Accelerant Holdings (ARX)

NYSE: ARX · Real-Time Price · USD

19.59

+0.02 (0.10%)

At close: Aug 21, 2026, 4:00 PM EDT

19.55

-0.04 (-0.20%)

After-hours: Aug 21, 2026, 7:30 PM EDT

Accelerant Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,072	856.3	561.8	324.2	220.3	101.2
Revenue Growth	55.32%	52.42%	73.29%	47.16%	117.69%	-
Gross Profit	697.3	572	313.1	194	85.8	61.5
Operating Income	70.7	58.5	1.7	-49.3	-72.6	-7.9
Net Income	-1,367	-1,425	27.2	-48.8	-91.7	-21.5
Earnings Per Share	-6.29	-7.49	0.14	-0.29	-46.33	-10.86
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Exchange Services Revenues	390.2	334.9	222.7	123.3	101.9
MGA Operations	263.9	249.1	149.7	112.1	59.9
Underwriting	511.1	430.9	341.1	201.3	123.4
Corporate and Other	15.2	15.6	20.7	6.1	3.5
Eliminations	-87.5	-117.6	-131.6	-98.8	-69.7
Revenue (Total)	1,146	912.9	602.6	344	219

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,658	1,758	1,291	783.4	450.7	287.2
Total Debt	120.1	121.3	121.4	120.3	100.5	49.9
Net Cash (Debt)	1,538	1,637	1,169	663.1	350.2	237.3
Net Cash Growth	15.60%	39.98%	76.31%	89.35%	47.58%	-
Net Cash Per Share	7.08	8.60	5.86	4.00	176.93	119.89

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	45.8	445.1	785.7	290	67.5	112.7
Free Cash Flow	45.8	445.1	785.7	290	67.5	112.7
Free Cash Flow Growth	-94.47%	-43.35%	170.93%	329.63%	-40.11%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	65.06%	66.80%	55.73%	59.84%	38.95%	60.77%
Operating Margin	6.60%	6.83%	0.30%	-15.21%	-32.95%	-7.81%
Pretax Margin	-125.15%	-162.65%	5.70%	-13.54%	-38.27%	-19.86%
Profit Margin	-127.54%	-166.41%	4.84%	-15.05%	-41.63%	-21.25%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 22, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	22.81	25.64	-	-	-	-
PS Ratio	3.97	4.24	-	-	-	-