Complete Filing Data
Neptune Insurance Holdings Inc. reported Stockholders Equity of -$227.49 million for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Neptune Insurance Holdings Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue * | $159.6M | $119.3M | $84.9M |
| Net Income Loss | $37.4M | $34.6M | $17.9M |
| Operating Income Loss | $71.0M | $68.4M | $45.4M |
| Operating Expenses | $88.6M | $50.9M | $39.4M |
| Net Income Loss Available To Common Stockholders Basic | -$27.2M | $14.7M | $9.8M |
| Interest Expense Nonoperating | $18.2M | $17.5M | $21.3M |
| Income Tax Expense Benefit | $16.2M | $11.8M | $6.0M |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | $53.6M | $46.4M | $23.9M |
| General And Administrative Expense | $10.0M | $7.8M | $6.9M |
| Deferred Income Tax Expense Benefit | $2.0M | -$612.0K | -$2.2M |
| Deferred Income Tax Assets Net | $802.0K | $2.8M | |
| Sales Commissions And Fees | $49.1M | $35.3M | $26.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|
| Revenue * | $44.4M | $33.8M | ||||
| Net Income Loss | $11.5M | $11.6M | $9.9M | $12.1M | $6.3M | $4.6M |
| Operating Income Loss | $20.7M | $19.8M | ||||
| Operating Expenses | $23.7M | $14.0M | ||||
| Net Income Loss Available To Common Stockholders Basic | $5.5M | $6.0M | ||||
| Interest Expense Nonoperating | $5.5M | $3.8M | ||||
| Income Tax Expense Benefit | $4.0M | $4.2M | ||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | $15.5M | $16.3M | ||||
| General And Administrative Expense | $2.1M | $1.9M | ||||
| Deferred Income Tax Expense Benefit | ||||||
| Deferred Income Tax Assets Net | $3.0M | |||||
| Sales Commissions And Fees |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Stockholders Equity | -$227.5M | -$366.0M | -$387.6M | -$58.4M |
| Temporary Equity Accretion To Redemption Value | $10.4M | $13.3M | $8.1M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $40.5M | $28.1M | $24.3M | $19.6M |
| Redeemable Preferred Stock Dividends | $54.2M | $0.00 | $0.00 | |
| Temporary Equity Carrying Amount Attributable To Parent | $0.00 | $240.5M | $227.2M | $0.00 |
| Change In Fiduciary Liabilities | $12.8M | $5.4M | $5.4M | |
| Cash Equivalents At Carrying Value | $8.0M | $7.1M | $8.1M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | $12.5M | $3.7M | $4.8M | |
| Amortization Of Deferred Financing Costs | $632.0K | $905.0K | $1.2M | |
| Amortization Of Deferred Charges | $3.7M | $3.0M | $2.2M | |
| Taxes Payable Current | $0.00 | $4.8M | ||
| Retained Earnings Accumulated Deficit | -$514.4M | -$366.3M | ||
| Prepaid Expense And Other Assets Current | $1.3M | $452.0K | ||
| Long Term Debt Noncurrent | $0.00 | $125.1M | ||
| Liabilities Current | $52.8M | $48.6M | ||
| Liabilities And Stockholders Equity | $65.3M | $48.2M | ||
| Liabilities | $292.8M | $173.7M | ||
| Intangible Assets Net Excluding Goodwill | $466.0K | $476.0K | ||
| Goodwill | $3.8M | $3.8M | ||
| Gains Losses On Extinguishment Of Debt | $0.00 | -$5.4M | -$556.0K | |
| Dividends Common Stock Cash | $175.0M | $339.0M | ||
| Cash And Cash Equivalents At Carrying Value | $8.0M | $7.1M | ||
| Assets Current | $52.5M | $35.2M | ||
| Assets | $65.3M | $48.2M | ||
| Accrued Sales Commission Current | $3.8M | $2.5M | ||
| Accrued Liabilities Current | $977.0K | $475.0K | ||
| Accretion Adjustment To Redeemable Preferred Stock | ||||
| Accounts Payable Current | $10.1M | $7.2M | ||
| Temporary Equity Liquidation Preference | $249.6M | |||
| Temporary Equity Accretion To Redemption Value Adjustment | $10.4M | $13.3M | $8.1M | |
| Restricted Cash | $32.5M | $21.0M | $16.2M | |
| Reclassification Of Unamortized Deferred Financing Fees To Deferred Financing Asset | $1.3M | $0.00 | $0.00 | |
| Preferred Stock Dividends Income Statement Impact | $0.00 | $6.6M | $0.00 | |
| Preferred Stock Dividends And Other Adjustments |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|
| Stockholders Equity | -$509.5M | -$526.1M | -$359.3M | -$374.3M | -$383.1M | -$386.1M |
| Temporary Equity Accretion To Redemption Value | $3.6M | $3.5M | $3.4M | $3.4M | $3.3M | $3.2M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $59.0M | $43.2M | ||||
| Redeemable Preferred Stock Dividends | $0.00 | $0.00 | ||||
| Temporary Equity Carrying Amount Attributable To Parent | $250.9M | |||||
| Change In Fiduciary Liabilities | ||||||
| Cash Equivalents At Carrying Value | $12.2M | $11.6M | ||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | ||||||
| Amortization Of Deferred Financing Costs | ||||||
| Amortization Of Deferred Charges | ||||||
| Taxes Payable Current | $1.0M | |||||
| Retained Earnings Accumulated Deficit | -$518.7M | |||||
| Prepaid Expense And Other Assets Current | $638.0K | |||||
| Long Term Debt Noncurrent | $247.6M | |||||
| Liabilities Current | $85.1M | |||||
| Liabilities And Stockholders Equity | $89.6M | |||||
| Liabilities | $348.3M | |||||
| Intangible Assets Net Excluding Goodwill | $486.0K | |||||
| Goodwill | $3.8M | |||||
| Gains Losses On Extinguishment Of Debt | ||||||
| Dividends Common Stock Cash | $175.0M | |||||
| Cash And Cash Equivalents At Carrying Value | $12.2M | |||||
| Assets Current | $76.3M | |||||
| Assets | $89.6M | |||||
| Accrued Sales Commission Current | $5.0M | |||||
| Accrued Liabilities Current | $1.5M | |||||
| Accretion Adjustment To Redeemable Preferred Stock | $3.6M | $3.4M | ||||
| Accounts Payable Current | $11.2M | |||||
| Temporary Equity Liquidation Preference | $259.0M | |||||
| Temporary Equity Accretion To Redemption Value Adjustment | ||||||
| Restricted Cash | ||||||
| Reclassification Of Unamortized Deferred Financing Fees To Deferred Financing Asset | ||||||
| Preferred Stock Dividends Income Statement Impact | ||||||
| Preferred Stock Dividends And Other Adjustments | $2.5M | $2.7M |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Employee Benefits And Share Based Compensation | $16.9M | $4.8M | $4.3M |
| Share Based Compensation | $11.4M | $296.0K | $41.0K |
| Payments To Develop Software | $3.9M | $3.7M | $4.0M |
| Payments Of Financing Costs | $939.0K | $3.7M | $3.0M |
| Net Cash Provided By Used In Operating Activities | $51.7M | $49.9M | $18.6M |
| Net Cash Provided By Used In Investing Activities | -$4.0M | -$3.7M | -$4.0M |
| Net Cash Provided By Used In Financing Activities | -$35.2M | -$42.5M | -$9.9M |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $857.0K | -$212.0K | $274.0K |
| Increase Decrease In Accrued Liabilities | $511.0K | $413.0K | -$1.6M |
| Increase Decrease In Accrued Income Taxes Payable | -$4.8M | $4.7M | -$54.0K |
| Proceeds From Stock Options Exercised | $15.7M | $0.00 | $0.00 |
| Payments To Acquire Intangible Assets | $63.0K | $0.00 | $0.00 |
| Increase Decrease In Income Taxes Receivable | $1.2M | -$462.0K | $412.0K |
| Proceeds From Reimbursement Of Initial Public Offering Transaction Costs | $8.5M | $0.00 | $0.00 |
| Proceeds From Lines Of Credit | $251.0M | $0.00 | $0.00 |
| Proceeds From Issuance Of Redeemable Convertible Preferred Stock | $0.00 | $0.00 | $219.1M |
| Proceeds From Issuance Of Common Stock | $0.00 | $0.00 | $10.0M |
| Payments Of Ordinary Dividends | $175.0M | $0.00 | $339.0M |
| Payments For Repurchase Of Equity | $0.00 | $0.00 | $10.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q3 2024 |
|---|---|---|
| Employee Benefits And Share Based Compensation | $1.8M | $1.3M |
| Share Based Compensation | ||
| Payments To Develop Software | ||
| Payments Of Financing Costs | ||
| Net Cash Provided By Used In Operating Activities | ||
| Net Cash Provided By Used In Investing Activities | ||
| Net Cash Provided By Used In Financing Activities | ||
| Increase Decrease In Prepaid Deferred Expense And Other Assets | ||
| Increase Decrease In Accrued Liabilities | ||
| Increase Decrease In Accrued Income Taxes Payable | ||
| Proceeds From Stock Options Exercised | ||
| Payments To Acquire Intangible Assets | ||
| Increase Decrease In Income Taxes Receivable | ||
| Proceeds From Reimbursement Of Initial Public Offering Transaction Costs | ||
| Proceeds From Lines Of Credit | ||
| Proceeds From Issuance Of Redeemable Convertible Preferred Stock | ||
| Proceeds From Issuance Of Common Stock | ||
| Payments Of Ordinary Dividends | ||
| Payments For Repurchase Of Equity |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 104.5M | 93.4M | 93.5M | |
| Weighted Average Number Of Diluted Shares Outstanding | 104.5M | 93.4M | 93.5M | |
| Earnings Per Share Diluted | $-0.26 | $0.16 | $0.10 | |
| Earnings Per Share Basic | $-0.26 | $0.16 | $0.10 | |
| Temporary Equity Shares Outstanding | 0.00 | 41.9M | 41.9M | 0.00 |
| Temporary Equity Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | |
| Temporary Equity Shares Issued | 0.00 | 41.9M | ||
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 93.4M | 93.4M | |
| Weighted Average Number Of Diluted Shares Outstanding | 97.3M | 93.4M | |
| Earnings Per Share Diluted | $0.06 | $0.06 | |
| Earnings Per Share Basic | $0.06 | $0.06 | |
| Temporary Equity Shares Outstanding | 41.9M | ||
| Temporary Equity Par Or Stated Value Per Share | $0.00 | ||
| Temporary Equity Shares Issued | 41.9M | ||
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value | $11.4M | $296.0K | $41.0K |
| Investment Income Interest | $923.0K | $880.0K | $308.0K |
| Depreciation And Amortization | |||
| Capitalized Computer Software Net | $6.0M | $5.8M | |
| Agent Commissions | |||
| Interest Paid Net | $17.1M | $17.1M | $20.1M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|
| Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value | $112.0K | $104.0K | $83.0K | $75.0K | $71.0K | $71.0K |
| Investment Income Interest | $281.0K | $256.0K | ||||
| Depreciation And Amortization | $948.0K | $782.0K | ||||
| Capitalized Computer Software Net | $5.9M | |||||
| Agent Commissions | $13.8M | $10.0M | ||||
| Interest Paid Net |
Most recent annual filing with the SEC: February 26, 2026
Data sourced from SEC EDGAR public filings as of August 8, 2026.