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OXBR

Oxbridge Re Holdings Limited

OXBR

Oxbridge Re Holdings Limited • NASDAQ
$1.38 ▼ -3.50% (-0.05)
Market Cap $10.55 M
52w High $5.81
52w Low $1.12
Dividend Yield 0%
P/E -3.63
Volume 759
Outstanding Shares 7.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $645K ▼ $754K ▼ $-185K ▲ -28.682% ▲ $-0.02 ▲ $-170K ▲
Q2-2025 $664K ▼ $1.257M ▲ $-2.819M ▼ -424.548% ▼ $-0.25 ▼ $-2.95M ▼
Q1-2025 $692K ▲ $570K ▲ $108K ▲ 15.607% ▲ $-0.02 ▲ $122K ▲
Q4-2024 $422K ▲ $431K ▼ $-214K ▲ -50.711% ▲ $-0.075 ▲ $-75K ▲
Q3-2024 $205K $432K $-293K -142.927% $-0.088 $-292K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $726K ▼ $8.854M ▼ $1.98M ▼ $6.918M ▲
Q2-2025 $3.87M ▼ $9.172M ▼ $2.685M ▼ $6.546M ▼
Q1-2025 $4.963M ▲ $10.263M ▲ $3.048M ▼ $7.039M ▲
Q4-2024 $2.135M ▲ $7.465M ▲ $3.355M ▼ $3.948M ▲
Q3-2024 $1.409M $7.323M $3.672M $3.651M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-187K ▲ $118K ▲ $0 $405K ▲ $523K ▲ $118K ▲
Q2-2025 $-1.873M ▼ $-2.171M ▼ $0 ▼ $-773K ▼ $-2.944M ▼ $-2.171M ▼
Q1-2025 $-139K ▲ $272K ▲ $63K ▼ $3.369M ▲ $3.704M ▲ $272K ▲
Q4-2024 $-460K ▲ $16K ▼ $332K ▲ $724K ▲ $1.072M ▲ $16K ▼
Q3-2024 $-540K $504K $0 $332K $836K $504K

Revenue by Products

Product Q2-2024Q2-2025
Management Fee Income
Management Fee Income
 $0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The company’s income statement shows an extremely small traditional reinsurance business, with results swinging between modest profits and losses over the past few years. Revenue from core operations appears minimal, so bottom-line results are likely driven more by investment gains or losses, fee income, and catastrophe experience than by steady underwriting profit. Recent years lean toward losses per share, suggesting the business has not yet reached a stable, repeatable earnings pattern. Overall, profitability is volatile and not yet proven at scale.

Balance Sheet

Balance Sheet Oxbridge Re operates with a very small asset base and no financial debt, which simplifies the capital structure but also underscores how small the enterprise is compared with mainstream reinsurers. Reported cash balances are very thin, raising questions about financial flexibility, especially in a business exposed to large catastrophe events. Equity has trended down from earlier years, indicating that losses and limited earnings have eroded the capital cushion over time. In short, the balance sheet is clean but fragile, with little room for major shocks without fresh capital or restructuring.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, which likely reflects either very limited operating activity, the use of non-cash measures, or gaps in disclosure detail. For a reinsurance company, steady operating cash flow is usually a sign of a mature, recurring premium base; that pattern is not evident here. The lack of meaningful capital spending is consistent with an asset-light, platform-style model rather than a traditional brick-and-mortar insurer. Overall, the cash flow profile looks early-stage and thin, which heightens dependence on external capital and on successfully scaling the business model.

Competitive Edge

Competitive Edge In traditional reinsurance, Oxbridge Re is a very small player in a market dominated by large, well-capitalized global firms. That means it lacks the scale, diversification, and brand strength of established competitors and is more exposed to single events and regulatory or market shifts. However, through its SurancePlus subsidiary, it is carving out a niche by offering tokenized catastrophe reinsurance to a broader investor base. This gives it first-mover status in a narrow but potentially growing segment, combining reinsurance expertise with digital-asset distribution. The trade-off is that its competitive position is highly specialized and unproven at larger scale, and it faces both traditional reinsurance rivals and emerging fintech and blockchain platforms targeting similar “real-world asset” tokenization opportunities.

Innovation and R&D

Innovation and R&D Innovation is the company’s main differentiator. Oxbridge Re, via SurancePlus, is pioneering tokenized reinsurance products that let investors buy fractional digital interests in catastrophe reinsurance contracts. By using blockchain and smart contracts, it aims to make reinsurance more transparent, accessible, and potentially more liquid, with different token structures aimed at varying risk and return levels. The firm is also exploring a separate listing for SurancePlus, partnerships with tokenization infrastructure providers, and a broader digital-asset strategy. While this is forward-looking and strategically bold, it operates in a fast-changing regulatory environment and in a still-nascent market, so execution risk and policy risk are both significant.

Summary

Oxbridge Re today looks more like a small, experimental reinsurance and digital-asset platform than a mature, scaled insurer. Its financials are characterized by very small operations, volatile earnings, and a modest capital base, leaving little buffer against large losses or missteps. The core attraction lies not in current financial strength but in the strategic bet on tokenized reinsurance and its first-mover positioning in that niche. The long-term outcome will depend on the company’s ability to: grow this tokenized platform to meaningful scale, manage catastrophe risk prudently with such a small balance sheet, navigate evolving digital-asset regulation, and secure sufficient, stable capital to support growth. The opportunity is innovative and differentiated, but the overall profile is early-stage and high risk, with limited historical evidence of durable profitability.

NEWS

October 27, 2025 · 4:15 PM UTC

Oxbridge Announces 2025 Third Quarter Results on November 6, 2025

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September 29, 2025 · 8:00 AM UTC

Oxbridge / SurancePlus to Attend TOKEN2049 Singapore

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September 22, 2025 · 9:25 AM UTC

Oxbridge / SurancePlus: 2025/26 Tokenized Reinsurance on Track for Targeted Returns

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