Quarterly ResultJul 27, 2026, 04:22 PM
Neptune Insurance Q2 Revenue +32.8% to $55.87M; EPS $0.11; $31.9M Buyback
AI Summary
Neptune Insurance Holdings Inc. reported a strong second quarter with commissions and fees increasing by 32.8% to $55.87 million and net income available to common stockholders turning positive at $15.80 million, or $0.11 per share, compared to a loss in the prior year. The company also executed significant share repurchases, totaling $31.9 million for 1.22 million shares, under both a new $100 million program and a concurrent secondary offering. Net cash provided by operating activities for the first six months of 2026 rose 89% to $43.40 million. Total assets grew 56.5% to $102.21 million as of June 30, 2026.
Key Highlights
- Commissions and fees increased 32.8% to $55.87 million for Q2 2026.
- Net income available to common stockholders was $15.80 million ($0.11 EPS) for Q2 2026.
- Repurchased 1.22 million Class A common shares for $31.9 million in Q2 2026.
- Board approved a $100.0 million share repurchase program on April 21, 2026.
- Net cash provided by operating activities rose 89% to $43.40 million for H1 2026.
- Total assets increased 56.5% to $102.21 million as of June 30, 2026.
- Revolving credit facility balance remained at $240.0 million as of June 30, 2026.
Price Impact
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