“Financing Activities For the six months ended June 30, 2026, net cash used in financing activities was $4.7 million, which was primarily due to a $31.9 million repurchase of our Class A common stock, $24.0 million of repayments of our revolving credit facilit…”10-Q · Jul 27, 2026 ↗
Neptune Insurance Holdings Inc.
NP
Market read
Neptune Insurance Holdings Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- The filing states that significant insured losses and increased demand for reinsurance resulted in fewer participants in the property catastrophe reinsurance market.
Invalidation: The isolated read changes if NP's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- The filing states that significant insured losses and increased demand for reinsurance resulted in fewer participants in the property catastrophe reinsurance market.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +33.7% year over year.
- Demand and volume has repeated favorable evidence across 4 filings.
- Operating margin changed -12.9 percentage points in the latest annual period.
- Net margin changed -5.5 percentage points in the latest annual period.
- Diluted shares increased 11.9% in the latest annual period.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 11, 2026
31.77Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“These changes were driven by factors such as significant insured losses and increased demand for reinsurance, leading to fewer participants in the property catastrophe reinsurance market.”10-Q · Jul 27, 2026 ↗
“While mortgage rates experienced some decrease in late 2025, continued weakness or a further decrease in housing market activity, particularly in areas where flood coverage is needed, due to adverse economic conditions or other factors, could result in a decl…”10-K · Feb 26, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for NP. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for NP. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind NP
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JPMJPMorgan Chase & Co.lenderNov 12, 2025 ▾
“an parties thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent (the “2025 Amended and Restated Credit Agreement”).”
Depended on by
ROPRoper Technologies, Inc.partnerFeb 24, 2026 ▾
“Neptune – water meters, enabling water utilities to remotely monitor their customers utilizing Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI) technologies, and cloud-based software supporting meter data management and utility billing.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
NP is currently a Leader in the organic co-movement group Flood & Earthquake Insurance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NP; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.