Ambac Financial Group (AMBC) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMBC SEC filings page.
Ambac Financial Group, Inc. (AMBC) reported $292.6M in revenue over the twelve months to Mar 31, 2026, up 17.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Revenue held up while the balance sheet shrank sharply, leaving Ambac with less financial scale but continued losses.
Revenue increased6.5% from FY2024 while total assets fell72.4% ; that mismatch points to balance-sheet reduction rather than expansion through a larger asset base. Liabilities also fell83.4% , indicating that the contraction removed obligations as well as assets.
The liability burden was
The net loss narrowed from
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ambac Financial Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Ambac Financial Group, Inc. scores 27/100 on it among other insurers.
Ambac Financial Group, Inc. reported revenue of $251.2M in fiscal year 2025, against $235.8M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Ambac Financial Group, Inc. scores 12/100 among other insurers.
Ambac Financial Group, Inc. funded 32.2% of its assets with shareholders' equity at the end of fiscal year 2025, holding $715.8M of equity against $2.2B of assets. Capital ranks insurers on that cushion, and Ambac Financial Group, Inc. scores 73/100 among other insurers.
Not available for Ambac Financial Group, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Ambac Financial Group, Inc. scores 6/100 on it among other insurers.
Ambac Financial Group, Inc. reported a net loss of $259.0M in fiscal year 2025, against a loss of $556.0M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Ambac Financial Group, Inc. scores 5/100 among other insurers.
Ambac Financial Group, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Key Financial Metrics
Earnings & Revenue
Ambac Financial Group, Inc. generated $104.2M in revenue in Q1 2026. This represents an increase of 66.0% from the same quarter a year earlier. Against the prior quarter it is up 55.7%.
Ambac Financial Group, Inc. reported a net loss of $6.9M in Q1 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Ambac Financial Group, Inc. earned -$0.13 per diluted share (EPS) in Q1 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Not reported for Q1 2026.
Cash & Balance Sheet
Ambac Financial Group, Inc. held $93.5M in cash against $117.1M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Ambac Financial Group, Inc.'s net profit margin was -6.6% in Q1 2026, showing the share of revenue converted to profit. This is up 67.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 34.2 percentage points.
Ambac Financial Group, Inc.'s quarterly ROE was -1.0% in Q1 2026: one quarter's net income over shareholder equity, not annualized. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
AMBC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104.2M+66.0% | $66.9M+2.6% | $66.6M-4.9% | $55.0M+7.7% | $62.8M+26.6% | $65.2M | $70.0M-5.4% | $51.0M-17.7% |
| SG&A Expenses | $53.2M+38.0% | $58.8M+45.5% | $53.7M+22.1% | $40.5M+45.5% | $38.5M+119.2% | $40.4M+90.8% | $44.0M+145.6% | $27.9M+62.8% |
| Interest Expense | $2.1M-61.7% | $1.4Mn/m | $6.2M-69.1% | $5.6M-65.2% | $5.5Mn/m | -$26.6M | $20.0M+25.0% | $16.0M0.0% |
| Income Tax | -$481Kn/m | $9.2M+446.5% | -$1.2Mn/m | -$2.2Mn/m | -$617K-574.6% | $1.7M | -$867K-186.7% | -$30K-101.5% |
| Net Income | -$6.9Mn/m | -$27.3Mn/m | -$112.6Mn/m | -$72.7Mn/m | -$46.4M-323.3% | -$548.3Mn/m | -$27.5M-141.8% | -$750Kn/m |
| EPS (Basic) | -$0.13n/m | N/A | -$2.35n/m | -$1.54n/m | -$1.21-375.0% | -$10.23n/m | -$0.63-143.8% | -$0.02n/m |
| EPS (Diluted) | -$0.13n/m | N/A | -$2.35n/m | -$1.54n/m | -$1.21-375.0% | -$10.23n/m | -$0.63-143.8% | -$0.02n/m |
| Diluted Shares (Avg) | 45M-4.2% | N/A | 48M+0.9% | 48M+4.1% | 47M+3.2% | N/A | 48M+1.9% | 46M+1.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
AMBC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B-72.5% | $2.2B-72.4% | $2.1B-76.8% | $8.5B+4.1% | $8.3B-2.1% | $8.1B-4.4% | $9.3B+18.0% | $8.2B+0.6% |
| Cash & Equivalents | $93.5M+174.6% | $68.4M+131.2% | $27.5M-32.6% | $22.5M+54.5% | $34.1M+147.7% | $29.6M+303.2% | $40.8M+27.5% | $14.6M-55.8% |
| Goodwill | $533.5M+24.3% | $540.3M+29.2% | $445.4M+2.6% | $451.8M+545.4% | $429.3M+513.3% | $418.2M+500.1% | $434.0M+520.0% | $70.0M+14.8% |
| Total Liabilities | $1.2B-82.4% | $1.1B-83.4% | $1.0B-86.4% | $7.3B+8.2% | $7.0B+0.7% | $6.9B-1.9% | $7.4B+13.5% | $6.7B-0.9% |
| Long-Term Debt | $117.1M | $117.6Mn/m | $100.0M-80.7% | N/A | N/A | $0-100.0% | $518.0M+2.6% | $515.0M+2.8% |
| Total Equity | $712.6M-16.4% | $715.8M-10.3% | $843.4M-42.4% | $859.8M-37.1% | $852.2M-37.6% | $798.4M-41.4% | $1.5B+15.8% | $1.4B+9.4% |
| Retained Earnings | $363.8M-46.6% | $370.4M-45.8% | $491.7M-60.2% | $607.5M-52.0% | $681.5M-46.2% | $683.6M-45.1% | $1.2B-1.8% | $1.3B+6.2% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
AMBC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.1Mn/m | -$666Kn/m | -$41.2M-184.1% | $2.1M-89.5% | -$12.6M-278.4% | -$75.6M-185.9% | $48.9M+344.7% | $20.4M-15.0% |
| Depreciation & Amortization | $12.2M+33.1% | $13.3M+38.2% | $9.7M+37.2% | $9.7M+503.5% | $9.2M+468.5% | $9.6M | $7.1M+558.4% | $1.6M+67.1% |
| Stock-Based Compensation | $4.7M+101.0% | N/A | $2.1M-42.1% | $2.4M+6.8% | $2.3Mn/m | N/A | $3.7M-7.7% | $2.3M-54.4% |
| Investing Cash Flow | N/A | N/A | $247.3Mn/m | -$3.3Mn/m | $21.3Mn/m | N/A | -$225.8M-805.8% | -$19.6M-140.7% |
| Financing Cash Flow | N/A | $232.1Mn/m | -$201.0M-196.4% | -$4.3Mn/m | -$5.4Mn/m | -$178.2M-145.5% | $208.6Mn/m | -$400Kn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
AMBC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -6.6%+67.3pp | -40.8% | -169.1% | -132.3% | -73.9%-115.8pp | -840.6% | -39.3%-128.3pp | -1.5%+19.7pp |
| Return on Equity | -1.0%+4.5pp | -3.8%+64.9pp | -13.4%-11.5pp | -8.5%-8.4pp | -5.4%-7.0pp | -68.7%-67.5pp | -1.9%-7.1pp | -0.1%+1.0pp |
| Return on Assets | -0.3%+0.3pp | -1.2%+5.6pp | -5.2%-4.9pp | -0.9%-0.8pp | -0.6%-0.8pp | -6.8%-6.6pp | -0.3%-1.1pp | 0.0%+0.1pp |
| Debt-to-Equity | 0.16 | 0.16+0.2x | 0.12-0.2x | N/A | N/A | 0.00-0.4x | 0.350.0x | 0.380.0x |
| Liabilities-to-Equity | 1.74-6.5x | 1.59-7.0x | 1.19-3.9x | 8.49+3.6x | 8.26+3.1x | 8.60+3.5x | 5.04-0.1x | 4.93-0.5x |
| Asset Turnover | 0.050.0x | 0.030.0x | 0.030.0x | 0.010.0x | 0.010.0x | 0.01 | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ambac Financial Group, Inc. AMBC | FY2025 | $251.2M | -$259.0M | N/A | $419.0M | 25/100 |
| MBIA Inc. MBI | FY2025 | $80.0M | -$177.0M | N/A | $227.5M | 3/100 |
| Investors Title Co ITIC | FY2025 | $272.8M | $35.2M | 12.9% | $531.9M | 76/100 |
| AMERISAFE, Inc. AMSF | FY2025 | $317.3M | $47.1M | 14.9% | $487.7M | 64/100 |
| Tiptree Inc. TIPT | FY2025 | $488K | $34.9M | N/A | $606.6M | — |
| James River Group Holdings, Inc. JRVR | FY2025 | $687.6M | $47.4M | 6.9% | $183.6M | 20/100 |
Where Ambac Financial Group, Inc. Ranks
Frequently Asked Questions
What is Ambac Financial Group, Inc.'s annual revenue?
Ambac Financial Group, Inc. (AMBC) reported $251.2M in total revenue for fiscal year 2025. This represents a 6.5% 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 Financial Group, Inc.'s revenue growing?
Ambac Financial Group, Inc. (AMBC) revenue grew by 6.5% year-over-year, from $235.8M to $251.2M in fiscal year 2025.
Is Ambac Financial Group, Inc. profitable?
No, Ambac Financial Group, Inc. (AMBC) reported a net loss of $219.5M over the trailing 12 months to March 31, 2026. In fiscal year 2025 it reported a net loss of $259.0M.
How much debt does Ambac Financial Group, Inc. have?
As of fiscal year 2025, Ambac Financial Group, Inc. (AMBC) had $68.4M in cash and equivalents against $117.6M in long-term debt.
What is Ambac Financial Group, Inc.'s return on equity (ROE)?
Ambac Financial Group, Inc. (AMBC) has a return on equity of -36.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ambac Financial Group, Inc.'s operating cash flow?
Ambac Financial Group, Inc. (AMBC) recorded an outflow of $52.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Ambac Financial Group, Inc.'s total assets?
Ambac Financial Group, Inc. (AMBC) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ambac Financial Group, Inc.'s debt-to-equity ratio?
Ambac Financial Group, Inc. (AMBC) had a debt-to-equity ratio of 0.16 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Ambac Financial Group, Inc.'s liabilities-to-equity ratio?
Ambac Financial Group, Inc. (AMBC) had a liabilities-to-equity ratio of 1.59 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Ambac Financial Group, Inc.'s return on assets (ROA)?
Ambac Financial Group, Inc. (AMBC) had a return on assets of -11.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ambac Financial Group, Inc.'s Piotroski F-Score?
Ambac Financial Group, Inc. (AMBC) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is Ambac Financial Group, Inc.?
Ambac Financial Group, Inc. (AMBC) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is the average of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Ambac Financial Group, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.