Accelerant Holdings (ARX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ARX SEC filings page.
Accelerant Holdings (ARX) reported $1.1B in revenue over the twelve months to Jun 30, 2026. This page shows its 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).
Revenue expansion is paired with liability-heavy financing and a 2025 accounting loss that did not translate into negative operating cash flow.
In FY2025, the company reported a-$1.35B net loss while producing$445M of operating cash flow, indicating a major accounting-to-cash disconnect rather than a simple cash-generation failure. That disconnect was already visible in FY2024, when$23M of net income accompanied$786M of operating cash flow, so reported earnings and cash generation have not tracked consistently.
Revenue reached
The balance sheet is more liability-funded than the debt-to-equity ratio implies: FY2025 liabilities were
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Accelerant Holdings scores 25/100 on it among other insurers.
Accelerant Holdings reported revenue of $912.9M in fiscal year 2025, against $602.6M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Accelerant Holdings scores 90/100 among other insurers.
Accelerant Holdings funded 8.4% of its assets with shareholders' equity at the end of fiscal year 2025, holding $697.7M of equity against $8.3B of assets. Capital ranks insurers on that cushion, and Accelerant Holdings scores 16/100 among other insurers.
Not available for Accelerant Holdings, and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Accelerant Holdings scores 3/100 on it among other insurers.
Accelerant Holdings reported a net loss of $1.3B in fiscal year 2025, against $22.9M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Accelerant Holdings scores 26/100 among other insurers.
Accelerant Holdings passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
Accelerant Holdings reported a net loss of $1.3B while generating $445.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Accelerant Holdings generated $356.9M in revenue in Q2 2026. This represents an increase of 62.9% from the same quarter a year earlier. Against the prior quarter it is up 30.6%.
Accelerant Holdings reported $80.0M in net income in Q2 2026. This represents an increase of 809.1% from the same quarter a year earlier. Against the prior quarter it is up 2051.2%.
Accelerant Holdings earned $0.36 per diluted share (EPS) in Q2 2026. This represents an increase of 800.0% from the same quarter a year earlier. Against the prior quarter it is up 1900.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Accelerant Holdings held $1.6B in cash against $120.1M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Accelerant Holdings's net profit margin was 22.4% in Q2 2026, showing the share of revenue converted to profit. This is up 18.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.9 percentage points.
Accelerant Holdings's ROE was 11.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.7 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Accelerant Holdings spent $70.4M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 477.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ARX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $356.9M+62.9% | $273.3M+53.5% | $248.4M | $267.4M+74.0% | $219.1M+68.4% | $178.0M | N/A | $153.7M |
| SG&A Expenses | $129.5M+45.3% | $123.8M+64.4% | $120.2M | $115.8M+72.1% | $89.1M+54.2% | $75.3M | N/A | $67.3M |
| Interest Expense | $2.4M-4.0% | $2.5M-3.8% | $3.2M | $2.6M-16.1% | $2.5M-16.7% | $2.6M | N/A | $3.1M |
| Income Tax | $7.4M-19.6% | $6.1M-20.8% | -$3.1M | $9.5M+217.3% | $9.2M+87.8% | $7.7M | N/A | -$8.1M |
| Net Income | $80.0M+809.1% | -$4.1M-152.6% | $7.0M | -$1.4B-16998.8% | $8.8M+197.8% | $7.8M | N/A | $8.1M |
| EPS (Basic) | $0.36+620.0% | -$0.02-150.0% | $0.44+266.7% | -$6.99-14080.0% | $0.05+200.0% | $0.04 | $0.12 | $0.05 |
| EPS (Diluted) | $0.36+800.0% | -$0.02-166.7% | $0.44+300.0% | -$6.99-17575.0% | $0.04+180.0% | $0.03 | $0.11 | $0.04 |
| Diluted Shares (Avg) | 220M+6.7% | 222M+8.1% | N/A | 206M+3.2% | 206M+24.1% | 205M | N/A | 200M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
ARX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.9B+19.3% | $8.6B | $8.3B+35.6% | $7.9B | $7.5B | N/A | $6.1B | N/A |
| Cash & Equivalents | $1.6B+13.3% | $1.5B+17.3% | $1.7B+40.0% | $1.6B+50.6% | $1.4B+59.3% | $1.2B | $1.2B | $1.1B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $63.1M+104.2% | N/A | N/A | N/A | $30.9M | N/A |
| Total Liabilities | $8.2B+16.9% | $7.9B | $7.5B+33.0% | $7.2B | $7.0B | N/A | $5.7B | N/A |
| Long-Term Debt | $120.1M-5.2% | $120.7M | $121.3M-0.1% | $121.9M | $126.7M | N/A | $121.4M | N/A |
| Total Equity | $717.4M+107.2% | $692.6M+52.4% | $697.7M+129.3% | $676.1M+130.4% | $346.2M+22.5% | $454.4M | $304.3M | $293.4M |
| Retained Earnings | -$1.5B-773.7% | -$1.5B | -$1.5B-740.8% | -$1.5B | -$167.5M | N/A | -$182.8M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
ARX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$68.6M-131.5% | -$21.4M-123.3% | $61.9M-74.4% | $73.9M-73.3% | $217.5M | $91.8M | $241.8M | $276.4M |
| Depreciation & Amortization | $10.4M+25.3% | $10.0M+35.1% | $9.5M-8.7% | $10.0M+72.4% | $8.3M+50.9% | $7.4M | $10.4M | $5.8M |
| Stock-Based Compensation | $25.2M+740.0% | $28.8M+1100.0% | N/A | $27.0M+980.0% | $3.0M+87.5% | $2.4M | N/A | $2.5M |
| Investing Cash Flow | $269.7M+389.7% | -$211.6M-135.9% | $64.7M+143.5% | -$55.5M+18.6% | -$93.1M | -$89.7M | -$148.9M | -$68.2M |
| Financing Cash Flow | -$78.3M-2546.9% | -$19.2M-734.8% | -$3.7M-103.3% | $208.6M+52250.0% | $3.2M | -$2.3M | $113.7M | -$400K |
| Share Buybacks | $70.4M | $12.2M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
ARX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 22.4%+18.4pp | -1.5%-5.9pp | 2.8% | -511.9% | 4.0%+10.9pp | 4.4% | N/A | 5.3% |
| Return on Equity | 11.2%+8.6pp | -0.6%-2.3pp | 1.0% | -202.5%-205.2pp | 2.5%+5.7pp | 1.7% | N/A | 2.8% |
| Return on Assets | 0.9%+0.8pp | -0.1% | 0.1% | -17.4% | 0.1% | N/A | N/A | N/A |
| Debt-to-Equity | 0.17-0.2x | 0.17 | 0.17-0.2x | 0.18 | 0.37 | N/A | 0.40 | N/A |
| Asset Turnover | 0.040.0x | 0.03 | 0.03 | 0.03 | 0.03 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Accelerant Holdings ARX | FY2025 | $912.9M | -$1.3B | N/A | $4.3B | 27/100 |
| Corvel Corp CRVL | FY2026 | $958.5M | $110.3M | 11.5% | $3.6B | 30/100 |
| Goosehead Insura GSHD | FY2025 | $365.3M | $27.8M | 7.6% | $1.6B | 8/100 |
| The Baldwin Group BWIN | FY2025 | $1.5B | -$54.2M | -3.6% | $3.0B | 14/100 |
| Erie Indty Co ERIE | FY2025 | $4.1B | $559.3M | 13.8% | $13.5B | 29/100 |
| Willis Towers WTW | FY2025 | $9.7B | $1.6B | 16.5% | $31.4B | 16/100 |
Where Accelerant Holdings Ranks
Frequently Asked Questions
What is Accelerant Holdings's annual revenue?
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.
How fast is Accelerant Holdings's revenue growing?
Accelerant Holdings (ARX) revenue grew by 51.5% year-over-year, from $602.6M to $912.9M in fiscal year 2025.
Is Accelerant Holdings profitable?
No, Accelerant Holdings (ARX) reported a net income of -$1.3B in fiscal year 2025.
How much debt does Accelerant Holdings have?
As of fiscal year 2025, Accelerant Holdings (ARX) had $1.7B in cash and equivalents against $121.3M in long-term debt.
What is Accelerant Holdings's return on equity (ROE)?
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.
What is Accelerant Holdings's operating cash flow?
Accelerant Holdings (ARX) generated $445.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Accelerant Holdings's total assets?
Accelerant Holdings (ARX) had $8.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Accelerant Holdings's debt-to-equity ratio?
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.
What is Accelerant Holdings's return on assets (ROA)?
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.
What is Accelerant Holdings's P/E ratio?
Accelerant Holdings (ARX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $4.3B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Accelerant Holdings's price-to-sales ratio?
Accelerant Holdings (ARX) trades at 3.7x sales, its market capitalization divided by revenue of $1.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.3B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Accelerant Holdings's Piotroski F-Score?
Accelerant Holdings (ARX) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Are Accelerant Holdings's earnings high quality?
Accelerant Holdings (ARX) reported a net loss of $1.3B while generating $445.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
How financially healthy is Accelerant Holdings?
Accelerant Holdings (ARX) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.