greeksoup/ stock research
Stock research / United States / ARX · Insurance Agents, Brokers & Service · NYSE

Accelerant Holdings (ARX)

Compare with another name

Accelerant Holdings (ARX) reported revenue of $357 million for Q2 FY2026, the quarter ended 30 June 2026, up 62.9% on the same quarter a year earlier. Net income was $79 million, up 794.3% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 13 August 2026.

Revenue$357 millionup 62.9%
Net income$79 millionup 794.3%
Diluted EPS$0.36
QuarterQ2 FY2026ended 30 June 2026

Accelerant Holdings (ARX) in brief

Accelerant Holdings (ARX) reported revenue of $913 million for fiscal 2025, the year ended 31 December 2025, up 51.5% on the year before.
Read moreNet loss was $1.4 billion and the diluted loss per share $7.49. Revenue was $603 million in fiscal 2024 and $344 million in fiscal 2023. Net income in the same years was $27 million and a loss of $49 million. Over the twelve months to 30 June 2026, Accelerant Holdings reported revenue of $1.1 billion and net loss of $1.3 billion. Accelerant Holdings had 166 million shares outstanding at the latest filed count. At the close of 27 October 2026 the market cap of Accelerant Holdings was $3.3 billion.

Ratios

From the filings

ROE-180.6%
ROCE-151.7%
Operating margin-110.8%
Net margin-113.1%
FCF marginn/a
Interest cover-118.72
Debt to equity0.17
Cash conversionn/a
Share count, last 12 months31.4%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTM-$6.65

At the close of 27 October 2026

Price$19.82
Market cap$3.3 billion
Stock P/En/a
Price to book4.59
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.87
52-week high$19.88
52-week low$9.36
Price, 1 year56.0%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Accelerant Holdings files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ARXgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ARX

Dividendsno dividend in its filings for fiscal 2023 onward
Filings20 in twelve months: 10 current reports (8-K), about 5 results of operations; 5 regulation FD disclosure; 4 other events; 1 material agreement; 1 shareholder vote
Planned insider sales20 Form 144 notices in twelve months, $26.9 million; latest 21 August 2026
Options tapeput/call 0.38 by open interest at the 27 October 2026 close; the straddle prices a 12.1% move to 20 November 2026
13F holders116 funds reported a position for the quarter to 30 June 2026; largest Security Benefit Life Insurance Co.
Insider trading25 sales and 6 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.2 million shares short, 2.58 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 8 quarters

Q2 FY2024Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue130154178219267248273357
Operating income-4.31.315.522.3-1,358-2.22.087.4
Operating margin-3%1%9%10%-508%-1%1%24%
Interest expense3.03.12.62.52.63.22.52.4
Pre-tax income-4.31.315.522.3-1,358-2.22.087.4
Tax raten/a-623%50%41%n/an/a305%8%
Net income-9.08.16.58.8-1,369-0.6-5.278.7
Net margin-7%5%4%4%-512%-0%-2%22%
Diluted EPS-$0.05$0.04$0.03$0.04-$6.99$0.00-$0.02$0.36
Operating cash flown/a27691.821873.961.9-21.4-68.6
Buybacksn/an/a0.00.0n/an/a12.270.4
Shares outstandingn/an/an/a166mn/an/an/an/a
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 3 fiscal years and the trailing twelve months

FY2023FY2024FY2025TTM
Revenue3446039131,146
Operating income-43.932.0-1,322-1,270
Operating margin-12.8%5.3%-144.8%-110.8%
Interest expense10.912.110.910.7
Pre-tax income-43.932.0-1,322-1,270
Income tax20.29.123.319.9
Effective tax raten/a28.4%n/an/a
Net income-48.827.2-1,425-1,296
Net margin-14.2%4.5%-156.1%-113.1%
Diluted EPS-$0.29$0.14-$7.49-$6.65
Filing10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
North America20239951055.9%
UK and EU14220340244.1%
North AmericaUK and EU
344FY2023603FY2024913FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Accelerant Holdings: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2023FY2024FY2025TTM
Operating cash flow29078644545.8
Cash from investing-12.6-380-17467.3
Cash from financing10.3110206107
Depreciation and amortisation14.526.635.239.9
Share-based compensation4.88.443.1102
Diluted shares, weighted166m200m190m220m
Shares outstanding at period endn/a166mn/an/a
Filing10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2023FY2024FY2025TTM
Funded by
Shareholders' equity287304698717
Non-controlling interestn/a18.328.726.6
Redeemable equityn/a104n/an/a
Debtn/a121121120
Other liabilitiesn/a5,5467,4158,079
Total liabilities and equityn/a6,0958,2638,943
Owned
Goodwill20.730.963.1n/a
Intangible assets30.833.152.0n/a
Securities held for sale or to maturityn/a544712662
Cash and equivalents7751,2261,7161,573
Other assetsn/a4,2615,7206,708
Total assetsn/a6,0958,2638,943
Filing10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/a68.3%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/a-70.8%-204.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Accelerant Holdings' revenue in fiscal 2025?

Accelerant Holdings (ARX) reported revenue of $913 million for fiscal 2025, the year ended 31 December 2025, up 51.5% on the year before.

How much did Accelerant Holdings earn in fiscal 2025?

Net loss was $1.4 billion for fiscal 2025, and the diluted loss per share $7.49.

What is Accelerant Holdings' market cap?

The market cap of Accelerant Holdings was $3.3 billion at the close of 27 October 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marsh & McLennan Companies, Inc. MRSH$90.6 billion22.8127.1%21.4%7.6%1.272.0%
Arthur J. Gallagher & Co. AJG$66.4 billion42.966.6%12.6%26.3%0.571.0%
Aon plc AON$64.1 billion16.6740.8%26.5%4.9%1.351.0%
Willis Towers Watson plc WTW$29.7 billion19.6620.4%22.2%3.0%0.851.2%
Brown & Brown, Inc. BRO$22.1 billion21.379.7%n/a26.1%0.621.0%
Equitable Holdings, Inc. EQH$14.9 billionn/an/a-5.7%-22.1%n/a2.0%
Erie Indemnity Co. ERIE$12.9 billion22.3623.4%17.9%3.7%n/an/a
Enact Holdings, Inc. ACT$6.6 billion10.1212.7%69.1%2.5%0.141.8%
Hagerty, Inc. HGTY$5.4 billionn/an/an/an/a1.00n/a
Corvel Corp. CRVL$4.2 billion36.7228.2%n/a7.1%n/an/a
Accelerant Holdings ARX$3.3 billionn/a-180.6%-110.8%n/a0.17n/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
All 90 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.17 trillion13.6511.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$371.6 billion26.4213.5%4.8%6.5%0.702.2%
Chubb Ltd. CB$137.4 billion12.6014.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$131.1 billion11.3234.1%16.2%10.5%0.246.2%
Elevance Health, Inc. ELV$91.1 billion17.9711.5%2.7%3.6%0.691.6%
Marsh & McLennan Companies, Inc. MRSH$90.6 billion22.8127.1%21.4%7.6%1.272.0%
Travelers Companies, Inc. TRV$81.4 billion10.3628.7%21.2%1.1%0.341.2%
Cigna Group CI$78.8 billion12.3415.1%3.5%7.8%0.752.1%
Manulife Financial Corporation MFC *$75.4 billion20.5011.1%n/an/a0.153.1%
Arthur J. Gallagher & Co. AJG$66.4 billion42.966.6%12.6%26.3%0.571.0%
Aon plc AON$64.1 billion16.6740.8%26.5%4.9%1.351.0%
Allstate Corp. ALL$63.9 billion5.0339.4%23.2%5.9%0.221.7%
Metlife Inc. MET$63.8 billion19.1213.2%8.3%8.7%0.522.3%
Aflac Inc. AFL$61.3 billion13.1616.0%32.0%13.6%0.282.0%
Humana Inc. HUM$49.8 billion39.266.7%1.9%18.3%0.740.9%
Sun Life Financial Inc. SLF *$44.3 billion18.2114.5%n/a8.0%0.333.3%
American International Group, Inc. AIG$41.8 billion14.557.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.7 billion10.4412.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.7 billion8.0824.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.2 billion7.8419.5%26.9%0.4%0.185.0%
Centene Corp. CNC$34.1 billion23.566.6%0.5%9.7%0.70n/a
Willis Towers Watson plc WTW$29.7 billion19.6620.4%22.2%3.0%0.851.2%
Everest Group, Ltd. EG$29.1 billion8.2712.4%13.4%-5.1%n/a2.0%
Cincinnati Financial Corp. CINF$27.9 billion10.6416.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$26.9 billion14.8619.6%n/a4.3%n/a2.6%
Principal Financial Group Inc. PFG$24.0 billion15.9512.8%11.9%3.7%0.362.8%
Markel Group Inc. MKL$23.0 billionn/an/an/an/a0.23n/a
Loews Corp. L$22.7 billion13.628.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$22.1 billion21.379.7%n/a26.1%0.621.0%
Reinsurance Group of America Inc. RGA$17.2 billion11.5411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.8 billion20.688.5%5.4%29.1%0.832.8%
Equitable Holdings, Inc. EQH$14.9 billionn/an/a-5.7%-22.1%n/a2.0%
Globe Life Inc. GL$14.5 billion10.4319.7%24.2%5.2%0.480.8%
Renaissancere Holdings Ltd. RNR$14.3 billion5.8222.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$14.1 billion13.6717.4%9.9%9.4%n/a1.2%
Unum Group UNM$14.1 billion20.806.5%6.8%3.4%0.352.1%
CNA Financial Corp. CNA$13.0 billion10.5711.1%10.3%3.4%0.278.1%
Erie Indemnity Co. ERIE$12.9 billion22.3623.4%17.9%3.7%n/an/a
American Financial Group Inc. AFG$12.6 billion13.2319.8%14.5%-0.2%0.384.6%
Fidelity National Financial, Inc. FNF$10.6 billion13.7510.4%11.3%13.0%0.595.2%
Oscar Health, Inc. OSCR$10.5 billion22.3926.8%4.1%42.8%0.21n/a
Molina Healthcare, Inc. MOH$10.4 billionn/a-1.2%0.4%-0.9%0.91n/a
Jackson Financial Inc. JXN$9.2 billion164.841.0%55.8%15.1%0.282.5%
Old Republic International Corp. ORI$9.2 billion8.3618.7%14.8%12.1%n/a9.6%
Voya Financial, Inc. VOYA$8.8 billion16.3313.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.6 billion11.1631.5%29.9%8.6%0.241.6%
Hanover Insurance Group, Inc. THG$8.2 billion11.2720.6%15.4%5.6%0.23n/a
Kinsale Capital Group, Inc. KNSL$8.1 billion15.7127.4%33.7%8.3%0.120.3%
Lincoln National Corp. LNC$7.7 billion3.5020.8%14.7%7.9%0.574.5%
Axis Capital Holdings Ltd. AXS$7.5 billion7.2317.0%19.5%9.1%0.201.7%
Enact Holdings, Inc. ACT$6.6 billion10.1212.7%69.1%2.5%0.141.8%
First American Financial Corp. FAF$6.6 billion9.0713.6%11.9%14.1%n/a3.4%
Essent Group Ltd. ESNT$6.0 billion9.2512.0%62.0%4.3%n/a2.0%
Mgic Investment Corp. MTG$5.9 billion8.9614.1%74.0%-1.9%n/a2.1%
RLI Corp. RLI$5.9 billion14.9023.3%25.8%4.6%0.184.2%
Selective Insurance Group Inc. SIGI$5.8 billion11.8414.8%11.9%4.0%0.261.7%
Mercury General Corp. MCY$5.7 billion6.0733.0%18.3%10.0%0.331.2%
Hagerty, Inc. HGTY$5.4 billionn/an/an/an/a1.00n/a
White Mountains Insurance Group Ltd. WTM$5.3 billion5.0420.8%34.2%55.4%0.170.0%
CNO Financial Group, Inc. CNO$5.0 billion18.7110.8%13.3%6.0%0.521.2%
Radian Group Inc. RDN$4.8 billion9.1811.2%n/a37.1%0.142.9%
Corvel Corp. CRVL$4.2 billion36.7228.2%n/a7.1%n/an/a
Lemonade, Inc. LMND$3.6 billionn/a-27.7%-13.7%62.3%n/an/a
Palomar Holdings, Inc. PLMR$3.5 billion18.0120.7%24.1%60.0%0.30n/a
Hamilton Insurance Group, Ltd. HG$3.5 billion6.1830.3%28.3%15.5%0.05n/a
Genworth Financial Inc. GNW$3.4 billion17.112.4%5.4%2.1%0.17n/a
Accelerant Holdings ARX$3.3 billionn/a-180.6%-110.8%n/a0.17n/a
Slide Insurance Holdings, Inc. SLDE$3.3 billion6.9246.5%52.8%n/a0.02n/a
NMI Holdings, Inc. NMIH$3.2 billion8.3814.6%69.3%7.5%n/an/a
Assured Guaranty Ltd. AGO$3.1 billion9.326.3%37.0%-10.6%0.312.1%
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
SiriusPoint Ltd. SPNT$2.9 billion6.1922.2%18.4%22.6%0.30n/a
Neptune Insurance Holdings Inc. NP$2.8 billion95.06n/a41.3%n/an/an/a
F&G Annuities & Life, Inc. FG$2.7 billion7.049.1%n/a15.0%0.494.7%
Skyward Specialty Insurance Group, Inc. SKWD$2.6 billion13.6414.8%13.9%38.3%0.33n/a
Brighthouse Financial, Inc. BHF$2.6 billion3.5912.7%14.7%2.6%0.48n/a
HCI Group, Inc. HCI$2.5 billion8.6228.7%48.4%22.8%0.030.8%
Porch Group, Inc. PRCH$2.3 billionn/an/a7.8%17.6%n/an/a
Horace Mann Educators Corp. HMN$1.9 billion10.8011.8%12.4%5.9%0.403.1%
Kemper Corp. KMPR$1.7 billionn/a-22.6%n/a-4.5%0.434.4%
Alignment Healthcare, Inc. ALHC$1.7 billion42.3715.4%1.2%37.2%1.22n/a
Goosehead Insurance, Inc. GSHD$1.6 billion33.65n/a23.3%17.7%n/an/a
Safety Insurance Group Inc. SAFT$1.5 billion22.487.8%6.8%7.2%0.063.5%
United Fire Group Inc. UFCS$1.5 billion10.6414.4%12.0%11.4%0.151.3%
Stewart Information Services Corp. STC$1.3 billion9.528.1%5.9%22.5%0.394.9%
Trupanion, Inc. TRUP$1.3 billion55.095.7%1.6%11.8%0.26n/a
Employers Holdings, Inc. EIG$933 million63.370.9%0.8%-5.8%0.152.5%
Root, Inc. ROOT$888 million14.7518.7%5.5%14.9%0.60n/a
Amerisafe Inc. AMSF$472 million10.2718.8%17.5%9.5%n/a6.1%
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.131.2%
14 companies share its SEC industry code (Insurance Agents, Brokers & Service); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202613 August 2026EDGAR
10-Q31 March 202613 May 2026EDGAR
10-K31 December 202518 March 2026EDGAR
10-Q30 September 202512 November 2025EDGAR
10-Q30 June 202528 August 2025EDGAR