Neptune Insurance Holdings (NP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Neptune Insurance Holdings reported total assets of $65.30M and total liabilities of $292.79M. Shareholders' equity was negative at −$227.49M, meaning liabilities exceed assets. Total debt stood at $240.00M against $8.04M in cash and short-term investments, a net debt position of $231.96M.

Neptune Insurance Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Neptune Insurance Holdings Inc. (NP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Current Assets
Cash and Cash Equivalents	8.04	7.09	8.13
Cash & Short-Term Investments	8.04	7.09	8.13
Accounts Receivable	0.00	2.61	1.40
Inventory	0.00	0.00	0.00
Other Current Assets	44.43	0.45	0.66
Total Current Assets	52.46	35.23	29.86
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00
Goodwill	3.79	3.79	3.79
Intangible Assets	0.47	6.23	5.55
Other Non-Current Assets	7.78	0.10	0.28
Total Non-Current Assets	12.84	12.93	11.81
Total Assets	65.30	48.15	41.67
Current Liabilities
Accounts Payable	10.14	22.95	5.29
Short-Term Debt	0.00	8.55	1.90
Current Portion of Long-Term Debt	-	8.55	1.90
Accrued Liabilities	0.98	0.48	2.17
Deferred Revenue	0.00	11.81	8.40
Other Current Liabilities	42.65	13.26	11.26
Total Current Liabilities	52.79	48.57	29.11
Non-Current Liabilities
Long-Term Debt	240.00	125.10	172.96
Other Non-Current Liabilities	0.00	240.47	227.20
Total Non-Current Liabilities	240.00	365.57	172.96
Total Liabilities	292.79	173.67	202.07
Stockholders' Equity
Common Stock	0.00	0.00	0.00
Retained Earnings	-514.35	-366.33	-387.64
Additional Paid-in Capital	286.86	0.34	0.04
Shares Outstanding	138.15	135.20	135.20
Total Stockholders' Equity	-227.49	-125.52	-160.40
Total Liabilities & Equity	65.30	48.15	41.67

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 Balance Sheet

How much debt does Neptune Insurance Holdings have?

Neptune Insurance Holdings had total debt of $240.00M as of Dec 31, 2025, against $8.04M in cash and short-term investments. Total debt was $133.65M a year earlier.

What are Neptune Insurance Holdings's total assets?

Neptune Insurance Holdings reported total assets of $65.30M as of Dec 31, 2025, up 35.6% from $48.15M a year earlier. Total liabilities were $292.79M.

What is Neptune Insurance Holdings's shareholders' equity?

Neptune Insurance Holdings's shareholders' equity was negative at −$227.49M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition