.9% | 25.6% | 21.9% | 12.9% | — | — | 7.0% | 14.5% |
| Net margin | 22.5% | 19.7% | 20.5% | 19.5% | 17.3% | 10.2% | 21.4% | 14.3% | 6.5% | 10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ASIC's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ASIC financial results
In fiscal year 2025 (ended December 31, 2025), Ategrity Specialty Insurance reported revenue of $424.3 million, up 23.4% from the year before. It had net income of $74.0 million (up 57.2%), a net profit margin of 17.4%. Diluted earnings per share came to $1.37.
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ASIC income statement FAQ
What is Ategrity Specialty Insurance's annual revenue?
Ategrity Specialty Insurance reported total revenue of $424.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.4% from $343.8 million the previous year.
Is Ategrity Specialty Insurance profitable?
Yes. Ategrity Specialty Insurance reported net income of $74.0 million in fiscal 2025, a net profit margin of 17.4%; its operating margin was 22.6%.
What is Ategrity Specialty Insurance's gross margin?
Ategrity Specialty Insurance's gross margin was 50.0% in fiscal 2025: for every $100 of revenue, Ategrity Specialty Insurance kept $50 after the direct cost of its products and services.
What are Ategrity Specialty Insurance's earnings per share?
Ategrity Specialty Insurance earned $1.37 per diluted share in fiscal 2025, compared with $1.00 a year earlier.
When will Ategrity Specialty Insurance report its next earnings?
Ategrity Specialty Insurance is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Ategrity Specialty Insurance's fiscal year end?
Ategrity Specialty Insurance's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.