Fundies.
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Neptune Insurance Holdings Inc.

EDGAR
NP Quarterly report (10-Q) · filed 2026-10-22

Annual consolidated revenue for 2025: about USD 159.6M, using the latest reported figures. The previous period, 2024, was about USD 119.3M.

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Latest quarter

Revenue

59.6 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

46.95%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 27965000 USD Source
  • Revenue: 59567000 USD Source

Operating cash flow

25.9 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 69287000 USD Source
  • Operating Cash Flow: 43404000 USD Source
Cash and cash equivalents
17.4 million USD Source
Exact value

17429000 USD

Long-term debt including current maturities
248 million uref_647627081 Source
Exact value

247589000 uref_647627081

Shares outstanding
96.2 million uref_1840157958 Source
Exact value

96185000 uref_1840157958

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-22.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 1 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +33.7%

    Prior period

    USD 119.3 million

    –

    Current period

    USD 159.55 million

    –

    Exact inputs and evidence

    159551000 − 119299000 = 40252000 USD

    119299000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    159551000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +8.2%

    Prior period

    USD 34.59 million

    –

    Current period

    USD 37.41 million

    –

    Exact inputs and evidence

    37413000 − 34592000 = 2821000 USD

    34592000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    37413000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +3.5%

    Prior period

    USD 49.93 million

    –

    Current period

    USD 51.67 million

    –

    Exact inputs and evidence

    51670000 − 49926000 = 1744000 USD

    49926000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    51670000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 159.55 million 100% of revenue
  • Operating costs Derived USD 88.6 million 56% of revenue
  • Operating income USD 70.96 million 44% of revenue
  • Tax, interest and other Derived USD 33.54 million 21% of revenue
  • Net income USD 37.41 million 23% of revenue

Cash

  • Operating cash flow USD 51.67 million 32% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 21%32%46%
  • 2024 29%28%43%
  • 2025 23%21%56%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-3184870000 39439000 Derived 45431000 27545000 Derived 17886000 Unavailable
Source
2024 2024-01-01 – 2024-12-31119299000 50853000 Derived 68446000 33854000 Derived 34592000 Unavailable
Source
2025 2025-01-01 – 2025-12-31159551000 88596000 Derived 70955000 33542000 Derived 37413000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 159.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.172.3M129.2M86.2M43.1M0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Revenue84870000
2024Revenue119299000
2025Revenue159551000

Revenue growth

Change in revenue from the same financial period one year earlier.

33.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.44%33%22%11%0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year40.6%
2025Year over year33.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 44.5% 2025
Net margin 23.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.62%46%31%15%0%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin53.5%
2024Operating margin57.4%
2025Operating margin44.5%
2023Net margin21.1%
2024Net margin29%
2025Net margin23.4%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 51.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55.8M41.9M27.9M14.0M0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Operating cash flow18647000
2024Operating cash flow49926000
2025Operating cash flow51670000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

448.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.484%363%242%121%0%2023-12-3120242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets360.7%
2025Liabilities / assets448.4%

Current assets to current liabilities

Current assets divided by current liabilities.

0.99× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.07×0.80×0.54×0.27×0.00×2023-12-3120242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities0.73×
2025Current assets / current liabilities0.99×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
USD 17.89 million
Exact value

Exact value: 17886000 USD

2023-01-01 – 2023-12-31: 17886000 USD Inspect Net Income Open source
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USD 18.65 million
Exact value

Exact value: 18647000 USD

2023-01-01 – 2023-12-31: 18647000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 34.59 million
Exact value

Exact value: 34592000 USD

2024-01-01 – 2024-12-31: 34592000 USD Inspect Net Income Open source
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USD 49.93 million
Exact value

Exact value: 49926000 USD

2024-01-01 – 2024-12-31: 49926000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 37.41 million
Exact value

Exact value: 37413000 USD

2025-01-01 – 2025-12-31: 37413000 USD Inspect Net Income Open source
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USD 51.67 million
Exact value

Exact value: 51670000 USD

2025-01-01 – 2025-12-31: 51670000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

9 filings · 587 latest values · 587 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0002067129, 2067129, NP, edgar:2067129

Also known as NEPTUNE INSURANCE HOLDINGS INC., Neptune Insurance Holdings Inc., Neptune Insurance Holdings, Inc.