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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.

Ategrity Specialty Insurance Co Holdings is the larger business by last-quarter revenue ($116.1M vs $85.1M, roughly 1.4× VINCE HOLDING CORP.). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs 3.2%, a 16.3% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

ASIC vs VNCE — Head-to-Head

Bigger by revenue
ASIC
ASIC
1.4× larger
ASIC
$116.1M
$85.1M
VNCE
Higher net margin
ASIC
ASIC
16.3% more per $
ASIC
19.5%
3.2%
VNCE

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ASIC
ASIC
VNCE
VNCE
Revenue
$116.1M
$85.1M
Net Profit
$22.7M
$2.7M
Gross Margin
49.2%
Operating Margin
25.6%
6.4%
Net Margin
19.5%
3.2%
Revenue YoY
6.2%
Net Profit YoY
-37.3%
EPS (diluted)
$0.45
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASIC
ASIC
VNCE
VNCE
Q4 25
$85.1M
Q3 25
$116.1M
$73.2M
Q2 25
$101.8M
$57.9M
Q1 25
$80.0M
Q4 24
$80.2M
Q3 24
$74.2M
Q2 24
$59.2M
Q1 24
$75.3M
Net Profit
ASIC
ASIC
VNCE
VNCE
Q4 25
$2.7M
Q3 25
$22.7M
$12.1M
Q2 25
$17.6M
$-4.8M
Q1 25
$-28.3M
Q4 24
$4.3M
Q3 24
$569.0K
Q2 24
$4.4M
Q1 24
$-4.7M
Gross Margin
ASIC
ASIC
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
ASIC
ASIC
VNCE
VNCE
Q4 25
6.4%
Q3 25
25.6%
15.2%
Q2 25
21.9%
-7.7%
Q1 25
-37.1%
Q4 24
7.2%
Q3 24
1.5%
Q2 24
9.5%
Q1 24
-2.2%
Net Margin
ASIC
ASIC
VNCE
VNCE
Q4 25
3.2%
Q3 25
19.5%
16.5%
Q2 25
17.3%
-8.3%
Q1 25
-35.5%
Q4 24
5.4%
Q3 24
0.8%
Q2 24
7.4%
Q1 24
-6.2%
EPS (diluted)
ASIC
ASIC
VNCE
VNCE
Q4 25
$0.21
Q3 25
$0.45
$0.93
Q2 25
$0.39
$-0.37
Q1 25
$-2.25
Q4 24
$0.34
Q3 24
$0.05
Q2 24
$0.35
Q1 24
$-0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASIC
ASIC
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$34.3M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
$53.4M
Total Assets
$1.4B
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
VNCE
VNCE
Q4 25
$1.1M
Q3 25
$34.3M
$777.0K
Q2 25
$23.5M
$2.6M
Q1 25
$607.0K
Q4 24
$892.0K
Q3 24
$711.0K
Q2 24
$739.0K
Q1 24
$357.0K
Stockholders' Equity
ASIC
ASIC
VNCE
VNCE
Q4 25
$53.4M
Q3 25
$588.6M
$49.3M
Q2 25
$559.7M
$37.2M
Q1 25
$41.8M
Q4 24
$57.1M
Q3 24
$52.4M
Q2 24
$51.7M
Q1 24
$47.2M
Total Assets
ASIC
ASIC
VNCE
VNCE
Q4 25
$246.0M
Q3 25
$1.4B
$239.0M
Q2 25
$1.4B
$218.0M
Q1 25
$222.7M
Q4 24
$254.7M
Q3 24
$253.6M
Q2 24
$223.1M
Q1 24
$225.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASIC
ASIC
VNCE
VNCE
Operating Cash FlowLast quarter
$41.1M
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.81×
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
VNCE
VNCE
Q4 25
$-5.1M
Q3 25
$41.1M
$4.2M
Q2 25
$50.8M
$-11.8M
Q1 25
$22.7M
Q4 24
$6.4M
Q3 24
$-3.2M
Q2 24
$-3.9M
Q1 24
$14.8M
Free Cash Flow
ASIC
ASIC
VNCE
VNCE
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$14.2M
FCF Margin
ASIC
ASIC
VNCE
VNCE
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Q1 24
18.9%
Capex Intensity
ASIC
ASIC
VNCE
VNCE
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Q1 24
0.7%
Cash Conversion
ASIC
ASIC
VNCE
VNCE
Q4 25
-1.86×
Q3 25
1.81×
0.35×
Q2 25
2.88×
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASIC
ASIC

Segment breakdown not available.

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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