Neptune Insurance Holdings Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Neptune Insurance Holdings Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
84.9
119
160
General and administrative
6.9
7.76
10
Operating expenses
39.4
50.9
88.6
Operating income
45.4
68.4
71
Interest expense
21.3
17.5
18.2
Interest income
0.31
0.88
0.92
Pre-tax income
23.9
46.4
53.6
Income tax
5.97
11.8
16.2
Net income
17.9
34.6
37.4
EPS, basic
0.10
0.16
-0.26
EPS, diluted
0.10
0.16
-0.26
Shares, basic (weighted)
93.5
93.4
105
Shares, diluted (weighted)
93.5
93.4
105
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
24.3
7.09
8.04
Other current assets
0.45
1.31
Total current assets
35.2
52.5
Goodwill
3.79
3.79
Intangible assets
0.48
0.47
Total assets
48.2
65.3
Accounts payable
7.17
10.1
Accrued liabilities
0.48
0.98
Deferred revenue
11.8
18.9
Short-term debt
8.55
0
Total current liabilities
48.6
52.8
Long-term debt
125
0
Total liabilities
174
293
Total debt
125
0
Paid-in capital
0.34
287
Retained earnings
-366
-514
Shareholders' equity
-388
-366
-227
Total equity
-388
-366
-227
Total liabilities and equity
48.2
65.3
Shares outstanding
93.4
Cash flow statement
FY2023
FY2025
FY2025
Net income
17.9
34.6
37.4
Stock-based compensation
0.04
0.3
11.4
Deferred income tax
-2.19
-0.61
2
Change in payables
1.56
1.87
2.98
Cash from operations
18.6
49.9
51.7
Cash from investing
-4.03
-3.71
-3.98
Stock issued
10
0
0
Share buybacks
-10
0
0
Dividends paid
-339
0
-175
Cash from financing
-9.87
-42.5
-35.2
Net change in cash
4.75
3.75
12.5
Interest paid
20.1
17.1
17.1
Income taxes paid
8.6
7.31
20.2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $27.51 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
40.7%
Operating income / revenue.
Pre-tax margin
31.8%
Pre-tax income / revenue.
Net margin
21.5%
Net income / revenue.
Operating cash flow margin
39.7%
Cash from operations / revenue.
Effective tax rate
32.6%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
38.2%
Net income / average total assets.
Stock-based pay / revenue
13.8%
Stock-based compensation (from the cash flow statement) / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
33.7%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
3.7%
Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
8.2%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-262.5%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
3.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
35.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
11.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.05x
Current assets / current liabilities.
Quick ratio
0.21x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.21x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.24
Revenue / diluted weighted shares.
Operating cash flow per share
$0.49
Cash from operations / diluted weighted shares.
Book value per share
-$1.52
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
96.8x
Market cap / net income. Only when net income is positive.
P/S
20.8x
Market cap / revenue.
P/OCF
52.4x
Market cap / cash from operations, when positive.
EV/Sales
20.7x
Enterprise value / revenue.
EV/EBIT
50.8x
Enterprise value / operating income, when both are positive.
Earnings yield
1.0%
Net income / market cap (the inverse of P/E).
What was Neptune Insurance Holdings Inc.'s revenue in fiscal 2025?
Neptune Insurance Holdings Inc. reported revenue of $159.6M for fiscal 2025, 33.7% higher than the year before.
Was Neptune Insurance Holdings Inc. profitable in fiscal 2025?
Yes. Net income was $37.4M, a net margin of 23.4%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.