Neptune Insurance Holdings, Inc. Class A (NP)

NYSE:NP

Neptune Insurance Holdings, Inc. Class A

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Neptune Insurance Holdings, Inc. Class A (NP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Nov 18, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

―

Last Year’s EPS

0.11

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 22, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong, expanding business fundamentals — double-digit revenue growth, record efficiency metrics, notable AI-driven product launches (Atlas+, ChatGPT integration, Proteus), capacity expansion, and a $100M buyback — while acknowledging manageable near-term headwinds (seasonal margin pressure, modest retention dip, slow housing turnover, channel and product expansion constraints, and weather/regulatory uncertainty). Management framed margin and churn items as timing or addressable factors and reiterated confidence with raised revenue guidance and stable margin targets.

Company Guidance

Neptune raised its full‑year 2026 revenue target to $195.0 million and reiterated an adjusted EBITDA margin goal of 60%–61% (Q1 adjusted EBITDA margin was ~57.1% due to seasonality and front‑loaded public company audit costs), citing Q1 momentum (Q1 revenue $37.8M, +28.8–29% YoY; adjusted EBITDA $21.6M, +26%; net income $7.3M; adjusted net income $13.4M; written premium $86.7M; premium in force ~$389M and rising toward $400M). The company also approved a $100M share repurchase program to be funded by free cash flow over the next two years, expects to continue reducing revolver debt (current balance ~$222M, ~2.2x trailing adjusted EBITDA after a $5M paydown), and highlighted record TTM revenue per employee of $2.8M and adjusted EBITDA per employee of $1.7M as drivers of its confidence that 60% is a floor, not a ceiling.

Record Q1 Revenue and Profitability

Revenue of $37.8M in Q1 2026, up ~28.8% year-over-year; net income of $7.3M and adjusted net income of $13.4M; adjusted EBITDA of $21.6M, up 26% YoY.

Strong Margin Profile and Updated Guidance

Q1 adjusted EBITDA margin ~57.1% (impacted by seasonality and front-loaded public-company costs); company reiterates full-year adjusted EBITDA margin target of 60%–61% and raised full-year revenue guidance to $195M.

Premium Growth and New Business Momentum

Written premium of $86.7M in Q1 driving ~32% year-over-year premium-in-force growth; premium in force reached ~$389M at quarter end with record first-quarter new business sales.

Operational Efficiency Metrics at Record Levels

Trailing-12-month revenue per employee reached $2.8M and adjusted EBITDA per employee reached $1.7M — both record levels and up double digits year-over-year, underscoring the asset-light MGA model.

AI/Product Innovation — Atlas+, ChatGPT Integration and Proteus

Launched Atlas+ beta (AI assistant for agents) with thousands of agent interactions and early policy sales attributed to it; Neptune app available inside ChatGPT; Proteus (internal AI developer) handled >30% of engineering tickets in March, enabling ~50% increase in engineering throughput.

Expanded Capacity Relationships

Renewed one of eight programs with increased size for the 2026–2027 treaty period, added two new reinsurers, expanding total panel to 42 capacity providers — signals long-term underwriting partner confidence.

Distribution Scale and Agent Adoption

Since December, >45,000 individual agents signed up for direct platform access and ~11,000 of those users have already bound new business policies, indicating strong agent engagement and distribution leverage.

Balance Sheet Actions and Shareholder Returns

Board approved $100M share repurchase program to be funded by free cash flow over ~2 years; continued debt reduction (revolver balance ended quarter ~$227M then reduced to ~$222M) with leverage ~2.2x trailing adjusted EBITDA and target to stay below ~2.5x.

Neptune Insurance Holdings, Inc. Class A (NP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2026	2026 (Q3)	- / -	0.11	―	―	―
Apr 22, 2026	2026 (Q1)	0.09 / 0.09	0.072	25.00% (+0.02)
Feb 18, 2026	2025 (Q4)	0.10 / 0.10	0.083	20.48% (+0.02)
Nov 12, 2025	2025 (Q3)	0.11 / 0.11	―	―	―

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

NP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 22, 2026	$28.07	$27.18	-3.17%
Feb 18, 2026	$18.13	$20.44	+12.74%
Nov 12, 2025	$25.16	$24.87	-1.15%

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 Neptune Insurance Holdings, Inc. Class A (NP) report earnings?

Neptune Insurance Holdings, Inc. Class A (NP) is schdueled to report earning on Nov 18, 2026, After Close (Confirmed).

What is Neptune Insurance Holdings, Inc. Class A (NP) earnings time?

Neptune Insurance Holdings, Inc. Class A (NP) earnings time is at Nov 18, 2026, After Close (Confirmed).

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