UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-42878 Neptune Insurance Holdings Inc. (Exact name of registrant as specified in its charter) | Dela ...

Revenue Growth - Third quarter revenue increased by 31.2% to $44.4 million compared to $33.8 million in Q3 2024[1][5] - Revenues for the three months ended September 30, 2025, increased by 31.2% to $44,365,000 compared to $33,820,000 for the same period in 2024[32] - Total revenues for the twelve months ended September 30, 2025, reached $147,287 million, a 34.7% increase from $109,355 million in 2024[40] Net Income and Margins - Net income decreased by 4.8% to $11.5 million, resulting in a net income margin of 26%[4][6] - Net income for the nine months ended September 30, 2025, rose by 43.9% to $33,070,000, up from $22,980,000 in 2024[36] - The company reported a net income margin of 25.9% for the three months ended September 30, 2025, down from 35.8% in 2024[38] - Net income for the same period was $44,682 million, reflecting a 63.2% growth compared to $27,379 million in 2024[40] - The net income margin improved to 30.3%, an increase of 5.3 percentage points from 25.0% in 2024[40] Adjusted EBITDA - Adjusted EBITDA grew by 28.6% to $26.7 million, achieving a margin of 60%[4][6] - Adjusted EBITDA for the three months ended September 30, 2025, was $26,726,000, reflecting a 28.6% increase from $20,781,000 in 2024[38] - Adjusted EBITDA increased to $88,379 million, up 36.1% from $64,955 million year-over-year[40] Premiums and Policy Sales - Written premiums rose by 30.7% to $101.6 million compared to $77.7 million in Q3 2024[5][6] - The company achieved a record new business policy sales, with federally required purchases accounting for under 20% of new business sales[9] - Policy retention rate improved to 86.2%, and premium retention rate increased to 98.7%[10] Expenses and Liabilities - Total operating expenses for the three months ended September 30, 2025, were $23,665,000, a significant increase from $14,011,000 in 2024[32] - Total liabilities rose to $348,299,000 as of September 30, 2025, compared to $173,667,000 at the end of 2024[34] - Corporate transaction-related expenses surged to $8,440 million in 2025 from $101 million in 2024, marking an increase of 8256.4%[40] Employee Metrics - Revenue per employee increased by 29% to $2.5 million, while Adjusted EBITDA per employee grew by 30% to $1.5 million[4][7] - Average number of employees rose to 58,000, a 4.5% increase from 55,500 in 2024[43] - Revenue per employee increased to $2,539, representing a 28.9% rise from $1,970 in 2024[43] Cash and Debt Management - Cash and cash equivalents and fiduciary cash at the end of the period totaled $59,045,000, compared to $43,164,000 at the end of September 2024[36] - The company refinanced its debt into a $260 million revolving credit facility, enhancing capital management flexibility[3][11] Future Outlook - For the full year 2026, the company expects revenue between $186 million and $189 million, with an Adjusted EBITDA margin of 60% to 61%[13] - Adjusted basic earnings per share for the nine months ended September 30, 2025, was $0.31, a 40.9% increase from $0.22 in 2024[46] Other Financial Metrics - Basic net income per share for the three months ended September 30, 2025, remained stable at $0.06, consistent with the same period in 2024[32] - Interest expense decreased to $16,006 million, down 16.6% from $19,188 million in 2024[40] - Adjusted net income for the three months ended September 30, 2025, was $15,988 million, a 24.8% increase from $12,811 million in 2024[45]

Nov 12, 2025 4:15 PM Eastern Standard Time Neptune Insurance Holdings Inc. Reports Third Quarter 2025 Results Share ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Neptune Insurance Holdings Inc. ("Neptune†or the "Company†) (NYSE: NP), the parent company of Neptune Flood Incorporated, today reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from the third quarter of 2024. The Company reported net income of $11.5 million and Adjusted EBITDA of $26.7 million. Adjusted EBITDA increased 28.6% co ...

Neptune Insurance Holdings Inc. (NYSE:NP) uses advanced AI and machine learning for flood and earthquake insurance, avoiding balance sheet risk.The consensus target price for Neptune is $28.71, with Evercore ISI setting a higher target of $35, reflecting optimism about the company's growth potential.Neptune Insurance Holdings Inc. (NYSE:NP) is a specialized managing general agent focusing on flood and parametric earthquake insurance. The company leverages advanced AI and machine learning tools, like "Triton ...

Core Viewpoint - Neptune Insurance Holdings Inc. (NYSE: NP) experienced significant gains on its opening trading day, despite the fact that the shares being traded are merely a resale from existing shareholders [1]. Group 1: Company Performance - The opening day trading for Neptune Insurance Holdings Inc. was marked by healthy gains, indicating strong market interest [1]. Group 2: Investment Opportunities - The investing group "Value In Corporate Events" provides members with opportunities to capitalize on significant corporate events such as IPOs, mergers & acquisitions, and earnings reports, covering 10 major events monthly [1].

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On Thursday, Raymond James Investment Management made its foray into the ETF space with the launch of three new funds. All three funds are actively managed and offer different takes on generating port... ...

Neptune Insurance Holdings Inc. shares jumped 24% after the flood insurance company’s shareholders raised $368.4 million in a US initial public offering.Shares of the St. Petersburg, Florida-based firm closed at $24.80 each on Wednesday, versus an IPO price of $20 apiece. The offering of 18.4 million shares by backers including co-founder Jim Albert, Bregal Sagemount and FTV Capital was marketed in a range of $18 to $20 each. The trading gives Neptune a market value of around $3.4 billion based on the outst ...

Group 1 - Neptune Insurance Holdings Inc. (NYSE:NP) experienced a significant increase of 24% on its first day of trading, indicating strong investor optimism for the company [1][3] - The company raised $368 million during its initial public offering (IPO) by selling 18.4 million shares at a price range of $18 to $20 each [2] - On the first trading day, Neptune Insurance opened at $22.50 and peaked at $25.29, reflecting a rise of up to 26.45% from its IPO price [3] Group 2 - Selling shareholders have provided underwriters with a 30-day option to purchase an additional 2.76 million common shares at the IPO price, excluding underwriting discounts and commissions [3] - Morgan Stanley served as the lead left bookrunner for the IPO, with J.P. Morgan and BofA Securities acting as active bookrunners, supported by several other financial institutions [4]

Company Overview - Neptune Insurance Holdings Inc. is a flood insurance provider making its debut on the New York Stock Exchange (NYSE) under the ticker symbol NP, offering 18.4 million shares with an initial price range of $18.00 to $20.00 [1][5] IPO Details - The company successfully raised $368 million through its initial public offering (IPO), pricing its shares within the marketed range, indicating strong investor interest [2][5] - The capital raised is expected to support Neptune's growth initiatives and enhance its competitive position in the flood insurance market [2] Stock Performance - Currently, NP's stock price is at $31.70, reflecting a decrease of 5.29% or $1.77, with a trading range of $32.95 to $31.05 during the trading day [3] - The stock's volatility is typical for newly listed companies as the market adjusts to its valuation [5] Trading Activity - The trading volume for NYSE:NP is 477,295 shares, indicating active engagement from both institutional and retail investors [4]