Neptune Insurance Holdings Inc. (NP)

NP Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	159.55	119.3	84.87
Revenue Growth (YoY)	33.74%	40.57%	-
Cost of Revenue	65.95	40.07	30.36
Gross Profit	93.6	79.23	54.51
Selling, General & Admin	10.02	7.76	6.9
Amortization of Goodwill & Intangibles	3.71	3.03	2.18
Operating Expenses	13.74	10.78	9.08
Operating Income	79.87	68.45	45.43
Interest Expense	-18.24	-17.52	-21.33
Interest & Investment Income	0.92	0.88	0.31
Other Non Operating Income (Expenses)	-8.91	-	-
EBT Excluding Unusual Items	53.64	51.81	24.41
Other Unusual Items	-	-5.43	-0.56
Pretax Income	53.64	46.38	23.86
Income Tax Expense	16.22	11.79	5.97
Net Income	37.41	34.59	17.89
Preferred Dividends & Other Adjustments	64.61	19.87	8.14
Net Income to Common	-27.2	14.72	9.75
Net Income Growth	8.15%	93.40%	-
Shares Outstanding (Basic)	105	93	94
Shares Outstanding (Diluted)	105	93	94
Shares Change (YoY)	11.95%	-0.18%	-
EPS (Basic)	-0.26	0.16	0.10
EPS (Diluted)	-0.26	0.16	0.10
EPS Growth	-	57.67%	-
Gross Margin	58.67%	66.41%	64.23%
Operating Margin	50.06%	57.37%	53.53%
Profit Margin	-17.04%	12.34%	11.49%
EBITDA	79.94	68.52	45.5
EBITDA Margin	50.10%	57.43%	53.61%
D&A For EBITDA	0.07	0.07	0.07
EBIT	79.87	68.45	45.43
EBIT Margin	50.06%	57.37%	53.53%
Effective Tax Rate	30.25%	25.42%	25.03%
Advertising Expenses	1.86	1.6	1.57

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q