Accelerant Holdings Class A (ARX)
NYSE:ARX
Earnings Data
Report Date
Aug 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed broad, measurable operational and financial momentum: strong premium and revenue growth, expanding adjusted EBITDA and margins, accelerating third‑party capital adoption, healthy member additions and robust cash generation. The company emphasized a durable AI/data competitive advantage and provided constructive 2026 guidance while taking steps to return capital (share buyback). The main headwinds mentioned were the near‑term comparability effects of terminating a large low‑margin member, low net retention in the underwriting book (by design as the business shifts to fee‑based capital partners), some one‑time gains and Mission‑related cash outlays, and the normal execution risk and long sales cycles associated with scaling third‑party insurer relationships. Overall, positives materially outweighed the negatives.Company Guidance
Strong Exchange Written Premium Growth
Q4 exchange written premium of $1.1B, up 24% year-over-year (32% YoY excluding one large, low-margin terminated member). Full year 2025 exchange written premium of $4.2B, up 35% YoY (41% YoY excluding the terminated member).
Revenue and Adjusted EBITDA Acceleration
Q4 revenue of $248M (+30% YoY). Q4 adjusted EBITDA of $71M (+52% YoY) and adjusted EBITDA margin expanded to 28% from 24% a year earlier. Management reported adjusted EBITDA growth of 149% for full-year 2025 versus prior year in headline commentary.
Exchange Services Outperformance and Higher Take Rate
Exchange Services revenue of $93M in Q4 (+46% YoY) with take rate expansion to 8.4% from 7.2% in 2024. Exchange Services adjusted EBITDA was $63M at a 67% margin, demonstrating high operating leverage in fee-based business.
Rapid Progress Toward Third‑Party Capital Mix
Third‑party direct written premium rose steadily through 2025 (Q1 19% → Q2 27% → Q3 32% → Q4 40% of exchange written premium). Risk Exchange insurer count increased to 18 (from 13 at end of 2024). Management targets ~2/3 of exchange premium from third‑party insurers over the medium term and has $2.1B already under contract toward a $2.2B 2026 third‑party target.
Member Growth and Strong Retention
Member count rose to 280 at year‑end 2025 (63 additions in 2025, +29% YoY). Net revenue retention (trailing 12 months) was 126% for the quarter (131% excluding the terminated member), indicating existing members are growing premium on the platform.
Robust Cash Generation and Capital Actions
Cash outside underwriting entities of $524M and $121M of debt at quarter end. Adjusted free cash flow added $157M in 2025 with an adjusted free cash flow conversion of ~87% (excluding IPO items). Board authorized up to $200M share repurchase program through Dec 2028.
Differentiated AI and Proprietary Data Advantage
Company highlighted proprietary decision‑ready dataset of 134M rows across 58,000 attributes and that 34% of workforce is engineers/data scientists/product. Reported platform outcomes: members see a 2–3 point average improvement in gross loss ratio after model scoring, and Accelerant has saved risk capital partners at least $100M in losses since inception.
2026 Guidance Demonstrates Continued Growth
Q1 2026 guidance: exchange written premium $1.07B–$1.13B, third‑party direct written premium $450M–$470M, adjusted EBITDA $64M–$66M. Full‑year 2026 guidance: at least $5.1B exchange written premium, at least $2.2B third‑party direct written premium, and adjusted EBITDA of at least $275M.
ARX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 18, 2026 | $11.66 | $12.18 | +4.46% |
Nov 12, 2025 | $12.60 | $13.76 | +9.21% |
Aug 28, 2025 | $29.29 | $21.57 | -26.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Accelerant Holdings Class A (ARX) report earnings?
Accelerant Holdings Class A (ARX) is schdueled to report earning on Aug 27, 2026, Before Open (Confirmed).
What is Accelerant Holdings Class A (ARX) earnings time?
Accelerant Holdings Class A (ARX) earnings time is at Aug 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARX EPS forecast?
Currently, no data Available