Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026)
Neptune Insurance Holdings recorded quarterly Operating Expenses of $24.4 million in Q1 2026, down 19.96% quarter-over-quarter from $30.4 million in Q4 2025, and up 77.43% year-over-year from $13.7 million in Q1 2025.
Neptune Insurance Holdings' Operating Expenses history runs 3 years deep, the most recent figure standing at $24.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 77.43% year-over-year to $24.4 million; the TTM figure through Mar 2026 stood at $92.2 million (changed N/A YoY), while the FY2025 annual figure 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.
- A 3-year average of $19.9 million and a median of $18.8 million in 2024 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 132.05% in 2025 and fell as far as 68.9% in 2025.
- Neptune Insurance Holdings' Operating Expenses stood at $13.1 million in 2024, then soared by 132.05% to $30.4 million in 2025, then dropped by 19.96% to $24.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $24.4 million, $30.4 million, and $23.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 78.62 Bn | 67.11 Bn | 5.88 Bn | 5.84 Bn |
| 2 | Aon | 68.66 Bn | 67.26 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 52.75 Bn | 51.36 Bn | - | 3.72 Bn |
| 4 | Willis Towers Watson | 24.43 Bn | 22.65 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 19.11 Bn | 18.13 Bn | 1.61 Bn | 17.00 Mn |
| 6 | XChange TEC.INC | 6.88 Bn | 6.88 Bn | - | - |
| 7 | Neptune Insurance Holdings | 3.65 Bn | 3.64 Bn | - | 24.35 Mn |
| 8 | Accelerant Holdings | 3.55 Bn | 2.04 Bn | 48.00 Mn | 271.30 Mn |
| 9 | Corvel | 3.21 Bn | 2.86 Bn | 54.92 Mn | 22.68 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 |