Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026)
Neptune Insurance Holdings' (NP) quarterly Operating Expenses came in at $24.4 million in Q1 2026, up 77.43% year-on-year from $13.7 million in Q1 2025, and down 19.96% quarter-over-quarter from $30.4 million in Q4 2025.
Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026) Analysis & Trends
Neptune Insurance Holdings has disclosed Operating Expenses across 3 years of filings, most recently posting $24.4 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $24.4 million, up 77.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $92.2 million (changed N/A YoY), and the FY2025 annual result was $88.6 million, up 74.22% from the prior year.
- Operating Expenses came in at $24.4 million for Q1 2026 at Neptune Insurance Holdings, down 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.
- The 3-year median for Operating Expenses is $18.8 million (2024), against an average of $19.9 million.
- Peak annual rise in Operating Expenses reached 132.05% in 2025, while the deepest fall reached 68.9% in 2025.
- Neptune Insurance Holdings' Operating Expenses stood at $13.1 million in 2024, then surged by 132.05% to $30.4 million in 2025, then slipped by 19.96% to $24.4 million in 2026.
- The last three Operating Expenses figures came in at $24.4 million (Q1 2026), $30.4 million (Q4 2025), and $23.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 78.48 Bn | 66.97 Bn | 5.88 Bn | 5.84 Bn |
| 2 | Aon | 68.22 Bn | 66.83 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 55.14 Bn | 53.75 Bn | - | 3.72 Bn |
| 4 | Willis Towers Watson | 24.26 Bn | 22.48 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 19.77 Bn | 18.79 Bn | 1.61 Bn | 17.00 Mn |
| 6 | XChange TEC.INC | 6.99 Bn | 6.98 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.02 Bn | 4.01 Bn | - | 24.35 Mn |
| 8 | Corvel | 3.00 Bn | 2.66 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Accelerant Holdings | 2.87 Bn | 1.36 Bn | 48.00 Mn | 271.30 Mn |
| 10 | Baldwin Insurance | 1.90 Bn | 2.34 Bn | - | 633.50 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 |