Filing Flows › Accelerant (ARX) › Q2 2025
Accelerant (ARX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 28, 2025
Accelerant (ARX) reported revenue of $219M for the second quarter 2025 (Q2 2025), +68% from a year earlier and +23% from the quarter before. Operating margin was 10.2%, net earnings $8.8M (4.0% of revenue).
Accelerant, Q2 2025: revenue $219M (+68% year over year), operating margin 10.2%, net earnings $8.8M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +23% | +68% |
| Operating profit | $22.3M | +44% | — |
| Net earnings | $8.8M | +35% | — |
| Operating cash flow | $218M | +137% | — |
What changed
Revenue was $219.1M in Q2 2025, up 68% year over year and up 23% from the previous quarter.
Operating profit was $22.3M, a 10.2% margin (up 13.5 points year over year). Total costs grew 46% against revenue growth of 68%. The fastest-growing cost line was General & admin (+54%). Net earnings were $8.8M. The effective tax rate was 41.3%.
Operating cash flow was $217.5M, 1660% of net income including minority interests. Non-cash charges added back $8.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $193.1M.
Questions
What was Accelerant's revenue in the second quarter 2025?
Accelerant (ARX) reported revenue of $219M for the second quarter 2025 (Q2 2025), +68% from a year earlier and +23% from the quarter before.
Was Accelerant profitable in the second quarter 2025?
Operating profit was $22.3M (10.2% of revenue) and net earnings $8.8M.
Source: Accelerant 10-Q on SEC EDGAR.