Neptune Insurance Holdings Inc. — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Neptune Insurance Holdings (total assets ~$102M) reported Q3 2026 revenue of $59.6M (up 34% YoY from $44.4M), net income of $17.3M (up 50% YoY from $11.5M), and adjusted EBITDA of $36.8M (up 38% YoY from $26.7M) at 61.7% margin. The company raised full-year 2026 guidance to $204M revenue at >61% adjusted EBITDA margin and set 2027 initial guidance at $238M revenue at 61% margin. Written premium reached $132.7M (up 31% YoY), policies in force 336K (up 29%), premium in force $450M (up 32%), and debt was reduced by $25M to $215M outstanding.
Why this rating
Robust growth (34% revenue, 50% net income) with margin expansion at a small $102M-asset company is meaningful. Raised FY guidance signals confidence. Debt paydown demonstrates cash generation but leverage still 1.7x. Not transformational—company remains pre-scale but trajectory strong.
Price action (we called it positive)
before filing · preread $29.49 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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