| Metric | Value ($ M) |
|---|---|
| Revenue | 37.80 |
| Total Income | 37.80 |
| Expenditure | 24.35 |
| PBT | 10.08 |
| Net Profit | 7.35 |
| OPM | 35.56% |
| NPM | 19.44% |
| EPS | 0.05 |
Neptune Insurance Reports Q1 2026 Revenue Growth of 29% to $37.8M
23 Apr 2026 · 23 Apr, 1:47 am
Summary
Neptune Insurance Holdings Inc. announced its financial results for the first quarter of 2026, highlighting a 29% increase in revenue to $37.8 million. Net income saw a decrease of 26% to $7.3 million, translating to a 19% margin. Adjusted EBITDA grew by 26% to $21.6 million, with a margin of 57%. The company's Board of Directors approved a stock repurchase program authorizing the repurchase of up to $100 million of the Company's outstanding Class A common stock.
Key Highlights
- 1
Neptune Insurance Holdings Inc. reported revenue growth of 29% to $37.8 million for the first quarter of 2026.
- 2
Net income decreased by 26% to $7.3 million, resulting in a 19% margin for Q1 2026.
- 3
Adjusted net income grew by 21% to $13.4 million in the first quarter.
- 4
Adjusted EBITDA increased by 26% to $21.6 million, representing a 57% margin for Q1 2026.
- 5
Written premium grew by 26% to $86.7 million during the first quarter of 2026.
- 6
The company achieved record new business sales in Q1 2026.
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