Growth Metrics

Accelerant Holdings (ARX) Cost of Revenue (2024 - 2026)

Accelerant Holdings posted quarterly Cost of Revenue of $81.8 million for Q1 2026, up 80.97% year-on-year from $45.2 million in Q1 2025, and up 44.27% on a QoQ basis from $56.7 million in Q4 2025.

Accelerant Holdings (ARX) has 3 years of Cost of Revenue data on file, last reported at $81.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 80.97% year-over-year to $81.8 million; the trailing twelve-month figure through Mar 2026 stood at $240.6 million (up 30.9% YoY), and the FY2025 full-year result was $204.0 million, up 21.94% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $81.8 million, up from $56.7 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $81.8 million in Q1 2026 and bottomed at $39.7 million in Q3 2024.
  • The 3-year median for Cost of Revenue is $51.0 million (2025), against an average of $53.0 million.
  • The widest annual swing landed in 2025, when Cost of Revenue climbed 1.8%; it then soared 80.97% in 2026.
  • A 3-year view of Cost of Revenue shows it stood at $55.7 million in 2024, then gained by 1.8% to $56.7 million in 2025, then jumped by 44.27% to $81.8 million in 2026.
  • The last three Cost of Revenue figures came in at $81.8 million (Q1 2026), $56.7 million (Q4 2025), and $50.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Aon 69.60 Bn 68.21 Bn - -
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - -
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 385.00 Mn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 289.00 Mn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 81.80 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 180.71 Mn
8 Baldwin Insurance 1.84 Bn 2.28 Bn - -
9 Goosehead Insurance 1.01 Bn 899.53 Mn - -
10 Twfg 279.02 Mn 351.22 Mn - -

Historic Data

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DateValue
Mar 31, 2026 81.80 Mn
Mar 31, 2026 81.80 Mn
Dec 31, 2025 56.70 Mn
Dec 31, 2025 56.70 Mn
Sep 30, 2025 50.80 Mn
Sep 30, 2025 50.80 Mn
Jun 30, 2025 51.30 Mn
Jun 30, 2025 51.30 Mn
Mar 31, 2025 45.20 Mn
Mar 31, 2025 45.20 Mn
Dec 31, 2024 55.70 Mn
Dec 31, 2024 55.70 Mn
Sep 30, 2024 39.70 Mn
Sep 30, 2024 39.70 Mn
Jun 30, 2024 43.20 Mn
Jun 30, 2024 43.20 Mn