Neptune Insurance Holdings Inc.

NPNeptune Insurance Holdings Inc. US flag

New York Stock Exchange

25.08

USD

-1.17

- -

2.38BMarket Cap

Income Statement (USD)

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	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	85	119	160
+ Sales & Services Revenue	85	119	160
- Cost of Revenue	30	40	66
+ Cost of Goods & Services	30	40	66
Gross Profit	55	79	94
+ Other Operating Income	- -	- -	- -
- Operating Expenses	9	11	14
+ Selling, General & Admin	7	8	10
+ Research & Development	- -	- -	- -
+ Other Operating Expense	2	3	4
Operating Income (Loss)	45	68	80
- Non-Operating (Income) Loss	22	22	26
+ Interest Expense, Net	21	17	17
+ Interest Expense	21	18	18
- Interest Income	- -	1	1
+ Other Non-Op (Income) Loss	1	5	9
Pretax Income	24	46	54
- Income Tax Expense (Benefit)	6	12	16
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	18	35	37
- Net Extraordinary Losses (Gains)	- -	- -	- -
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -
Income (Loss) Incl. MI	18	35	37
- Minority Interest	- -	- -	- -
Net Income, GAAP	18	35	37
- Preferred Dividends	- -	- -	54
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	18	35	-17
EBIT	45	68	80
EBITDA	48	71	84
EBITDA Margin (%)	56.1	59.91	52.39
EBITA	45	68	80
Gross Margin (%)	64.23	66.41	58.67
Operating Margin (%)	53.53	57.37	50.06
Profit Margin (%)	21.07	29	23.45
Sales per Employee	- -	- -	- -
Dividend per Share	2.51	- -	1.67
Depreciation Expense	2	3	4
Basic Weighted Avg Shares	135	135	105
Basic EPS, GAAP	0.13	0.26	-0.16
Basic EPS from Cont Ops	0.13	0.26	0.36
Diluted Weighted Avg Shares	135	135	105
Diluted EPS, GAAP	0.13	0.26	-0.16
Diluted EPS from Cont Ops	0.13	0.26	0.36

Balance Sheet (USD)

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	2023 Y	2024 Y	2025 Y
Total Current Assets	30	35	52
+ Cash, Cash Equivalents & STI	8	7	8
+ Cash & Cash Equivalents	8	7	8
+ ST Investments	- -	- -	- -
+ Accounts & Notes Receiv	5	7	11
+ Accounts Receivable, Net	1	3	4
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -
+ Other Receivable, Net	4	4	7
+ Inventories	- -	- -	- -
+ Raw Materials	- -	- -	- -
+ Work In Process	- -	- -	- -
+ Finished Goods	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	- -	- -	- -
+ Other ST Assets	17	21	34
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	12	13	13
+ Property, Plant & Equip, Net	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -
+ LT Investments & Receivables	- -	- -	- -
+ LT Investments	- -	- -	- -
+ LT Receivables	- -	- -	- -
+ Other LT Assets	12	13	13
+ Total Intangible Assets	9	10	10
+ Goodwill	4	4	4
+ Other Intangible Assets	6	6	6
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	2	3	3
Total Assets	42	48	65
+ Payables & Accruals	19	28	34
+ Accounts Payable	7	10	14
+ Accrued Taxes	- -	5	- -
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	11	14	20
+ ST Debt	2	9	- -
+ ST Borrowings	2	9	- -
+ ST Finance Leases	- -	- -	- -
+ Other ST Liabilities	8	12	19
+ Deferred Revenue	8	12	19
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -
Total Current Liabilities	29	49	53
+ LT Debt	173	125	240
+ LT Borrowings	173	125	240
+ LT Finance Leases	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -
Total Noncurrent Liabilities	173	125	240
Total Liabilities	202	174	293
+ Preferred Equity and Hybrid Capital	227	240	- -
+ Share Capital & APIC	- -	- -	287
+ Common Stock	- -	- -	- -
+ Additional Paid in Capital	- -	- -	287
- Treasury Stock	- -	- -	- -
+ Retained Earnings	-388	-366	-514
+ Other Equity	- -	- -	- -
Equity Before Minority Interest	-160	-126	-227
+ Minority/Non Controlling Interest	- -	- -	- -
Total Equity	-160	-126	-227
Total Liabilities & Equity	42	48	65
Shares Outstanding	135	135	138
Number of Employees	- -	- -	- -
Capital Leases - Total	- -	- -	- -
Net Debt	167	127	232
Net Debt to Equity	-103.94	-100.83	-101.96
Tangible Common Equity Ratio	-1,227.78	-986.21	-432.25
Current Ratio	1.03	0.73	0.99
Cash Conversion Cycle	- -	-72.4	-57.72

Cash Flow Statement (USD)

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	2023 Y	2024 Y	2025 Y
+ Net Income	18	35	37
+ Depreciation & Amortization	2	3	4
+ Non-Cash Items	- -	6	14
+ Stock-Based Compensation	- -	- -	11
+ Deferred Income Taxes	-2	-1	2
+ Asset Impairment Charge	- -	- -	- -
+ Other Non-Cash Adj	2	6	1
+ Chg in Non-Cash Work Cap	-1	6	-4
+ (Inc) Dec in Accts Receiv	-1	-1	-3
+ (Inc) Dec in Inventories	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-1
+ Inc (Dec) in Accts Payable	- -	7	- -
+ Inc (Dec) in Other	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	19	50	52
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	-4	-4	-4
+ Acq of Fixed Prod Assets	- -	- -	- -
+ Acq of Intangible Assets	-4	-4	-4
+ Cash (Repurchase) of Equity	- -	- -	- -
+ Increase in Capital Stock	10	- -	- -
+ Decrease in Capital Stock	-10	- -	- -
+ Net Change in LT Investment	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	-4	-4	-4
+ Dividends Paid	-339	- -	-175
+ Net Cash From Debt	109	-44	105
+ Cash From Debt	190	171	552
+ Repayments of Debt	-81	-215	-447
+ Other Financing Activities	221	1	35
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	-10	-42	-35
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	5	4	12
EBITDA	48	71	84
EBITDA Margin (%)	56.1	59.91	52.39
Free Cash Flow	15	46	48
Net Cash Paid for Acquisitions	- -	- -	- -
Free Cash Flow to Firm	31	59	60
Free Cash Flow to Equity	- -	20	-138
Free Cash Flow per Basic Share	0.11	0.34	0.46
Price/Free Cash Flow	- -	- -	54.76
Cash Flow to Net Income	1.04	1.44	1.38
Capital Expenditures	-4	-4	-4