secwatch.observer — SEC 8-K summary
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Issuer:     Neptune Insurance Holdings Inc. (NP)
CIK:        0002067129
Form:       8-K
Filed at:   2026-10-20T20:15:51+00:00
Accession:  0001628280-26-066494
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Neptune Insurance Q3 revenue up 34% to $59.6M, net income $17.3M; CFO Steiner to exit after 2026 10-K
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- Q3 revenue $59.6M vs $44.4M a year ago (+34%); net income $17.3M (+50%) at a 29% margin; diluted EPS $0.12, adjusted diluted EPS $0.17.
- Adjusted EBITDA $36.8M (+38%) at a 61.7% margin; adjusted net income $24.3M (+52%); written premium $132.7M (+31%) on record new business sales.
- Raises FY2026 revenue outlook to $204M with Adjusted EBITDA margin above 61%; sets initial 2027 guidance of $238M revenue at a 61% margin.
- Premium in force $450.3M (+32%), policies in force 336,300 (+29%); paid down $25M of revolver debt in Q3, leaving $215M outstanding at 1.7x net leverage.
- CFO Jim Steiner resigned effective after the FY2026 10-K; director Cristian Melej, CFO of Hingham Institution for Savings (HIFS), succeeds him.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026066494/0001628280-26-066494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026066494/np-20261020.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-066494

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