Neptune Insurance Holdings Inc.
For the period ended Jun 30, 2026. Filed Jul 27, 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.
Jun 30, 2026 · Filed Jul 27, 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 Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| June 30,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $17,553 | $8,036 |
| Fiduciary cash | 59,493 | 32,512 |
| Fiduciary receivable | 6,728 | 5,375 |
| Commissions and fees receivable | 3,890 | 4,080 |
| Prepaid expenses and other current assets | 773 | 1,309 |
| Income tax receivable | 578 | 1,150 |
| Total current assets | 89,015 | 52,462 |
| Intangible assets, net | 428 | 466 |
| Internally developed software, net | 6,219 | 6,030 |
| Goodwill | 3,793 | 3,793 |
| Deferred tax assets | 1,192 | 802 |
| Deferred financing asset | 1,567 | 1,746 |
| Total assets | $102,214 | $65,299 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | 10,995 | 10,141 |
| Commissions payable | 6,117 | 3,788 |
| Insurance company payables | 30,607 | 18,946 |
| Income tax payable | 75 | — |
| Accrued expenses | 1,047 | 977 |
| Premium deposits | 35,614 | 18,941 |
| Total current liabilities | 84,455 | 52,793 |
| Revolving credit facility | 240,000 | 240,000 |
| Total liabilities | $324,455 | $292,793 |
| Stockholders’ deficit: | ||
| Class A common stock,$0.00001 par value, 428,422,036 and 428,422,036 shares authorized;93,773,525 and 94,718,530 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Class B common stock, $0.00001 par value, 51,577,964 and 51,577,964 shares authorized; 43,435,000 and 43,435,000 issued and outstanding at June 30, 2026 and December 31, 2025, respectively | — | — |
| Accumulated deficit | (491,206) | (514,351) |
| Additional paid-in capital | 268,964 | 286,856 |
| Total stockholders’ deficit | (222,241) | (227,494) |
| Total liabilities and stockholders’ deficit | $102,214 | $65,299 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.