Neptune Insurance Holdings Inc. (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 Sep 12, 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 Jul 27, 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 $181.8M 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).
Cash conversion accompanies revenue growth, but margin compression and negative equity remain the dominant operating mechanics.
FY2025 revenue grew33.7% , but operating profit margin fell to44.5% . Operating income increased only3.7% while operating cash flow rose3.5% , indicating that added sales produced little incremental operating profit rather than improving cost absorption.
Liabilities contracted
Operating cash flow exceeded net income by
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, neither operating efficiency signal passes.
For every $1 of reported earnings, Neptune Insurance Holdings Inc. generates $1.38 in operating cash flow ($51.7M OCF vs $37.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
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 $55.9M in revenue in Q2 2026. This represents an increase of 32.8% from the same quarter a year earlier. Against the prior quarter it is up 47.8%.
Neptune Insurance Holdings Inc. reported $15.8M in net income in Q2 2026. This represents an increase of 35.9% from the same quarter a year earlier. Against the prior quarter it is up 114.9%.
Neptune Insurance Holdings Inc. earned $0.11 per diluted share (EPS) in Q2 2026. This represents an increase of 122.4% from the same quarter a year earlier. Against the prior quarter it is up 120.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Neptune Insurance Holdings Inc. held $17.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Neptune Insurance Holdings Inc.'s operating margin was 47.5% in Q2 2026, reflecting core business profitability. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.0 percentage points.
Neptune Insurance Holdings Inc.'s net profit margin was 28.3% in Q2 2026, showing the share of revenue converted to profit. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 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 | 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 | $55.9M+32.8% | $37.8M+28.8% | $43.8M | $44.4M+31.2% | $42.1M | $29.4M | N/A | $33.8M |
| SG&A Expenses | $3.4M-40.2% | $3.6M+42.8% | -$222K | $2.1M+10.7% | $5.6M | $2.5M | N/A | $1.9M |
| Operating Income | $26.6M+24.7% | $13.4M-14.0% | $13.3M | $20.7M+4.5% | $21.3M | $15.6M | N/A | $19.8M |
| EBITDA | N/A | N/A | N/A | $21.6M+5.1% | N/A | N/A | N/A | $20.6M |
| Interest Expense | $3.6M-38.2% | $3.5M+47.1% | $4.5M | $5.5M+46.3% | $5.9M | $2.4M | N/A | $3.8M |
| Income Tax | $7.4M+82.5% | $2.7M-21.1% | $4.8M | $4.0M-5.9% | $4.0M | $3.5M | N/A | $4.2M |
| Net Income | $15.8M+35.9% | $7.3M-26.1% | $4.3M | $11.5M-4.8% | $11.6M+85.2% | $9.9M+115.4% | N/A | $12.1M |
| EPS (Basic) | $0.11+122.4% | $0.050.0% | $0.08+33.3% | $0.060.0% | -$0.49 | $0.05 | $0.06 | $0.06 |
| EPS (Diluted) | $0.11+122.4% | $0.050.0% | $0.08+33.3% | $0.060.0% | -$0.49 | $0.05 | $0.06 | $0.06 |
| Diluted Shares (Avg) | 146M+56.6% | 146M+56.1% | N/A | 97M+4.2% | 93M | 93M | N/A | 93M |
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 | 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 | $102.2M | $85.3M | $65.3M+35.6% | $89.6M | N/A | N/A | $48.2M | N/A |
| Current Assets | $89.0M | $72.5M | $52.5M+48.9% | $76.3M | N/A | N/A | $35.2M | N/A |
| Cash & Equivalents | $17.6M+50.1% | $10.5M-36.1% | $8.0M+13.3% | $12.2M-71.8% | $11.7M | $16.5M | $7.1M | $43.2M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.8M | $3.8M | $3.8M0.0% | $3.8M | N/A | N/A | $3.8M | N/A |
| Total Liabilities | $324.5M | $298.7M | $292.8M-29.3% | $599.2M | N/A | N/A | $414.1M | N/A |
| Current Liabilities | $84.5M | $71.7M | $52.8M+8.7% | $85.1M | N/A | N/A | $48.6M | N/A |
| Non-Current Liabilities | $240.0M | $227.0M | $240.0M-34.3% | $514.0M | N/A | N/A | $365.6M | N/A |
| Long-Term Debt | N/A | N/A | $0-100.0% | $247.6M | N/A | N/A | $125.1M | N/A |
| Total Equity | -$222.2M+57.8% | -$213.4M+40.6% | -$227.5M+37.8% | -$509.5M-36.1% | -$526.1M-37.3% | -$359.3M+6.9% | -$366.0M | -$374.3M |
| Retained Earnings | -$491.2M | -$507.0M | -$514.4M-40.4% | -$518.7M | N/A | N/A | -$366.3M | N/A |
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 | 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 | $26.7M+208.9% | $16.7M+16.6% | $12.8M-13.0% | $16.0M | $8.6M | $14.3M | $14.7M | N/A |
| Depreciation & Amortization | N/A | N/A | N/A | $948K+21.2% | N/A | N/A | N/A | $782K |
| Stock-Based Compensation | N/A | $6.9M+8086.9% | N/A | $112K+49.3% | N/A | $84K | N/A | $75K |
| Investing Cash Flow | -$1.1M-10.4% | -$1.1M-20.4% | -$1.0M+9.0% | -$1.0M | -$974K | -$910K | -$1.1M | N/A |
| Financing Cash Flow | -$9.0M-369.0% | $4.3M-62.1% | -$30.2M-5.5% | -$14.3M | -$1.9M | $11.2M | -$28.6M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
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 | 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 Margin | 47.5%-3.1pp | 35.6%-17.7pp | 30.5% | 46.7%-11.9pp | 50.6% | 53.2% | N/A | 58.6% |
| Net Margin | 28.3%+0.7pp | 19.4%-14.4pp | 9.9% | 25.9%-9.8pp | 27.6% | 33.9% | N/A | 35.8% |
| Return on Assets | 15.4% | 8.6% | 6.7% | 12.8% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.05 | 1.01 | 0.99+0.3x | 0.90 | N/A | N/A | 0.73 | N/A |
| Asset Turnover | 0.55 | 0.44 | 0.67 | 0.49 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$227.5M), which causes debt-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% | $4.3B | — |
| Magnera Corporation MAGN | FY2025 | $3.2B | -$159.0M | -5.0% | $416.5M | 42/100 |
| Clearwater Paper Corporation CLW | FY2025 | $1.6B | -$18.6M | -1.2% | $326.4M | 36/100 |
| Sylvamo Corporation SLVM | FY2025 | $3.4B | $132.0M | 3.9% | $1.4B | 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 $37.4M in fiscal year 2025, 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 111x earnings, its market capitalization divided by net income of $39.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.3B as of Sep 12, 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 23.9x sales, its market capitalization divided by revenue of $181.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.3B as of Sep 12, 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 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.
Are Neptune Insurance Holdings Inc.'s earnings high quality?
Neptune Insurance Holdings Inc. (NP) has an earnings quality ratio of 1.38x, considered cash-backed (high 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.
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.