ARX

MKT CAP:$3B

Accelerant Holdings

Market Cap

$3B

Financial Services·Insurance - Brokers·🇰🇾 Cayman Islands·NYSE

Financials·Insurance·🇰🇾·NYSE

Stock Price

$13.13-$2.48 (-15.89%)

Apr 24, 2026

Company Details

Accelerant Holdings, together with its subsidiaries, operate a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. The Exchange Services segment consists of risk exchange, its operat...

CEO

Jeffrey Lee Radke

IPO Date

Jul 24, 2025

Website

www.accelerant.ai

Key Metrics TTM

Revenue

$154M

— YoY

Net Income

$8M

EPS (Diluted)

$0.04

Free Cash Flow

$276M

Revenue / Share

$0.77

Gross Margin

59.1%

Operating Margin

15.4%

Net Margin

5.3%

FCF Margin

179.8%

P/S

19.1x

P/E

361.9x

Earnings Reports

Q4 2024

May 14, 2026

PENDING

FY 2024

Sep 30, 2024

$154M+38.5%EPS $0.05

Q3 2024

Sep 30, 2024

$154MEPS $0.04

FY 2023

Dec 31, 2023

$111MEPS -$1.41

Q4 2023

Dec 31, 2023

$111MEPS -$1.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 23	$111M	$86M	$26M
Q3 24	$154M	$91M	$24M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	$99M	$99M
Q3 24	$276M	$276M

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$1M	1.3%
Q3 24	$3M	1.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 23	$1M	$57M	$1M
Q3 24	—	$67M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$775M	$8M	$783M
Q1 24	$0	$0	$0
Q4 24	$1.2B	$65M	$1.3B
Q1 25	$1.2B	$647M	$1.9B
Q2 25	$1.5B	$751M	$2.2B
Q3 25	$1.7B	$65M	$1.7B
Q4 25	$1.8B	$670M	$2.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 23	2M	—	—
Q3 24	200M	+9990.0%	—

Shares Outstanding