{ "ok": true, "cik": "2067129", "ticker": "NP", "name": "Neptune Insurance Holdings Inc.", "filings": [ { "form": "8-K", "filed": "2026-10-01", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026064028/0001628280-26-064028-index.htm" }, { "form": "10-Q", "filed": "2026-07-27", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026049809/0001628280-26-049809-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026048999/0001628280-26-048999-index.htm" }, { "form": "8-K", "filed": "2026-06-01", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026039469/0001628280-26-039469-index.htm" }, { "form": "S-1", "filed": "2026-05-11", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026033573/0001628280-26-033573-index.htm" }, { "form": "10-Q", "filed": "2026-04-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026028418/0001628280-26-028418-index.htm" } ], "events12m": 7, "healthWatch": { "window": "last 12 months", "since": "2025-10-02", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-10-01", "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026064028/0001628280-26-064028-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002067129.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2067129" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Neptune Insurance Holdings Inc. ($NP). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-10-01. 7 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 159551000, "revenueGrowth1y": 0.3374043370019866, "revenueGrowthPerYear": 0.37081518689831694, "yearsOfData": 3, "operatingMargin": 0.44471673634135794, "operatingMarginPrior": 0.5737349013822413, "netMargin": 0.23448928555759602, "operatingCashFlow": 51670000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 8036000, "longTermDebt": 0, "longTermDebtChange": -1, "revenueHistory": [ { "fiscalYearEnd": "2023-12-31", "revenue": 84870000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 119299000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 159551000 } ], "totalEquity": -227494000, "totalAssets": 65299000, "equityRatio": -3.4838818358627237, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.26, "sharesOutstanding": 104502838, "bookValuePerShare": -2.1769169560734802, "revenuePerShare": 1.5267623640996237, "range80": { "low": 170419898.15688312, "high": 273907640.5721304, "baseline": 216049566.62890863, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 170419898.15688312, "high": 273907640.5721304 } }, "edgarette": "🔖 Exposure: revenue $159.6M (FY2025), total debt $0K. Experience: revenue up 33.7% on the year, up 37.1% a year over 2 years; operating margin 44.5%, down from 57.4%. Soundness: equity -348.4% of assets (liabilities exceed assets). Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $170.4M and $273.9M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (16 filers, $50M+ revenue, insurance agents, brokers & service): operating margin 44.5% against a 15.5% median; growth 33.7% against 15.8%.", "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "summary": "Neptune Insurance Holdings (NP) grew revenue 33.7% in FY2025 to $160 million, operating margin 44.5% against a 15.5% median for insurance agents, brokers & service, equity -348% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Neptune Insurance Holdings Inc. against its own record and its peers
Operating marginPeer median 15.5%44.5%Revenue, on the yearPeer median 15.8%33.7%Equity of assetsPeer median 22.5%-348.4%Gold tick: the median of 22–22 peers with $50M+ revenue in insurance agents, brokers & service
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-10-02T14:01:25.740Z", "hash": "36a345824f3b121e", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Neptune Insurance Holdings (NP) grew revenue 33.7% in FY2025 to $160 million, operating margin 44.5% against a 15.5% median for insurance agents, brokers & service, equity -348% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 159551000, "totalDebt": 0, "cash": 8036000 }, "experience": { "revenueGrowth1y": 0.3374043370019866, "revenueGrowthPerYear": 0.37081518689831694, "operatingMargin": 0.44471673634135794, "operatingMarginPrior": 0.5737349013822413, "netMargin": 0.23448928555759602, "freeCashFlow": null }, "soundness": { "equityRatio": -3.4838818358627237, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6411, "sicDescription": "Insurance Agents, Brokers & Service", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6411", "growth": [ 0.1582, 24 ], "opMargin": [ 0.1553, 16 ], "equityRatio": [ 0.2252, 22 ], "returnOnEquity": [ 0.1198, 14 ], "payoutRatio": [ 0.4084, 11 ] }, "credibility": { "auditedYears": 3, "weight": "moderate", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-10-02", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-10-01", "url": "https://www.sec.gov/Archives/edgar/data/2067129/000162828026064028/0001628280-26-064028-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 170419898.15688312, "high": 273907640.5721304, "baseline": 216049566.62890863, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "credibility": null, "stress": null, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-10-02T14:01:25.740Z", "hash": "36a345824f3b121e", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002067129.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2067129" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3238, "growth3y": 0.3374, "volatility": 0.0352, "paysDividend": false, "raisedDividend": false, "equityRatio": -2, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 32.4% of revenue into operating cash; revenue growing 33.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 84th percentile for cash, 88th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$100M-1B", "cashPctInClass": 84, "growthPctInClass": 88, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 51670000, "investing": -3977000, "financing": -35210000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2023-12-31", "operating": 18647000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 49926000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 51670000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 8036000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 65299000, "ladder": null, "currentRatio": 0.99, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3238, "growth3y": 0.3374, "volatility": 0.0352, "paysDividend": false, "raisedDividend": false, "equityRatio": -2, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 32.4% of revenue into operating cash; revenue growing 33.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 84th percentile for cash, 88th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$100M-1B", "cashPctInClass": 84, "growthPctInClass": 88, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 51670000, "investing": -3977000, "financing": -35210000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2023-12-31", "operating": 18647000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 49926000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 51670000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 8036000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 65299000, "ladder": null, "currentRatio": 0.99, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }