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Accelerant (ARX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Accelerant (ARX) Q2 2026 earnings results →
Q2 2026 Revenue up 63% year over year to $357M · 22¢ of every $1 of revenue kept as net profit · operating margin 24.5%
Accelerant made $357M in Q2 2026 (+63% Y/Y). Operating margin 24.5%, net earnings $78.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $356.9M in Q2 2026, up 63% year over year and up 31% from the previous quarter.
Operating profit was $87.4M, a 24.5% margin (up 14.3 points year over year). Of the extra revenue versus Q2 2025, 47% reached operating profit, above the 10% margin then. Total costs grew 37% against revenue growth of 63%. The fastest-growing cost line was General & admin (+45%). Net earnings were $78.7M, up 794% year over year. The effective tax rate was 8.5%.
Operating cash flow was −$68.6M. Non-cash charges added back $10.4M of depreciation and amortization and $22.9M of share-based compensation. Working capital and other items used $181.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $357M | +63% | 24.5% | $78.7M | −$68.6M |
| Q1 2026 | 10-Q | May 13, 2026 | $273M | +54% | 0.7% | −$4.1M | −$21.4M |
| Q4 2025 | 10-K | Mar 18, 2026 | $248M | +30% | -0.9% | $900K | $61.9M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $267M | +74% | -507.7% | −$1.4B | $73.9M |
| Q2 2025 | 10-Q | Aug 28, 2025 | $219M | +68% | 10.2% | $8.8M | $218M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Accelerant
To become the preeminent specialty insurance marketplace connecting underwriters and risk capital in a transparent and modern way. We operate a data-driven risk exchange that connects selected specialty insurance underwriters (the “Sellers” on our platform) with Risk Capital Partners (the “Buyers” on our platform). Our Risk Exchange reduces information asymmetries and operational barriers present in the traditional insurance value chain by leveraging proprietary technology to share actionable high-fidelity data and insights with platform participants.
In its own words, from its 10-K, filed Mar 18, 2026.
Accelerant against its Insurance Agents, Brokers & Service peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +63% against the peers' median +8%. Operating margin: 24.5% against the peers' median 18.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ARX Accelerant | Q2 2026 | $357M | +63% | 24.5% |
| MRSH Marsh & McLennan Companies | Q3 2026 | $6.9B | +8% | 17.7% |
| AON Aon | Q3 2026 | $4.1B | +3% | 19.7% |
| AJG Arthur J. Gallagher | Q3 2026 | $4.0B | +18% | 13.0% |
| EQH Equitable Holdings | Q3 2026 | $3.9B | +168% | 35.8% |
| WTW Willis Towers Watson | Q3 2026 | $2.5B | +8% | 17.4% |
| BRO Brown & Brown | Q3 FY27 | $1.7B | +7% | 18.6% |
| ERIE Erie Indemnity | Q3 2026 | $1.1B | +0.3% | 19.4% |
| RYAN Ryan Specialty Holdings | Q3 2026 | $790M | +5% | 17.8% |
Source: Accelerant 10-Q on SEC EDGAR · CIK 1997350 · Insurance Agents, Brokers & Service
More on ARX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results