earnings
confidence high
sentiment positive
materiality 0.75
Neptune Q1 revenue +29% to $37.8M, adj. EBITDA +26%; raises FY guidance; authorizes $100M buyback
Neptune Insurance Holdings Inc.
2026-Q1 EPS reported
$0.05
revenue$37,795,000
- Q1 2026 revenue $37.8M (+29% YoY); net income $7.3M (-26%) on $6.9M stock-based comp; adj. net income $13.4M (+21%).
- Adjusted EBITDA $21.6M (+26%); margin 57.1%. Full-year 2026 guidance raised: revenue $195M, adj. EBITDA margin 60-61%.
- Board approved $100M stock repurchase program for Class A common, no expiration date.
- Written premium $86.7M (+26% YoY); premium in force $389M (+32%); policies in force 295,000 (+28%).
- Operating cash flow $16.7M (from $14.3M); debt reduced $13M to $227.0M; net leverage 2.2x.