Ambac Finl Group Inc Financials

AMBC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Ambac Finl Group Inc (AMBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Ambac Finl Group Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.00x

For every $1 of reported earnings, Ambac Finl Group Inc generates $-0.00 in operating cash flow ($762K OCF vs -$556.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$235.8M

YoY+89.1%

5Y CAGR-13.8%

10Y CAGR-2.2%

Ambac Finl Group Inc generated $235.8M in revenue in fiscal year 2024. This represents an increase of 89.1% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$556.1M

YoY-11331.8%

Ambac Finl Group Inc reported -$556.1M in net income in fiscal year 2024. This represents a decrease of 11331.8% from the prior year.

EPS (Diluted)

$-10.71

YoY-6050.0%

Ambac Finl Group Inc earned $-10.71 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6050.0% from the prior year.

Cash & Debt

$29.6M

YoY+303.2%

5Y CAGR+4.3%

10Y CAGR+6.3%

Ambac Finl Group Inc held $29.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

47M

YoY+2.9%

5Y CAGR+0.4%

10Y CAGR-17.2%

Ambac Finl Group Inc had 47M shares outstanding in fiscal year 2024. This represents an increase of 2.9% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-235.8%

YoY-239.8pp

5Y CAGR-192.3pp

10Y CAGR+427.0pp

Ambac Finl Group Inc's net profit margin was -235.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 239.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$11.7M

YoY+159.4%

Ambac Finl Group Inc spent $11.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 159.4% from the prior year.

Capital Expenditures

N/A

AMBC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$235.8M+89.1%	$124.7M+132.6%	$53.6M-81.0%	$282.0M+80.8%	$156.0M-68.5%	$496.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$129.2M+92.8%	$67.0M+19.0%	$56.3M-49.3%	$111.0M+20.7%	$92.0M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.4M	$0	$0-100.0%	$187.0M-15.8%	$222.0M-17.5%	$269.0M
Income Tax	-$924K+6.6%	-$989K-114.1%	-$462K-102.6%	$18.0M+700.0%	-$3.0M-109.4%	$32.0M
Net Income	-$556.1M-11331.8%	$5.0M-99.1%	$522.1M+3171.3%	-$17.0M+96.1%	-$437.0M-102.3%	-$216.0M
EPS (Diluted)	$-10.71-6050.0%	$0.18-98.4%	$11.48+1982.0%	$-0.61+93.6%	$-9.47-101.9%	$-4.69

Metric	Q2'25	Q1'25	Q4'24	Q4'23	Q1'24	Q4'22	Q3'23	Q2'23
Revenue	$66.6M+6.1%	$62.8M-3.8%	$65.2M	N/A	$74.0M	N/A	$80.0M-7.0%	$86.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$53.7M+39.4%	$38.5M-4.7%	$40.4M+90.8%	$21.2M+18.3%	$17.9M	N/A	$31.0M+3.3%	$30.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.2M+13.4%	$5.5M+120.5%	-$26.6M	N/A	$16.0M	N/A	$49.0M+8.9%	$45.0M
Income Tax	-$1.2M-101.1%	-$617K-293.0%	-$157K	N/A	$1.0M	N/A	$2.0M+100.0%	$1.0M
Net Income	-$112.6M-151.7%	-$44.7M+91.8%	-$548.3M-3394.8%	-$15.7M-123.8%	$65.9M	N/A	$340.0M+6700.0%	$5.0M
EPS (Diluted)	$-2.35-92.6%	$-1.22+88.1%	$-10.23-4162.5%	$-0.24-116.7%	$1.44	N/A	$7.41+6636.4%	$0.11

AMBC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$8.1B-4.4%	$8.4B+5.7%	$8.0B-35.2%	$12.3B-6.9%	$13.2B-0.8%	$13.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$29.6M+303.2%	$7.3M+16.0%	$6.3M-62.8%	$17.0M-15.0%	$20.0M-16.7%	$24.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$418.2M+500.1%	$69.7M+51.3%	$46.0M+0.1%	$46.0M0.0%	$46.0M	N/A
Total Liabilities	$6.9B-1.9%	$7.0B+5.3%	$6.6B-40.6%	$11.2B-7.3%	$12.1B+2.5%	$11.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$508.0M-20.5%	$639.0M-71.3%	$2.2B-18.6%	$2.7B-2.9%	$2.8B
Total Equity	$856.9M-37.1%	$1.4B+8.8%	$1.3B+20.6%	$1.0B-3.9%	$1.1B-26.9%	$1.5B
Retained Earnings	$742.2M-40.4%	$1.2B+0.1%	$1.2B+71.5%	$726.0M-4.3%	$759.0M-36.9%	$1.2B

Metric	Q2'25	Q1'25	Q4'24	Q4'23	Q1'24	Q4'22	Q3'23	Q2'23
Total Assets	$2.1B-74.0%	$8.3B+2.4%	$8.1B-4.4%	$8.4B+7.4%	$7.8B-1.6%	$8.0B-15.3%	$9.4B-6.5%	$10.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$27.5M-19.2%	$34.1M+15.1%	$29.6M+303.2%	$7.3M-77.1%	$32.0M+405.6%	$6.3M-78.2%	$29.0M-9.4%	$32.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$445.4M+3.7%	$429.3M+2.6%	$418.2M+500.1%	$69.7M-0.4%	$70.0M+52.0%	$46.0M+0.1%	$46.0M0.0%	$46.0M
Total Liabilities	$1.0B-85.8%	$7.0B+2.6%	$6.9B-1.9%	$7.0B+7.5%	$6.5B-2.1%	$6.6B-20.1%	$8.3B-9.5%	$9.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$518.0M+1.2%	$512.0M	N/A	$508.0M+0.6%	$505.0M-21.0%	$639.0M-71.0%	$2.2B+0.5%	$2.2B
Total Equity	$843.4M-1.0%	$852.2M-0.5%	$856.9M-37.1%	$1.4B+7.6%	$1.3B+1.0%	$1.3B+24.1%	$1.0B+28.7%	$784.0M
Retained Earnings	$491.7M-27.8%	$681.5M-8.2%	$742.2M-40.4%	$1.2B-0.9%	$1.3B+1.0%	$1.2B+16.6%	$1.1B+46.7%	$728.0M

AMBC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$762K-99.6%	$200.0M-85.0%	$1.3B+1119.1%	-$131.0M+25.1%	-$175.0M+43.7%	-$311.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	$435.0M-49.8%	$866.0M+11.6%	$776.0M+79.6%	$432.0M-56.8%	$1.0B
Financing Cash Flow	N/A	-$423.0M+80.4%	-$2.2B-229.2%	-$657.0M-116.8%	-$303.0M+56.2%	-$691.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$11.7M+159.4%	$4.5M-68.3%	$14.2M	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q4'23	Q1'24	Q4'22	Q3'23	Q2'23
Operating Cash Flow	-$41.2M-226.3%	-$12.6M+83.3%	-$75.6M-185.9%	$88.0M+700.0%	$11.0M-99.1%	$1.3B+2558.3%	$48.0M+2300.0%	$2.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$247.3M+1059.1%	$21.3M	N/A	-$86.0M-368.8%	$32.0M-92.6%	$431.0M+8720.0%	-$5.0M-101.6%	$304.0M
Financing Cash Flow	-$201.0M-3597.2%	-$5.4M	N/A	-$31.0M+36.7%	-$49.0M+97.1%	-$1.7B-3642.2%	-$45.0M+88.2%	-$382.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMBC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-235.8%-239.8pp	4.0%-969.9pp	973.9%+979.9pp	-6.0%+274.1pp	-280.1%-236.6pp	-43.5%
Return on Equity	N/A	0.4%-41.3pp	41.7%	N/A	N/A	N/A
Return on Assets	-6.9%-7.0pp	0.1%-6.5pp	6.6%+6.7pp	-0.1%+3.2pp	-3.3%-1.7pp	-1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.01+7.6	0.37-0.1	0.51-1.6	2.15-0.4	2.54+0.6	1.91
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q4'23	Q1'24	Q4'22	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-169.1%-97.8pp	-71.3%+769.3pp	-840.6%	N/A	89.0%	N/A	425.0%+419.2pp	5.8%
Return on Equity	N/A	1.5%	N/A	N/A	5.2%	N/A	33.7%+33.1pp	0.6%
Return on Assets	-5.2%-4.7pp	-0.5%+6.3pp	-6.8%-6.6pp	-0.2%-1.0pp	0.8%	N/A	3.6%+3.6pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.19-7.1	8.26+0.3	8.01+7.6	0.37-0.0	0.40-0.1	0.51-1.7	2.18-0.6	2.79
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ambac Finl Group Inc's annual revenue?

Ambac Finl Group Inc (AMBC) reported $235.8M in total revenue for fiscal year 2024. This represents a 89.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ambac Finl Group Inc's revenue growing?

Ambac Finl Group Inc (AMBC) revenue grew by 89.1% year-over-year, from $124.7M to $235.8M in fiscal year 2024.

Is Ambac Finl Group Inc profitable?

No, Ambac Finl Group Inc (AMBC) reported a net income of -$556.1M in fiscal year 2024, with a net profit margin of -235.8%.

What is Ambac Finl Group Inc's earnings per share (EPS)?

Ambac Finl Group Inc (AMBC) reported diluted earnings per share of $-10.71 for fiscal year 2024. This represents a -6050.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Ambac Finl Group Inc's net profit margin?

Ambac Finl Group Inc (AMBC) had a net profit margin of -235.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Ambac Finl Group Inc's operating cash flow?

Ambac Finl Group Inc (AMBC) generated $762K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Ambac Finl Group Inc's total assets?

Ambac Finl Group Inc (AMBC) had $8.1B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Ambac Finl Group Inc buy back shares?

Yes, Ambac Finl Group Inc (AMBC) spent $11.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Ambac Finl Group Inc have outstanding?

Ambac Finl Group Inc (AMBC) had 47M shares outstanding as of fiscal year 2024.

What is Ambac Finl Group Inc's debt-to-equity ratio?

Ambac Finl Group Inc (AMBC) had a debt-to-equity ratio of 8.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ambac Finl Group Inc's return on assets (ROA)?

Ambac Finl Group Inc (AMBC) had a return on assets of -6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Ambac Finl Group Inc's Piotroski F-Score?

Ambac Finl Group Inc (AMBC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ambac Finl Group Inc's earnings high quality?

Ambac Finl Group Inc (AMBC) has an earnings quality ratio of -0.00x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.