The Neptune Insurance Holdings Inc. (NYSE: NP) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. Neptune has filed Form 8-K reports describing material events such as the announcement of quarterly financial results and the adoption of its second amended and restated certificate of incorporation and bylaws in connection with its initial public offering of Class A common stock.
Through these filings, Neptune identifies itself as an emerging growth company and outlines key aspects of its capital structure and corporate governance. The Form 8-K dated October 7, 2025, for example, describes the filing of its amended and restated certificate of incorporation and bylaws and references the related prospectus for additional detail on its capital stock. Another Form 8-K dated November 12, 2025, furnishes a press release announcing financial results for the quarter ended September 30, 2025.
For investors analyzing Neptune’s business as a data-driven managing general agent, SEC filings complement the company’s press releases by providing formal descriptions of governance documents, offering structure, and status as an emerging growth company. They also reference non-GAAP measures and key performance indicators discussed in accompanying exhibits, such as Adjusted EBITDA, Adjusted Net Income, written premium, and retention metrics.
On Stock Titan, these filings are updated as they are made available through EDGAR, and AI-powered tools summarize the contents to highlight the most important sections. Users can quickly understand what each filing covers, how it relates to Neptune’s MGA model, and where it fits within the company’s broader financial and corporate reporting history.
Neptune Insurance Holdings Inc. is registering 8,355,615 shares of its Class A common stock for resale by existing stockholders. The company is not selling shares in this offering and will not receive proceeds from the selling stockholders.
Neptune plans a concurrent repurchase of 835,561 Class A shares from the underwriters, funded with cash on hand and borrowings under its revolving credit facility. Selling stockholders have also granted underwriters an option to buy up to an additional 1,253,342 shares.
Neptune operates as a data-driven managing general agent focused on flood and related insurance, using AI and machine learning to underwrite policies for capacity providers without taking balance sheet risk. For 2025, it generated $159.6 million in revenue, $37.4 million in net income, and $95.0 million in Adjusted EBITDA, reflecting strong margins. CEO Trevor Burgess controls approximately 84.0% of voting power, making Neptune a controlled company under NYSE rules and an emerging growth company with reduced reporting requirements.
Neptune Insurance Holdings reports solid Q1 2026 growth with a new stock repurchase plan. Revenue rose to $37.8M, up 28.8% year over year, driven by higher written premium and policy renewals. Net income was $7.3M versus $9.9M a year ago, as share-based compensation increased sharply following the IPO. Adjusted EBITDA grew 26.0% to $21.6M, keeping margins above 50%.
Premium in force reached $388.7M and policies in force were 295,029, supported by an 86.2% policy retention rate and 92.9% premium retention. The company continues to operate as a capital-light MGA, using a $260M revolving credit facility with $227M outstanding and $33M available at quarter-end. After quarter close, the board authorized up to $100.0M of Class A share repurchases and the company repaid an additional $5M on the revolver.
Neptune Insurance Holdings Inc. reported strong top-line growth for the first quarter of 2026 and announced a new stock repurchase program. Revenue rose 28.8% to $37.8 million, while net income fell 26.1% to $7.3 million due largely to higher share-based compensation and public company costs.
On a non-GAAP basis, Adjusted net income increased 21.4% to $13.4 million and Adjusted EBITDA grew 26.0% to $21.6 million, for a 57.1% margin. Written premium climbed 26% to $86.7 million, and policies in force reached 295,000 with premium in force of $388.7 million.
The Board approved a stock repurchase program authorizing up to $100 million of Class A common stock buybacks with no set expiration. Management now expects full-year 2026 revenue of $195 million and an Adjusted EBITDA margin between 60% and 61%, reflecting confidence in sustained growth and profitability.
Neptune Insurance Holdings Inc. is soliciting proxies for its 2026 virtual annual meeting on May 28, 2026, at 11:00 a.m. Eastern Time. Stockholders will vote on electing two Class I directors, Trevor Burgess and Jonathan Carlon, and ratifying PricewaterhouseCoopers LLP as independent auditor for 2026.
The proxy details Neptune’s controlled company status, with Trevor Burgess holding approximately 82.1% of total voting power through Class B shares, outlines board and committee structure, and describes significant IPO‑related equity awards and dual‑class ownership for directors and executive officers.
Neptune Insurance Holdings Inc. CEO and Chairman Trevor R. Burgess reported an open-market purchase of 50,000 shares of Class A common stock at an average price of $18.7069 per share. Following this transaction, he directly holds 2,082,964 Neptune Insurance Class A shares.
Neptune Insurance Holdings presents itself as a fast-growing, highly profitable, data-driven managing general agent focused on U.S. flood insurance. The company uses its proprietary AI platforms Triton (underwriting) and Poseidon (policy management) to underwrite policies on behalf of 40 third‑party insurers and reinsurers, so it carries no balance sheet insurance risk or claims obligations.
For the year ended December 31, 2025, Neptune generated $159.6 million in revenue, $37.4 million in net income, and $95.0 million in Adjusted EBITDA, implying a 23.4% net income margin and 59.5% Adjusted EBITDA margin. Organic revenue grew 33.7% year‑over‑year, with premium in force rising to $370.2 million and lifetime written loss ratio to capacity providers held at 24.7% through June 30, 2025.
Management highlights strong retention and scalability: 2025 policy retention was 86.1%, premium retention 98.0%, and revenue retention 91.8%, supported by a lean team of 62 employees and extensive agency distribution. Since inception, Neptune has paid approximately $605.0 million in dividends, contributing to negative book value per share despite robust operating cash flow of $51.7 million in 2025.
Neptune Insurance Holdings Inc. director Michael Warren Vostrizansky bought Class A common stock in the open market. He acquired 23,000 shares at a weighted average price of $21.4963 per share, leaving him with 23,000 shares held directly after the transaction. The purchase was executed through multiple trades within a price range of $21.35 to $21.67 per share.
Neptune Insurance Holdings reported strong growth for 2025, with revenue rising 33.7% to $159.6 million and net income up 8.2% to $37.4 million, a 23.4% margin. Adjusted EBITDA increased 31.8% to $95.0 million, delivering a 59.5% margin.
Fourth quarter revenue grew 38.9% to $43.8 million, while net income fell to $4.3 million, down 62.6%, reflecting $4.6 million of IPO-related expenses and elevated non-cash share-based compensation. Q4 Adjusted EBITDA rose 34.3% to $25.9 million, and adjusted net income was $15.3 million.
Written premium grew 34% for the year to $367.3 million, premium in force reached $370.2 million, and policies in force rose 27% to 280,000. The company posted a Rule of 40 score of 93, with revenue per employee of $2.7 million and Adjusted EBITDA per employee of $1.6 million, highlighting its AI-driven, asset-light MGA model.
Neptune Insurance Holdings Inc. (NP) reported an insider stock purchase by its CFO and Secretary, who is also a director. On 10/02/2025, the insider bought 119,050 shares of Class A Common Stock at $20 per share through a directed share program tied to the company’s initial public offering. Following this transaction, the insider directly beneficially owned 4,384,715 shares of Neptune’s Class A Common Stock.