Neptune Insurance Holdings (NP) 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 Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NP SEC filings page.
Neptune Insurance Holdings Inc. (NP) reported $197.0M in revenue over the twelve months to Sep 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 nearly doubled, but FY2025 growth translated weakly into operating profit and left a negative-equity balance sheet.
Operating cash flow reached$51.7M , or138.1% of net income, even as net profit margin fell to23.4% from29.0% in FY2024. That combination indicates accounting earnings continued converting into cash, while the business became less profitable on each revenue dollar.
FY2025 revenue grew
Liabilities were
Financial Health Signals
Neptune Insurance Holdings Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Neptune Insurance Holdings Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Neptune Insurance Holdings Inc. earns $3.89 in operating income for every $1 of interest expense ($71.0M vs $18.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Neptune Insurance Holdings Inc. generated $59.6M in revenue in Q3 2026. This represents an increase of 34.3% from the same quarter a year earlier. Against the prior quarter it is up 6.6%.
Neptune Insurance Holdings Inc. reported $17.3M in net income in Q3 2026. This represents an increase of 49.9% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.
Neptune Insurance Holdings Inc. earned $0.12 per diluted share (EPS) in Q3 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 9.1%.
Not reported for Q3 2026.
Cash & Balance Sheet
Neptune Insurance Holdings Inc. held $17.4M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Neptune Insurance Holdings Inc.'s operating margin was 46.9% in Q3 2026, reflecting core business profitability. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Neptune Insurance Holdings Inc.'s net profit margin was 29.0% in Q3 2026, showing the share of revenue converted to profit. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Neptune Insurance Holdings Inc. spent $4K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Not reported for Q3 2026.
Not reported for Q3 2026.
NP 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.6M+34.3% | $55.9M+32.8% | $37.8M+28.8% | $43.8M | $44.4M+31.2% | $42.1M | $29.4M | N/A |
| SG&A Expenses | $4.1M-42.9% | $3.4M-40.2% | $3.6M+42.8% | -$5.2M | $7.1M+267.9% | $5.6M | $2.5M | N/A |
| Operating Income | $28.0M+35.1% | $26.6M+24.7% | $13.4M-14.0% | $13.3M | $20.7M+4.5% | $21.3M | $15.6M | N/A |
| EBITDA | N/A | N/A | N/A | N/A | $21.6M+5.1% | N/A | N/A | N/A |
| Interest Expense | $3.6M-35.1% | $3.6M-38.2% | $3.5M+47.1% | $4.5M | $5.5M+46.3% | $5.9M | $2.4M | N/A |
| Income Tax | $7.5M+88.7% | $7.4M+82.5% | $2.7M-21.1% | $4.8M | $4.0M-5.9% | $4.0M | $3.5M | N/A |
| Net Income | $17.3M+49.9% | $15.8M+35.9% | $7.3M-26.1% | $4.3M | $11.5M-4.8% | $11.6M+85.2% | $9.9M+115.4% | N/A |
| EPS (Basic) | $0.13+116.7% | $0.11n/m | $0.050.0% | $0.08+33.3% | $0.060.0% | -$0.49 | $0.05 | $0.06 |
| EPS (Diluted) | $0.12+100.0% | $0.11n/m | $0.050.0% | $0.08+33.3% | $0.060.0% | -$0.49 | $0.05 | $0.06 |
| Diluted Shares (Avg) | 146M+50.5% | 146M+56.6% | 146M+56.1% | N/A | 97M+4.2% | 93M | 93M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NP 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $103.9M+16.0% | $102.2M | $85.3M | $65.3M+35.6% | $89.6M | N/A | N/A | $48.2M |
| Current Assets | $91.2M+19.5% | $89.0M | $72.5M | $52.5M+48.9% | $76.3M | N/A | N/A | $35.2M |
| Cash & Equivalents | $17.4M+43.0% | $17.6M+50.1% | $10.5M-36.1% | $8.0M+13.3% | $12.2M-71.8% | $11.7M | $16.5M | $7.1M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 |
| Goodwill | $3.8M0.0% | $3.8M | $3.8M | $3.8M0.0% | $3.8M | N/A | N/A | $3.8M |
| Total Liabilities | $315.5M-47.3% | $324.5M | $298.7M | $292.8M-29.3% | $599.2M | N/A | N/A | $414.1M |
| Current Liabilities | $100.5M+18.1% | $84.5M | $71.7M | $52.8M+8.7% | $85.1M | N/A | N/A | $48.6M |
| Non-Current Liabilities | $215.0M-58.2% | $240.0M | $227.0M | $240.0M-34.3% | $514.0M | N/A | N/A | $365.6M |
| Long-Term Debt | N/A | N/A | N/A | $0-100.0% | $247.6M | N/A | N/A | $125.1M |
| Total Equity | -$211.6Mn/m | -$222.2Mn/m | -$213.4Mn/m | -$227.5Mn/m | -$509.5Mn/m | -$526.1Mn/m | -$359.3Mn/m | -$366.0M |
| Retained Earnings | -$473.9Mn/m | -$491.2M | -$507.0M | -$514.4Mn/m | -$518.7M | N/A | N/A | -$366.3M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
NP 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.9M+62.2% | $26.7M+208.9% | $16.7M+16.6% | $12.8M-13.0% | $16.0M | $8.6M | $14.3M | $14.7M |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | $948K+21.2% | N/A | N/A | N/A |
| Stock-Based Compensation | N/A | N/A | $6.9M+8086.9% | N/A | $112K+49.3% | N/A | $84K | N/A |
| Investing Cash Flow | -$1.1Mn/m | -$1.1Mn/m | -$1.1Mn/m | -$1.0Mn/m | -$1.0M | -$974K | -$910K | -$1.1M |
| Financing Cash Flow | -$23.9Mn/m | -$9.0Mn/m | $4.3M-62.1% | -$30.2Mn/m | -$14.3M | -$1.9M | $11.2M | -$28.6M |
| Dividends Paid | $0n/m | N/A | N/A | $0 | $0 | N/A | N/A | N/A |
| Share Buybacks | $4Kn/m | N/A | N/A | $0 | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
NP 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 46.9%+0.3pp | 47.5%-3.1pp | 35.6%-17.7pp | 30.5% | 46.7%-11.9pp | 50.6% | 53.2% | N/A |
| Net Margin | 29.0%+3.0pp | 28.3%+0.7pp | 19.4%-14.4pp | 9.9% | 25.9%-9.8pp | 27.6% | 33.9% | N/A |
| Return on Assets | 16.6%+3.8pp | 15.4% | 8.6% | 6.7% | 12.8% | N/A | N/A | N/A |
| Current Ratio | 0.910.0x | 1.05 | 1.01 | 0.99+0.3x | 0.90 | N/A | N/A | 0.73 |
| Asset Turnover | 0.57+0.1x | 0.55 | 0.44 | 0.67 | 0.49 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$227.5M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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 |
|---|---|---|---|---|---|---|
| Neptune Insurance Holdings Inc. NP | FY2025 | $159.6M | $37.4M | 23.4% | $4.1B | — |
| Magnera Corporation MAGN | FY2025 | $3.2B | -$159.0M | -5.0% | $420.8M | 41/100 |
| Clearwater Paper Corporation CLW | FY2025 | $1.6B | -$18.6M | -1.2% | $212.3M | 36/100 |
| Sylvamo Corporation SLVM | FY2025 | $3.4B | $132.0M | 3.9% | $1.3B | 48/100 |
Where Neptune Insurance Holdings Inc. Ranks
Frequently Asked Questions
What is Neptune Insurance Holdings Inc.'s annual revenue?
Neptune Insurance Holdings Inc. (NP) reported $159.6M in total revenue for fiscal year 2025. This represents a 33.7% 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 Neptune Insurance Holdings Inc.'s revenue growing?
Neptune Insurance Holdings Inc. (NP) revenue grew by 33.7% year-over-year, from $119.3M to $159.6M in fiscal year 2025.
Is Neptune Insurance Holdings Inc. profitable?
Yes, Neptune Insurance Holdings Inc. (NP) reported a net income of $44.7M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $37.4M, with a net profit margin of 23.4%.
How much debt does Neptune Insurance Holdings Inc. have?
As of fiscal year 2025, Neptune Insurance Holdings Inc. (NP) had $8.0M in cash and equivalents against $0 in long-term debt.
What is Neptune Insurance Holdings Inc.'s operating margin?
Neptune Insurance Holdings Inc. (NP) had an operating margin of 44.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Neptune Insurance Holdings Inc.'s net profit margin?
Neptune Insurance Holdings Inc. (NP) had a net profit margin of 23.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Neptune Insurance Holdings Inc.'s operating cash flow?
Neptune Insurance Holdings Inc. (NP) generated $51.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Neptune Insurance Holdings Inc.'s total assets?
Neptune Insurance Holdings Inc. (NP) had $65.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Neptune Insurance Holdings Inc.'s current ratio?
Neptune Insurance Holdings Inc. (NP) had a current ratio of 0.99 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Neptune Insurance Holdings Inc.'s return on assets (ROA)?
Neptune Insurance Holdings Inc. (NP) had a return on assets of 57.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Neptune Insurance Holdings Inc.'s P/E ratio?
Neptune Insurance Holdings Inc. (NP) trades at 91.0x earnings, its market capitalization divided by $44.7M net income, trailing 12 months to September 30, 2026. The market capitalization is $4.1B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Neptune Insurance Holdings Inc.'s price-to-sales ratio?
Neptune Insurance Holdings Inc. (NP) trades at 20.7x sales, its market capitalization divided by $197.0M revenue, trailing 12 months to September 30, 2026. The market capitalization is $4.1B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Neptune Insurance Holdings Inc.'s debt-to-equity ratio negative or not reported?
Neptune Insurance Holdings Inc. (NP) has negative shareholder equity of -$227.5M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Neptune Insurance Holdings Inc.'s Piotroski F-Score?
Neptune Insurance Holdings Inc. (NP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 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.
Can Neptune Insurance Holdings Inc. cover its interest payments?
Neptune Insurance Holdings Inc. (NP) has an interest coverage ratio of 3.89x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.