Earnings summaries and quarterly performance for Neptune Insurance Holdings.
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Neptune Insurance Holdings Inc. Reports Third Quarter 2025 Results
NP
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Neptune Insurance Holdings Inc. reported revenue of $44.4 million for the third quarter of 2025, representing a 31.2% increase from the third quarter of 2024.
- Net income for Q3 2025 was $11.5 million, a 4.8% decrease compared to the same period in 2024, primarily driven by $5.0 million in IPO expenses.
- Adjusted EBITDA grew by 28.6% to $26.7 million in the third quarter of 2025.
- The company's Written Premium increased by 31% to $101.6 million in Q3 2025.
- Following the quarter end, the company refinanced its debt into a $260 million revolving facility.
Nov 12, 2025, 9:31 PM
Neptune Insurance Holdings Inc. Files Amended Charter and Bylaws in Connection with IPO
NP
Board Change
- Neptune Insurance Holdings Inc. filed its second amended and restated certificate of incorporation and its second amended and restated bylaws became effective on October 2, 2025, in connection with the closing of its initial public offering (IPO) of Class A common stock.
- The company's authorized capital stock consists of 500,000,000 shares, including 480,000,000 shares of common stock (comprising 428,422,036 Class A Common Stock and 51,577,964 Class B Common Stock) and 20,000,000 shares of Preferred Stock.
- The common stock features a dual-class structure, where each share of Class A Common Stock carries one (1) vote and each share of Class B Common Stock carries ten (10) votes.
- The Board of Directors is classified into three classes with staggered terms, and directors can only be removed for cause by an affirmative vote of at least two-thirds (2/3) of the voting power of the outstanding capital stock.
Oct 7, 2025, 8:15 PM
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