Friday 6 November 2026 Export ARX’s income statement to Excel — free account

Accelerant Holdings

ARX Financial Insurance Brokers

Accelerant Holdings' revenue for fiscal 2025 (year ended December 2025) was $912.9 million, up 51.5% from fiscal 2024.

Revenue: +62.9%
EPS: +620.0%
Free cash flow: −139.6%
Total debt: −5.21%

Quarter to June 2026, against a year earlier

Insider buying

19.88 0.00 0.00%

Follow ARX

Alert me

Market cap: $4.3B
P/E: 0.0×
Fwd P/E: 46.1×
Dividend yield: —
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Bought, $m 0.01

Sold, $m 21.58

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	—	—	5	7	5	—	—	—

Insider Ownership 72.90%

Capital & Financial Ratios $m

Size

Market Cap 4,320.00

Revenue ttm 1,146.00

Net income ttm (1,290.20)

Free cash flow ttm 1.80

Net debt Q (1,536.20)

Valuation

P/E 0.00

Forward P/E 46.10

Price / sales 3.79

Forward P/S Powerpack

Price / FCF 2,412.24

Price / book 5.84

Financial health

Current ratio Q 1.51

Debt / equity Q 0.16

Interest coverage Q 46.04

Growth

Revenue growth Q +62.89%

Operating income growth Q +111.69%

EPS, this year −5.11%

EPS, next year A +4.21%

Revenue, next year A +25.31%

EPS, past 5 yrs —

EPS, next 5 yrs A +8.80%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	775	1,273	1,799	1,656
Receivables	2,005	3,420	4,573	5,025
Inventory	—	—	—	—
Other	—	—	—	—
	2,781	4,693	6,372	6,682

	2023	2024	2025	Q'26
Payables	1,766	3,312	3,977	4,416
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,766	3,312	3,977	4,416

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	—	—	—
Earnings	—	—	—
Book Value	—	—	—

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.16 Actual 0.32

0.13 0.20 0.27 0.34 0.41

Q3 FY25 Beat +0.16

Q4 FY25 Beat +0.07

Q1 FY26 Beat +0.01

Q2 FY26 Beat +0.16

Q3 FY26 — Nov 11

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	0.22	0.38	Beat by 0.16
Q4 FY25	0.16	0.23	Beat by 0.07
Q1 FY26	0.16	0.17	Beat by 0.01
Q2 FY26	0.16	0.32	Beat by 0.16
Q3 FY26	0.20	—	Reports 11 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.02)	0.36	—	—	—
’25	0.03	0.04	(6.99)	0.00	(7.49)
’24	0.01	(0.06)	0.05	0.11	0.14

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	273	357	—	—	—
’25	178	219	267	248	913
’24	128	130	154	191	603

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(21)	(69)	—	—	—
’25	92	218	74	62	445
’24	144	123	276	242	786

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(28)	(82)	—	—	—
’25	85	207	61	50	404
’24	139	115	265	233	751

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	344	603	913	1,146		+62.9%	1,144	1,248	1,492	+17.8%
	Gross margin, %	—	—	—	—	—	—	—	100.00	100.00	100.00	100.00		0.0 pt	Powerpack Accelerant Holdings’s next three years, line by line Analysts expect revenue to grow 17.8% a year to 2028 — slower than the 62.9% of the last 2 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	—	—	—	—	—	—	—	(44)	32	(1,322)	(1,270)		+448.7%
	EBT margin, %	—	—	—	—	—	—	—	(12.76)	5.31	(144.80)	(110.85)		(132.0) pt
	Net income	—	—	—	—	—	—	—	(64)	23	(1,345)	(1,290)		+358.1%
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	—	2.08	3.63	4.80	5.25		+52.0%
	Earnings	—	—	—	—	—	—	—	(0.29)	0.16	(7.49)	(6.65)		+408.2%
	Cash flow	—	—	—	—	—	—	—	1.75	4.73	2.34	0.21		+15.6%
	Capex	—	—	—	—	—	—	—	(0.20)	(0.21)	(0.22)	(0.20)		+5.1%
	Free cash flow	—	—	—	—	—	—	—	1.55	4.53	2.12	0.01		+16.8%
	Book value	—	—	—	—	—	—	—	1.73	1.94	3.82	3.41		+48.5%
	Shares, m	—	—	—	—	—	—	—	166	166	190	209		+7.2%
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	97.86	97.86	0.00	0.00		65.2
	P/S	—	—	—	—	—	—	—	5.94	5.94	3.41	3.79		5.1
	P/B	—	—	—	—	—	—	—	0.00	0.00	4.28	5.84		1.4
	EV/Sales	—	—	—	—	—	—	—	4.14	4.14	1.57	—		3.3
	EV/FCF	—	—	—	—	—	—	—	3.89	3.89	3.55	—		3.8
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	—	290	786	445	46		+23.9%
	Capex	—	—	—	—	—	—	—	(33)	(34)	(41)	(44)		+12.7%
	Free cash flow	—	—	—	—	—	—	—	257	751	404	2		+25.2%
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	—	1,015	1,381	2,395	2,266		+53.6%
	Net debt	—	—	—	—	—	—	—	(655)	(1,152)	(1,678)	(1,536)		+60.0%
	Shareholders’ equity	—	—	—	—	—	—	—	287	323	726	744		+59.2%
Returns, %
Returns, %	ROA	—	—	—	—	—	—	—	0.00	0.55	(19.85)	(16.63)		(19.8) pt
	ROIC	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00		0.0 pt
	ROE	—	—	—	—	—	—	—	0.00	(35.26)	(427.16)	(369.41)		(427.2) pt
People
People	Employees	—	—	—	—	—	—	—	—	451	574	—		+27.3%
	Revenue/emp, $m	—	—	—	—	—	—	—	0.00	1.34	1.59	—		n/m

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ERIE Erie Indemnity Company	$13.3B	22.9×	20.6×	+0.30% (above 0%: growing)	+0.25% (above 0%: growing)	+0.52% (above 0%: growing)	19.38%	19.38%	Compare
RYAN Ryan Specialty Holdings Inc.	$12.1B	57.8×	48.0×	+4.69% (above 0%: growing)	+25.00% (above 0%: growing)	+4.14% (above 0%: growing)	100.00%	17.83%	Compare
BWIN Baldwin Insurance Group, Inc.	$4.5B	— (loss-making)	— (loss-making)	+30.13% (above 0%: growing)	n/m	+208.10% (above 0%: growing)	31.81%	(1.69%)	Compare
CRVL CorVel Corp.	$4.3B	35.9×	—	+11.47% (above 0%: growing)	+24.89% (above 0%: growing)	+8.94% (above 0%: growing)	27.07%	17.16%	Compare
ARX Accelerant Holdings	$4.3B	— (loss-making)	46.1×	+62.89% (above 0%: growing)	+620.00% (above 0%: growing)	−139.56% (below 0%: shrinking)	100.00%	30.96%
NP Neptune Insurance Holdings Inc.	$3.9B	86.7×	77.9×	+34.27% (above 0%: growing)	+116.67% (above 0%: growing)	+66.53% (above 0%: growing)	100.00%	46.95%	Compare
LIFE Ethos Technologies Inc.	$2.1B	— (loss-making)	— (loss-making)	+164.74% (above 0%: growing)	−93.50% (below 0%: shrinking)	+209.99% (above 0%: growing)	100.00%	1.64%	Compare
GSHD Goosehead Insurance	$2.0B	39.4×	32.3×	+20.59% (above 0%: growing)	+110.00% (above 0%: growing)	−63.75% (below 0%: shrinking)	100.00%	23.45%	Compare
TWFG TWFG, Inc.	$1.6B	51.3×	36.1×	+24.63% (above 0%: growing)	−18.18% (below 0%: shrinking)	+0.49% (above 0%: growing)	47.58%	11.30%	Compare
Median of peers	$4.1B	45.3×	36.1×	+22.61%	+24.89%	+6.54%	73.79%	17.50%

All 23 Insurance Brokers stocks →