---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026558"
form_type: "8-K"
ticker: "NP"
cik: "0002067129"
company_name: "Neptune Insurance Holdings Inc."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:57:10.916863+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Q1 revenue +29% to $37.8M, adj. EBITDA +26%; raises FY guidance; authorizes $100M buyback

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-026558
- form_type: 8-K
- ticker: NP
- cik: 0002067129
- company_name: Neptune Insurance Holdings Inc.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067129/000162828026026558/0001628280-26-026558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067129/000162828026026558/np-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026558
- JSON: https://secwatch.observer/filing/0001628280-26-026558.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026558.txt

## Key facts
- Earnings Releases
  Neptune Insurance Holdings Inc. updated its the first quarter ended March 31, 2026 guidance (raised).
  - Period: the first quarter ended March 31, 2026
  - Guidance: raised
  - Result: preliminary results
  source text: On April 22, 2026, Neptune Insurance Holdings Inc. (the “Company”) issued a press release and an earnings presentation announcing its financial results for the first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2067129/000162828026026558/0001628280-26-026558-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.