SLDE

MKT CAP:$2B

Slide Insurance Holdings, Inc. Common Stock

Market Cap

$2B

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

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$18.22-$0.34 (-1.83%)

Apr 23, 2026

Company Details

Slide Insurance Holdings, Inc. operates as a holding company. The company, through its subsidiaries, focuses on underwriting of single family and condominium policies in the property and casualty industry.

CEO

Bruce Thomas Lucas

IPO Date

Jun 18, 2025

Website

www.slideinsurance.com

Key Metrics TTM

Revenue

$1.0B

+37.4% YoY

Net Income

$349M

EPS (Diluted)

$2.69

Free Cash Flow

$531M

Revenue / Share

$7.48

Gross Margin

62.4%

Operating Margin

44.7%

Net Margin

33.3%

FCF Margin

50.7%

P/S

2.2x

P/E

6.5x

Earnings Reports

Q3 2025

Nov 5, 2025

$266M+32.8%EPS $0.79

Q2 2025

Aug 12, 2025

$262M+25.1%EPS $0.56

Q1 2025

Mar 31, 2025

$282M+41.4%EPS $0.74

FY 2024

Dec 31, 2024

$847M+80.7%EPS $1.61

Q4 2024

Dec 31, 2024

$238M+55.0%EPS $0.60

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$106M	-$9M	-$33M
Q2 23	$106M	$106M	$87M
Q3 23	$103M	$44M	$19M
Q4 23	$154M	$75M	$45M
Q1 24	$199M	$103M	$73M
Q2 24	$209M	$102M	$71M
Q3 24	$200M	$66M	$24M
Q4 24	$238M	$150M	$101M
Q1 25	$282M	$169M	$124M
Q2 25	$262M	$138M	$96M
Q3 25	$266M	$196M	$147M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	6.0x	32.0x
Q1 24	5.0x	22.9x
Q2 24	4.2x	17.9x
Q3 24	3.7x	17.6x
Q4 24	3.3x	13.9x
Q1 25	3.0x	11.7x
Q2 25	2.8x	10.6x
Q3 25	1.8x	5.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$131M	$130M
Q3 23	$22M	$21M
Q4 23	$159M	$154M
Q1 24	$190M	$187M
Q2 24	$86M	$84M
Q3 24	$120M	$115M
Q4 24	$158M	$158M
Q1 25	$97M	$96M
Q2 25	$254M	$253M
Q3 25	$25M	$24M

Capital Expenditures

Quarter	CapEx
Q2 23	$2M
Q3 23	$489.0K
Q4 23	$5M
Q1 24	$2M
Q2 24	$2M
Q3 24	$5M
Q4 24	$770.0K
Q1 25	$588.0K
Q2 25	$908.0K
Q3 25	$818.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+88.6%	-9.3%
Q2 24	+97.9%	+638.1%
Q3 24	+93.4%	+108.4%
Q4 24	+55.0%	+26.1%
Q1 25	+41.4%	+25.4%
Q2 25	+25.1%	+20.1%
Q3 25	+32.8%	-32.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$204.0K	0.2%
Q3 23	$416.0K	0.4%
Q4 23	$1M	0.9%
Q1 24	$272.0K	0.1%
Q2 24	$271.0K	0.1%
Q3 24	$259.0K	0.1%
Q4 24	$2M	0.9%
Q1 25	$3M	1.1%
Q2 25	$0	0.0%
Q3 25	$3M	1.1%

OpEx Breakdown

Quarter	G&A
Q1 23	$19M
Q2 23	$19M
Q3 23	$24M
Q4 23	$27M
Q1 24	$27M
Q2 24	$27M
Q3 24	$38M
Q4 24	$44M
Q1 25	$41M
Q2 25	$38M
Q3 25	$45M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$335M	$26M	$361M
Q1 24	$0	$0	$0
Q2 24	$382M	$46M	$428M
Q3 24	$434M	$42M	$477M
Q4 24	$493M	$57M	$550M
Q1 25	$614M	$58M	$671M
Q2 25	$936M	$39M	$976M
Q3 25	$862M	$42M	$903M
Q4 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	21M	—	—
Q2 23	21M	0.0%	—
Q3 23	200M	+849.8%	—
Q4 23	125M	-37.5%	—
Q1 24	125M	-0.0%	+493.3%
Q2 24	125M	0.0%	+493.3%
Q3 24	125M	0.0%	-37.5%
Q4 24	125M	0.0%	-0.0%
Q1 25	125M	0.0%	0.0%
Q2 25	126M	+0.8%	+0.8%
Q3 25	140M	+11.2%	+12.1%

Shares Outstanding