Neptune Insurance Holdings Inc. (NP) Income Statement
NP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNP revenue and net income
Where NP's revenue goes
2025Each bar shows an amount and its share of revenue. NP kept 23.4% of revenue as net income.
NP profit margins
NP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +33.7% | — | — | — |
| Gross profit | +30.1% | — | — | — |
| Operating income | +16.7% | — | — | — |
| Net income | +8.2% | — | — | — |
| EPS (diluted) | +23.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NP quarterly EPS vs estimates
Neptune Insurance beat the analyst EPS estimate in 3 of the last 5 quarters. Next report: October 20, 2026 (estimate $0.12).
NP income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $159.6M | $119.3M | $84.9M |
| Cost of revenue | $56.5M | $40.1M | $30.4M |
| Gross profit | $103.1M | $79.2M | $54.5M |
| Sales, general & admin | $10.0M | $7.8M | $6.9M |
| Total operating expenses | $23.2M | $10.8M | $9.1M |
| Operating income | $79.9M | $68.4M | $45.4M |
| Interest income | $923,000 | $880,000 | $308,000 |
| Interest expense | $18.2M | $17.5M | $21.3M |
| Income before taxes | $53.6M | $46.4M | $23.9M |
| Income taxes | $16.2M | $11.8M | $6.0M |
| Net income | $37.4M | $34.6M | $17.9M |
| EBITDA | $75.6M | $66.9M | $47.4M |
| EPS (diluted) | $0.32 | $0.26 | $0.19 |
| Gross margin | 64.6% | 66.4% | 64.2% |
| Operating margin | 50.1% | 57.4% | 53.5% |
| Net margin | 23.4% | 29.0% | 21.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.9M | $37.8M | $43.8M | $44.4M | $42.1M | $29.4M | $31.5M | $33.8M |
| Cost of revenue | $16.5M | $11.4M | $15.5M | $1.8M | $14.6M | $10.7M | $10.2M | $11.3M |
| Gross profit | $39.3M | $26.4M | $28.3M | −$1.8M | $27.5M | $18.7M | $21.3M | $22.5M |
| Sales, general & admin | $3.4M | $3.6M | $3.3M | $2.1M | $2.0M | $4.0M | $2.1M | $1.9M |
| Total operating expenses | $12.9M | $13.0M | $14.4M | −$22.5M | $6.2M | $3.0M | $13.1M | $14.0M |
| Operating income | $26.4M | $13.4M | $13.8M | $20.7M | $21.3M | $15.6M | $18.4M | $19.8M |
| Interest income | $262,000 | $165,000 | $226,000 | $281,000 | $247,000 | $169,000 | $201,000 | $256,000 |
| Interest expense | $3.6M | $3.5M | $4.5M | $5.5M | $5.9M | $2.4M | $3.1M | $3.8M |
| Income before taxes | $23.2M | $10.1M | $9.1M | $15.5M | $15.7M | $13.4M | $15.5M | $16.3M |
| Income taxes | $7.4M | $2.7M | $4.8M | $4.0M | $4.0M | $3.5M | — | — |
| Net income | $15.8M | $7.3M | $4.3M | $11.5M | $11.6M | $9.9M | $11.6M | $12.1M |
| EBITDA | $27.8M | $14.6M | $14.5M | $26.6M | $22.4M | $16.7M | — | — |
| EPS (diluted) | $0.10 | $0.09 | $0.11 | $0.11 | $0.10 | — | — | — |
| Gross margin | 70.4% | 70.0% | 64.6% | −4.0% | 65.4% | 63.6% | 67.6% | 66.6% |
| Operating margin | 47.3% | 35.6% | 31.6% | 46.7% | 50.6% | 53.2% | 58.4% | 58.6% |
| Net margin | 28.3% | 19.4% | 9.9% | 25.9% | 27.6% | 33.9% | 36.9% | 35.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NP's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NP financial results
In fiscal year 2025 (ended December 31, 2025), Neptune Insurance reported revenue of $159.6 million, up 33.7% from the year before. It had net income of $37.4 million (up 8.2%), a net profit margin of 23.4%. Diluted earnings per share came to $0.32.
See the NP stock overview for the latest quote and news, or the NP chart for price history and technical indicators.
NP income statement FAQ
What is Neptune Insurance's annual revenue?
Neptune Insurance reported total revenue of $159.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 33.7% from $119.3 million the previous year.
Is Neptune Insurance profitable?
Yes. Neptune Insurance reported net income of $37.4 million in fiscal 2025, a net profit margin of 23.4%; its operating margin was 50.1%.
What is Neptune Insurance's gross margin?
Neptune Insurance's gross margin was 64.6% in fiscal 2025: for every $100 of revenue, Neptune Insurance kept $65 after the direct cost of its products and services.
What are Neptune Insurance's earnings per share?
Neptune Insurance earned $0.32 per diluted share in fiscal 2025, compared with $0.26 a year earlier.
When will Neptune Insurance report its next earnings?
Neptune Insurance is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 after the market closes.
When does Neptune Insurance's fiscal year end?
Neptune Insurance's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.