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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and OCTAVE SPECIALTY GROUP INC (OSG). Click either name above to swap in a different company.

Galiano Gold Inc. is the larger business by last-quarter revenue ($166.8M vs $104.2M, roughly 1.6× OCTAVE SPECIALTY GROUP INC). Over the past eight quarters, OCTAVE SPECIALTY GROUP INC's revenue compounded faster (42.9% CAGR vs 1.3%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

Octave Specialty Group Inc. is a specialty insurance holding company that provides tailored property and casualty insurance products. Its core business focuses on excess and surplus lines, catering to commercial and individual clients across primary North American markets with customized risk coverage solutions.

GAU vs OSG — Head-to-Head

Bigger by revenue
GAU
GAU
1.6× larger
GAU
$166.8M
$104.2M
OSG
Faster 2-yr revenue CAGR
OSG
OSG
Annualised
OSG
42.9%
1.3%
GAU

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GAU
GAU
OSG
OSG
Revenue
$166.8M
$104.2M
Net Profit
$-6.9M
Gross Margin
Operating Margin
24.3%
Net Margin
-6.6%
Revenue YoY
66.0%
Net Profit YoY
EPS (diluted)
$-0.13

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
GAU
GAU
OSG
OSG
Q1 26
$104.2M
Q4 25
$66.9M
Q3 25
$166.8M
$66.6M
Q2 25
$95.7M
$55.0M
Q1 25
$31.7M
$62.8M
Q4 24
$65.2M
Q3 24
$71.1M
$70.0M
Q2 24
$64.0M
$51.0M
Net Profit
GAU
GAU
OSG
OSG
Q1 26
$-6.9M
Q4 25
$-29.7M
Q3 25
$-112.6M
Q2 25
$4.1M
$-72.7M
Q1 25
$-3.2M
$-44.7M
Q4 24
$-20.9M
Q3 24
$1.1M
$-27.5M
Q2 24
$8.8M
$-750.0K
Operating Margin
GAU
GAU
OSG
OSG
Q1 26
Q4 25
-76.7%
Q3 25
24.3%
-48.2%
Q2 25
18.4%
-41.8%
Q1 25
8.2%
-24.1%
Q4 24
-55.5%
Q3 24
-29.7%
Q2 24
-28.9%
Net Margin
GAU
GAU
OSG
OSG
Q1 26
-6.6%
Q4 25
-73.8%
Q3 25
-169.1%
Q2 25
4.3%
-132.3%
Q1 25
-10.1%
-71.3%
Q4 24
-55.1%
Q3 24
1.5%
-39.3%
Q2 24
13.8%
-1.5%
EPS (diluted)
GAU
GAU
OSG
OSG
Q1 26
$-0.13
Q4 25
$-0.82
Q3 25
$-2.35
Q2 25
$-1.54
Q1 25
$-1.22
Q4 24
$-11.75
Q3 24
$-0.63
Q2 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
GAU
GAU
OSG
OSG
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$117.1M
Stockholders' EquityBook value
$833.6M
Total Assets
$2.3B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
OSG
OSG
Q1 26
Q4 25
$146.4M
Q3 25
$27.5M
Q2 25
$22.5M
Q1 25
$34.1M
Q4 24
$157.2M
Q3 24
$40.8M
Q2 24
$14.6M
Total Debt
GAU
GAU
OSG
OSG
Q1 26
$117.1M
Q4 25
$117.6M
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$518.0M
Q2 24
$515.0M
Stockholders' Equity
GAU
GAU
OSG
OSG
Q1 26
$833.6M
Q4 25
$715.8M
Q3 25
$843.4M
Q2 25
$859.8M
Q1 25
$852.2M
Q4 24
$798.4M
Q3 24
$1.5B
Q2 24
$1.4B
Total Assets
GAU
GAU
OSG
OSG
Q1 26
$2.3B
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$8.5B
Q1 25
$8.3B
Q4 24
$8.1B
Q3 24
$9.3B
Q2 24
$8.2B
Debt / Equity
GAU
GAU
OSG
OSG
Q1 26
0.14×
Q4 25
0.16×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.35×
Q2 24
0.38×

Cash Flow & Capital Efficiency

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

Metric
GAU
GAU
OSG
OSG
Operating Cash FlowLast quarter
$41.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAU
GAU
OSG
OSG
Q1 26
Q4 25
$-52.3M
Q3 25
$41.9M
$-41.2M
Q2 25
$17.5M
$2.1M
Q1 25
$13.0M
$-12.6M
Q4 24
$762.0K
Q3 24
$28.6M
$48.9M
Q2 24
$9.2M
$20.4M
Cash Conversion
GAU
GAU
OSG
OSG
Q1 26
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

OSG
OSG

Commissions$68.2M65%
Other$20.6M20%
Servicing and other fees$9.4M9%
Program fees$3.6M3%
Investment income$2.4M2%

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