secwatch.observer — SEC 8-K summary
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Issuer:     Neptune Insurance Holdings Inc. (NP)
CIK:        0002067129
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001628280-26-026558
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026026558/0001628280-26-026558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026026558/np-20260422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer