Accelerant Holdings (ARX)
NYSE: ARX · Real-Time Price · USD
11.88
+0.68 (6.07%)
Jul 31, 2026, 4:00 PM EDT - Market closed

Accelerant Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,008912.9602.6344219100.6
Revenue Growth
54.51%51.49%75.17%57.08%117.69%-
Gross Profit
767.6708.9435.3263.7119.568.1
Operating Income
55.1-1,31144.1-33-80.1-13.6
Net Income
3.6-1,42527.2-48.8-91.7-21.5
Earnings Per Share
-6.97-7.490.14-0.29-0.55-0.13
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22
Exchange Services Revenues
364.1334.9222.7123.3101.9
MGA Operations
251.9249.1149.7112.159.9
Underwriting
487.4430.9341.1201.3123.4
Corporate and Other
14.315.620.76.13.5
Eliminations
-109.6-117.6-131.6-98.8-69.7
Revenue (Total)
1,008912.9602.6344219

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,7391,8411,338783.4452.3316.4
Total Debt
120.7121.3121.4120.3100.549.9
Net Cash (Debt)
1,6191,7201,216663.1351.8266.5
Net Cash Growth
14.84%41.37%83.44%88.49%32.01%-
Net Cash Per Share
7.579.046.094.002.121.61

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
331.9445.1785.729067.5112.7
Free Cash Flow
331.9445.1785.729067.5112.7
Free Cash Flow Growth
-54.73%-43.35%170.93%329.63%-40.11%-

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
76.14%77.65%72.24%76.66%54.57%67.69%
Operating Margin
5.47%-143.61%7.32%-9.59%-36.58%-13.52%
Pretax Margin
2.41%-144.80%5.31%-12.76%-38.49%-19.98%
Profit Margin
0.89%-147.35%3.80%-18.63%-43.65%-24.25%
FCF Margin
32.92%48.76%130.38%84.30%30.82%112.03%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
15.2825.64----
P/FCF Ratio
-8.15----
PS Ratio
2.723.97----