STOCK TITAN
  1. Home
  2. Financials
  3. ARX

Accelerant Holdings Financials

ARX
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Accelerant Holdings (ARX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ARX FY2025

Balance-sheet swings, not simple sales growth, dominated FY2025, leaving reported earnings far more volatile than cash generation.

From FY2024 to FY2025, revenue rose 51.5% while selling/admin costs grew more slowly, yet net income still fell to -$1.35B. Operating cash flow still stayed positive at $445.1M, and cash climbed to $1.72B, so the year's damage was not primarily a cash operating collapse but a balance-sheet-driven accounting hit.

The balance sheet is obligation-heavy but not debt-heavy: FY2025 liabilities were $7.54B against equity of $698M. But long-term debt was only $121.3M, so the leverage comes mainly from non-debt liabilities rather than borrowed money; that makes this a very different balance-sheet risk from a company simply piling on loans.

Cash kept building despite the loss, rising from $1.23B in FY2024 to $1.72B in FY2025, which eases near-term funding pressure. At the same time, selling/admin expense ran about 43.9% of revenue in FY2025 versus 53.1% in FY2023, suggesting visible overhead scaled better with growth and the earnings shock came from elsewhere.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Accelerant Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
100

Accelerant Holdings's revenue surged 51.5% year-over-year to $912.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
98

Accelerant Holdings carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Returns
0

Accelerant Holdings generates a -192.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 7.5% the prior year.

Piotroski F-Score Neutral
4/9

Accelerant Holdings passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-0.33x

For every $1 of reported earnings, Accelerant Holdings generates $-0.33 in operating cash flow ($445.1M OCF vs -$1.3B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$912.9M
YoY+51.5%

Accelerant Holdings generated $912.9M in revenue in fiscal year 2025. This represents an increase of 51.5% from the prior year.

EBITDA
N/A
Net Income
-$1.3B
YoY-5974.2%

Accelerant Holdings reported -$1.3B in net income in fiscal year 2025. This represents a decrease of 5974.2% from the prior year.

EPS (Diluted)
$-7.49
YoY-5450.0%

Accelerant Holdings earned $-7.49 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5450.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.7B
YoY+40.0%

Accelerant Holdings held $1.7B in cash against $121.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-147.3%
YoY-151.2pp

Accelerant Holdings's net profit margin was -147.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 151.2 percentage points from the prior year.

Return on Equity
-192.8%
YoY-200.3pp

Accelerant Holdings's ROE was -192.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 200.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

ARX Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $273.3M+10.0% $248.4M-7.1% $267.4M+22.0% $219.1M+23.1% $178.0M N/A $153.7M+18.1% $130.1M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $123.8M+0.5% $123.2M+6.4% $115.8M+34.5% $86.1M+14.3% $75.3M N/A $67.3M+16.4% $57.8M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $2.5M-21.9% $3.2M+23.1% $2.6M+4.0% $2.5M-3.8% $2.6M N/A $3.1M+3.3% $3.0M
Income Tax $6.1M+296.8% -$3.1M-132.6% $9.5M+3.3% $9.2M+19.5% $7.7M N/A -$8.1M-265.3% $4.9M
Net Income -$4.1M-158.6% $7.0M+100.5% -$1.4B-15654.5% $8.8M+12.8% $7.8M N/A $8.1M+190.0% -$9.0M
EPS (Diluted) $-0.02 N/A $-6.99-17575.0% $0.04+33.3% $0.03 N/A $0.04+180.0% $-0.05

ARX Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $8.6B+4.1% $8.3B+5.1% $7.9B+4.8% $7.5B N/A $6.1B N/A N/A
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $1.5B-15.4% $1.7B+7.0% $1.6B+15.6% $1.4B+12.1% $1.2B+1.0% $1.2B+15.1% $1.1B+22.3% $870.9M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A $63.1M N/A N/A N/A $30.9M N/A N/A
Total Liabilities $7.9B+4.6% $7.5B+5.3% $7.2B+2.0% $7.0B N/A $5.7B N/A N/A
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $120.7M-0.5% $121.3M-0.5% $121.9M-3.8% $126.7M N/A $121.4M N/A N/A
Total Equity $692.6M-0.7% $697.7M+3.2% $676.1M+95.3% $346.2M-23.8% $454.4M+49.3% $304.3M+3.7% $293.4M+3.8% $282.7M
Retained Earnings -$1.5B-0.3% -$1.5B0.0% -$1.5B-817.2% -$167.5M N/A -$182.8M N/A N/A

ARX Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$21.4M-134.6% $61.9M-16.2% $73.9M-66.0% $217.5M+136.9% $91.8M-62.0% $241.8M-12.5% $276.4M N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$211.6M-427.0% $64.7M+216.6% -$55.5M+40.4% -$93.1M-3.8% -$89.7M+39.8% -$148.9M-118.3% -$68.2M N/A
Financing Cash Flow -$19.2M-418.9% -$3.7M-101.8% $208.6M+6418.8% $3.2M+239.1% -$2.3M-102.0% $113.7M+28525.0% -$400K N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $12.2M N/A N/A N/A $0 N/A N/A N/A

ARX Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin -1.5%-4.3pp 2.8%+514.7pp -511.9%-515.9pp 4.0%-0.4pp 4.4% N/A 5.3%+12.2pp -6.9%
Return on Equity -0.6%-1.6pp 1.0%+203.5pp -202.5%-205.0pp 2.5%+0.8pp 1.7% N/A 2.8%+5.9pp -3.2%
Return on Assets -0.1%-0.1pp 0.1%+17.5pp -17.4%-17.5pp 0.1% N/A N/A N/A N/A
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.170.0 0.170.0 0.18-0.2 0.37 N/A 0.40 N/A N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Similar Companies

Corvel Corp CRVL
$3.2B
Goosehead Insura GSHD
$986.6M
The Baldwin Group BWIN
$1.9B
Erie Indty Co ERIE
$11.7B
Willis Towers WTW
$24.3B

Frequently Asked Questions

Accelerant Holdings (ARX) reported $912.9M in total revenue for fiscal year 2025. This represents a 51.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Accelerant Holdings (ARX) revenue grew by 51.5% year-over-year, from $602.6M to $912.9M in fiscal year 2025.

No, Accelerant Holdings (ARX) reported a net income of -$1.3B in fiscal year 2025, with a net profit margin of -147.3%.

Accelerant Holdings (ARX) reported diluted earnings per share of $-7.49 for fiscal year 2025. This represents a -5450.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Accelerant Holdings (ARX) had $1.7B in cash and equivalents against $121.3M in long-term debt.

Accelerant Holdings (ARX) had a net profit margin of -147.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Accelerant Holdings (ARX) has a return on equity of -192.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Accelerant Holdings (ARX) generated $445.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Accelerant Holdings (ARX) had $8.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Accelerant Holdings (ARX) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Accelerant Holdings (ARX) had a return on assets of -16.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Accelerant Holdings (ARX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Accelerant Holdings (ARX) has an earnings quality ratio of -0.33x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Accelerant Holdings (ARX) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

Back to top