Inferra AI / Company / NP
Neptune Insurance Holdings Inc.
NP · Financials
Last earnings Oct 20, 2026
Key results
Revenuequarter
$44.4 million
(“Neptune” or the “Company”) (NYSE: NP), the parent company of Neptune Flood Incorporated, today reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from the third quarter of 2024.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Growthquarter
up 31.2%
(“Neptune” or the “Company”) (NYSE: NP), the parent company of Neptune Flood Incorporated, today reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from the third quarter of 2024.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Net incomequarter
$11.5 million
The Company reported net income of $11.5 million and Adjusted EBITDA of $26.7 million.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Third Quarter 2025 Highlights Third quarter Revenue growth of 31% to $44.4 million Third quarter net income decrease of 5%, driven primarily by IPO expenses (see discussion below), with a 26% net income margin Third quarter Adjusted EBITDA* growth of 29% to $26.7 million, at a 60% margin Third quarter Adjusted Net Income* growth of 24% to $16.0 million Third quarter Written Premium* growth of 31% to $101.6 million Trailing-twelve-month Revenue per Employee* growth of 29% to $2.5 million Trailing-twelve-month Adjusted EBITDA per Employee* growth of 30% to $1.5 million * See discussion of Non-GAAP and Key Performance Indicators below.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Expanding distribution, record new business policy sales, strong renewal dynamics, and continued technology leverage helped produce 31% revenue growth, a 26% net income margin, and a 60% Adjusted EBITDA margin.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
” 1 Financial Performance Revenues increased 31.2% to $44.4 million compared to $33.8 million in the third quarter of 2024, while written premiums increased 30.7% to $101.6 million compared to $77.7 million in the third quarter of 2024.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Net income decreased 4.8% to $11.5 million compared to $12.1 million in the third quarter of 2024, while Adjusted EBITDA increased 28.6% to $26.7 million compared to $20.8 million in the third quarter of 2024.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Net income margin was 25.9% and Adjusted EBITDA margin was 60.2% for the third quarter of 2025.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
On a trailing-twelve-month basis, net income was $44.7 million and Adjusted EBITDA was $88.4 million.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
AI analysis
Q3 2025 · reported Nov 12, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $44.4 million | — | — |
| Growth | up 31.2% | — | — |
| Net income | $11.5 million | — | — |
Guidance · company-stated
Direction: initiated
No guidance located in the held release
“We are also setting initial 2027 full-year guidance of $238 million at an Adjusted EBITDA margin of 61%.”
Capital allocation
Burgess continued, “Following quarter end, we refinanced our debt into a $260 million revolving facility, which lowers our rate, removes required amortization, and provides greater flexibility to manage capital efficiently.
Capital and Liquidity Total debt was $264 million at September 30, 2025, reflecting a trailing-twelve-month Total Net Leverage Ratio (as defined in our credit agreement) of just under three times.
Company-stated claims
Historical · CAGR of 88.3% · other
“Since 2018, our premium in force has increased at a CAGR of 88.3% to $370.2 million as of December 31, 2025.”
10-K · Feb 26, 2026Event summary
ISSUED BY NEPTUNE INSURANCE HOLDINGS INC
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Burgess continued, “Following quarter end, we refinanced our debt into a $260 million revolving facility, which lowers our rate, removes required amortization, and provides greater flexibility to manage capital efficiently.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Capital and Liquidity Total debt was $264 million at September 30, 2025, reflecting a trailing-twelve-month Total Net Leverage Ratio (as defined in our credit agreement) of just under three times.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
During the third quarter, the Company utilized $30 million of cash to pay down debt.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
On November 10, 2025, Neptune refinanced its outstanding term loans into a $260 million revolving credit facility, with $251 million currently outstanding.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
3 Adjusted Net Income is a non-GAAP financial measure derived from net income (the most directly comparable GAAP measure), adjusted to exclude loss on extinguishment of debt, amortization expense, share-based compensation, corporate transaction related expenses, and other one-time expenses, and the related tax effect of those adjustments.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Corporate transaction expenses during the nine months ended September 30, 2024, were related to an administrative fee incurred in connection with the refinancing and extinguishment of our prior credit facility.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Strategy & priorities
Technology projects deployed in the third quarter include a full rewrite to upgrade the Company’s proprietary Triton® underwriting system and a new machine learning model focused on optimizing new business quote conversion.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Distribution The Company achieved record new business sales in the third quarter, with federally required purchases accounting for under 20% of new business sales, a metric we believe shows the continued expansion of the flood insurance market.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, include, among others, projections of our future financial performance, our anticipated growth and business strategies, anticipated trends in our business, capital allocation plans, technology initiatives, and other future events or development.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
These forward-looking statements include, but are not limited to, statements concerning our strategy, competition, future operations, future financial position, future revenues, projected costs, profitability, capital adequacy, expectations regarding demand and acceptance for our technologies, growth opportunities and trends in the markets in which we operate, prospects and plans and objectives of management.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
Our Distribution: Our distribution strategy is primarily focused on deep partnerships across agencies with tens of thousands of agents who benefit from the ease of use of our automated underwriting platform, seamless API integrations, instantaneous bindable quotes, and our proprietary Agent Portal.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
Risks & headwinds
These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, include, among others, projections of our future financial performance, our anticipated growth and business strategies, anticipated trends in our business, capital allocation plans, technology initiatives, and other future events or development.
SEC original ↗Neptune Insurance Holdings Inc. — Earnings release (8-K exhibit)EX-99Nov 12, 2025
Legal Proceedings 39 Item 1A.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
Forward-looking statements are based on assumptions with respect to the future and management s current expectations, involve certain risks and uncertainties and are not guarantees.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, the risks set forth in Part I, Item 1A, Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2025, and that are otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the Commission ).
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
This discussion and analysis contains forward-looking statements that are subject to risks, uncertainties, and other factors described under Risk Factors in our Annual Report on Form 10-K, as provided in Part II, Item 1A of this Quarterly Report on Form 10-Q, that could cause actual results to differ materially from such forward-looking statements.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
Any failure by our agents and brokers to consistently promote our products or the loss of any key agent or broker relationships could adversely affect our business.
SEC original ↗Neptune Insurance Holdings Inc. — 10-Q Quarterly report10-QOct 22, 2026
Earnings deck slides
0 decks with slide viewNeptune Insurance Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Neptune Insurance Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Neptune Insurance Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Neptune Insurance Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
15 documentsEarnings releases
5 documentsPresentations
4 documents
Transcripts
0 documentsNo transcripts for Neptune Insurance Holdings Inc. are held in this edition of the library.
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