NYSE : NP
Neptune Insurance Holdings Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 29.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.03B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Neptune Insurance Holdings Inc. (NP) reported revenue of 197.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 197.00M | 159.55M | 119.30M | 84.87M |
| Cost of Revenue | 96.33M | 65.95M | 40.07M | 30.36M |
| Gross Profit | 100.67M | 93.60M | 79.23M | 54.51M |
| Selling, General & Admin | 5.80M | 10.02M | 7.76M | 6.90M |
| Amortization of Goodwill & Intangibles | 3.99M | 3.71M | 3.03M | 2.18M |
| Operating Expenses | 10.46M | 13.74M | 10.78M | 9.08M |
| Operating Income | 90.21M | 79.87M | 68.45M | 45.43M |
| Interest Expense | -15.19M | -18.24M | -17.52M | -21.33M |
| Interest & Investment Income | 982.00K | 923.00K | 880.00K | 308.00K |
| Other Non Operating Income (Expenses) | -8.91M | -8.91M | ||
| EBT Excluding Unusual Items | 67.08M | 53.63M | 51.81M | 24.41M |
| Other Unusual Items | -5.43M | -556.00K | ||
| Pretax Income | 67.08M | 53.63M | 46.38M | 23.86M |
| Income Tax Expense | 22.34M | 16.22M | 11.79M | 5.97M |
| Net Income | 44.74M | 37.41M | 34.59M | 17.89M |
| Preferred Dividends & Other Adjustments | 34.00K | 64.61M | 19.87M | 8.13M |
| Net Income to Common | 44.71M | -27.20M | 14.72M | 9.75M |
| Shares Outstanding (Basic) | 137.82M | 104.50M | 93.35M | 93.52M |
| Shares Outstanding (Diluted) | 144.07M | 104.50M | 93.35M | 93.52M |
| EPS (Basic) | 0.32 | -0.26 | 0.16 | 0.10 |
| EPS (Diluted) | 0.32 | -0.26 | 0.16 | 0.10 |
| Gross Margin | 51.10% | 58.67% | 66.41% | 64.23% |
| Operating Margin | 45.79% | 50.06% | 57.37% | 53.53% |
| Profit Margin | 22.70% | -17.04% | 12.34% | 11.49% |
| EBITDA | 90.56M | 79.94M | 68.52M | 45.50M |
| EBITDA Margin | 45.97% | 50.10% | 57.43% | 53.61% |
| D&A For EBITDA | 352.00K | 73.00K | 71.00K | 70.00K |
| EBIT | 90.21M | 79.87M | 68.45M | 45.43M |
| EBIT Margin | 45.79% | 50.06% | 57.37% | 53.53% |
| Effective Tax Rate | 33.30% | 30.25% | 25.42% | 25.03% |
| Advertising Expenses | 1.86M | 1.60M | 1.57M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 17.43M | 8.04M | 7.09M | 8.13M |
| Cash & Short-Term Investments | 17.43M | 8.04M | 7.09M | 8.13M |
| Accounts Receivable | 4.91M | 4.08M | 2.61M | 941.00K |
| Other Receivables | 1.43M | 1.15M | 462.00K | |
| Receivables | 6.34M | 5.23M | 2.61M | 1.40M |
| Prepaid Expenses | 829.00K | 1.31M | 452.00K | 664.00K |
| Restricted Cash | 60.51M | 32.51M | 20.97M | 16.19M |
| Other Current Assets | 6.11M | 5.38M | 4.10M | 3.47M |
| Total Current Assets | 91.22M | 52.46M | 35.23M | 29.86M |
| Goodwill | 3.79M | 3.79M | 3.79M | 3.79M |
| Other Intangible Assets | 6.71M | 6.50M | 6.23M | 5.54M |
| Long-Term Deferred Tax Assets | 725.00K | 802.00K | 2.80M | 2.19M |
| Long-Term Deferred Charges | 1.48M | 1.75M | 99.00K | 279.00K |
| Total Assets | 103.92M | 65.30M | 48.15M | 41.67M |
| Accounts Payable | 27.38M | 10.14M | 7.17M | 5.29M |
| Accrued Expenses | 6.52M | 4.76M | 3.00M | 2.17M |
| Current Portion of Long-Term Debt | 8.55M | 1.90M | ||
| Current Income Taxes Payable | 4.78M | 90.00K | ||
| Current Unearned Revenue | 38.69M | 18.94M | 11.81M | 8.40M |
| Other Current Liabilities | 27.93M | 18.95M | 13.26M | 11.26M |
| Total Current Liabilities | 100.52M | 52.79M | 48.57M | 29.11M |
| Long-Term Debt | 215.00M | 240.00M | 125.10M | 172.96M |
| Total Liabilities | 315.52M | 292.79M | 173.67M | 202.07M |
| Common Stock | 1.00K | 1.00K | 1.00K | |
| Additional Paid-In Capital | 262.35M | 286.86M | 337.00K | 41.00K |
| Retained Earnings | -473.95M | -514.35M | -366.33M | -387.64M |
| Total Common Equity | -211.60M | -227.49M | -365.99M | -387.60M |
| Shareholders' Equity | -211.60M | -227.49M | -125.52M | -160.40M |
| Total Liabilities & Equity | 103.92M | 65.30M | 48.15M | 41.67M |
| Total Debt | 215.00M | 240.00M | 133.65M | 174.86M |
| Net Cash (Debt) | -197.57M | -231.96M | -126.56M | -166.73M |
| Net Cash Per Share | -1.37 | -2.22 | -1.36 | -1.78 |
| Filing Date Shares Outstanding | 138.17M | 138.15M | 93.35M | 93.52M |
| Total Common Shares Outstanding | 138.17M | 138.15M | 93.35M | 93.52M |
| Working Capital | -9.30M | -331.00K | -13.34M | 752.00K |
| Book Value Per Share | -1.53 | -1.65 | -3.92 | -4.14 |
| Tangible Book Value | -222.10M | -237.78M | -376.01M | -396.94M |
| Tangible Book Value Per Share | -1.61 | -1.72 | -4.03 | -4.24 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 44.74M | 37.41M | 34.59M | 17.89M |
| Depreciation & Amortization | 352.00K | 73.00K | 71.00K | 70.00K |
| Other Amortization | 4.06M | 4.27M | 3.86M | 3.34M |
| Stock-Based Compensation | 31.95M | 11.42M | 296.00K | 41.00K |
| Other Operating Activities | 2.25M | 2.00M | 4.81M | -1.64M |
| Change in Accounts Receivable | -1.28M | -1.47M | -1.67M | -491.00K |
| Change in Accounts Payable | 2.51M | 2.98M | 1.87M | 1.56M |
| Change in Income Taxes | -2.45M | -5.93M | 5.15M | -466.00K |
| Change in Other Net Operating Assets | -102.00K | 914.00K | 937.00K | -1.65M |
| Operating Cash Flow | 82.04M | 51.67M | 49.93M | 18.65M |
| Sale (Purchase) of Intangibles | -4.27M | -3.98M | -3.71M | -4.03M |
| Investing Cash Flow | -4.27M | -3.98M | -3.71M | -4.03M |
| Long-Term Debt Issued | 552.00M | 171.00M | 190.00M | |
| Long-Term Debt Repaid | -447.00M | -214.53M | -81.35M | |
| Net Debt Issued (Repaid) | -49.00M | 105.00M | -43.52M | 108.65M |
| Issuance of Common Stock | 9.51M | 24.19M | 10.00M | |
| Repurchase of Common Stock | -32.57M | -10.00M | ||
| Common Dividends Paid | -175.00M | -339.02M | ||
| Other Financing Activities | 13.19M | 10.60M | 1.06M | 1.44M |
| Financing Cash Flow | -58.87M | -35.21M | -42.47M | -9.87M |
| Net Cash Flow | 18.89M | 12.48M | 3.75M | 4.75M |
| Levered Free Cash Flow | 99.76M | 46.79M | 38.75M | |
| Unlevered Free Cash Flow | 108.83M | 57.56M | 48.79M | |
| Cash Interest Paid | 17.13M | 17.13M | 17.07M | 20.10M |
| Cash Income Tax Paid | 20.15M | 20.15M | 7.31M | 8.60M |
| Change in Working Capital | -1.32M | -3.51M | 6.29M | -1.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 4.07B | 4.03B | ||
| Enterprise Value | 4.26B | 4.53B | ||
| Last Close Price | 29.18 | 29.16 | ||
| Forward PE | 45.56 | 61.22 | ||
| PS Ratio | 20.47 | 25.23 | ||
| PB Ratio | -17.69 | |||
| P/OCF Ratio | 49.15 | 77.90 | ||
| EV/Sales Ratio | 21.47 | 28.37 | ||
| EV/EBITDA Ratio | 46.70 | 56.62 | ||
| EV/EBIT Ratio | 46.89 | 56.67 | ||
| Debt / Equity Ratio | -1.02 | -1.05 | -1.06 | -1.09 |
| Debt / EBITDA Ratio | 2.37 | 3.00 | 1.95 | 3.84 |
| Net Debt / Equity Ratio | -0.93 | -1.02 | -1.01 | -1.04 |
| Net Debt / EBITDA Ratio | 2.18 | 2.90 | 1.85 | 3.66 |
| Asset Turnover | 2.04 | 2.81 | 2.66 | |
| Quick Ratio | 0.24 | 0.25 | 0.20 | 0.33 |
| Current Ratio | 0.91 | 0.99 | 0.72 | 1.03 |
| Return on Assets (ROA) | 58.26% | 88.00% | 95.25% | |
| Return on Invested Capital (ROIC) | 568.64% | 921.47% | 840.60% | 271.18% |
| Return on Capital Employed (ROCE) | 2,650.80% | 638.60% | -16,532.90% | 361.70% |
| Earnings Yield | 1.07% | 0.93% | ||
| Payout Ratio | 467.75% | 1,895.47% | ||
| Buyback Yield / Dilution | -54.34% | -11.95% | 0.18% |