| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 7,349 | 4,343 | 33,070 |
| Amortization expense | 1,004 | 979 | 2,734 |
| Amortization of deferred financing fees | - | 149 | 483 |
| Loss on extinguishment of debt | - | 0 | - |
| Amortization of deferred financing costs | 90 | - | - |
| Share-based compensation | 6,877 | 11,121 | 299 |
| Deferred income taxes | 9 | 2,177 | -176 |
| Commissions and fees receivable | 652 | 404 | 1,064 |
| Income tax receivable | -1,150 | 1,150 | - |
| Prepaid expenses and other current assets | -73 | 671 | 186 |
| Deferred financing asset | - | -37 | 37 |
| Accounts payable | -1,452 | -1,105 | 4,081 |
| Commissions payable | 872 | -1,222 | 2,482 |
| Income tax payable | 1,548 | -1,021 | -3,760 |
| Accrued expenses | -177 | -481 | 992 |
| Net cash provided by operating activities | 16,691 | 12,750 | 38,920 |
| Internally developed software | 1,096 | 1,046 | 2,868 |
| Purchase of intangible assets | - | 0 | 63 |
| Net cash used in investing activities | -1,096 | -1,046 | -2,931 |
| Change in fiduciary receivable | - | - | -389 |
| Change in fiduciary receivables | - | 1,279 | - |
| Change in fiduciary liabilities | - | 39,099 | -26,279 |
| Repayments of term loan-A2021Credit Agreement | - | 0 | - |
| Proceeds from term loan-A2023Credit Agreement | - | 0 | - |
| Repayments of term loan-A2023Credit Agreement | - | 0 | - |
| Proceeds from term loan-A2024Credit Agreement | - | 0 | - |
| Repayments of term loan-Repayments Of2024Term Loan | - | - | 135,000 |
| Repayments of term loan-A2024Credit Agreement | - | 135,000 | - |
| Proceeds from term loan-Proceeds From2025Term Loan | - | - | 301,000 |
| Proceeds from term loan-A2025Credit Agreement | - | 301,000 | - |
| Repayments of term loan-Repayments Of2025Term Loan | - | - | 37,000 |
| Repayments of term loan-A2025Credit Agreement | - | 301,000 | - |
| Payment of deferred financing fees and prepayment penalty | - | 462 | 477 |
| Issuance of common stock | - | 0 | - |
| Rescission of common stock | - | 0 | - |
| Change in fiduciary receivables | 728 | - | - |
| Issuance of redeemable, convertible preferred stock, net of issuance costs | - | 0 | - |
| Change in fiduciary liabilities | -18,068 | - | - |
| Proceeds from revolving credit facility | - | 251,000 | - |
| Repayments of 2024 term loan | 0 | - | - |
| Repayments of revolving credit facility | 13,000 | 11,000 | - |
| Proceeds from exercise of stock options | 1,047 | 136 | 15,578 |
| Contributed capital, stockholder reimbursement of ipo transaction costs | - | 8,474 | - |
| Cash dividend paid | - | 0 | 175,000 |
| Taxes paid related to net share settlement of equity awards | 1,136 | - | - |
| Net cash provided by financing activities | 4,251 | -30,201 | -5,009 |
| Net increase in cash and cash equivalents and fiduciary cash | 19,845 | -18,497 | 30,980 |
| Beginning of period | 40,549 | -30,980 | 28,065 |
| End of period | 60,394 | -18,497 | 59,045 |
Neptune Insurance Holdings Inc. (NP)
Neptune Insurance Holdings Inc. (NP)