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
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