Neptune Insurance Holdings, Inc. Class A (NP)
NYSE:NP
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Neptune Insurance Holdings, Inc. Class A
(NYSE:NP)
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Rating:54Neutral
Price Target:
$26.00
▲(0.15% Upside)
Action:ReiteratedDate:03/14/26
The score is held back primarily by balance-sheet risk (deeply negative equity and rising debt) and an expensive valuation (very high P/E). These are partially offset by strong operating performance, accelerating revenue growth, and healthy free cash flow, while technical indicators remain mixed without a clear bullish trend.
Positive Factors
Operating profitability
Consistently strong operating profitability across 2023–2024 indicates a durable business model and cost structure advantage. High operating earnings relative to revenue suggest the company can sustain margins, fund operations and reinvest in growth without relying solely on external capital over the medium term.
Negative Factors
Deeply negative stockholders' equity
Persistently negative equity is a material structural weakness that reduces capital buffers and increases solvency risk. It can constrain strategic options, complicate access to capital markets, trigger covenant breaches, and make the firm more vulnerable to shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability
Consistently strong operating profitability across 2023–2024 indicates a durable business model and cost structure advantage. High operating earnings relative to revenue suggest the company can sustain margins, fund operations and reinvest in growth without relying solely on external capital over the medium term.
Read all positive factors
Neptune Insurance Holdings, Inc. Class A (NP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.59B
Dividend YieldN/A
Average Volume (3M)240.10K
Price to Earnings (P/E)231.9
Beta (1Y)1.35
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees60
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.10
Shares Outstanding94,718,530
10 Day Avg. Volume207,764
30 Day Avg. Volume240,096
Financial Highlights & Ratios
PEG Ratio-0.96
Price to Book (P/B)-17.71
Price to Sales (P/S)25.25
P/FCF Ratio84.47
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue23.36
Enterprise Value/Gross Profit37.03
Enterprise Value/Ebitda36.05
Forecast
1Y Price Target
$26.22Price Target Upside1.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.52
Revenue Forecast (FY)$194.89M
Neptune Insurance Holdings, Inc. Class A Business Overview & Revenue Model
Company Description
A data-driven managing general agent for flood insurance. Sells residential and commercial flood insurance (primary & excess), and parametric earthquake insurance. Uses AI and machine learning platforms (e.g. underwriting engine "Triton", policy m...
Neptune Insurance Holdings, Inc. Class A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
22
Negative
Cash Flow
73
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 159.55M | 119.30M | 84.87M |
| Gross Profit | 103.06M | 79.23M | 54.51M |
| EBITDA | 75.59M | 66.93M | 47.37M |
| Net Income | 37.41M | 34.59M | 17.89M |
Balance Sheet | |||
| Total Assets | 65.30M | 48.15M | 41.67M |
| Cash, Cash Equivalents and Short-Term Investments | 8.04M | 7.09M | 8.13M |
| Total Debt | 240.00M | 133.65M | 174.86M |
| Total Liabilities | 292.79M | 414.14M | 429.27M |
| Stockholders Equity | -227.49M | -365.99M | -387.60M |
Cash Flow | |||
| Free Cash Flow | 47.69M | 46.21M | 14.62M |
| Operating Cash Flow | 51.67M | 49.93M | 18.65M |
| Investing Cash Flow | -3.98M | -3.71M | -4.03M |
| Financing Cash Flow | -35.21M | -42.47M | -9.87M |
Neptune Insurance Holdings, Inc. Class A Risk Analysis
Neptune Insurance Holdings, Inc. Class A disclosed 61 risk factors in its most recent earnings report. Neptune Insurance Holdings, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Neptune Insurance Holdings, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (68)
NP
Neptune Insurance Holdings, Inc. Class A
25.96
-2.49
-8.75%
GRND
Grindr
12.26
-5.29
-30.14%
DSP
Viant Technology
10.54
-2.72
-20.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.