Growth Metrics

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

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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