Accelerant Holdings (ARX) Stock Analysis
Financial Services · Insurance Brokers · NYSE
Accelerant Holdings (ARX) posted $879.50M in revenue for fiscal 2025 (up 47.1% year over year), with a net loss of $1.35B, and has compounded revenue about 60.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Accelerant Holdings
Accelerant Holdings has grown revenue from $213.10M to $879.50M over the last 4 fiscal years, compounding about 60.4% a year. The most recent year was up 47.1%, so growth has cooled from its longer-run pace.
Net margin sits at -154%, down 158.6 points year over year. It carries about $121.30M of total debt.
At today's valuation the market is pricing in roughly -6% annual free-cash-flow growth. The one thing worth a second look in the filings is currently unprofitable.
Synthesised from Accelerant Holdings's SEC filings — descriptive, not advice. Ask the analyst your own question →
Accelerant Holdings revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $213.10M | $329.70M | $597.70M | $879.50M |
| Gross profit | — | — | — | — |
| Net income | $-91.70M | $-48.80M | $27.20M | $-1.35B |
| Net margin | -43.0% | -14.8% | 4.6% | -154.0% |
Source: Accelerant Holdings SEC filings (10-K).
Accelerant Holdings: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -154.0%).
What growth is priced into ARX stock?
At today's market cap of $3.03B, Accelerant Holdings is priced for free-cash-flow growth of about -6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $403.70M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Accelerant Holdings financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Accelerant Holdings financial history by metric
About Accelerant Holdings
Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. It operates through Exchange Services, MGA Operations, and Underwriting segments. The Exchange Services segment consists of risk exchange, its operating platform that incorporates various technology, data ingestion, and agency operations that serve the needs of its members and risk capital partners. Its Risk capital partners write premiums directly through the Risk Exchange pay us a fixed-percentage, volume-based fee for sourcing, managing, and monitoring the business they write. The MGA Operations segment includes the fees earned by members, predominantly for originating and underwriting a portfolio of insurance policies, reduced by the expenses associated with providing services. The Underwriting segment is involved in underwriting insurance policies and assumption of reinsurance policies issued or accepted by consolidated insurance and reinsurance companies. The activities of insurance companies include property and casualty insurance, policy issuance, and reinsurance arrangements. It serves small-to-medium sized commercial clients primarily in the United States, Europe, Canada, Australia, and the United Kingdom. Accelerant Holdings was founded in 2018 and is based in Grand Cayman, Cayman Islands.
Accelerant Holdings — frequently asked questions
What is Accelerant Holdings's revenue?
Accelerant Holdings (ARX) reported revenue of $879.50M for fiscal year 2025, up 47.1% from the prior year, according to its SEC filings.
Is Accelerant Holdings profitable?
No — ARX reported a net loss of $-1.35B in fiscal 2025.
What is ARX's P/E ratio?
Accelerant Holdings trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Accelerant Holdings growing?
ARX's revenue grew at roughly 60.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Accelerant Holdings have?
As of fiscal year 2025, ARX carried roughly $121.30M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Accelerant Holdings's market cap?
Accelerant Holdings (ARX) has a market capitalization of about $3.03B, based on the latest data in our nightly-refreshed cache.
When does Accelerant Holdings's fiscal year end?
ARX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into ARX stock?
At today's market cap of $3.03B, Accelerant Holdings is priced for free-cash-flow growth of about -6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $403.70M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Accelerant Holdings's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.