Filing Flows › Neptune Insurance Holdings (NP) › Q2 2026 › vs Q1 2026
Neptune Insurance Holdings (NP) Q2 2026 vs Q1 2026 (quarter over quarter)
Neptune Insurance Holdings's revenue rose $18.1M (+48%) from $37.8M in Q1 2026 to $55.9M in Q2 2026. The biggest changes: Commission income +$13.5M (+46%); Fee income +$4.6M (+52%). Operating margin 47.5% against 35.6% (+12.0 pts).
Neptune Insurance Holdings, Q2 2026: revenue $55.9M (+33% year over year), operating margin 47.5%, net earnings $15.8M, operating cash flow $26.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 47.5% | 35.6% | +12.0 pts |
| Net margin | 28.3% | 19.4% | +8.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Commission income | $42.5M | $29.0M | $13.5M | +46% |
| Fee income | $13.3M | $8.8M | $4.6M | +52% |
| Revenue | $55.9M | $37.8M | $18.1M | +48% |
| Operating profit | $26.6M | $13.4M | $13.1M | +98% |
| Costs & expenses | $29.3M | $24.4M | $5.0M | +20% |
| Pre-tax earnings | $23.2M | $10.1M | $13.1M | +130% |
| Other expense, net | $3.4M | $3.4M | −$2K | -0.1% |
| General & admin | $3.4M | $3.6M | −$229K | -6% |
| Other operating costs | $26.0M | $20.8M | $5.2M | +25% |
| Net earnings | $15.8M | $7.3M | $8.4M | +115% |
| Income tax | $7.4M | $2.7M | $4.7M | +171% |
| Share-based compensation | $6.9M | $6.9M | $69K | +1% |
| Working capital & other | $4.0M | $2.5M | $1.5M | +61% |
| Operating cash flow | $26.7M | $16.7M | $10.0M | +60% |
Questions
How much did Neptune Insurance Holdings's revenue grow quarter over quarter in Q2 2026?
Neptune Insurance Holdings's revenue rose $18.1M (+48%) from $37.8M in Q1 2026 to $55.9M in Q2 2026.
What drove Neptune Insurance Holdings's revenue change in Q2 2026?
Commission income +$13.5M (+46%); Fee income +$4.6M (+52%).