Revenue breakdown: Commission Income (76%), Fee Income (24%).
8-K
Neptune Insurance Holdings Inc. announced Q4 and full year 2025 financial results with revenue growth of 39% to $43.8 million and 34% to $159.6 million, respectively, but Q4 net income decreased 63% to $4.3 million due to $4.6 million IPO-related expenses. Adjusted EBITDA grew 34% to $25.9 million in Q4 and 32% to $95.0 million for the year, maintaining 59-60% margins.