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Accelerant (ARX) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 13, 2026

Accelerant (ARX) reported revenue of $357M for the second quarter 2026 (Q2 2026), +63% from a year earlier and +31% from the quarter before. Operating margin was 24.5%, net earnings $78.7M (22.1% of revenue).

Revenue$357M
Year over year+63%
Quarter over quarter+31%
Operating margin24.5%
Net earnings$78.7M

Accelerant, Q2 2026: revenue $357M (+63% year over year), operating margin 24.5%, net earnings $78.7M, operating cash flow −$68.6M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$357M+31%+63%
Operating profit$87.4M44×+292%
Net earnings$78.7M—+794%
Operating cash flow−$68.6M—-132%

What changed

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.

Questions

What was Accelerant's revenue in the second quarter 2026?

Accelerant (ARX) reported revenue of $357M for the second quarter 2026 (Q2 2026), +63% from a year earlier and +31% from the quarter before.

Was Accelerant profitable in the second quarter 2026?

Operating profit was $87.4M (24.5% of revenue) and net earnings $78.7M.

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Source: Accelerant 10-Q on SEC EDGAR.