Neptune Insurance Holdings (NP) Income Statement

Neptune Insurance Holdings reported revenue of $159.55M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 33.7% from $119.30M a year earlier. Neptune Insurance Holdings posted a net loss of $27.20M, compared with net income of $34.59M a year earlier. Gross margin was 58.7% and operating margin 44.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $55.87M, up 32.8% from the same quarter a year earlier.

Neptune Insurance Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Neptune Insurance Holdings Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Revenue & Gross Profit
Revenue	159.55	119.30	84.87
Cost of Revenue	65.95	40.07	30.36
Gross Profit	93.60	79.23	54.51
Operating Expenses
Research & Development	0.00	0.00	0.00
Selling, General & Administrative	10.02	7.76	6.90
Operating Expenses	13.74	10.78	9.08
Operating Income	70.96	68.45	45.43
Other Income/Expense
Interest Income	0.92	0.88	0.31
Interest Expense	-18.24	17.52	21.33
Other Income/Expense	-17.32	-5.43	-21.57
Income
Income Before Tax	53.64	46.38	23.86
Income Tax Expense	16.22	11.79	5.97
Net Income	-27.20	34.59	17.89
Net Income - Continuous Operations	37.41	34.59	17.89
Net Income - Discontinued Operations	-	-	-
EBITDA	79.94	66.93	47.37
EBIT	79.87	63.90	45.18
Depreciation & Amortization	0.07	3.03	2.18
Earnings Per Share
Basic EPS	-	-	1.00
Diluted EPS	-	-	1.00
Basic Shares Outstanding	104.50	135.20	9.35
Diluted Shares Outstanding	104.50	135.20	9.35

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Neptune Insurance Holdings Financial Statements

What was Neptune Insurance Holdings's revenue in fiscal 2025?

Neptune Insurance Holdings reported revenue of $159.55M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 33.7% from $119.30M a year earlier.

Is Neptune Insurance Holdings profitable?

No. Neptune Insurance Holdings reported a net loss of $27.20M in fiscal 2025. In fiscal 2024 it earned $34.59M.

What is Neptune Insurance Holdings's operating margin?

Neptune Insurance Holdings's operating income was $70.95M on revenue of $159.55M in fiscal 2025, an operating margin of 44.5%, compared with 57.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition