Neptune Q2 FY26 net income rises 35.9% to $15.8 million; revenue climbs 32.8% to $55.9 million

• Neptune Insurance posted Q2 net income of $15.8 million, up 35.9% year over year; revenue rose 32.8% to $55.9 million.
• Operating income climbed 24.7% to $26.6 million, while total operating expenses increased 41.1% to $29.3 million on higher share-based compensation.
• Adjusted EBITDA (non-GAAP) increased 36.5% to $34.5 million; adjusted EBITDA margin widened 1.7 percentage points to 61.7%.
• Policies in force grew 29% to 316,106; premium in force increased 31.8% to $419 million.
• Board-backed buybacks totaled $31.9 million in the first half, including a $26 million underwriter repurchase tied to a May secondary offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neptune Insurance Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-049809), on July 27, 2026, and is solely responsible for the information contained therein.