Filing Flows › Neptune Insurance Holdings (NP) › Q2 2026 › vs Q2 2025
Neptune Insurance Holdings (NP) Q2 2026 vs Q2 2025 (year over year)
Neptune Insurance Holdings's revenue rose $13.8M (+33%) from $42.1M in Q2 2025 to $55.9M in Q2 2026. The biggest changes: Commission income +$10.5M (+33%); Fee income +$3.3M (+33%). Operating margin 47.5% against 50.6% (-3.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 47.5% | 50.6% | -3.1 pts |
| Net margin | 28.3% | 27.6% | +0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commission income | $42.5M | $32.1M | $10.5M | +33% |
| Fee income | $13.3M | $10.0M | $3.3M | +33% |
| Revenue | $55.9M | $42.1M | $13.8M | +33% |
| Operating profit | $26.6M | $21.3M | $5.3M | +25% |
| Costs & expenses | $29.3M | $20.8M | $8.5M | +41% |
| Pre-tax earnings | $23.2M | $15.7M | $7.5M | +48% |
| Other expense, net | $3.4M | $5.6M | −$2.3M | -40% |
| General & admin | $3.4M | $5.6M | −$2.2M | -40% |
| Other operating costs | $26.0M | $15.2M | $10.8M | +71% |
| Net earnings | $15.8M | $11.6M | $4.2M | +36% |
| Income tax | $7.4M | $4.0M | $3.3M | +83% |
| Share-based compensation | $6.9M | $103K | $6.8M | 67× |
| Working capital & other | $4.0M | −$3.1M | $7.0M | — |
| Operating cash flow | $26.7M | $8.6M | $18.1M | +209% |
Questions
How much did Neptune Insurance Holdings's revenue grow year over year in Q2 2026?
Neptune Insurance Holdings's revenue rose $13.8M (+33%) from $42.1M in Q2 2025 to $55.9M in Q2 2026.
What drove Neptune Insurance Holdings's revenue change in Q2 2026?
Commission income +$10.5M (+33%); Fee income +$3.3M (+33%).