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
DateValue
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