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

Apr 22, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.09

Last Year’s EPS

0.07

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a strongly positive operational and financial picture with robust top-line growth (Q4 revenue +39% YoY; full-year +34%), high adjusted EBITDA margins (~60%), meaningful capacity and distribution expansion (+74% capacity partners, 30k agent logins), and upward guidance for 2026. Key negatives were a steep Q4 GAAP net income decline (down 63%) driven by IPO-related and share-based compensation charges, a meaningful recurring RSU expense run-rate, leverage that management is actively reducing (~2.5x adjusted EBITDA initially), and some near-term investor/regulatory noise. On balance, the strength and durability of the core business metrics and the raised guidance outweigh the one-time and transitional negatives.

Company Guidance

Neptune raised 2026 guidance to approximately $193 million of revenue with an adjusted EBITDA margin of 60–61%; that outlook builds on 2025 results of $159.6M revenue (up 34% YoY), $95M adjusted EBITDA (up 32%) at a 60% margin, $56.9M adjusted net income (up 38%), and $37.4M net income (23% margin), plus Q4 revenue of $43.8M (+39% YoY) and Q4 adjusted EBITDA of $25.9M (+34%) at a 59% margin; supporting operational metrics include written premium of $100.3M in Q4 and year-end premium in force of ~ $370M (≈$90M net growth), 98% premium retention (86% of eligible policies), 40 capacity providers (up from 23, +74%) across 8 programs, a 35 bps increase in average commission rate, $2.7M revenue per employee (+15%) and $1.6M adjusted EBITDA per employee (+14%), a Rule of 40 of 93, and a balance sheet with a $260M revolver and roughly $240M of debt at quarter end (net leverage ~2.5x TTM adj. EBITDA, subsequently reduced to $231M); management emphasized profitable growth, priority on debt reduction while retaining flexibility for share repurchases or dividends.

Strong Top-Line Growth

Q4 revenue of $43.8M, up 39% year-over-year; full year 2025 revenue $159.6M, up 34% versus 2024. Company raised 2026 revenue guidance to approximately $193M.

High and Expanding Profitability (Adjusted)

Q4 adjusted EBITDA of $25.9M, up 34% year-over-year at a 59% margin; full year adjusted EBITDA $95M, up 32% at a 60% margin. Company reports adjusted EBITDA per employee of $1.6M (up 14%).

Record New Business and Premium Growth

Q4 written premium $100.3M and record new business sales in the quarter; year-end premium-in-force approximately $370M, reflecting over $90M net growth in 2025 and ~33% year-over-year premium-in-force growth during the quarter.

Outstanding Retention Metrics

Full-year premium retention of 98% (up 90 basis points year-over-year); retention of eligible policies 86% (up 1.8 percentage points versus 2024), indicating durable customer retention and pricing competitiveness.

Capacity Partner Expansion — Data/Capital Validation

Capacity partners increased from 23 to 40 year-over-year, a 74% increase, now supporting 8 programs; management attributes the expansion to strong historical underwriting performance and data-driven results.

Technology & Data Moat

Platform is API-first and AI-powered from inception; over 40% of employees are engineers/data scientists. Trailing 12-month revenue per employee increased 15% to $2.7M, positioning unit economics at technology-platform levels.

Operational Resilience During NFIP Disruption

Platform continued quoting, binding and onboarding during a federal NFIP shutdown, contributing to record new business with minimal margin impact and demonstrating reliability and agent onboarding capability.

Product & Distribution Expansion

Launched beta of Indemnity Earthquake product and added 7th (Palomar) and 8th (Somers Re) capacity programs; launched user-based agent log-in with >30,000 agents registering within 30 days, enriching granular behavioral data.

Capital & Balance Sheet Actions

Refinanced into a $260M revolving credit facility to lower interest and increase flexibility; ended quarter with ~$240M total debt (~2.5x trailing 12-month adjusted EBITDA) and subsequently reduced debt to ~$231M.

Raised 2026 Adjusted EBITDA Margin Outlook

Updated full-year 2026 expectations include an adjusted EBITDA margin target of 60%–61%, reflecting continued emphasis on profitable, scalable growth.

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
Apr 22, 2026	2026 (Q1)	0.09 / -	0.072	―	―	―
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
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 Apr 22, 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 Apr 22, 2026, After Close (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 NP EPS forecast?

NP EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.