Neptune Insurance Holdings Inc. (NP) Form 10-Q — Oct 22, 2026
Neptune Insurance Holdings reported Q3 2026 revenue of $59.6 million, up 34.3% year over year, with net income of $17.3 million versus $11.5 million a year ago. Nine-month revenue reached $153.2 million, up 32.3%, driven by higher policy counts, premium growth, and the Palomar policy rollover. Adjusted EBITDA rose 37.5% to $36.8 million in the quarter with a 61.7% margin, while written premium grew 30.8% to $132.7 million and premium in force reached $450.3 million. The company repurchased and retired 1.2 million shares for $31.9 million during the nine months, with $94.1 million remaining under its $100 million buyback program.
Key figures
- Eps
- 0.13
- Revenue
- 59567000
- Net Income
- 17256000
- Total Debt
- 215000000
- Revenue Yoy
- 34.3%
- Total Assets
- 103924000
- Cash Position
- 77940000
- Shares Outstanding
- 94,736,798 Class A + 43,435,000 Class B
- Buyback cost 9mo
- 31869000
- Ninemoon revenue
- 153234000
- Premium in force
- 450322000
- Buyback remaining
- 94100000
- Policies in force
- 336257
- Adjusted ebitda q3
- 36760000
- Buyback authorized
- 100000000
- Capacity providers
- 45
- Q3 2025 net income
- 11511000
- Q3 2026 net income
- 17256000
- Written premium q3
- 132680000
- Interest expense q3
- 3579000
- Effective tax rate q3
- 30.2%
- Adjusted ebitda q3 yoy
- 37.5%
- Revenue retention rate
- 88.5%
- Shares repurchased 9mo
- 1219140
- Ninemoon revenue growth
- 32.3%
- Operating cash flow 9mo
- 69287000
- Policy retention rate q3
- 84.1%
- Adjusted ebitda margin q3
- 61.7%
- Premium retention rate q3
- 91.0%
AI analysis
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