Neptune Insurance Holdings

NP

Market cap $3.83B

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Neptune Insurance Holdings Inc. (“Neptune” or the “Company”) (NYSE: NP), the parent company of Neptune Flood Incorporated, today reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from the third quarter of 2024. The Company reported net income of $11.5 million and Adjusted EBITDA of $26.7 million. Adjusted EBITDA increased 28.6% compared to the same period in 2024. Third Quarter 2025 Highlights Third quarter Revenue growth of 31% to.

ST. PETERSBURG, Fla. , Nov. 4, 2025 /PRNewswire/ -- Neptune Insurance Holdings Inc. ("Neptune" or the "Company") (NYSE: NP), the parent company of Neptune Flood Incorporated, today announced that it will report its financial results for the third quarter ended September 30, 2025, after the market closes on Wednesday, November 12, 2025.

Six IPOs debuted this week, while seven SPACs listed, with eight IPOs submitted initial filings, including a handful of sizable issuers. While the US government shutdown complicates the start of the Q4 IPO market, two sizable offerings are lined up to price next week, as both made sure their registrations were declared effective by the SEC prior to the October 1st deadline. Street research is expected for seven companies in the week ahead, and six lock-up periods will be expiring.

Neptune Insurance surged on its IPO debut, despite only existing shareholders selling and no new capital raised for the company. NP leverages AI-driven platforms to disrupt the underpenetrated flood insurance market, focusing on efficiency and rapid growth, especially in Florida and Texas. Valuation is demanding at 25x revenue and 50x operating earnings post-IPO, but strong margins and >30% growth rates offer some justification.

Trevor Burgess, CEO of Neptune Insurance (NP), talks with Nicole Petallides about his company after debuting at the NYSE on Wednesday. He says his company is the only alternative to the U.S. National Flood Insurance Program, as he takes investors through what Neptune does to those impacted by severe flooding events.

Neptune Insurance shares jumped 12.5% in their New York Stock Exchange debut on Wednesday, valuing the company at nearly $3.11 billion and making it the latest insurer to capitalize on a buoyant listings market.

Neptune Insurance, the nation's largest private flood insurance, goes public on the New York Stock Exchange Wednesday. CEO Trevor Burgess sees opportunity to acquire customers while the government shutdown means the NFIP won't process new applications or new claims.

CNBC's Contessa Brewer sits down with Trevor Burgess, Neptune Insurance Holdings CEO, about the company's IPO, being open for business for those that need flood insurance while the Government is shut down, and much more.

CNBC's Contessa Brewer sits down with Trevor Burgess, Neptune Insurance Holdings CEO, about the company's IPO, being open for business for those that need flood insurance while the Government is shut down, and much more.