AII

MKT CAP:$381M

American Integrity Insurance Group, Inc.

Market Cap

$381M

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$19.20-$0.98 (-4.86%)

Apr 21, 2026

Company Details

American Integrity Insurance Group, Inc. is an insurance provider that offers a range of coverage options, including policies for homeowners, new home construction, vacant homes, condos, rental and seasonal dwellings, manufactured homes, an...

CEO

Robert Craig Ritchie

IPO Date

May 8, 2025

Website

www.aii.com

Key Metrics TTM

Revenue

$276M

+35.3% YoY

Net Income

$100M

EPS (Diluted)

$5.31

Free Cash Flow

$133M

Revenue / Share

$14.12

Gross Margin

64.5%

Operating Margin

41.6%

Net Margin

36.0%

FCF Margin

48.2%

P/S

1.4x

P/E

3.8x

Earnings Reports

FY 2025

Feb 26, 2026

$276M+35.3%EPS $5.65

Q4 2025

Feb 26, 2026

$68M+1.4%EPS $1.07

Q3 2025

Nov 13, 2025

$62M+33.3%EPS $0.67

Q2 2025

Aug 13, 2025

$74M+60.6%EPS $1.62

Q1 2025

Jun 10, 2025

$72M+62.2%EPS $1.95

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 24	$44M	$19M	$13M
Q2 24	$46M	$27M	$20M
Q3 24	$47M	$14M	$7M
Q4 24	$67M	$22M	$11M
Q1 25	$72M	$48M	$43M
Q2 25	$74M	$47M	$24M
Q3 25	$62M	$26M	$19M
Q4 25	$68M	$57M	$29M

Valuation

Quarter	P/S	P/E
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	1.7x	8.5x
Q1 25	1.5x	5.1x
Q2 25	1.4x	4.6x
Q3 25	1.3x	4.2x
Q4 25	1.5x	4.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	-$20M	-$21M
Q2 24	$47M	$47M
Q3 24	-$31M	-$31M
Q4 24	$153M	$153M
Q1 25	$68M	$68M
Q2 25	$27M	$27M
Q3 25	-$7M	-$12M
Q4 25	$50M	$50M

Capital Expenditures

Quarter	CapEx
Q1 24	$595.0K
Q2 24	$344.0K
Q3 24	$275.0K
Q4 24	$93.0K
Q1 25	$108.0K
Q2 25	$471.0K
Q3 25	$4M
Q4 25	$19.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+62.2%	-6.5%
Q2 25	+60.6%	+94.2%
Q3 25	+33.3%	+8.2%
Q4 25	+1.4%	-31.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$10M	14.0%
Q3 25	$100.0K	0.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 24	$5M
Q2 24	$7M
Q3 24	$7M
Q4 24	$12M
Q1 25	$5M
Q2 25	$23M
Q3 25	$7M
Q4 25	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$0	$0	$0
Q4 24	$173M	$89M	$262M
Q1 25	$443M	$0	$443M
Q2 25	$260M	$0	$260M
Q3 25	$145M	$357M	$502M
Q4 25	$204M	$0	$204M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 24	20M	—	—
Q2 24	20M	-0.0%	—
Q3 24	20M	0.0%	—
Q4 24	20M	+0.0%	—
Q1 25	20M	0.0%	0.0%
Q2 25	17M	-13.4%	-13.4%
Q3 25	20M	+15.4%	-0.0%
Q4 25	20M	+0.0%	-0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$217.5K	313

Revenue / Employee