Filing Flows › Neptune Insurance Holdings (NP) › Q2 2026
Neptune Insurance Holdings (NP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 27, 2026
Neptune Insurance Holdings (NP) reported revenue of $55.9M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +48% from the quarter before. Operating margin was 47.5%, net earnings $15.8M (28.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.9M | +48% | +33% |
| Operating profit | $26.6M | +98% | +25% |
| Net earnings | $15.8M | +115% | +36% |
| Operating cash flow | $26.7M | +60% | +209% |
What changed
Revenue was $55.9M in Q2 2026, up 33% year over year and up 48% from the previous quarter. Commission income was the largest line at 76% of revenue. Commission income added $10.5M year over year (up 33%), 76% of the total change.
Operating profit was $26.6M, a 47.5% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, below the 51% margin then. Total costs grew 41% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+71%). Net earnings were $15.8M, up 36% year over year. The effective tax rate was 31.9%.
Operating cash flow was $26.7M (up 209% year over year), 169% of net earnings. Non-cash charges added back $6.9M of share-based compensation. Working capital and other items added $4.0M.
Questions
What was Neptune Insurance Holdings' revenue in the second quarter 2026?
Neptune Insurance Holdings (NP) reported revenue of $55.9M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +48% from the quarter before.
Was Neptune Insurance Holdings profitable in the second quarter 2026?
Operating profit was $26.6M (47.5% of revenue) and net earnings $15.8M.