The filing shows a modest earnings improvement but continued revenue contraction and expense creep. With a $1M market cap and no guidance, the stock is likely to remain range-bound. Monitor the upcoming 2026-2027 underwriting cycle for potential catalyst from T20/T42 token offerings.
Price Chart
Executive Summary
Oxbridge Re reported Q1 2026 net income of $22,000 (breakeven per share) vs. a net loss of $139,000 in Q1 2025, driven by lower underwriting income allocated to tokenholders. However, net premiums earned declined 6.7% YoY to $555,000, and the combined ratio worsened to 105% from 95.8% due to higher G&A costs for web3 marketing and investor relations. The company's cash position strengthened to $8.19M, but the core reinsurance business continues to shrink with no guidance provided.
Key Financial Metrics
Key Facts
- Net income of $22,000 vs. net loss of $139,000 in Q1 2025
- Net premiums earned decreased to $555,000 from $595,000 (-6.7% YoY)
- Combined ratio deteriorated to 105% from 95.8% YoY
- Cash and restricted cash increased to $8.19M from $6.98M at Dec 2025
- Loss ratio remained at 0% (no catastrophe losses in the quarter)
- Total expenses increased to $583,000 from $570,000 YoY
- No guidance or outlook provided in the filing
Financial Impact
Small improvement in net income from -$139K to +$22K, but revenue continues to decline; no material financial impact
Risk Factors
- Continued decline in net premiums earned due to lower weighted average rates
- Expense ratio rising from increased web3 marketing and professional costs
- Micro-cap stock with limited liquidity and no analyst coverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022240 |
| Document: form8-k.htm | 0001493152-26-022240 |
| Document: 0001493152-26-022240-index-headers.html | 0001493152-26-022240 |
| Document: 0001493152-26-022240-index.html | 0001493152-26-022240 |
| Document: 0001493152-26-022240.txt | 0001493152-26-022240 |
| 8-K Data (Synthetic) | 0001493152-26-022240 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 11, 2026 24w ago | 8-K | $0.1072 $0.1072 | · 0.00% | ▲ +1.73% | — |
Mar 30, 2026 30w ago | 8-K | $0.1072 $0.1002 | ▼ −6.53% | ▼ −15.95% | — |
US Market Status
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