Neptune Insurance Holdings Inc.
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
NP$28.22+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(In thousands) (Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $7,349 | $9,939 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Amortization expense | $1,004 | 874 |
| Amortization of deferred financing costs | $90 | 109 |
| Share-based compensation | $6,877 | 84 |
| Deferred income taxes | $9 | (3) |
| (Increase) decrease in operating assets: | ||
| Commissions and fees receivable | $(652) | 122 |
| Income tax receivable | $1,150 | — |
| Prepaid expenses and other current assets | $73 | (114) |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable | $(1,452) | (1,480) |
| Commissions payable | $872 | 1,323 |
| Income tax payable | $1,548 | 3,411 |
| Accrued expenses | $(177) | 50 |
| Net cash provided by operating activities | $16,691 | 14,315 |
| Cash flows from investing activities: | ||
| Internally developed software | $(1,096) | (910) |
| Net cash used in investing activities | $(1,096) | (910) |
| Cash flows from financing activities: | ||
| Change in fiduciary receivables | $(728) | (1,007) |
| Change in fiduciary liabilities | $18,068 | 16,230 |
| Repayments of 2024 Term Loan | $— | (4,000) |
| Repayments of revolving credit facility | $(13,000) | — |
| Proceeds from exercise of stock options | $1,047 | — |
| Taxes paid related to net share settlement of equity awards | $(1,136) | — |
| Net cash provided by financing activities | $4,251 | 11,223 |
| Net increase in cash and cash equivalents and fiduciary cash | $19,845 | 24,628 |
| Cash and cash equivalents and fiduciary cash: | ||
| Beginning of period | $40,549 | 28,065 |
| End of period | $60,394 | $52,693 |
| Cash and cash equivalents | $10,542 | $16,499 |
| Fiduciary cash | $49,852 | 36,194 |
| Total cash and cash equivalents and fiduciary cash | $60,394 | $52,693 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.