Neptune Insurance Holdings, Inc. (NP) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	197.0M	159.6M	119.3M	84.9M
Cost of Revenue	60.8M	56.5M	40.1M	30.4M
Gross Profit	136.2M	103.1M	79.2M	54.5M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	—	10.0M	7.8M	6.9M
General & Admin Expense	—	10.0M	7.8M	6.9M
Selling & Marketing Expense	—	—	—	—
Other Expenses	54.6M	13.2M	3.0M	2.2M
Total Operating Expenses	54.6M	23.2M	10.8M	9.1M
Cost and Expenses	115.3M	79.7M	50.9M	39.4M
Operating Income (EBIT)	81.7M	79.9M	68.4M	45.4M
Non-Operating
Interest Income	982.0K	923.0K	880.0K	308.0K
Interest Expense	15.2M	18.2M	17.5M	21.3M
Net Interest Income	(14.2M)	(17.3M)	(16.6M)	(21.0M)
Other Non-Op Income/Expense	(14.6M)	(26.2M)	(22.1M)	(21.6M)
Non-Operating Income (excl Interest)	(618.0K)	8.0M	4.5M	248.0K
EBT (Pre-Tax Income)	67.1M	53.6M	46.4M	23.9M
Income Tax Expense	22.3M	16.2M	11.8M	6.0M
Bottom Line
Net Income	44.7M	37.4M	34.6M	17.9M
Earnings from Cont. Ops	44.7M	37.4M	34.6M	17.9M
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	44.7M	37.4M	14.7M	9.8M
Per Share
Basic EPS	$0.32	$0.27	$1.58	$1.04
Diluted EPS	$0.31	$0.27	$1.58	$1.04
Revenue Per Share	$1.44	$1.15	$12.78	$9.07
Shares
Basic Shares Outstanding	137.3M	138.2M	9.3M	9.4M
Diluted Shares Outstanding	146.4M	138.2M	9.3M	9.4M
Profitability Metrics
EBITDA	86.3M	75.6M	66.9M	47.4M
D&A	4.0M	3.7M	3.0M	2.2M
EBIT	82.3M	71.9M	63.9M	45.2M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026