Filing Flows › Accelerant (ARX) › Q3 2025
Accelerant (ARX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Accelerant (ARX) reported revenue of $267M for the third quarter 2025 (Q3 2025), +74% from a year earlier and +22% from the quarter before. Operating margin was -507.7%, net loss $1.4B (511.2% of revenue).
Accelerant, Q3 2025: revenue $267M (+74% year over year), operating margin -507.7%, net loss $1.4B, operating cash flow $73.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | +22% | +74% |
| Operating profit | −$1.4B | -6187% | — |
| Net earnings | −$1.4B | -15634% | — |
| Operating cash flow | $73.9M | -66% | -73% |
What changed
Revenue was $267.4M in Q3 2025, up 74% year over year and up 22% from the previous quarter.
Operating costs exceeded revenue by $1,357.5M, an operating margin of -507.7%. Total costs grew 966% against revenue growth of 74%. The fastest-growing cost line was Other operating costs (+1673%). The quarter ended with a net loss of $1,367.0M, after a profit of $13.1M the previous quarter.
Operating cash flow was $73.9M (down 73% year over year). Non-cash charges added back $10.0M of depreciation and amortization and $17.2M of share-based compensation. Working capital and other items added $1,413.7M.
Questions
What was Accelerant's revenue in the third quarter 2025?
Accelerant (ARX) reported revenue of $267M for the third quarter 2025 (Q3 2025), +74% from a year earlier and +22% from the quarter before.
Was Accelerant profitable in the third quarter 2025?
Operating loss was $1.4B (-507.7% of revenue) and net loss $1.4B.
Source: Accelerant 10-Q on SEC EDGAR.