Neptune Insurance Holdings Inc. filings document the public-company record for an emerging growth company whose Class A common stock was sold in an initial public offering. The filings include Form 8-K reports for results of operations and financial condition, exhibits with press releases and earnings presentations, and disclosures covering a board-authorized stock repurchase program.
Proxy materials describe annual meeting matters, stockholder voting procedures, board governance, and public-company governance for Neptune's first full year as a public company. Other filings record amendments to the Delaware certificate of incorporation and bylaws, the Class A common stock structure, registration-statement history, and disclosures related to Neptune Flood's MGA model, carrier partnerships, underwriting technology, and distribution platform.
Neptune Insurance Holdings Inc. reported third-quarter commissions and fees revenue of $59.567 million, up 34.3% from $44.365 million a year earlier, and net income of $17.256 million, up 49.9% from $11.511 million. For the first nine months of 2026, revenue was $153.234 million, up 32.3%, and net income was $40.401 million, up 22.2%. The company operates as a managing general agent, earning commissions and policy fees while insurance carrier partners assume policy risk.
Operating cash flow was $69.287 million for the first nine months, compared with $38.920 million a year earlier. Third-quarter policy retention was 84.1% versus 86.7%, premium retention was 91.0% versus 98.0%, and trailing-twelve-month revenue retention was 88.5% versus 92.6%. Neptune repurchased and retired 1,219,140 Class A shares for $31.9 million during the nine months, including a separate $26.0 million repurchase alongside the May 2026 secondary offering. As of September 30, 2026, $215.0 million was outstanding under the revolving facility; Neptune reported compliance with its financial covenants and $45.0 million in available borrowing capacity.
Neptune Insurance Holdings Inc. (NP) reported third-quarter 2026 revenue of $59.6 million, up 34.3% year over year, and net income of $17.3 million, up 49.9%. Adjusted net income was $24.3 million, up 51.8%, while Adjusted EBITDA was $36.8 million, up 37.5%, at a 61.7% margin. Written Premium reached $132.7 million, up 30.8%.
Management raised 2026 revenue expectations to $204 million at an Adjusted EBITDA margin in excess of 61%, and set initial 2027 guidance of $238 million revenue at an Adjusted EBITDA margin of 61%. Operating cash flow was $69.3 million for the nine months ended September 30, versus $38.9 million a year earlier. Q3 principal paydowns totaled $25.0 million, leaving $215.0 million outstanding on the revolving credit facility at September 30, 2026, with a 1.7x Total Net Leverage Ratio.
Chief Financial Officer Jim Steiner notified the company of his intent to resign effective following its 2026 Form 10-K. He is expected to remain a director and subsidiary COO. Board member Cristian Melej was appointed CFO effective at that transition; he resigned immediately from his board committees and will remain a director.
Neptune Insurance Holdings Inc. (NP) reported sales by Matthew Paul Duffy, identified as President & Chief Risk Officer with positions held at a subsidiary. On October 8, 2026, he sold 53,639 shares of Class A Common Stock at a weighted average price of $27.8825 and 30,802 shares at a weighted average price of $28.4670. Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 12, 2026.
Neptune Insurance Holdings Inc. President & Chief Risk Officer Matthew Paul Duffy sold 41,392 Class A common shares on October 6, 2026. The reported weighted average price was $27.1542 per share; the shares were sold in multiple transactions at prices from $26.84 to $27.33, inclusive. The sale was made under a Rule 10b5-1 trading plan adopted on June 12, 2026. Duffy reported direct holdings of 1,964,239 shares following the sale.
Neptune Insurance Holdings Inc. (NP) reporting person Matthew Paul Duffy, identified as President & Chief Risk Officer, sold 38,537 shares of Class A Common Stock at a weighted-average price of $27.6460 per share and 1,200 shares at a weighted-average price of $28.4804 per share on October 2, 2026. The sales were made under a Rule 10b5-1 trading plan adopted June 12, 2026.
Neptune Insurance Holdings Inc. CEO Trevor R. Burgess had 254,836 Class A common shares withheld by the issuer on September 30, 2026, for tax withholding obligations tied to restricted stock unit vesting and settlement; the footnote states that no shares were sold. He also received a 480,544-share time-based RSU award that vests in four quarterly installments of 120,136 shares from December 31, 2028, through September 30, 2029, subject to continuous service. The reported $27.35 per share is the closing price that day.
Neptune Insurance Holdings Inc. Chief Financial Officer James Steiner had 64,777 Class A common shares withheld by the issuer on September 30, 2026, to satisfy tax withholding obligations tied to vesting and settlement of restricted stock units. The reported $27.35 per-share figure was the stock’s closing price that day; the footnote says no shares were sold.
Steiner also received an award covering 75,288 shares underlying time-based restricted stock units, scheduled to vest in four quarterly installments of 18,822 shares from December 31, 2028, through September 30, 2029, subject to continuous service through each vesting date. Reported holdings include 95,500 stock options with a $19.00 exercise price, expiring September 18, 2035, and 3,749,050 Class A shares held indirectly as trustee of the Living Trust of James Edward Steiner dated July 7, 2016.
Neptune Insurance Holdings Inc. reported two September 30, 2026 transactions by Matthew Paul Duffy, identified as President & Chief Risk Officer: a time-based restricted stock unit award covering 191,896 Class A shares and withholding of 98,381 Class A shares for tax obligations related to RSU vesting and settlement. No shares were sold. The reported $27.35 is the closing price that day, not a sale price. The new award vests in four quarterly installments of 47,974 shares from December 31, 2028, through September 30, 2029, subject to continuous service.
Neptune Insurance Holdings Inc. director Jonathan Winant Carlon had 6,088 Class A shares withheld on September 30, 2026, to satisfy tax-withholding obligations tied to restricted stock unit vesting and settlement; the $27.35 figure was the closing price, and the footnote states that no shares were sold.
The report also records a grant of 9,568 time-based restricted stock units, vesting in four quarterly installments of 2,392 from December 31, 2028, through September 30, 2029, subject to continuous service. An amended time-based award vested as to 24,500 shares on September 30, 2026, with 49,000 remaining to vest in eight quarterly installments of 6,125 through September 30, 2028, subject to continuous service. As of September 30, 2026, indirect holdings included 511,000 shares in Carlon Family Trust, whose trustees are Jonathan Winant Carlon and Alexis Carlon, and 4,599,000 shares in JWC Irrevocable Trust, whose trustees are Jonathan Winant Carlon and Steve Wynne.
Neptune Insurance Holdings Inc. director David Stanley Edward Noble received an award covering 28,704 shares of Class A Common Stock underlying time-based restricted stock units on September 30, 2026, in connection with his board appointment. The award vests as to 9,568 shares on September 30, 2027, and the remaining 19,136 shares in eight quarterly installments of 2,392 shares through September 30, 2029, subject to continuous service through each applicable date. Noble’s reported direct position after the award was 43,704 shares, including the award’s underlying shares. His spouse directly holds 3,750 shares, for which Noble disclaims beneficial ownership except to the extent of his pecuniary interest.