Neptune Insurance Holdings Inc. posts third quarter revenue of $44.4 million and net income of $11.5 million
Reuters
Nov 13, 2025
<a href="https://laohu8.com/S/NP">Neptune Insurance Holdings</a> Inc. posts third quarter revenue of $44.4 million and net income of $11.5 million
Neptune Insurance Holdings Inc. reported third quarter 2025 revenue of $44.4 million, a 31.2% increase compared to the same period in 2024. Net income for the quarter was $11.5 million, reflecting a 5% decrease primarily due to IPO expenses, with a net income margin of 26%. Adjusted EBITDA rose 28.6% to $26.7 million, representing a 60% margin. Adjusted Net Income grew 24% to $16.0 million. Written Premium increased 31% to $101.6 million. Technology developments during the quarter included an upgrade to the Triton underwriting system and the deployment of a new machine learning model for optimizing new business quote conversion. At the end of the quarter, Neptune worked with 33 capacity providers across six programs, expanding to 39 providers across seven programs as of October 1, 2025. Revenue per employee for the trailing twelve months was $2.5 million, and Adjusted EBITDA per employee was $1.5 million, with both metrics increasing by roughly 29% and 30% respectively from the prior year period.
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