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 Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(In thousands) (Unaudited)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $23,145 | $21,559 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Amortization expense | 2,021 | 1,786 |
| Amortization of deferred financing costs | 179 | 237 |
| Share-based compensation | 13,823 | 187 |
| Deferred income taxes | (390) | (15) |
| (Increase) decrease in operating assets: | ||
| Commissions and fees receivable | 190 | (592) |
| Income tax receivable | 572 | (705) |
| Prepaid expenses and other current assets | 536 | (152) |
| Deferred financing asset | — | (36) |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable | 854 | 1,374 |
| Commissions payable | 2,329 | 2,338 |
| Income tax payable | 75 | (4,781) |
| Accrued expenses | 70 | 1,764 |
| Net cash provided by operating activities | 43,404 | 22,964 |
| Cash flows from investing activities: | ||
| Internally developed software | (2,171) | (1,884) |
| Net cash used in investing activities | (2,171) | (1,884) |
| Cash flows from financing activities: | ||
| Change in fiduciary receivables | (1,353) | (831) |
| Change in fiduciary liabilities | 28,334 | 26,615 |
| Repayments of 2024 Term Loan | — | (135,000) |
| Proceeds from 2025 Term Loan | — | 301,000 |
| Repayments of 2025 Term Loan | — | (7,000) |
| Proceeds from revolving credit facility | 24,000 | — |
| Repayments of revolving credit facility | (24,000) | — |
| Repurchase of common stock | (31,869) | — |
| Payment of deferred financing fees and prepayment penalty | — | (477) |
| Proceeds from exercise of stock options | 1,837 | — |
| Taxes paid related to net share settlement of equity awards | (1,684) | — |
| Cash dividend paid | — | (175,000) |
| Net cash provided by (used in) financing activities | (4,735) | 9,307 |
| Net increase in cash and cash equivalents and fiduciary cash | 36,498 | 30,387 |
| Cash and cash equivalents and fiduciary cash: | ||
| Beginning of period | 40,548 | 28,065 |
| End of period | $77,046 | $58,452 |
| Cash and cash equivalents | $17,553 | $11,697 |
| Fiduciary cash | 59,493 | 46,755 |
| Total cash and cash equivalents and fiduciary cash | $77,046 | $58,452 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.