Neptune Insurance Holdings Inc. Q3 FY26 Results

Summary

Neptune Insurance Holdings Inc. reported record-breaking results for the third quarter of 2026, with revenue reaching $59.6 million, a 34% increase year-over-year. Net income surged by 50% to $17.3 million, and Adjusted EBITDA grew 38% to $36.8 million, maintaining a strong 61.7% margin. The company also saw substantial growth in written premium, up 31% to $132.7 million. Based on this performance, Neptune is raising its full-year 2026 revenue guidance to $204 million and expects an Adjusted EBITDA margin above 61%.

Key Highlights

1. 1

   Neptune Insurance Holdings Inc. achieved a record revenue of $59.6 million in the third quarter of 2026, representing a growth of 34% year-over-year.

2. 2

   Net income increased by 50% to a record $17.3 million in Q3 2026, demonstrating strong profitability.

3. 3

   The company reported a net income margin of 29% for the third quarter of 2026.

4. 4

   Adjusted EBITDA grew by 38% to a record $36.8 million in Q3 2026, with the Adjusted EBITDA margin remaining strong at 62%.

5. 5

   Written premium saw a significant increase of 31% to a record $132.7 million in the third quarter of 2026.

6. 6

   The company is raising its full-year 2026 revenue expectations to $204 million with an Adjusted EBITDA margin exceeding 61%.