Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026)
Neptune Insurance Holdings (NP) reported Operating Expenses of $24.4 million for Q1 2026, up 77.43% on a YoY basis from $13.7 million in Q1 2025, and down 19.96% sequentially from $30.4 million in Q4 2025.
Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026) Analysis & Trends
Neptune Insurance Holdings (NP) has 3 years of Operating Expenses data on file, last reported at $24.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 77.43% year-over-year to $24.4 million; the trailing twelve-month figure through Mar 2026 stood at $92.2 million (changed N/A YoY), and the FY2025 full-year result was $88.6 million, up 74.22% from the prior year.
- Operating Expenses slipped to $24.4 million in Q1 2026, from $30.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $30.4 million in Q4 2025 to a low of $13.1 million in Q4 2024.
- A 3-year average of $19.9 million and a median of $18.8 million in 2024 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 132.05% in 2025, while the deepest fall reached 68.9% in 2025.
- Tracing NP's Operating Expenses over 3 years: stood at $13.1 million in 2024, then jumped by 132.05% to $30.4 million in 2025, then decreased by 19.96% to $24.4 million in 2026.
- Business Quant data shows NP's Operating Expenses at $24.4 million in Q1 2026, $30.4 million in Q4 2025, and $23.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 643.00 Mn |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 1.37 Bn |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 24.35 Mn |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 271.30 Mn |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | 633.50 Mn |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 Bn | - | 86.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.35 Mn |
| Dec 31, 2025 | 30.43 Mn |
| Sep 30, 2025 | 23.67 Mn |
| Mar 31, 2025 | 13.73 Mn |
| Dec 31, 2024 | 13.11 Mn |
| Sep 30, 2024 | 14.01 Mn |