Neptune Insurance Holdings, Inc. Class A ( (NP) ) has released its Q3 earnings. Here is a breakdown of the information Neptune Insurance Holdings, Inc. Class A presented to its investors.
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Neptune Insurance Holdings Inc. is a leading managing general agent in the insurance sector, specializing in flood insurance products using advanced data science and artificial intelligence to streamline operations and enhance customer experience.
In its third quarter of 2025 earnings report, Neptune Insurance Holdings Inc. announced a significant revenue increase of 31.2% compared to the same period in 2024, reaching $44.4 million. Despite a 4.8% decline in net income to $11.5 million due to IPO-related expenses, the company reported a robust adjusted EBITDA growth of 28.6% to $26.7 million.
Key financial metrics highlighted in the report include a 31% growth in written premiums to $101.6 million and a 24% increase in adjusted net income to $16 million. The company also achieved a 29% growth in revenue per employee and a 30% increase in adjusted EBITDA per employee, underscoring the efficiency and scalability of its technology-driven model. Additionally, Neptune expanded its capacity relationships, adding six new reinsurers to its panel, and achieved record new business sales in the third quarter.
Looking ahead, Neptune Insurance Holdings Inc. anticipates continued growth, projecting full-year 2026 revenue between $186 million and $189 million, with an adjusted EBITDA margin of 60% to 61%. The company’s management remains optimistic about leveraging its technology and expanding its market presence to drive future profitability.