Filing Flows › Accelerant (ARX) › Q2 2026 › vs Q1 2026
Accelerant (ARX) Q2 2026 vs Q1 2026 (quarter over quarter)
Accelerant's revenue rose $83.6M (+31%) from $273M in Q1 2026 to $357M in Q2 2026. Operating margin 24.5% against 0.7% (+23.8 pts).
Accelerant, Q2 2026: revenue $357M (+63% year over year), operating margin 24.5%, net earnings $78.7M, operating cash flow −$68.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.5% | 0.7% | +23.8 pts |
| Net margin | 22.1% | -1.9% | +24.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $357M | $273M | $83.6M | +31% |
| Operating profit | $87.4M | $2.0M | $85.4M | 44× |
| Costs & expenses | $270M | $271M | −$1.8M | -0.7% |
| Pre-tax earnings | $87.4M | $2.0M | $85.4M | 44× |
| General & admin | $130M | $124M | $5.7M | +5% |
| Other operating costs | $140M | $148M | −$7.5M | -5% |
| Net earnings | $78.7M | −$5.2M | $83.9M | — |
| Minority interests | $1.3M | $1.1M | $200K | +18% |
| Income tax | $7.4M | $6.1M | $1.3M | +21% |
| Operating cash sources | $181M | $55.0M | $126M | +228% |
| Depreciation & amortization | $10.4M | $10.0M | $400K | +4% |
| Share-based compensation | $22.9M | $28.8M | −$5.9M | -20% |
| Cash used in operations | $68.6M | $21.4M | $47.2M | +221% |
| Working capital & other | $181M | $55.0M | $126M | +228% |
Questions
How much did Accelerant's revenue grow quarter over quarter in Q2 2026?
Accelerant's revenue rose $83.6M (+31%) from $273M in Q1 2026 to $357M in Q2 2026. Operating margin 24.5% against 0.7% (+23.8 pts).