Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026)
Neptune Insurance Holdings' (NP) quarterly Operating Expenses came in at $29.3 million in Q2 2026, up 41.13% year-over-year from $20.8 million in Q2 2025, and up 20.4% quarter-over-quarter from $24.4 million in Q1 2026.
Analysis
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 $29.3 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 41.13% year-over-year to $29.3 million; the TTM figure through Jun 2026 stood at $107.8 million (up 74.88% YoY), while the FY2025 annual figure was $88.6 million, up 74.22% from the prior year.
- Operating Expenses came in at $29.3 million for Q2 2026 at Neptune Insurance Holdings, up from $24.4 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.
- Average Operating Expenses over 3 years is $21.2 million, with a median of $22.2 million recorded in 2025.
- Year-over-year, Operating Expenses jumped 132.05% in 2025 and soared 41.13% in 2026.
- Over 3 years, Operating Expenses stood at $13.1 million in 2024, then surged by 132.05% to $30.4 million in 2025, then slipped by 3.64% to $29.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $29.3 million in Q2 2026, $24.4 million in Q1 2026, and $30.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 85.01 Bn | 72.80 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 65.00 Bn | 63.73 Bn | - | 3.33 Bn |
| 3 | Arthur J. Gallagher | 62.74 Bn | 61.35 Bn | - | 3.59 Bn |
| 4 | Willis Towers Watson | 29.53 Bn | 27.87 Bn | 2.09 Bn | 2.10 Bn |
| 5 | Brown & Brown | 22.19 Bn | 21.27 Bn | 1.41 Bn | 1.29 Bn |
| 6 | XChange TEC.INC | 17.23 Bn | 17.23 Bn | - | - |
| 7 | Erie Indemnity | 11.26 Bn | 10.91 Bn | - | 885.67 Mn |
| 8 | Ryan Specialty Holdings | 4.93 Bn | 4.79 Bn | - | 736.33 Mn |
| 9 | Neptune Insurance Holdings | 4.36 Bn | 4.34 Bn | - | 29.32 Mn |
| 10 | Baldwin Insurance | 2.60 Bn | 2.42 Bn | - | 501.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.32 Mn |
| Mar 31, 2026 | 24.35 Mn |
| Dec 31, 2025 | 30.43 Mn |
| Sep 30, 2025 | 23.67 Mn |
| Jun 30, 2025 | 20.78 Mn |
| Mar 31, 2025 | 13.73 Mn |
| Dec 31, 2024 | 13.11 Mn |
| Sep 30, 2024 | 14.01 Mn |