Filing Flows › Neptune Insurance Holdings (NP) › Q3 2026 › vs Q3 2025
Neptune Insurance Holdings (NP) Q3 2026 vs Q3 2025 (year over year)
Neptune Insurance Holdings's revenue rose $15.2M (+34%) from $44.4M in Q3 2025 to $59.6M in Q3 2026. The biggest changes: Commission income +$12.0M (+35%); Fee income +$3.2M (+31%). Operating margin 46.9% against 46.7% (+0.3 pts).
Neptune Insurance Holdings, Q3 2026: revenue $59.6M (+34% year over year), operating margin 46.9%, net earnings $17.3M, operating cash flow $25.9M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.9% | 46.7% | +0.3 pts |
| Net margin | 29.0% | 25.9% | +3.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commission income | $45.9M | $33.9M | $12.0M | +35% |
| Fee income | $13.7M | $10.4M | $3.2M | +31% |
| Revenue | $59.6M | $44.4M | $15.2M | +34% |
| Operating profit | $28.0M | $20.7M | $7.3M | +35% |
| Costs & expenses | $31.6M | $23.7M | $7.9M | +34% |
| Pre-tax earnings | $24.7M | $15.5M | $9.3M | +60% |
| Other expense, net | $3.2M | $5.2M | −$2.0M | -38% |
| General & admin | $4.1M | $7.1M | −$3.0M | -43% |
| Other operating costs | $27.5M | $16.6M | $11.0M | +66% |
| Net earnings | $17.3M | $11.5M | $5.7M | +50% |
| Income tax | $7.5M | $4.0M | $3.5M | +89% |
| Share-based compensation | $7.0M | $112K | $6.9M | 63× |
| Working capital & other | $1.6M | $3.4M | −$1.8M | -52% |
| Operating cash flow | $25.9M | $16.0M | $9.9M | +62% |
Questions
How much did Neptune Insurance Holdings's revenue grow year over year in Q3 2026?
Neptune Insurance Holdings's revenue rose $15.2M (+34%) from $44.4M in Q3 2025 to $59.6M in Q3 2026.
What drove Neptune Insurance Holdings's revenue change in Q3 2026?
Commission income +$12.0M (+35%); Fee income +$3.2M (+31%).