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Accelerant Holdings (ARX) stock

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NYSE: ARX NYSE Insurance Brokers Next results ~November 11, 2026

Accelerant Holdings is a US-listed company in the insurance brokers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$17

Forward price-to-earnings vs peers

Base case. Range ~$15–$20. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Accelerant Holdings valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders6 buying, 6 selling6 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds78 adding, 53 cuttingOf 40 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Accelerant Holdings files

Where Accelerant stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.15bn. Our forward price-to-earnings vs peers value is $16.86 a share.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Accelerant Holdings's trailing-twelve-month revenue grew 54.6% year on year, with a free-cash-flow margin of 0.5%.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 96% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 54.6% over the last 12 months.
  • Net cash. Cash exceeds long-term debt by $1.5bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 71% and a beta of 0.1 against the S&P 500.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
$0.32 against an average estimate of $0.16: beat by 96.3%
Revenue
$357m, up 62.9% on a year earlier
Share reaction
+43.9% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 11, 2026; average EPS estimate $0.20

Accelerant Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.1%
  • 1 week-0.1%
  • 1 month+0.4%
  • This year+21.2%
  • 1 year+70.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.1B
Net margin
-119.3%
EPS (TTM, diluted)
$-6.91

Growth

Revenue growth
+54.6%
Change in growth rate
+0.0 pts

Earnings

Last results
August 13, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Results
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Insider trade
  12. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Accelerant Holdings valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Accelerant Holdings as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 7.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.56 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$17 ~$15–$20 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$0.8 ~$1.1–$14 Left out: out of range vs price (0.04x)
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$17 ~$15–$20 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Accelerant Holdings with insurance brokers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 11, 2026, before the open. Analysts expect revenue of $265m and EPS of $0.20 (range $0.17 to $0.21) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.89 −4% $1.1bn +25%
Next $0.94 +5% $1.2bn +9%

Next year's EPS estimate has moved +1.5% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +20.1% on 90 days ago. In the last 30 days, 0 analysts raised Accelerant Holdings's forecast and 1 cut it.

Consensus EPS forecast Accelerant Holdings, last 90 days
$0.70 $0.75 $0.80 $0.85 $0.90 $0.95 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.74 Current fiscal year, 60 days ago: $0.89 Current fiscal year, 30 days ago: $0.89 Current fiscal year, 7 days ago: $0.89 Current fiscal year, Now: $0.89 $0.89 Next fiscal year, 90 days ago: $0.92 Next fiscal year, 60 days ago: $0.94 Next fiscal year, 30 days ago: $0.94 Next fiscal year, 7 days ago: $0.94 Next fiscal year, Now: $0.94 $0.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.74$0.92
60 days ago $0.89$0.94
30 days ago $0.89$0.94
7 days ago $0.89$0.94
Now $0.89$0.94

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.16 $0.32 +96.3%
Mar 2026 $0.16 $0.17 +8.3%
Dec 2025 $0.22 $0.23 +5.9%
Sept 2025 $0.21 $0.39 +80.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy00%
Hold583%
Sell117%

Monthly trend

  1. Oct 2026516
  2. Sep 2026516
  3. Aug 2026156
  4. Jul 202645110

Counts of recommendations published by analysts covering Accelerant Holdings, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
1.62
at average volume
Short interest, 1 month
−34%
to October 15, 2026
Held by institutions
65%
of shares
Held by insiders
48.7%
of shares
Employees
862
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +70.5%

$11.62 on October 31, 2025 to $19.81

ThenNowEffect
Revenue (last 12 months) $742m $1.1bn +54.6%
P/S multiple 3.0x 3.4x +12.4%
Share count 194m 198m −1.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 2026 to date
Return
ARX+21%
Industry peers (median)−2%
S&P 500+11%
Months that ended higher
ARX46%
S&P 50046%
Largest fall from a high during the year
ARX−43%
S&P 500−9%

Worst fall since July 24, 2025: 69% from August 22, 2025 to February 23, 2026. Getting back needed a 221% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.36 – $19.88
From 52-week high
−0.4%
vs 50-day average
+0.2%
vs 200-day average
+32.0%
Volatility (1 year)
71%
Beta vs S&P 500
0.05

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 1 down
typical move ±18.1%
After a week
5 up, 1 down
typical move ±20.2%
After a month
4 up, 2 down
typical move ±28.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 +43.9% +0.5% +43.8% +45.7%
May 13, 2026 +8.3% +1.4% +23.7% −3.4%
March 18, 2026 +4.7% −1.6% +11.0% +21.2%
February 27, 2026 +10.6% −0.4% +4.9% +24.3%
November 12, 2025 +9.7% −1.6% +6.7% +25.0%
August 28, 2025 −31.5% −0.2% −31.2% −50.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Accelerant Holdings
$600M $800M $1B $1.2B FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 Revenue (TTM), FY25 Q1: $652.5M Revenue (TTM), FY25 Q2: $741.5M Revenue (TTM), FY25 Q3: $855.2M Revenue (TTM), FY25 Q4: $912.9M Revenue (TTM), FY26 Q1: $1B Revenue (TTM), FY26 Q2: $1.1B $1.1B

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY25 Q1 $652.5M
FY25 Q2 $741.5M
FY25 Q3 $855.2M
FY25 Q4 $912.9M
FY26 Q1 $1B
FY26 Q2 $1.1B
FCF margin (TTM) Accelerant Holdings
0% 50% 100% 150% FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FCF margin (TTM), FY25 Q2: 107.3% FCF margin (TTM), FY25 Q3: 68.9% FCF margin (TTM), FY25 Q4: 44.9% FCF margin (TTM), FY26 Q1: 29.2% FCF margin (TTM), FY26 Q2: 0.5% 0.5%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY25 Q2 107.3%
FY25 Q3 68.9%
FY25 Q4 44.9%
FY26 Q1 29.2%
FY26 Q2 0.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 344 603 913 1,146
Net income −49 27 −1,425 −1,367
Diluted EPS −$0.29 $0.14 −$7.49 −$6.91
Growth (year on year)
Revenue — +75.2% +51.5% +54.6%
Net income — — <−999% <−999%
Diluted EPS — — <−999% —
Margins
Net margin −14.2% 4.5% −156.1% −119.3%
Cash flow
Cash from operations 290 786 445 46
Stock-based pay 5 8 43 102
Balance sheet
Cash 775 1,226 1,716 1,573
Total debt 0 121 121 120
Net debt (negative = net cash) −775 −1,104 −1,595 −1,453
Diluted shares 166m 200m 190m 198m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Competitors: side by side with peers

Closest by revenue in insurance brokers
Last 12 months unless stated ARX CRD.A HGTY SLQT BWIN EHTH Median
Revenue, last 12 months $1.1bn $1.3bn $1.4bn $1.6bn $1.7bn $502m $1.5bn
Revenue growth, last 12 months 54.6% −3.6% 5.2% 6.0% 18.9% −8.4% 8.7%
Revenue growth, 3-year average — −1.0% 17.1% 17.3% — 8.7% 13.8%
Revenue growth, latest quarter 62.9% −0.9% −6.5% −6.8% 30.1% −44.8% 6.0%
Gross margin — 28.2% — 54.9% — 44.3% 44.3%
Operating margin — — 8.0% 4.6% −6.9% 10.8% 9.4%
Operating margin, 3-year average — — 3.5% 4.6% 0.4% 4.9% 4.9%
Net margin −119.3% 2.0% 4.9% 3.8% −4.7% 5.4% 4.4%
Cash from operations / revenue 4.0% 6.1% 21.4% 2.0% 5.2% −6.1% 10.8%
Free-cash-flow margin 0.5% 5.5% 19.4% 1.7% 2.5% −6.3% 9.5%
Free-cash-flow margin, 3-year average — 5.0% 14.5% 0.6% −2.4% −5.1% 13.7%
Stock pay / revenue 8.9% 0.2% 1.3% 0.9% 4.3% 2.4% 1.5%
Change in share count — 3.1% — 3.5% 23.3% 4.1% 5.7%

Median of all 18 companies we cover in insurance brokers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Underwriting $431M ▲ 26.3%
Exchange Services $335M ▲ 50.4%
MGA Operations $249M ▲ 66.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
North America $510M 55.9% ▲ 27.9%
United Kingdom and European Union $403M 44.1% ▲ 97.9%

From Accelerant Holdings's 10-K filed March 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$761M
Institutions reporting
116
Shares held vs prior quarter
▲ 15.4%
Positions opened / closed
36 / 26

Top buyers and sellers, Q2 2026: 78 institutions bought and 53 sold ; the biggest buyer was FMR LLC (+3.8M shares) and the biggest seller Alliancebernstein L.P (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Security Benefit Life Insurance Co $68.8M 5.9M 9.0% 0.0%
FMR LLC $66M 5.6M 8.7% ▲ 210.6%
Capital World Investors $54.2M 4.6M 7.1% ▼ 10.2%
Keenan Capital, LLC $46.8M 4.0M 6.1% 0.0%
American Century Companies Inc $45.4M 3.9M 6.0% ▲ 21.6%
Gilder Gagnon Howe & Co LLC $43.7M 3.7M 5.7% ▼ 0.3%
Blackrock, Inc. $41M 3.5M 5.4% ▲ 2011.7%
Barings LLC $37.6M 3.1M 4.9% 0.0%
Azora Capital LP $35.7M 3.0M 4.7% ▲ 54.0%
Vanguard Portfolio Management LLC $28.3M 2.4M 3.7% ▲ 14.4%
Jpmorgan Chase & Co $27.5M 2.2M 3.6% ▲ 7.7%
Goldman Sachs Group Inc $23.6M 2.0M 3.1% ▲ 4732.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Accelerant Holdings's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.9M 6 trades by 6 insiders, last 12 months Insider sales History → $21.6M 25 trades by 6 insiders · 100% under pre-set plans
Net ▼ $19.7M net selling
Insider Date Trade Shares Price Value
Meriwether Karen Sue Director August 21, 2026 Sell 542 $19.62 $10,634
Hasley Nancy Director August 13, 2026 Sell pre-set plan 20,489 $19.56 $400,765
Oneill Francis James Co-Founder, Chief U/W Officer August 11, 2026 Sell pre-set plan 89,219 $12.41 $1.1M
Radke Jeffrey L Co-Founder, CEO August 10, 2026 Sell pre-set plan 80,000 $12.09 $967,200
Oneill Francis James Co-Founder, Chief U/W Officer August 10, 2026 Sell pre-set plan 63,616 $12.07 $767,845
Radke Jeffrey L Co-Founder, CEO August 3, 2026 Sell pre-set plan 80,000 $12.06 $964,800
Oneill Francis James Co-Founder, Chief U/W Officer July 28, 2026 Sell pre-set plan 104,647 $14.56 $1.5M
Sternberg Matthew David COO, Risk Exchange July 27, 2026 Sell pre-set plan 17,568 $14.64 $257,196
Radke Jeffrey L Co-Founder, CEO July 27, 2026 Sell pre-set plan 15,223 $14.45 $219,972
Radke Jeffrey L Co-Founder, CEO July 27, 2026 Sell pre-set plan 80,000 $14.63 $1.2M
Oneill Francis James Co-Founder, Chief U/W Officer July 27, 2026 Sell pre-set plan 110,467 $14.63 $1.6M
Radke Jeffrey L Co-Founder, CEO July 20, 2026 Sell pre-set plan 80,000 $13.51 $1.1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 28, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 13, 2026
  • March 18, 2026
  • February 27, 2026
  • November 12, 2025
  • August 28, 2025

Recent SEC filings

Data status

When each part of this page on Accelerant Holdings was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Accelerant Holdings in brief

What does Accelerant Holdings do?
Accelerant Holdings is a US-listed company in the insurance brokers industry. Its financial year ends in December.
What is Accelerant Holdings's stock ticker?
Accelerant Holdings trades under the ticker ARX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Accelerant Holdings's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Accelerant Holdings reported revenue of $1.1B, 54.6% higher than a year earlier, according to its SEC filings.
What is Accelerant Holdings's free cash flow?
Accelerant Holdings's free-cash-flow margin is 0.5% of revenue over the trailing twelve months.
Who are Accelerant Holdings's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Security Benefit Life Insurance Co, FMR LLC and Capital World Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Accelerant Holdings's market cap?
On November 2, 2026, Accelerant Holdings's market capitalisation was about $3.9B and net debt of -$1.5B. Market figures come from third-party market data and may be delayed.
Who are Accelerant Holdings's competitors?
In our Insurance Brokers peer group, the companies closest to Accelerant Holdings are Crawford & Co, Hagerty, Inc., Selectquote, Inc., Baldwin Insurance Group, Inc. and Ehealth, Inc. The side-by-side comparison below sets their revenue, margins and growth against Accelerant Holdings's.
Are insiders buying or selling Accelerant Holdings stock?
Over the last 12 months, Accelerant Holdings's directors and officers reported 6 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Accelerant Holdings's next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Accelerant Holdings announces its own schedule.