| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 10,542 | 8,036 | 12,184 | |
| Fiduciary cash | - | - | 46,861 | |
| Fiduciary receivable | - | - | 4,486 | |
| Fiduciary cash | 49,852 | 32,512 | - | |
| Commissions and fees receivable | - | - | 3,674 | |
| Fiduciary receivable | 6,103 | 5,375 | - | |
| Ipo transaction costs shareholder reimbursement receivable | - | - | 8,474 | |
| Commissions and fees receivable | 4,732 | 4,080 | - | |
| Prepaid expenses and other current assets | 1,236 | 1,309 | 638 | |
| Income tax receivable | 0 | 1,150 | - | |
| Total current assets | 72,465 | 52,462 | 76,317 | |
| Intangible assets, net | 447 | 466 | 486 | |
| Internally developed software, net | 6,141 | 6,030 | 5,943 | |
| Goodwill | 3,793 | 3,793 | 3,793 | |
| Deferred tax assets | 793 | 802 | 2,979 | |
| Deferred financing asset | 1,656 | 1,746 | 109 | |
| Total assets | 85,296 | 65,299 | 89,627 | |
| Accounts payable | 8,690 | 10,141 | 11,246 | |
| Commissions payable | 4,660 | 3,788 | 5,010 | |
| Insurance company payables | 24,415 | 18,946 | 21,741 | |
| Income tax payable | 1,548 | 0 | 1,021 | |
| Accrued expenses | 800 | 977 | 1,458 | |
| Premium deposits | 31,541 | 18,941 | 29,606 | |
| Current portion of debt | - | 0 | 15,050 | |
| Total current liabilities | 71,654 | 52,793 | 85,132 | |
| Debt, less current portion | - | 0 | 247,589 | |
| Early exercise deposit liability | - | - | 15,578 | |
| Revolving credit facility | 227,000 | 240,000 | - | |
| Total liabilities | 298,654 | 292,793 | 348,299 | |
| Redeemable, convertible preferred stock, value | - | 0 | 250,877 | |
| Common stock value-Common Class A | 1 | 1 | - | |
| Common stock, 0.00001 par value, 154,300,000 and 154,300,000 shares authorized 96,185,000 and 93,350,000 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | - | - | 1 | |
| Common stock value-Common Class B | 0 | 0 | - | |
| Accumulated deficit | -507,002 | -514,351 | -518,660 | |
| Additional paid-in capital | 293,643 | 286,856 | 9,110 | |
| Total stockholders deficit | -213,358 | -227,494 | -509,549 | |
| Total liabilities and stockholders deficit | 85,296 | 65,299 | 89,627 | |
Neptune Insurance Holdings Inc. (NP)
Neptune Insurance Holdings Inc. (NP)