FIHL (Fidelis Insurance Holdings Limited) Stock Financials & Earnings | Market Cap Arena

FIHL (Fidelis Insurance Holdings Limited) Stock Financials & Earnings | Market Cap Arena

FIHLFidelis Insurance Holdings Limited

Mkt Cap$2B

Financial Services·Insurance - Diversified·🇧🇲 Bermuda·NYSE

Revenue (TTM)$2.4B

Net Income (TTM)$226M

EPS (TTM)$2.21

Free Cash Flow (TTM)-$410M

Gross Margin27.1%

Op. Margin11.4%

Net Margin9.3%

FCF Margin-16.9%

P/S Ratio (TTM)0.8x

P/E Ratio (TTM)8.7x

YoY Rev Growth+3.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.1B	$1.8B	$1.7B
Q2 23	$453M	$120M	$91M
Q3 23	$540M	$127M	$96M
Q4 23	$549M	$161M	$126M
Q1 24	$446M	$127M	$95M
Q2 24	$538M	$98M	$63M
Q3 24	$681M	$150M	$118M
Q4 24	$680M	$680M	-$140M
Q1 25	$578M	-$20M	-$50M
Q2 25	$591M	$55M	$22M
Q3 25	$650M	$203M	$161M
Q4 25	$601M	$418M	$143M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.4x	0.6x
Q2 23	0.4x	0.6x
Q3 23	0.4x	0.5x
Q4 23	0.5x	0.9x
Q1 24	1.0x	4.1x
Q2 24	0.9x	4.4x
Q3 24	0.9x	4.2x
Q4 24	0.8x	17.4x
Q1 25	0.8x	—
Q2 25	0.8x	—
Q3 25	0.8x	—
Q4 25	0.8x	8.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$102M	-$103M
Q2 23	$250M	$249M
Q3 23	$149M	$149M
Q4 23	$197M	$193M
Q1 24	-$35M	-$36M
Q2 24	$209M	$207M
Q3 24	$319M	$317M
Q4 24	$126M	$125M
Q1 25	-$433M	-$433M
Q2 25	-$359M	-$359M
Q3 25	$155M	$155M
Q4 25	$229M	$229M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$900K
Q2 23	$900K
Q3 23	$0
Q4 23	$5M
Q1 24	$300K
Q2 24	$2M
Q3 24	$2M
Q4 24	$700K
Q1 25	$300K
Q2 25	$100K
Q3 25	$600K
Q4 25	$200K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+547.2%	+7.9%
Q2 23	+37.0%	+15.1%
Q3 23	+23.5%	+1.7%
Q4 23	-73.3%	+22.4%
Q1 24	-78.3%	+11.2%
Q2 24	+18.6%	+31.1%
Q3 24	+26.2%	+26.8%
Q4 24	+24.0%	+93.8%
Q1 25	+29.5%	+79.0%
Q2 25	+10.0%	+19.9%
Q3 25	-4.6%	-13.1%
Q4 25	-11.7%	-44.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$21M	1.0%
Q2 23	$1M	0.3%
Q3 23	$0	0.0%
Q4 23	$3M	0.5%
Q1 24	$3M	0.7%
Q2 24	$2M	0.3%
Q3 24	$2M	0.3%
Q4 24	$0	0.0%
Q1 25	$1M	0.2%
Q2 25	$0	0.0%
Q3 25	$2M	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$17M
Q2 23	$19M
Q3 23	$22M
Q4 23	$26M
Q1 24	$24M
Q2 24	$24M
Q3 24	$23M
Q4 24	$24M
Q1 25	$22M
Q2 25	$22M
Q3 25	$27M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$431M	$2.8B	$3.2B
Q2 23	$557M	$711M	$1.3B
Q3 23	$569M	$647M	$1.2B
Q4 23	$712M	$605M	$1.3B
Q1 24	$672M	$3.3B	$4.0B
Q2 24	$629M	$3.5B	$4.1B
Q3 24	$807M	$3.7B	$4.5B
Q4 24	$743M	$370M	$1.1B
Q1 25	$733M	$3.2B	$4.0B
Q2 25	$919M	$2.9B	$3.8B
Q3 25	$893M	$2.9B	$3.8B
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	118M	-40.8%
Q2 23	111M	-6.0%
Q3 23	118M	+6.5%
Q4 23	118M	+0.2%
Q1 24	118M	+0.1%
Q2 24	118M	-0.6%
Q3 24	115M	-2.5%
Q4 24	112M	-2.6%
Q1 25	112M	-0.2%
Q2 25	109M	-2.2%
Q3 25	105M	-3.8%
Q4 25	101M	-3.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$144M	25
FY 24	$97M	25
FY 25	$100M	25