Filing Flows › Neptune Insurance Holdings (NP) › How it makes money
How Neptune Insurance Holdings (NP) makes money
Neptune Insurance Holdings (NP) made $59.6M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Commission income brought in $45.9M (77%); Fee income brought in $13.7M (23%). Of every dollar of revenue, 47¢ was left as operating profit, 29¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commission income | $45.9M | 77.1% | +8% | +35% |
| Fee income | $13.7M | 22.9% | +2% | +31% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $59.6M | 100.0% |
| Operating profit | $28.0M | 46.9% |
| Income tax | $7.5M | 12.5% |
| Net earnings | $17.3M | 29.0% |
| Operating cash flow | $25.9M | 43.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $59.6M | +34% |
| Q2 2026 | $55.9M | +33% |
| Q1 2026 | $37.8M | +29% |
| Q3 2025 | $44.4M | +31% |
From Neptune Insurance Holdings' 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Neptune Insurance Holdings make money?
Neptune Insurance Holdings (NP) made $59.6M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Commission income brought in $45.9M (77%); Fee income brought in $13.7M (23%). Of every dollar of revenue, 47¢ was left as operating profit, 29¢ was left as net earnings.
What is Neptune Insurance Holdings' biggest business?
Commission income: $45.9M in the third quarter 2026, 77% of revenue, +35% from a year earlier.
What is Neptune Insurance Holdings' profit margin?
Net earnings were $17.3M, 29.0% of revenue, in the third quarter 2026; the operating margin was 46.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.