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Neptune Insurance Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$25.9M in Q3 2026 · $82.0M over twelve months

Operating cash flow$25.9M
Free cash flow+$25.9M
Cash / net income1.5×

Analysis

In Q3 2026, Neptune Insurance Holdings generated $25.9M of operating cash flow. That is $9.9M more than in Q3 2025 ($16.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $82.0M; the largest uses were net borrowing (+) / repaid (−) ($60.0M), other investing ($4.3M); besides operations, cash came from shares issued ($1.0M), other financing ($92K); the cash balance rose by $18.9M.

Operating cash flow was $25.9M against net income of $17.3M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$7.0M, payables +$2.8M, deferred taxes +$466K.

Free cash flow

Neptune Insurance Holdings: free cash flow by quarterNeptune Insurance Holdings: free cash flow by quarter$14.7MQ4 2024$14.3MQ1 2025$8.6MQ2 2025$16.0MQ3 2025$12.8MQ4 2025$16.7MQ1 2026$26.7MQ2 2026$25.9MQ3 2026
Operating cash flow less capital spending.
Neptune Insurance Holdings: operating cash flow against capital spendingNeptune Insurance Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$14.7M$0Q4 2024$14.3M$0Q1 2025$8.6M$0Q2 2025$16.0M$0Q3 2025$12.8M$0Q4 2025$16.7M$0Q1 2026$26.7M$0Q2 2026$25.9M$0Q3 2026
Latest (Q3 2026): Operating cash flow $25.9M, Capital spending $0.

Capital allocation, year by year

Neptune Insurance Holdings: where the cash came from (up) and went (down), by fiscal yearNeptune Insurance Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedBuybacksDividendsFY2023: Operating cash flow $18.6MFY2023: Shares issued $10.0MFY2023: Buybacks −$10.0MFY2023: Dividends −$339M$28.6MFY2023FY2024: Operating cash flow $49.9M$49.9MFY2024FY2025: Operating cash flow $51.7MFY2025: Net borrowing $240MFY2025: Shares issued $15.7MFY2025: Dividends −$175M$307MFY2025
Over these 3 years operating cash flow totalled $120M; the largest uses were dividends ($514M) and buybacks ($10.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$17.4M
Debt$248M
Net debt$230M

Neptune Insurance Holdings funds itself: free cash flow was $82.0M over the last twelve months, and $17.4M of cash and investments stands against $248M of debt.

Where the cash came from and went

Neptune Insurance Holdings: sources (+) and uses (−) of cash, Q3 2026Neptune Insurance Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$25.9MNet borrowing (+) / repaid (−)−$25.0MOther investing−$1.1MOther financing$1.0MTaxes on employees’ shares$986KShares issued−$935KCash drawn (+) / kept (−)−$894KBuybacks−$4K
Neptune Insurance Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Neptune Insurance Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$82.0MNet borrowing (+) / repaid (−)−$60.0MCash drawn (+) / kept (−)−$18.9MOther investing−$4.3MShares issued$1.0MOther financing$92K

From profit to cash

Neptune Insurance Holdings: net income to operating cash flow, Q3 2026Neptune Insurance Holdings: net income to operating cash flow, Q3 2026Net income$17.3MStock-based pay$7.0MDeferred taxes$466KPayables$2.8MAccrued liabilities−$41KPrepaid and other assets−$56KIncome taxes payable−$75KOperating cash flow$25.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$25.9M−$4K−$25.0M−$935K−$894K$25.9M
Q2 2026$26.7M—−$11.0M$790K−$16.7M$26.7M
Q1 2026$16.7M—−$13.0M$1.0M−$19.8M$16.7M
Q4 2025$12.8M—$240M$649K$18.5M$12.8M
Q3 2025$16.0M——$20.6M−$593K$16.0M
Q2 2025$8.6M——$2.9M−$5.8M$8.6M
Q1 2025$14.3M—−$4.0M$530K−$24.6M$14.3M
Q4 2024$14.7M———$15.1M$14.7M

Neptune Insurance Holdings: income statement and cash flow

Neptune Insurance Holdings, Q3 2026: revenue $59.6M (+34% year over year), operating margin 46.9%. The chart follows the revenue to costs, profit and cash.

Neptune Insurance Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.