Neptune Insurance underwriters fully exercise option for 1,476,209 Class A shares in secondary offering, company receives no proceeds
A data-driven managing general agent for flood insurance. Sells residential and commercial flood insurance (primary & excess), and parametric earthquake insurance. Uses AI and machine learning platforms (e.g. underwriting engine "Triton", policy management "Poseidon"), distributes via agency network, and does not take balance sheet risk or handle claims themselves; rather, insurance and reinsurance carriers do.
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Revenue | $119.30M | $84.87M |
| Cost of Revenue | $40.07M | $30.36M |
| Gross Profit | $79.23M | $54.51M |
| Gross Margin | 66.41% | 64.23% |
| Operating Expenses | $10.78M | $9.08M |
| Operating Income | $68.45M | $45.43M |
| Operating Margin | 57.37% | 53.53% |
| Net Income | $34.59M | $17.89M |
| Net Margin | 29.00% | 21.07% |
| EPS (Basic) | $1.58 | $1.04 |
| EBITDA | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A |
| Price To Sales Ratio | N/A | N/A |
| Shares Outstanding | N/A | N/A |
| Market Capitalization | N/A | N/A |