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OXBR on Nasdaq

OXBRIDGE RE HOLDINGS Ltd

OXBRIDGE RE HOLDINGS Ltd is a fire company that raised $3 million in 2025 (SEC Form D).1 It is headquartered in Georgetown, Cayman Islands.1

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Last updated Oct 21, 2026.

Overview

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  • TickerOXBR on Nasdaq1
  • IndustryFire, Marine & Casualty Insurance1
  • HeadquartersGeorgetown, Cayman Islands1
  • Incorporated inCayman Islands2
  • Business addressSuite 201, 42 Edward Street, P.O. Box 469, Georgetown, E9 Ky1-90062
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Share price, plus 20%, and then 80% of any proceeds in excess of the amount necessary to pay the preferred return.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-80.7%Net margin5
372.0%Revenue growth, 20255
-35.1%Return on equity5
-$1.4MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$2.6M

Out of $2.6M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$2.6M in 2025+163% since 2019
-$10.0M-$5.0M0$5.0M$10.0M$15.0M2019: $981.0K$981.0K20192020: $1.2M$1.2M2020+24%2021: $10.2M$10.2M2021+742%2022: $850.0K$850.0K2022−92%2023: -$7.0M-$7.0M20232024: $546.0K$546.0K20242025: $2.6M$2.6M2025+372%
Net income6789105-$2.1M in 2025+582% since 2019
-$10.0M-$5.0M0$5.0M$10.0M2019: -$305.0K-$305.0K20192020: -$50.0K-$50.0K2020−84%2021: $8.6M$8.6M20212022: -$1.8M-$1.8M20222023: -$9.9M-$9.9M2023+454%2024: -$2.7M-$2.7M2024−73%2025: -$2.1M-$2.1M2025−24%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Assumed premiums$2.3M$2.4M
Change in unearned premiums reserve$12.0K-$76.0K
Net premiums earned$2.3M$2.3M
SurancePlus fee income$1.0K$312.0K
Realized gain on other investments$35.0K
Net investment and other income$314.0K$248.0K
Interest and gain on redemption of Series A-1 preferred shares$47.0K
Interest and gain on redemption of loan receivable$41.0K
Unrealized loss on other investments-$20.0K-$2.1M
Change in fair value of equity securities-$40.0K-$260.0K
Total revenue$2.6M$546.0K
Losses and loss adjustment expenses$2.7M
Policy acquisition costs and underwriting expenses$252.0K$254.0K
General and administrative expenses$3.0M$1.9M
Total expenses$6.0M$2.2M
Loss before loss (income) attributable to tokenholders and non-controlling interests-$3.5M-$1.6M
Loss (income) attributable to tokenholders$1.4M-$962.0K
Loss before income attributable to non-controlling interests-$2.1M-$2.6M
Income attributable to non-controlling interests-$2.0K-$139.0K
Net loss attributable to ordinary shareholders-$2.1M-$2.7M
Basic-$0.28-$0.45
Diluted-$0.28-$0.45
Basic7.4M shares6.1M shares
Diluted7.4M shares6.1M shares

Compare OXBRIDGE RE HOLDINGS Ltd with another company

Corporate structure

OXBRIDGE RE HOLDINGS Ltd sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of OXBRIDGE RE HOLDINGS Ltd

  • Allan S. Martin Filed SCHEDULE 13D/A on OXBRIDGE RE HOLDINGS Ltd, latest Apr 17, 2026 (4 filings since Jul 31, 2023)
  • ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G/A on OXBRIDGE RE HOLDINGS Ltd, latest Aug 14, 2025 (2 filings since May 15, 2025)
  • David E. Lazar Filed SC 13D/A on OXBRIDGE RE HOLDINGS Ltd, latest Jun 9, 2022
  • Activist Investing LLC Filed SC 13D/A on OXBRIDGE RE HOLDINGS Ltd, latest Apr 4, 2022
  • OXBRIDGE RE HOLDINGS Ltd Georgetown, Cayman Islands
    • DSN Blockchain Technologies Ltd., which was incorporated on February 18, 2022 under the laws of Subsidiary · Cayman Islands
    • OAC Equity Holdings LLC, which was incorporated on May 18, 2021 under the laws of Subsidiary · Cayman Islands
    • Oxbridge Re NS Limited, which was incorporated on December 22, 2017 under the laws of Subsidiary · Cayman Islands
    • Oxbridge Reinsurance Limited, which was incorporated on April 23, 2013 under the laws of Subsidiary · Cayman Islands
    • SurancePlus Holdings Ltd (f/k/a Oxbridge VT Ltd.), which was incorporated on January 27, 2022 under the laws of Subsidiary · Cayman Islands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What OXBRIDGE RE HOLDINGS Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$146.0K5 Dec 31, 2025$135.0K5 Dec 31, 2024+8.1%
Accumulated depreciation$130.0K5 Dec 31, 2025$134.0K5 Dec 31, 2024−3.0%
Property and equipment, net$16.0K5 Dec 31, 2025$1.0K5 Dec 31, 2024+1500.0%
Operating-lease assets (leased space)$43.0K5 Dec 31, 2025$148.0K5 Dec 31, 2024−70.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$268.0K5 Dec 31, 2025$2.1M5 Dec 31, 2024−87.4%
Equity securities at fair value$113.0K5 Dec 31, 2024$680.0K10 Dec 31, 2023−83.4%

Properties, in its own words

We currently lease office space at Suite 201, 42 Edward Street, Georgetown, Grand Cayman. This lease expires in February 2027. We believe that our current office is suitable and sufficient for us to conduct our operations for the foreseeable future.

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led OXBRIDGE RE HOLDINGS Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sanjay Madhu2014–now

President

  1. Sanjay Madhu2014–now

Chief financial officer

  1. Wrendon Timothy2023–now
201520202025
Board members and other officers (11)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJAY MADHU named Feb 26, 202524

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • DSN Blockchain Technologies Ltd., which was incorporated on February 18, 2022 under the laws of the Cayman Islands (80%).3
  • OAC Equity Holdings LLC, which was incorporated on May 18, 2021 under the laws of the Cayman Islands (100%).3
  • Oxbridge Re NS Limited, which was incorporated on December 22, 2017 under the laws of the Cayman Islands (80%).3
  • Oxbridge Reinsurance Limited, which was incorporated on April 23, 2013 under the laws of the Cayman Islands (100%).3
  • SurancePlus Holdings Ltd (f/k/a Oxbridge VT Ltd.), which was incorporated on January 27, 2022 under the laws of the Cayman Islands (80%).3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 13, 20268-K Results of operations25
  2. Jun 22, 20268-K Entered a material agreement26
  3. Jun 16, 20268-K Shareholder vote27
  4. May 11, 20268-K Results of operations28
  5. Mar 30, 20268-K Results of operations29
  6. Feb 13, 20268-K Entered a material agreement; New debt or obligation30
  7. Feb 10, 20268-K Regulation FD disclosure31
  8. Nov 6, 20258-K Results of operations32
  9. Sep 16, 20258-K Other events33
  10. Sep 4, 20258-K Unregistered sale of shares; Executive or director change; Bylaws or fiscal year changed34
  11. Aug 14, 20258-K Results of operations35
  12. Jul 10, 20258-K Entered a material agreement36
  13. Mar 26, 2014New chief executive Sanjay Madhu becomes CEO13

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 6, 2025.37

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results25
  2. May 11, 2026Reported quarterly or annual results28
  3. Mar 30, 2026Reported quarterly or annual results29
  4. Nov 6, 2025Reported quarterly or annual results32
  5. Aug 14, 2025Reported quarterly or annual results35
  6. May 12, 2025Reported quarterly or annual results38
  7. Mar 26, 2025Reported quarterly or annual results39
  8. Nov 13, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

169 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 51 major events, 43 insider forms, 8 large holders, 1 private raises, 44 other. The latest 20:

  1. Aug 13, 20268-K EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Jun 22, 2026424B5 EDGAR
  4. Jun 22, 20268-K EDGAR
  5. Jun 16, 20268-K EDGAR
  6. May 11, 20268-K EDGAR
  7. May 11, 202610-Q EDGAR
  8. Apr 28, 2026ARS EDGAR
  9. Apr 28, 2026DEFA14A EDGAR
  10. Apr 28, 2026DEF 14A EDGAR
  11. Apr 17, 2026SCHEDULE 13D/A EDGAR
  12. Apr 16, 20264 PRIMARY DOCUMENT EDGAR
  13. Apr 6, 202610-K/A EDGAR
  14. Mar 30, 20268-K EDGAR
  15. Mar 30, 202610-K EDGAR
  16. Feb 13, 20268-K EDGAR
  17. Feb 10, 20268-K EDGAR
  18. Nov 6, 20258-K EDGAR
  19. Nov 6, 202510-Q EDGAR
  20. Sep 19, 20254 PRIMARY DOCUMENT EDGAR

The 169 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 7 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2025MARTIN ALLAN S.10% ownerSale4,328$2.45$10.6KForm 4
Aug 27, 2025MARTIN ALLAN S.10% ownerSale10,000$2.38$23.8KForm 4
Jul 24, 2025MARTIN ALLAN S.10% ownerSale2,000$2.43$4.9KForm 4
Jul 23, 2025MARTIN ALLAN S.10% ownerSale2,000$2.38$4.8KForm 4
Jul 22, 2025MARTIN ALLAN S.10% ownerSale1,000$2.40$2.4KForm 4
Jul 18, 2025MARTIN ALLAN S.10% ownerSale2,000$2.31$4.6KForm 4
Jul 17, 2025MARTIN ALLAN S.10% ownerSale1,000$2.27$2.3KForm 4
Jul 14, 2025MARTIN ALLAN S.10% ownerSale2,000$2.45$4.9KForm 4
Jul 11, 2025MARTIN ALLAN S.10% ownerSale2,000$2.22$4.4KForm 4
Jul 10, 2025MARTIN ALLAN S.10% ownerSale1,000$2.07$2.1KForm 4
Jul 9, 2025MARTIN ALLAN S.10% ownerSale1,000$2.08$2.1KForm 4
Jul 7, 2025MARTIN ALLAN S.10% ownerSale1,000$1.94$1.9KForm 4
Jul 3, 2025MARTIN ALLAN S.10% ownerSale4,000$2.08$8.3KForm 4
May 27, 2025Madhu SanjayCEO, PresidentBuy22,500$1.86$41.9KForm 4
May 15, 2025Madhu SanjayCEO, PresidentBuy25,000$2.10$52.5KForm 4
Oct 17, 2024MARTIN ALLAN S.10% ownerSale7,574$3.00$22.7KForm 4
Aug 7, 2024MARTIN ALLAN S.10% ownerSale20,511$3.08$63.2KForm 4
Aug 5, 2024MARTIN ALLAN S.10% ownerSale5,019$3.03$15.2KForm 4
Jul 30, 2024MARTIN ALLAN S.10% ownerSale8,040$3.06$24.6KForm 4
Jul 29, 2024MARTIN ALLAN S.10% ownerSale6,182$3.08$19.1KForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jay Madhu59$331.9K$502.4K45
2025Wrendon Timothy45$225.7K$334.2K45
2024President and Chief Executive Officer$312.5K$657.4K45
2024Chief Financial Officer and Corporate Secretary$212.5K$446.4K45

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $3.0M in all. Private raises (Form D) $3.0M.$0$1M$2M$3M$4M2025 · Private raises (Form D): $3.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$3.0M$3.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Feb 24, 2025Raised $3 million in a private offering of equity24 Form D: 1 investor so far Form D

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 18, 2022Virginia FoxxRepublican, HouseSale$1,001 - $15,000+177.9%Report
Feb 16, 2022Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−157.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How OXBRIDGE RE HOLDINGS Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROXBRIDGE RE HOLDINGS Ltd1
  • CIK0001584831
  • Employer ID (EIN)98-11502544
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressSuite 201, 42 Edward Street, P.O. Box 469, Georgetown, E9 KY1-90061
  • Phone345-749-75701
  • Shares outstanding8,138,577 as of Aug 13, 202612
  • Public float$11.6M as of Jun 30, 20254
  • AuditorHACKER, JOHNSON & SMITH PA, Tampa, Florida PCAOB ID 400; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceAug 23, 20131
  • Filings401 in all: 8-K (110), 4 (80), 424B3 (42), 10-Q (38), DEF 14A (14), 10-K (12), 3 (11), UPLOAD (9)1
    All 42 form types

    CORRESP (7), 4/A (6), EFFECT (6), 424B5 (5), SC 13D/A (5), SC 13G/A (5), ARS (4), DEFR14A (4), S-3 (4), SC 13D (4), DEFA14A (3), SCHEDULE 13D/A (3), 10-K/A (2), 5 (2), 5/A (2), 8-K/A (2), D (2), PRE 14A (2), S-3/A (2), 25 (1), 3/A (1), 8-A12B (1), CERTNAS (1), DRS (1), F-N (1), FWP (1), NT 10-K (1), POS AM (1), S-1 (1), S-1/A (1), S-1MEF (1), SC 13G (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.001 (USD) per shareOXBRNASDAQ
WarrantsOXBRWNASDAQ

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks OXBRIDGE RE HOLDINGS Ltd names in Item 1A of its 10-K filed Mar 30, 2026: 44 risks under these headings, as written.4

  • Risks Relating to Our Business
  • We will need additional capital in the future in order to grow and operate our business. Such capital may not be available to us or may not be available to us on favorable terms. Furthermore, our raising additional capital could dilute your ownership interest in our company.
  • Our results of operations will fluctuate from period to period and may not be indicative of our long-term prospects.
  • Our tokenization business operations are at an early stage of development and have a limited operating history, and our strategy of developing a Web3-focused RWA tokenization business may not be successful.
  • Developing a Web3.0-focused business around the tokenization of RWAs involves significant risks.
  • Failure to become rated by A.M. Best, or receipt of a negative rating, could significantly and negatively affect our ability to grow.
  • Established competitors with greater resources may make it difficult for us to effectively market our products or offer our products at a profit.
  • If actual renewals of our existing contracts do not meet expectations, our premiums assumed in future years and our future results of operations could be materially adversely affected.
  • Reputation is an important factor in the reinsurance industry, and our lack of an established reputation may make it difficult for us to attract or retain business.
  • If our losses and loss adjustment expenses greatly exceed our loss reserves, our financial condition may be significantly and negatively affected.
  • The property and casualty reinsurance market may be affected by cyclical trends and over-supply.
  • Our property and property catastrophe reinsurance operations will make us vulnerable to losses from catastrophes and may cause our results of operations to vary significantly from period to period.
The other 33 risks
  • We could face unanticipated losses from war, terrorism, and political unrest, and these or other unanticipated losses could have a material adverse effect on our financial condition and results of operations.
  • We depend on our clients’ evaluations of the risks associated with their insurance underwriting, which may subject us to reinsurance losses.
  • Changing climate conditions may adversely affect our financial condition, profitability or cash flows.
  • Operational risks, including human or systems failures, are inherent in our business.
  • The effect of emerging claim and coverage issues on our business is uncertain.
  • We are required to maintain sufficient collateral accounts, which could significantly and negatively affect our ability to implement our business strategy.
  • The inability to obtain business provided from brokers could adversely affect our business strategy and results of operations.
  • The involvement of reinsurance brokers may subject us to their credit risk.
  • U.S. and global economic downturns could harm our business, our liquidity and financial condition and the price of our securities.
  • Our ability to implement our business strategy could be delayed or adversely affected by Cayman Islands employment restrictions.
  • Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
  • If we lose or are unable to retain our senior management and other key personnel and are unable to attract qualified personnel, our ability to implement our business strategy could be delayed or hindered, which, in turn, could significantly and negatively affect our business.
  • There are differences under Cayman Islands corporate law and Delaware corporate law with respect to interested party transactions which may benefit certain of our shareholders at the expense of other shareholders.
  • Risks Relating to Insurance and Other Regulations
  • Any suspension or revocation of our reinsurance licenses would materially impact our ability to do business and implement our business strategy.
  • Our reinsurance subsidiaries are subject to minimum capital and surplus requirements, and our failure to meet these requirements could subject us to regulatory action.
  • As a holding company, we will depend on the ability of our subsidiaries to pay dividends.
  • We are subject to the risk of possibly becoming an investment company under U.S. federal securities law.
  • Insurance regulations to which we are, or may become, subject, and potential changes thereto, could have a significant and negative effect on our business.
  • Risks Relating to our Securities
  • Provisions of our Fourth Amended and Restated Memorandum and Articles of Association (“Articles”) could adversely affect the value of our securities.
  • Provisions of the Companies Law of the Cayman Islands could prevent a merger or takeover of our company.
  • Holders of our securities may have difficulty obtaining or enforcing a judgment against us, and they may face difficulties in protecting their interests because we are incorporated under Cayman Islands law.
  • Provisions of our Articles may reallocate the voting power of our ordinary shares.
  • We do not currently have an effective registration statement registering the issuance of the shares underlying our publicly traded warrants, and therefore you may not be able to exercise the warrants in a cash exercise.
  • Risks Relating to Taxation
  • We may become subject to taxation in the Cayman Islands which would negatively affect our results.
  • We may be subject to United States federal income taxation.
  • We may be treated as a PFIC, in which case a U.S. holder of our ordinary shares should be subject to disadvantageous rules under U.S. federal income tax laws.
  • We may be treated as a CFC and may be subject to the rules for related person insurance income, and in either case this may subject a U.S. holder of our ordinary shares to disadvantageous rules under U.S. federal income tax laws.
  • United States tax-exempt organizations who own ordinary shares may recognize unrelated business taxable income.
  • Changes in United States tax laws may be retroactive and could subject us, and/or United States persons who own ordinary shares to United States income taxation on our undistributed earnings.
  • We do not intend to resume paying cash dividends in the foreseeable future.
  • Outages, computer viruses and similar events could disrupt our operations.
  • Increased Information Technology (“IT”) security threats and more sophisticated computer crime could pose a risk to our systems, networks, and services.
  • Increased scrutiny by and changing expectations from investors, employees, and other stakeholders regarding our environmental, social, and governance (“ESG”) practices and reporting could cause us to incur additional costs and adversely impact our reputation, tenant and employee acquisition and retention, and access to capital.

Legal proceedings

We are not currently involved in any litigation or arbitration. We anticipate that, similar to the rest of the insurance and reinsurance industry, we will be subject to litigation and arbitration in the ordinary course of business.

The opening of Item 3, Legal Proceedings.4

Sources

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