ARX
Accelerant Holdings
Company overview
- Market capitalization
- —
- Employees
- 862
- Latest publication
- 2026-09-29
About Accelerant Holdings
Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. It operates through Exchange Services, MGA Operations, and Underwriting segments. The Exchange Services segment consists of risk exchange, its operating platform that incorporates various technology, data ingestion, and agency operations that serve the needs of its members and risk capital partners. Its Risk capital partners write premiums directly through the Risk Exchange pay us a fixed-percentage, volume-based fee for sourcing, managing, and monitoring the business they write. The MGA Operations segment includes the fees earned by members, predominantly for originating and underwriting a portfolio of insurance policies, reduced by the expenses associated with providing services. The Underwriting segment is involved in underwriting insurance policies and assumption of reinsurance policies issued or accepted by consolidated insurance and reinsurance companies. The activities of insurance companies include property and casualty insurance, policy issuance, and reinsurance arrangements. It serves small-to-medium sized commercial clients primarily in the United States, Europe, Canada, Australia, and the United Kingdom. Accelerant Holdings was founded in 2018 and is based in Grand Cayman, Cayman Islands.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 356,900,000USD | 192,800,000USD | 209,400,000USD | 280,700,000USD | 204,200,000USD | 170,700,000USD | 169,540,000USD | 151,000,000USD |
| Selling General Administrative | 129,500,000USD | 123,800,000USD | 126,200,000USD | 127,800,000USD | 95,200,000USD | 75,900,000USD | 62,500,000USD | 71,600,000USD |
| General And Administrative Expenses | 129,500,000USD | — | — | — | — | — | — | — |
| Total Operating Expenses | 129,500,000USD | 109,000,000USD | 132,700,000USD | 1,564,600,000USD | 112,400,000USD | 92,900,000USD | 71,200,000USD | 86,900,000USD |
| Interest Expense | 2,400,000USD | 2,500,000USD | 30,900,000USD | 16,200,000USD | 6,900,000USD | 4,200,000USD | 1,500,000USD | 6,600,000USD |
| Income Before Tax | 87,400,000USD | 2,000,000USD | -2,200,000USD | -1,357,500,000USD | 22,300,000USD | 15,500,000USD | 23,240,000USD | 1,300,000USD |
| Income Tax Expense | 7,400,000USD | 6,100,000USD | -3,100,000USD | 9,500,000USD | 9,200,000USD | 7,700,000USD | 2,400,000USD | -8,100,000USD |
| Equity Method Income Loss | 1,700,000USD | — | — | — | — | — | — | — |
| Net Income | 80,000,000USD | -5,200,000USD | -600,000USD | -1,368,800,000USD | 8,800,000USD | 6,500,000USD | 21,000,000USD | 8,100,000USD |
| Minority Interest | 1,300,000USD | -1,100,000USD | -1,500,000USD | -1,800,000USD | -4,300,000USD | -1,300,000USD | 400,000USD | -1,300,000USD |
| Net Income Applicable To Common Shares | 78,700,000USD | — | -600,000USD | -1,439,700,000USD | 8,800,000USD | 6,500,000USD | — | — |
| Cost Of Revenue | — | 81,800,000USD | 78,900,000USD | 73,600,000USD | 69,500,000USD | 62,300,000USD | 75,100,000USD | 62,800,000USD |
| Gross Profit | — | 111,000,000USD | 130,500,000USD | 207,100,000USD | 134,700,000USD | 108,400,000USD | 94,440,000USD | 88,200,000USD |
| Unclassified Operating Expenses | — | -14,800,000USD | 6,500,000USD | 57,100,000USD | 17,200,000USD | 17,000,000USD | 1,900,001USD | 15,300,000USD |
| Operating Income | — | 2,000,000USD | -2,200,000USD | -1,357,500,000USD | 22,300,000USD | 15,500,000USD | 23,240,000USD | 1,300,000USD |
| Interest Income | — | 20,400,000USD | 22,200,000USD | 21,500,000USD | 12,500,000USD | 11,900,000USD | 2,300,000USD | 13,800,000USD |
| Net Interest Income | — | -14,100,000USD | -30,900,000USD | -16,200,000USD | -6,900,000USD | -4,200,000USD | -1,500,000USD | -6,600,000USD |
| Tax Provision | — | 6,100,000USD | -3,100,000USD | 9,500,000USD | 9,200,000USD | 7,700,000USD | 2,400,000USD | -8,100,000USD |
| Net Income From Continuing Ops | — | -4,100,000USD | 900,000USD | -1,367,000,000USD | 13,100,000USD | 7,800,000USD | 20,840,000USD | 9,400,000USD |
| Ebit | — | 4,500,000USD | 28,700,000USD | -1,341,300,000USD | 29,200,000USD | 19,700,000USD | 24,740,000USD | 7,900,000USD |
| Ebitda | — | 14,500,000USD | 38,200,000USD | -1,331,300,000USD | 37,500,000USD | 27,100,000USD | 35,140,000USD | 13,700,000USD |
| Depreciation And Amortization | — | 10,000,000USD | 9,500,000USD | 10,000,000USD | 8,300,000USD | 7,400,000USD | 10,400,000USD | 5,800,000USD |
| Reconciled Depreciation | — | 10,000,000USD | 9,500,000USD | 10,000,000USD | 8,300,000USD | 7,400,000USD | 10,400,000USD | 5,800,000USD |
| Selling And Marketing Expenses | — | — | — | 1,379,700,000USD | — | — | 2,099,999USD | — |
| Total Other Income Expense Net | — | — | — | -1,506,399,999USD | -23,800,000USD | -4,200,000USD | -11,800,000USD | -22,300,000USD |
| Research Development | — | — | — | — | — | — | 4,700,000USD | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Total Revenue | 879,500,000USD | 597,700,000USD | 329,700,000USD | 213,100,000USD | 103,200,000USD |
| Cost Of Revenue | 284,300,000USD | 248,700,000USD | 130,200,000USD | 134,500,000USD | 39,700,000USD |
| Gross Profit | 595,200,000USD | 349,000,000USD | 199,500,000USD | 78,600,000USD | 63,500,000USD |
| Selling General Administrative | 428,100,000USD | 262,400,000USD | 198,700,000USD | 121,200,000USD | 65,500,000USD |
| Selling And Marketing Expenses | 1,379,700,000USD | — | — | — | — |
| Unclassified Operating Expenses | 109,300,000USD | 54,600,000USD | 44,700,000USD | 41,700,000USD | 18,000,000USD |
| Total Operating Expenses | 1,917,100,000USD | 317,000,000USD | 243,400,000USD | 162,900,000USD | 83,500,000USD |
| Operating Income | -1,321,900,000USD | 32,000,000USD | -43,900,000USD | -84,300,000USD | -20,000,000USD |
| Interest Income | 79,000,000USD | 37,200,000USD | 16,700,000USD | 2,000,000USD | 200,000USD |
| Interest Expense | 69,000,000USD | 32,400,000USD | 15,100,000USD | 4,200,000USD | 2,900,000USD |
| Net Interest Income | -69,000,000USD | -19,100,000USD | -10,900,000USD | -4,200,000USD | -2,900,000USD |
| Income Before Tax | -1,321,900,000USD | 32,000,000USD | -43,900,000USD | -84,300,000USD | -20,000,000USD |
| Income Tax Expense | 23,300,000USD | 9,100,000USD | 20,200,000USD | 11,300,000USD | 4,300,000USD |
| Tax Provision | 23,300,000USD | 9,100,000USD | 20,200,000USD | 11,300,000USD | 4,300,000USD |
| Net Income | -1,354,100,000USD | 27,200,000USD | -48,800,000USD | -91,700,000USD | -21,500,000USD |
| Net Income From Continuing Ops | -1,345,200,000USD | 23,140,000USD | -64,100,000USD | -95,600,000USD | -24,300,000USD |
| Ebit | -1,252,900,000USD | 64,400,000USD | -28,800,000USD | -80,100,000USD | -17,100,000USD |
| Ebitda | -1,217,700,000USD | 91,000,000USD | -14,300,000USD | -74,300,000USD | -15,500,000USD |
| Depreciation And Amortization | 35,200,000USD | 26,600,000USD | 14,500,000USD | 5,800,000USD | 1,600,000USD |
| Reconciled Depreciation | 35,200,000USD | 26,600,000USD | 14,500,000USD | 5,800,000USD | 1,600,000USD |
| Total Other Income Expense Net | 20,000,000USD | -19,100,000USD | -10,900,000USD | -4,200,000USD | -2,900,000USD |
| Minority Interest | -8,900,000USD | 4,300,000USD | 15,300,000USD | 3,900,000USD | 2,900,000USD |
| Net Income Applicable To Common Shares | -1,425,000,000USD | 27,200,000USD | -48,800,000USD | -91,700,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 8,943,300,000USD | 8,604,100,000USD | 8,263,100,000USD | 7,859,400,000USD | 7,496,200,000USD | 6,664,100,000USD | 6,094,900,000USD | — |
| Cash And Equivalents | 1,572,800,000USD | — | 1,799,300,000USD | 1,675,900,000USD | 1,458,500,000USD | 1,290,700,000USD | — | — |
| Total Liabilities | 8,199,300,000USD | — | — | — | — | — | — | — |
| Total Stockholder Equity | 717,400,000USD | 692,600,000USD | 697,700,000USD | 676,099,999USD | 450,600,000USD | 374,100,000USD | 408,700,000USD | — |
| Total Equity Including Noncontrolling Interest | 744,000,000USD | — | — | — | — | — | — | — |
| Common Stock | 0USD | — | 220USD | 220USD | 0USD | 0USD | — | — |
| Retained Earnings | -1,463,400,000USD | -1,542,100,000USD | -1,536,900,000USD | -1,536,300,000USD | -167,500,000USD | -1,556,000,000USD | -182,800,000USD | — |
| Accumulated Other Comprehensive Income | -11,000,000USD | -8,800,000USD | 2,200,000USD | -1,500,000USD | 1,700,000USD | -11,200,000USD | -19,500,000USD | — |
| Intangible Assets | — | 214,400,000USD | 229,400,000USD | 212,200,000USD | 144,700,000USD | 143,200,000USD | 116,700,000USD | — |
| Total Liab | — | 7,884,200,000USD | 7,536,700,000USD | 7,155,600,000USD | 7,014,000,000USD | 6,261,500,000USD | 5,667,900,000USD | — |
| Other Current Liab | — | 3,723,300,000USD | 3,521,400,000USD | -273,300,000USD | 2,934,800,000USD | 2,592,000,000USD | 527,200,000USD | — |
| Capital Stock | — | 0USD | 0USD | 0USD | 486,200,000USD | 0USD | 486,200,000USD | — |
| Good Will | — | 111,900,000USD | 63,100,000USD | 116,500,000USD | 119,700,000USD | 114,900,000USD | 30,900,000USD | — |
| Other Assets | — | 5,085,600,000USD | 4,600,400,000USD | 4,423,100,000USD | 7,496,200,000USD | 6,664,100,000USD | — | — |
| Cash | — | 1,536,500,000USD | 1,799,300,000USD | 1,675,900,000USD | 1,458,500,000USD | 1,238,900,000USD | 1,225,700,000USD | — |
| Cash And Short Term Investments | — | 2,223,900,000USD | 2,511,300,000USD | 1,740,700,000USD | 2,209,900,000USD | 1,885,800,000USD | 1,290,500,000USD | — |
| Total Current Assets | — | 3,406,600,000USD | 7,744,000,000USD | 6,610,700,000USD | 7,042,300,000USD | 6,146,500,000USD | 5,251,700,000USD | — |
| Total Current Liabilities | — | 7,574,500,000USD | 7,201,500,000USD | 273,300,000USD | 6,941,500,000USD | 6,228,600,000USD | 541,800,000USD | — |
| Current Deferred Revenue | — | 2,207,500,000USD | 2,163,000,000USD | — | 2,408,000,000USD | 2,181,000,000USD | — | — |
| Net Debt | — | -1,415,800,000USD | -1,678,000,000USD | -1,554,000,000USD | -1,331,800,000USD | -1,117,400,000USD | -1,104,300,000USD | — |
| Short Long Term Debt Total | — | 120,700,000USD | 121,300,000USD | 121,900,000USD | 126,700,000USD | 121,500,000USD | 121,400,000USD | — |
| Long Term Debt | — | 120,700,000USD | 121,300,000USD | 121,900,000USD | 126,700,000USD | 121,500,000USD | 121,400,000USD | — |
| Long Term Investments | — | 902,000,000USD | 722,400,000USD | 796,100,000USD | 761,600,000USD | 655,800,000USD | 562,500,000USD | — |
| Short Term Investments | — | 687,400,000USD | 712,000,000USD | 64,800,000USD | 751,400,000USD | 646,900,000USD | 64,800,000USD | — |
| Net Receivables | — | 1,182,700,000USD | 3,399,500,000USD | 4,870,000,000USD | 2,890,900,000USD | 2,535,700,000USD | 3,729,500,000USD | — |
| Accounts Payable | — | 1,643,700,000USD | 1,517,100,000USD | 273,300,000USD | 1,539,200,000USD | 1,398,600,000USD | 13,800,000USD | — |
| Common Stock Shares Outstanding | — | 221,984,101shares | 221,821,270shares | 206,064,119shares | 219,986,563shares | 216,666,667shares | 216,666,667shares | 216,666,667shares |
| Non Current Assets Total | — | 111,900,000USD | 519,100,000USD | 1,248,700,000USD | 453,900,000USD | 517,600,000USD | 843,200,000USD | — |
| Non Current Liabilities Total | — | 4,177,200,000USD | 335,200,000USD | 6,882,300,000USD | 72,500,000USD | 32,900,000USD | 5,126,100,000USD | — |
| Non Currrent Assets Other | — | -198,500,000USD | 54,400,000USD | 223,500,000USD | 74,300,000USD | 153,300,000USD | 157,500,000USD | — |
| Unclassified Non Current Assets | — | -6,202,000,000USD | -5,150,600,000USD | -4,522,700,000USD | -8,142,600,000USD | -7,213,700,000USD | -24,400,000USD | — |
| Unclassified Non Current Liabilities | — | 4,056,500,000USD | 213,900,000USD | 6,760,400,000USD | -54,200,000USD | -88,600,000USD | 5,004,700,000USD | — |
| Unclassified Equity | — | 2,243,500,000USD | 2,232,399,780USD | 2,213,899,779USD | 130,200,000USD | 1,941,300,000USD | 124,800,000USD | — |
| Other Current Assets | — | — | 1,833,200,000USD | -3,948,000,000USD | 1,941,500,000USD | 1,725,000,000USD | 231,700,000USD | — |
| Short Term Debt | — | — | 3,100,000USD | 0USD | 5,000,000USD | 0USD | 800,000USD | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Total Assets | 8,263,100,000USD | 6,094,900,000USD | 3,737,200,000USD | 2,199,100,000USD | 1,155,500,000USD |
| Intangible Assets | 229,400,000USD | 116,700,000USD | 99,900,000USD | 74,800,000USD | 46,700,000USD |
| Other Current Assets | 1,833,200,000USD | 231,700,000USD | 233,800,000USD | 625,300,000USD | 274,200,000USD |
| Total Liab | 7,536,700,000USD | 5,667,900,000USD | 3,450,500,000USD | 1,849,100,000USD | 899,400,000USD |
| Total Stockholder Equity | 697,700,000USD | 408,700,000USD | 310,500,000USD | 354,500,000USD | 257,900,000USD |
| Other Current Liab | 3,521,400,000USD | 527,200,000USD | 91,600,000USD | -191,900,000USD | -162,200,000USD |
| Common Stock | 220USD | 0USD | 0USD | 0USD | — |
| Capital Stock | 0USD | 486,200,000USD | 381,800,000USD | 381,100,000USD | 173,800,000USD |
| Retained Earnings | -1,536,900,000USD | -182,800,000USD | -210,000,000USD | -161,200,000USD | -69,500,000USD |
| Good Will | 63,100,000USD | 30,900,000USD | 20,700,000USD | 18,300,000USD | 12,600,000USD |
| Other Assets | 4,600,400,000USD | 6,094,900,000USD | 3,737,200,000USD | 2,199,100,000USD | 1,155,500,000USD |
| Cash | 1,799,300,000USD | 1,225,700,000USD | 775,400,000USD | 446,200,000USD | 301,900,000USD |
| Cash And Equivalents | 1,799,300,000USD | 1,273,000,000USD | 775,400,000USD | 446,200,000USD | — |
| Cash And Short Term Investments | 2,511,300,000USD | 1,290,500,000USD | 783,400,000USD | 509,000,000USD | 340,100,000USD |
| Total Current Assets | 7,744,000,000USD | 5,251,700,000USD | 3,284,100,000USD | 1,793,500,000USD | 909,500,000USD |
| Total Current Liabilities | 7,201,500,000USD | 541,800,000USD | 101,100,000USD | 201,800,000USD | 80,600,000USD |
| Current Deferred Revenue | 2,163,000,000USD | 193,000,000USD | 120,400,000USD | 84,500,000USD | 30,200,000USD |
| Net Debt | -1,678,000,000USD | -1,104,300,000USD | -655,100,000USD | -345,700,000USD | -252,000,000USD |
| Short Term Debt | 3,100,000USD | 800,000USD | 0USD | 0USD | — |
| Short Long Term Debt Total | 121,300,000USD | 121,400,000USD | 120,300,000USD | 100,500,000USD | 49,900,000USD |
| Long Term Debt | 121,300,000USD | 121,400,000USD | 120,300,000USD | 100,500,000USD | 49,900,000USD |
| Long Term Investments | 722,400,000USD | 562,500,000USD | 226,900,000USD | 260,500,000USD | 146,900,000USD |
| Short Term Investments | 712,000,000USD | 64,800,000USD | 8,000,000USD | 6,100,000USD | 14,500,000USD |
| Net Receivables | 3,399,500,000USD | 3,729,500,000USD | 2,266,900,000USD | 659,200,000USD | 295,200,000USD |
| Accounts Payable | 1,517,100,000USD | 13,800,000USD | 9,500,000USD | 277,400,000USD | 192,200,000USD |
| Accumulated Other Comprehensive Income | 2,200,000USD | -19,500,000USD | -7,500,000USD | -10,900,000USD | 8,100,000USD |
| Common Stock Shares Outstanding | 190,260,158shares | 216,666,667shares | 216,666,667shares | 165,604,641shares | 216,666,667shares |
| Non Current Assets Total | 519,100,000USD | 843,200,000USD | 453,100,000USD | 405,600,000USD | 246,000,000USD |
| Non Current Liabilities Total | 335,200,000USD | 5,126,100,000USD | 3,349,400,000USD | 1,647,300,000USD | 818,800,000USD |
| Non Currrent Assets Other | 54,400,000USD | 157,500,000USD | 93,000,000USD | 45,200,000USD | 51,200,000USD |
| Unclassified Non Current Assets | -5,150,600,000USD | -6,119,300,000USD | -3,724,600,000USD | -2,192,300,000USD | -1,166,900,000USD |
| Unclassified Non Current Liabilities | 213,900,000USD | 5,004,700,000USD | 3,229,100,000USD | 1,546,800,000USD | 768,900,000USD |
| Unclassified Equity | 2,232,399,780USD | 124,800,000USD | 146,200,000USD | 145,500,000USD | 145,500,000USD |
| Unclassified Current Liabilities | — | -193,000,000USD | -120,400,000USD | -160,100,000USD | -141,800,000USD |
| Unclassified Current Assets | — | — | — | 56,700,000USD | 23,700,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Depreciation | 20,400,000USD |
| Stock Based Compensation | 51,700,000USD |
| Deferred Income Tax | 1,700,000USD |
| Other Non Cash Items | -400,000USD |
| Change In Working Capital | -13,800,000USD |
| Operating Cash Flow | -90,000,000USD |
| Net Investments | 82,100,000USD |
| Other Investing Activities | -8,800,000USD |
| Unclassified Investing Cash Flow | -15,200,000USD |
| Investing Cash Flow | 58,100,000USD |
| Net Common Stock Issuance | -82,600,000USD |
| Other Financing Activities | -11,600,000USD |
| Unclassified Financing Cash Flow | -3,300,000USD |
| Financing Cash Flow | -97,500,000USD |
| Effect Of Forex Changes On Cash | -13,600,000USD |
| Change In Cash | -143,000,000USD |
| End Cash Flow | 1,656,300,000USD |
| Source | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | -4,099,999USD | 900,000USD | -1,367,000,000USD | 13,100,000USD | 7,800,000USD | 20,100,000USD | 8,100,000USD | -9,200,000USD |
| Depreciation | 10,000,000USD | 9,500,000USD | 10,000,000USD | 8,300,000USD | 7,400,000USD | 10,400,000USD | 5,800,000USD | 5,500,000USD |
| Stock Based Compensation | 28,800,000USD | 20,500,000USD | 17,200,000USD | 3,000,000USD | 2,400,000USD | 2,100,000USD | 2,500,000USD | 1,600,000USD |
| Other Non Cash Items | 299,999USD | -400,000USD | 1,336,300,000USD | 11,700,000USD | -3,000,000USD | -27,400,000USD | 182,900,000USD | -3,000,000USD |
| Change To Account Receivables | -279,300,000USD | -351,200,000USD | 10,000,000USD | -306,100,000USD | -246,400,000USD | -216,000,000USD | -83,900,000USD | -272,800,000USD |
| Change In Working Capital | -56,000,000USD | 51,600,000USD | 78,500,000USD | 192,400,000USD | 76,900,000USD | 241,700,000USD | 77,100,000USD | 135,800,000USD |
| Total Cash From Operating Activities | -21,400,000USD | 61,900,000USD | 73,900,000USD | 217,500,000USD | 91,800,000USD | 241,600,000USD | 276,400,000USD | 123,200,000USD |
| Capital Expenditures | -6,700,000USD | -11,600,000USD | 17,300,000USD | -10,700,000USD | -6,600,000USD | -9,100,000USD | -11,200,000USD | -8,400,000USD |
| Free Cash Flow | -21,400,000USD | 50,300,000USD | 91,200,000USD | 206,800,000USD | 85,200,000USD | 232,500,000USD | 276,400,000USD | 114,800,000USD |
| Investments | -193,800,000USD | 77,300,000USD | -55,500,000USD | -93,100,000USD | -89,700,000USD | -148,900,000USD | -68,200,000USD | -72,700,000USD |
| Total Cashflows From Investing Activities | -211,600,000USD | 62,600,000USD | -55,500,000USD | -93,100,000USD | -89,700,000USD | -148,900,000USD | -68,200,000USD | -72,700,000USD |
| Net Borrowings | -800,000USD | -800,000USD | -5,000,000USD | 5,000,000USD | 0USD | 0USD | 300,000USD | — |
| Total Cash From Financing Activities | -19,200,000USD | -1,600,000USD | 208,600,000USD | 3,200,000USD | -2,300,000USD | 113,700,000USD | -400,000USD | -1,100,000USD |
| Sale Purchase Of Stock | -12,200,000USD | 175,300,000USD | -175,300,000USD | — | 0USD | — | — | — |
| Change In Cash | -262,800,000USD | 123,400,000USD | 217,400,000USD | 167,800,000USD | 17,700,000USD | 188,200,000USD | 213,900,000USD | 46,200,000USD |
| Begin Period Cash Flow | 1,799,300,000USD | 1,675,900,000USD | 1,458,500,000USD | 1,290,700,000USD | 1,273,000,000USD | 1,085,000,000USD | 871,100,000USD | 824,900,000USD |
| End Period Cash Flow | 1,536,500,000USD | 1,799,300,000USD | 1,675,900,000USD | 1,458,500,000USD | 1,290,700,000USD | 1,273,200,000USD | 1,085,000,000USD | 871,100,000USD |
| Other Cashflows From Investing Activities | -210,100,000USD | 64,300,000USD | -230,300,000USD | -1,200,000USD | -900,000USD | -500,000USD | -68,200,000USD | -1,000,000USD |
| Other Cashflows From Financing Activities | -6,200,000USD | 215,100,000USD | -3,100,000USD | -1,800,000USD | -2,300,000USD | 113,700,000USD | 49,000,000USD | -600,000USD |
| Unclassified Investing Cash Flow | 199,000,000USD | -67,400,000USD | 213,000,000USD | 11,900,000USD | 7,500,000USD | 9,600,000USD | 79,400,000USD | 9,400,000USD |
| Issuance Of Capital Stock | — | 0USD | — | — | — | 114,500,000USD | — | — |
| Unclassified Operating Cash Flow | — | -20,200,000USD | -1,100,000USD | -11,000,000USD | — | -5,300,000USD | — | -7,500,000USD |
| Unclassified Financing Cash Flow | — | -391,200,000USD | 392,000,000USD | — | — | -114,500,000USD | -49,700,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Net Income | -1,345,200,000USD | 22,400,000USD | -64,100,000USD | -96,400,000USD | -24,400,000USD |
| Depreciation | 35,200,000USD | 26,600,000USD | 14,500,000USD | 5,800,000USD | 1,600,000USD |
| Stock Based Compensation | 43,100,000USD | 8,400,000USD | 4,800,000USD | 0USD | — |
| Other Non Cash Items | 1,346,200,000USD | -32,100,000USD | -22,100,000USD | 4,200,000USD | 9,500,000USD |
| Change To Account Receivables | -1,067,200,000USD | -782,500,000USD | -636,700,000USD | -370,100,000USD | -181,900,000USD |
| Change In Working Capital | 397,800,000USD | 801,100,000USD | 356,500,000USD | 157,900,000USD | 127,700,000USD |
| Total Cash From Operating Activities | 445,100,000USD | 785,500,000USD | 289,900,000USD | 65,700,000USD | 112,700,000USD |
| Capital Expenditures | -41,400,000USD | -34,400,000USD | -32,600,000USD | -26,700,000USD | -14,700,000USD |
| Free Cash Flow | 403,700,000USD | 751,100,000USD | 257,300,000USD | 39,000,000USD | 98,000,000USD |
| Investments | -121,300,000USD | -380,100,000USD | -11,700,000USD | -147,500,000USD | -132,500,000USD |
| Total Cashflows From Investing Activities | -173,600,000USD | -380,100,000USD | -11,700,000USD | -147,500,000USD | -132,500,000USD |
| Net Borrowings | -800,000USD | -700,000USD | 18,000,000USD | 51,300,000USD | 49,500,000USD |
| Total Cash From Financing Activities | 205,800,000USD | 110,300,000USD | 10,300,000USD | 254,700,000USD | 233,700,000USD |
| Sale Purchase Of Stock | -175,300,000USD | 114,500,000USD | 700,000USD | 204,800,000USD | — |
| Issuance Of Capital Stock | 392,000,000USD | 114,500,000USD | 700,000USD | 204,800,000USD | 184,200,000USD |
| Change In Cash | 526,300,000USD | 497,400,000USD | 291,800,000USD | 158,300,000USD | 216,100,000USD |
| Begin Period Cash Flow | 1,273,000,000USD | 775,800,000USD | 484,000,000USD | 325,700,000USD | 85,800,000USD |
| End Period Cash Flow | 1,799,300,000USD | 1,273,200,000USD | 775,800,000USD | 484,000,000USD | 301,900,000USD |
| Other Cashflows From Investing Activities | -500,000USD | -1,300,000USD | -100,000USD | 600,000USD | -100,000USD |
| Other Cashflows From Financing Activities | -10,100,000USD | 111,000,000USD | -7,700,000USD | 203,400,000USD | 153,300,000USD |
| Unclassified Operating Cash Flow | -32,000,000USD | -40,900,000USD | — | -5,800,000USD | -1,700,000USD |
| Unclassified Investing Cash Flow | -10,400,000USD | 35,700,000USD | 32,700,000USD | 26,100,000USD | 14,800,000USD |
| Unclassified Financing Cash Flow | 392,000,000USD | -114,500,000USD | — | -204,800,000USD | -153,300,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q1 2026Quarterly · 2026-03-31 | Geography | North America | 170,700,000 | USD | 0001997350-26-000011 |
| Q1 2026Quarterly · 2026-03-31 | Geography | United Kingdom And European Union | 102,600,000 | USD | 0001997350-26-000011 |
| Q4 2025Quarterly · 2025-12-31 | Geography | North America | 131,800,000 | USD | Legacy provider |
| Q4 2025Quarterly · 2025-12-31 | Geography | United Kingdom And European Union | 116,600,000 | USD | Legacy provider |
| FY 2025Yearly · 2025-12-31 | Geography | North America | 510,400,000 | USD | 0001997350-26-000003 |
| FY 2025Yearly · 2025-12-31 | Geography | United Kingdom And European Union | 402,500,000 | USD | 0001997350-26-000003 |
| FY 2025Yearly · 2025-12-31 | Segment | Exchange Services | 334,900,000 | USD | 0001997350-26-000003 |
| FY 2025Yearly · 2025-12-31 | Segment | MGAOperations | 249,100,000 | USD | 0001997350-26-000003 |
| FY 2025Yearly · 2025-12-31 | Segment | Underwriting | 430,900,000 | USD | 0001997350-26-000003 |
| Q3 2025Quarterly · 2025-09-30 | Geography | North America | 160,900,000 | USD | 0001997350-25-000012 |
| Q3 2025Quarterly · 2025-09-30 | Geography | United Kingdom And European Union | 106,500,000 | USD | 0001997350-25-000012 |
| Q3 2025Quarterly · 2025-09-30 | Segment | Exchange Services | 85,000,000 | USD | 0001997350-25-000012 |
| Q3 2025Quarterly · 2025-09-30 | Segment | MGAOperations | 80,800,000 | USD | 0001997350-25-000012 |
| Q3 2025Quarterly · 2025-09-30 | Segment | Underwriting | 117,600,000 | USD | 0001997350-25-000012 |
| Q2 2025Quarterly · 2025-06-30 | Geography | North America | 130,300,000 | USD | 0001997350-25-000004 |
| Q2 2025Quarterly · 2025-06-30 | Geography | United Kingdom And European Union | 88,800,000 | USD | 0001997350-25-000004 |
| Q2 2025Quarterly · 2025-06-30 | Segment | Exchange Services | 85,700,000 | USD | 0001997350-25-000004 |
| Q2 2025Quarterly · 2025-06-30 | Segment | MGAOperations | 58,100,000 | USD | 0001997350-25-000004 |
| Q2 2025Quarterly · 2025-06-30 | Segment | Underwriting | 110,200,000 | USD | 0001997350-25-000004 |
| Q1 2025Quarterly · 2025-03-31 | Geography | North America | 87,400,000 | USD | 0001997350-26-000011 |
| Q1 2025Quarterly · 2025-03-31 | Geography | United Kingdom And European Union | 90,600,000 | USD | 0001997350-26-000011 |
| FY 2024Yearly · 2024-12-31 | Geography | North America | 399,200,000 | USD | 0001997350-26-000003 |
| FY 2024Yearly · 2024-12-31 | Geography | United Kingdom And European Union | 203,400,000 | USD | 0001997350-26-000003 |
| FY 2024Yearly · 2024-12-31 | Segment | Exchange Services | 222,700,000 | USD | 0001997350-26-000003 |
| FY 2024Yearly · 2024-12-31 | Segment | MGAOperations | 149,700,000 | USD | 0001997350-26-000003 |
| FY 2024Yearly · 2024-12-31 | Segment | Underwriting | 341,100,000 | USD | 0001997350-26-000003 |
| Q3 2024Quarterly · 2024-09-30 | Geography | North America | 90,600,000 | USD | 0001997350-25-000012 |
| Q3 2024Quarterly · 2024-09-30 | Geography | United Kingdom And European Union | 63,100,000 | USD | 0001997350-25-000012 |
| Q3 2024Quarterly · 2024-09-30 | Segment | Exchange Services | 63,600,000 | USD | 0001997350-25-000012 |
| Q3 2024Quarterly · 2024-09-30 | Segment | MGAOperations | 42,900,000 | USD | 0001997350-25-000012 |
| Q3 2024Quarterly · 2024-09-30 | Segment | Underwriting | 83,700,000 | USD | 0001997350-25-000012 |
| Q2 2024Quarterly · 2024-06-30 | Geography | North America | 85,100,000 | USD | 0001997350-25-000004 |
| Q2 2024Quarterly · 2024-06-30 | Geography | United Kingdom And European Union | 45,000,000 | USD | 0001997350-25-000004 |
| Q2 2024Quarterly · 2024-06-30 | Segment | Exchange Services | 53,700,000 | USD | 0001997350-25-000004 |
| Q2 2024Quarterly · 2024-06-30 | Segment | MGAOperations | 32,900,000 | USD | 0001997350-25-000004 |
| Q2 2024Quarterly · 2024-06-30 | Segment | Underwriting | 79,300,000 | USD | 0001997350-25-000004 |
| FY 2023Yearly · 2023-12-31 | Geography | North America | 201,900,000 | USD | 0001997350-26-000003 |
| FY 2023Yearly · 2023-12-31 | Geography | United Kingdom And European Union | 142,100,000 | USD | 0001997350-26-000003 |
| FY 2023Yearly · 2023-12-31 | Segment | Exchange Services | 123,300,000 | USD | 0001997350-26-000003 |
| FY 2023Yearly · 2023-12-31 | Segment | MGAOperations | 112,100,000 | USD | 0001997350-26-000003 |
| FY 2023Yearly · 2023-12-31 | Segment | Underwriting | 201,300,000 | USD | 0001997350-26-000003 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.