Neptune Insurance Holdings Inc. income statement
In fiscal 2025, Neptune Insurance Holdings Inc. reported revenue of $160m, up 33.7% on the year before, operating income of $71.0m (a 44.5% margin) and net income of $37.4m, or −$0.26 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|
| Revenue | 85 | 119 | 160 | 197 |
| General and administrative | 7 | 8 | 10 | 6 |
| Operating income | 45 | 68 | 71 | 81 |
| Interest expense | 21 | 18 | 18 | 15 |
| Income before tax | 24 | 46 | 54 | 67 |
| Income tax | 6 | 12 | 16 | 22 |
| Net income | 18 | 35 | 37 | 45 |
| Diluted EPS | $0.10 | $0.16 | −$0.26 | $0.31 |
| Diluted shares (average) | 94m | 93m | 105m | 143m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 29 | 42 | 44 | 44 | 38 | 56 | 60 |
| General and administrative | 2 | 3 | 6 | 7 | −5 | 4 | 3 | 4 |
| Operating income | 18 | 16 | 21 | 21 | 13 | 13 | 27 | 28 |
| Interest expense | 3 | 2 | 6 | 6 | 4 | 4 | 4 | 4 |
| Income before tax | 15 | 13 | 16 | 15 | 9 | 10 | 23 | 25 |
| Income tax | 4 | 3 | 4 | 4 | 5 | 3 | 7 | 7 |
| Net income | 12 | 10 | 12 | 12 | 4 | 7 | 16 | 17 |
| Diluted EPS | $0.06 | $0.05 | −$0.49 | $0.06 | $0.08 | $0.05 | $0.11 | $0.12 |
| EBITDA | — | — | — | 22 | — | — | — | — |
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