Neptune Insurance Holdings Inc. (NP) Stock Analysis
Financial Services · Insurance Brokers · NYSE
Neptune Insurance Holdings Inc. (NP) posted $159.55M in revenue for fiscal 2025 (up 33.7% year over year), at a 23.4% net margin, and has compounded revenue about 37.1%/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 Neptune Insurance Holdings Inc.
Neptune Insurance Holdings Inc. has grown revenue from $84.87M to $159.55M over the last 3 fiscal years, compounding about 37.1% a year. The most recent year was up 33.7%, so growth has cooled from its longer-run pace.
Net margin sits at 23.4%, down 5.6 points year over year on a 58.7% gross margin. It carries about $240.00M of total debt.
At today's valuation the market is pricing in roughly 26.4% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Neptune Insurance Holdings Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Neptune Insurance Holdings Inc. revenue & earnings — last 3 fiscal years
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $84.87M | $119.30M | $159.55M |
| Gross profit | $54.51M | $79.23M | $93.60M |
| Net income | $17.89M | $34.59M | $37.41M |
| Net margin | 21.1% | 29.0% | 23.4% |
Source: Neptune Insurance Holdings Inc. SEC filings (10-K).
Neptune Insurance Holdings Inc.: 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.
- Receivables growing faster than salesAccounts receivable rose 58.1% while revenue rose 33.7% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into NP stock?
At today's market cap of $3.72B, Neptune Insurance Holdings Inc. is priced for free-cash-flow growth of about 26.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $47.69M 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 3 years of Neptune Insurance Holdings Inc. 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.
Open the interactive view — freeNeptune Insurance Holdings Inc. financial history by metric
About Neptune Insurance Holdings Inc.
Neptune Insurance Holdings Inc., through its subsidiary, Neptune Flood Incorporated, operates as an insurance agency that engages in selling residential and commercial flood insurance policies on behalf of insurance carrier partners in the United States. The company offers primary and excess flood, parametric earthquake, and indemnity earthquake insurance through a network of agencies. Neptune Insurance Holdings Inc. was founded in 2016 and is based in Saint Petersburg, Florida.
Neptune Insurance Holdings Inc. — frequently asked questions
What is Neptune Insurance Holdings Inc.'s revenue?
Neptune Insurance Holdings Inc. (NP) reported revenue of $159.55M for fiscal year 2025, up 33.7% from the prior year, according to its SEC filings.
Is Neptune Insurance Holdings Inc. profitable?
Yes. NP earned net income of $37.41M in fiscal 2025, a net margin of 23.4%.
What is NP's P/E ratio?
Neptune Insurance Holdings Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Neptune Insurance Holdings Inc. growing?
NP's revenue grew at roughly 37.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Neptune Insurance Holdings Inc. have?
As of fiscal year 2025, NP carried roughly $240.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Neptune Insurance Holdings Inc.'s gross margin?
NP's gross margin was 58.7% in fiscal 2025 — gross profit of $93.60M on revenue of $159.55M.
What is Neptune Insurance Holdings Inc.'s market cap?
Neptune Insurance Holdings Inc. (NP) has a market capitalization of about $3.72B, based on the latest data in our nightly-refreshed cache.
When does Neptune Insurance Holdings Inc.'s fiscal year end?
NP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NP stock?
At today's market cap of $3.72B, Neptune Insurance Holdings Inc. is priced for free-cash-flow growth of about 26.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $47.69M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Neptune Insurance Holdings Inc.'s official SEC filings (10-K and 10-Q), covering 3 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.