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Side-by-side financial comparison of Nano Dimension Ltd. (NNDM) and OCTAVE SPECIALTY GROUP INC (OSG). Click either name above to swap in a different company.

OCTAVE SPECIALTY GROUP INC is the larger business by last-quarter revenue ($66.9M vs $57.8M, roughly 1.2× Nano Dimension Ltd.). OCTAVE SPECIALTY GROUP INC runs the higher net margin — -73.8% vs -171.1%, a 97.3% gap on every dollar of revenue.

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

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.

NNDM vs OSG — Head-to-Head

Bigger by revenue
OSG
OSG
1.2× larger
OSG
$66.9M
$57.8M
NNDM
Higher net margin
OSG
OSG
97.3% more per $
OSG
-73.8%
-171.1%
NNDM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
NNDM
NNDM
OSG
OSG
Revenue
$57.8M
$66.9M
Net Profit
$-98.8M
$-29.7M
Gross Margin
43.1%
Operating Margin
-155.1%
-76.7%
Net Margin
-171.1%
-73.8%
Revenue YoY
2.6%
Net Profit YoY
-41.7%
EPS (diluted)
$-0.45
$-0.82

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
NNDM
NNDM
OSG
OSG
Q4 25
$66.9M
Q3 25
$66.6M
Q2 25
$55.0M
Q1 25
$62.8M
Q4 24
$57.8M
$65.2M
Q3 24
$70.0M
Q2 24
$28.4M
$51.0M
Q1 24
$49.6M
Net Profit
NNDM
NNDM
OSG
OSG
Q4 25
$-29.7M
Q3 25
$-112.6M
Q2 25
$-72.7M
Q1 25
$-44.7M
Q4 24
$-98.8M
$-20.9M
Q3 24
$-27.5M
Q2 24
$-79.2M
$-750.0K
Q1 24
$20.8M
Gross Margin
NNDM
NNDM
OSG
OSG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q1 24
Operating Margin
NNDM
NNDM
OSG
OSG
Q4 25
-76.7%
Q3 25
-48.2%
Q2 25
-41.8%
Q1 25
-24.1%
Q4 24
-155.1%
-55.5%
Q3 24
-29.7%
Q2 24
-28.9%
Q1 24
-6.5%
Net Margin
NNDM
NNDM
OSG
OSG
Q4 25
-73.8%
Q3 25
-169.1%
Q2 25
-132.3%
Q1 25
-71.3%
Q4 24
-171.1%
-55.1%
Q3 24
-39.3%
Q2 24
-279.4%
-1.5%
Q1 24
41.9%
EPS (diluted)
NNDM
NNDM
OSG
OSG
Q4 25
$-0.82
Q3 25
$-2.35
Q2 25
$-1.54
Q1 25
$-1.22
Q4 24
$-0.45
$-11.75
Q3 24
$-0.63
Q2 24
$-0.35
$-0.02
Q1 24
$0.44

Balance Sheet & Financial Strength

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

Metric
NNDM
NNDM
OSG
OSG
Cash + ST InvestmentsLiquidity on hand
$317.2M
$146.4M
Total DebtLower is stronger
$117.6M
Stockholders' EquityBook value
$860.0M
$715.8M
Total Assets
$902.5M
$2.2B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNDM
NNDM
OSG
OSG
Q4 25
$146.4M
Q3 25
$27.5M
Q2 25
$22.5M
Q1 25
$34.1M
Q4 24
$317.2M
$157.2M
Q3 24
$40.8M
Q2 24
$231.8M
$14.6M
Q1 24
$13.8M
Total Debt
NNDM
NNDM
OSG
OSG
Q4 25
$117.6M
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$518.0M
Q2 24
$515.0M
Q1 24
$512.0M
Stockholders' Equity
NNDM
NNDM
OSG
OSG
Q4 25
$715.8M
Q3 25
$843.4M
Q2 25
$859.8M
Q1 25
$852.2M
Q4 24
$860.0M
$798.4M
Q3 24
$1.5B
Q2 24
$870.3M
$1.4B
Q1 24
$1.4B
Total Assets
NNDM
NNDM
OSG
OSG
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$8.5B
Q1 25
$8.3B
Q4 24
$902.5M
$8.1B
Q3 24
$9.3B
Q2 24
$911.0M
$8.2B
Q1 24
$8.4B
Debt / Equity
NNDM
NNDM
OSG
OSG
Q4 25
0.16×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.35×
Q2 24
0.38×
Q1 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
NNDM
NNDM
OSG
OSG
Operating Cash FlowLast quarter
$-18.9M
$-52.3M
Free Cash FlowOCF − Capex
$-21.1M
FCF MarginFCF / Revenue
-36.5%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNDM
NNDM
OSG
OSG
Q4 25
$-52.3M
Q3 25
$-41.2M
Q2 25
$2.1M
Q1 25
$-12.6M
Q4 24
$-18.9M
$762.0K
Q3 24
$48.9M
Q2 24
$-30.7M
$20.4M
Q1 24
$7.1M
Free Cash Flow
NNDM
NNDM
OSG
OSG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-21.1M
Q3 24
Q2 24
Q1 24
FCF Margin
NNDM
NNDM
OSG
OSG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-36.5%
Q3 24
Q2 24
Q1 24
Capex Intensity
NNDM
NNDM
OSG
OSG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.8%
Q3 24
Q2 24
Q1 24
Cash Conversion
NNDM
NNDM
OSG
OSG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NNDM
NNDM

Segment breakdown not available.

OSG
OSG

Other$28.7M43%
Specialty Property Casualty Program$23.1M34%
Accident Health$9.6M14%
Specialty Automobile$3.1M5%
Niche Specialty Risks$2.4M4%

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