Filing Flows › Neptune Insurance Holdings (NP) › Q3 2026
Neptune Insurance Holdings (NP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Neptune Insurance Holdings (NP) reported revenue of $59.6M for the third quarter 2026 (Q3 2026), +34% from a year earlier and +7% from the quarter before. Operating margin was 46.9%, net earnings $17.3M (29.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.6M | +7% | +34% |
| Operating profit | $28.0M | +5% | +35% |
| Net earnings | $17.3M | +9% | +50% |
| Operating cash flow | $25.9M | -3% | +62% |
What changed
Revenue was $59.6M in Q3 2026, up 34% year over year and up 7% from the previous quarter. Commission income was the largest line at 77% of revenue. Commission income added $12.0M year over year (up 35%), 79% of the total change.
Operating profit was $28.0M, a 46.9% margin (up 0.3 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 47% margin then. Total costs grew 34% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+66%). Net earnings were $17.3M, up 50% year over year. The effective tax rate was 30.2%.
Operating cash flow was $25.9M (up 62% year over year), 150% of net earnings. Non-cash charges added back $7.0M of share-based compensation. Working capital and other items added $1.6M.
Questions
What was Neptune Insurance Holdings' revenue in the third quarter 2026?
Neptune Insurance Holdings (NP) reported revenue of $59.6M for the third quarter 2026 (Q3 2026), +34% from a year earlier and +7% from the quarter before.
Was Neptune Insurance Holdings profitable in the third quarter 2026?
Operating profit was $28.0M (46.9% of revenue) and net earnings $17.3M.