Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026)
Neptune Insurance Holdings (NP) posted Operating Expenses of $29.3 million for Q2 2026, up 20.4% sequentially from $24.4 million in Q1 2026, and up 41.13% YoY from $20.8 million in Q2 2025.
Neptune Insurance Holdings (NP) Operating Expenses (2024 - 2026) Analysis & Trends
Neptune Insurance Holdings has reported Operating Expenses for 3 years, with the latest figure at $29.3 million in Q2 2026.
- Quarterly Operating Expenses rose 41.13% year-over-year to $29.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $107.8 million (up 74.88% YoY) and the FY2025 annual result came in at $88.6 million, up 74.22% from the prior year.
- Operating Expenses climbed to $29.3 million in Q2 2026 per NP's latest filing, from $24.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $30.4 million in Q4 2025 and troughed at $13.1 million in Q4 2024.
- A 3-year average of $21.2 million and a median of $22.2 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 132.05% in 2025, then jumped 41.13% in 2026.
- Over 3 years, Operating Expenses stood at $13.1 million in 2024, then jumped by 132.05% to $30.4 million in 2025, then declined by 3.64% to $29.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $29.3 million, $24.4 million, and $30.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download 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 |