Accelerant Holdings (ARX) Income Statement
ARX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsARX revenue and net income
Where ARX's revenue goes
2025Each bar shows an amount and its share of revenue. ARX kept −154.0% of revenue as net income.
ARX profit margins
ARX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +47.1% | +60.4% | — | — |
| Gross profit | +70.5% | +96.4% | — | — |
| Operating income | −4,230.9% | — | — | — |
| Net income | −5,078.3% | — | — | — |
| EPS (diluted) | +2,523.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ARX quarterly EPS vs estimates
Accelerant beat the analyst EPS estimate in 6 of the last 6 quarters. Next report: November 11, 2026 (estimate $0.20).
ARX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $879.5M | $597.7M | $329.7M | $213.1M | $103.2M |
| Cost of revenue | $284.3M | $248.7M | $130.2M | $134.5M | $39.7M |
| Gross profit | $595.2M | $349.0M | $199.5M | $78.6M | $63.5M |
| Sales, general & admin | $1.81B | $262.4M | $198.7M | $121.2M | $65.5M |
| Total operating expenses | $1.92B | $317.0M | $243.4M | $162.9M | $83.5M |
| Operating income | −$1.32B | $32.0M | −$43.9M | −$84.3M | −$20.0M |
| Interest income | $79.0M | $37.2M | $16.7M | $2.0M | $200,000 |
| Interest expense | $69.0M | $32.4M | $15.1M | $4.2M | $2.9M |
| Income before taxes | −$1.32B | $32.0M | −$43.9M | −$84.3M | −$20.0M |
| Income taxes | $23.3M | $9.1M | $20.2M | $11.3M | $4.3M |
| Net income | −$1.35B | $27.2M | −$48.8M | −$91.7M | −$21.5M |
| EBITDA | −$1.22B | $91.0M | −$14.3M | −$74.3M | −$15.5M |
| EPS (diluted) | $3.41 | $0.13 | −$0.26 | — | — |
| Gross margin | 67.7% | 58.4% | 60.5% | 36.9% | 61.5% |
| Operating margin | −150.3% | 5.4% | −13.3% | −39.6% | −19.4% |
| Net margin | −154.0% | 4.6% | −14.8% | −43.0% | −20.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $356.9M | $192.8M | $209.4M | $280.7M | $204.2M | $170.7M | $169.5M | $151.0M | $130.3M | $128.8M | $111.0M |
| Cost of revenue | $106.5M | $81.8M | $78.9M | $73.6M | $69.5M | $62.3M | $75.1M | $62.8M | $59.3M | $51.5M | $25.1M |
| Gross profit | $250.4M | $111.0M | $130.5M | $207.1M | $134.7M | $108.4M | $94.4M | $88.2M | $71.0M | $77.3M | $85.9M |
| Research & development | — | — | — | — | — | — | $4.7M | — | — | — | $1.4M |
| Sales, general & admin | $164.3M | $123.8M | $126.2M | $1.51B | $95.2M | $75.9M | $64.6M | $71.6M | $61.0M | $51.3M | $58.6M |
| Total operating expenses | $191.1M | $109.0M | $132.7M | $1.56B | $112.4M | $92.9M | $71.2M | $86.9M | $75.3M | $65.3M | $60.0M |
| Operating income | $59.3M | $2.0M | −$2.2M | −$1.36B | $22.3M | $15.5M | $23.2M | $1.3M | −$4.3M | $12.0M | $25.9M |
| Interest income | $18.6M | $20.4M | $22.2M | $21.5M | $12.5M | $11.9M | $2.3M | $13.8M | $8.4M | $7.7M | $8.1M |
| Interest expense | $2.4M | $14.1M | $30.9M | $16.2M | $6.9M | $4.2M | $1.5M | $6.6M | $3.0M | $3.0M | $3.9M |
| Income before taxes | $87.4M | $2.0M | −$2.2M | −$1.36B | $22.3M | $15.5M | $23.2M | $1.3M | −$4.3M | $12.0M | −$3.9M |
| Income taxes | $7.4M | $6.1M | −$3.1M | $9.5M | $9.2M | $7.7M | $2.4M | −$8.1M | $4.9M | $9.9M | $6.5M |
| Net income | $78.7M | −$5.2M | −$600,000 | −$1.37B | $8.8M | $6.5M | $21.0M | $8.1M | −$9.0M | $7.1M | −$2.8M |
| EBITDA | $70.1M | $14.5M | $38.2M | −$1.33B | $37.5M | $27.1M | $35.1M | $13.7M | $4.2M | $19.9M | $11.2M |
| EPS (diluted) | $0.32 | $0.17 | $0.23 | $0.39 | $0.14 | $2.65 | — | — | — | — | — |
| Gross margin | 70.2% | 57.6% | 62.3% | 73.8% | 66.0% | 63.5% | 55.7% | 58.4% | 54.5% | 60.0% | 77.4% |
| Operating margin | 16.6% | 1.0% | −1.1% | −483.6% | 10.9% | 9.1% | 13.7% | 0.9% | −3.3% | 9.3% | 23.3% |
| Net margin | 22.1% | −2.7% | −0.3% | −487.6% | 4.3% | 3.8% | 12.4% | 5.4% | −6.9% | 5.5% | −2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ARX's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ARX financial results
In fiscal year 2025 (ended December 31, 2025), Accelerant reported revenue of $879.5 million, up 47.1% from the year before. It had a net loss of $1.4 billion, a net profit margin of −154.0%. Diluted earnings per share came to $3.41.
See the ARX stock overview for the latest quote and news, or the ARX chart for price history and technical indicators.
ARX income statement FAQ
What is Accelerant's annual revenue?
Accelerant reported total revenue of $879.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 47.1% from $597.7 million the previous year.
Is Accelerant profitable?
No. Accelerant reported a net loss of $1.4 billion in fiscal 2025, a net profit margin of −154.0%; its operating margin was −150.3%.
What is Accelerant's gross margin?
Accelerant's gross margin was 67.7% in fiscal 2025: for every $100 of revenue, Accelerant kept $68 after the direct cost of its products and services.
What are Accelerant's earnings per share?
Accelerant earned $3.41 per diluted share in fiscal 2025, compared with $0.13 a year earlier.
When will Accelerant report its next earnings?
Accelerant is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Accelerant's fiscal year end?
Accelerant's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 18, 2026.