greeksoup/ stock research

Accelerant Holdings (ARX) Q3 FY2026 earnings: revenue $279 million, up 4.2% on the year

Accelerant Holdings (ARX) reported revenue of $279 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.2% on the same quarter a year earlier. Net income was -$12 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue
$279 million
+4.2% on the year · -21.9% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
-0.6%
-507.7% a year earlier
Q3 FY2024Q3 FY2026
Net income
-$12 million
Q3 FY2024Q3 FY2026
Diluted EPS
-$0.06
Q3 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Trailing twelve-month premium reached $4.88 billion: Exchange Written Premium for the nine months was $3,790.6 million, up 22% from $3,100.4 million. Trailing twelve-month premium was $4.88 billion, against $4.59 billion at June 30, 2026.
  • Adjusted EBITDA margin was 25 percent: Adjusted EBITDA margin was 25% for the quarter, against 29% a year earlier and 31% in the second quarter. The nine-month margin was 27%. Margin is adjusted EBITDA divided by operating revenues.
  • Net loss against last year's IPO charge: Pre-tax loss was $1.6 million and net loss was $9.2 million, or $0.06 per diluted share. The year-earlier net loss of $1,367.0 million included a $1,379.7 million charge tied to the July 2025 IPO.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue279357267-21.9%+4.2%
Operating income-1.687.4-1,358
Operating margin-0.6%24.5%-507.7%
Interest expense2.42.42.60.0%-7.7%
Pre-tax income-1.687.4-1,358
Income tax7.67.49.5+2.7%-20.0%
Effective tax raten/a8.5%n/a
Net income-12.378.7-1,369
Net margin-4.4%22.1%-511.9%
Diluted EPS-$0.06$0.36-$6.99
$ million except per share.
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.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow321-68.673.9+334.4%
Cash from investing128270-55.5-52.6%
Cash from financing-0.2-78.3209
Depreciation and amortisation11.210.410.0+7.7%+12.0%
Share-based compensation32.325.227.0+28.2%+19.6%
Buybacks1.070.40.0-98.6%
Diluted shares, weighted217m220m206m-1.1%+5.4%
Shares outstanding at period end217m217m222m+0.1%-2.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity732717676+2.0%+8.3%
Non-controlling interest29.126.627.7+9.4%+5.1%
Redeemable equityn/an/a0.0
Debt120120122-0.5%-2.0%
Other liabilities8,5768,0797,034+6.1%+21.9%
Total liabilities and equity9,4568,9437,859+5.7%+20.3%
Securities held for sale or to maturity508662787-23.2%-35.4%
Cash and equivalents2,0191,5731,604+28.4%+25.9%
Other assets6,9286,7085,469+3.3%+26.7%
Total assets9,4568,9437,859+5.7%+20.3%

Questions

What was Accelerant Holdings' revenue in Q3 FY2026?

Accelerant Holdings (ARX) reported revenue of $279 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.2% on the same quarter a year earlier.

How much did Accelerant Holdings earn in Q3 FY2026?

Net loss for Q3 FY2026 was $12 million, and the diluted loss per share $0.06.

When did Accelerant Holdings report Q3 FY2026 results?

Accelerant Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.

Quarterly results, the last 9 quarters

Q2 FY2024Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue130154178219267248273357279
Operating income-4.31.315.522.3-1,358-2.22.087.4-1.6
Operating margin-3%1%9%10%-508%-1%1%24%-1%
Interest expense3.03.12.62.52.63.22.52.42.4
Pre-tax income-4.31.315.522.3-1,358-2.22.087.4-1.6
Tax raten/a-623%50%41%n/an/a305%8%n/a
Net income-9.08.16.58.8-1,369-0.6-5.278.7-12.3
Net margin-7%5%4%4%-512%-0%-2%22%-4%
Diluted EPS-$0.05$0.04$0.03$0.04-$6.99$0.00-$0.02$0.36-$0.06
Operating cash flown/a27691.821873.961.9-21.4-68.6321
Buybacksn/an/a0.00.00.0n/a12.270.41.0
Shares outstandingn/an/an/a166m222m222m218m217m217m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-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.

10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.