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Accelerant Holdings (ARX)

As-reported financials and SEC filings for Accelerant Holdings. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Accelerant Holdings

Accelerant Holdings operates a data-driven risk exchange platform that connects specialty insurance underwriters, primarily managing general agents, with risk capital partners such as insurers, reinsurers, and institutional investors. The platform uses proprietary technology to aggregate and analyze insurance policy data, facilitating efficient risk transfer and portfolio management. Accelerant serves specialty underwriters by providing operational support and stable underwriting capacity, while offering capital partners access to a diversified portfolio of specialty insurance risks.

Snapshot

Revenue
$912.9M
Revenue growth (YoY)
51.5%
Net income
$-1.35B
Diluted EPS
$-7.49
Gross margin
Operating margin
Net margin
FCF margin
ROE
-185.2%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$4.30B
Long-term debt / equity
0.17×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Accelerant Holdings

  • Revenue grew 51.5% to $913M in FY2025, slower than the 75.2% the year before.
  • Most recent quarter Q2 FY2026: revenue $357M, up 62.9% from Q2 FY2025.
  • Net income turned to a $1.3B loss in FY2025, from a $23M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Accelerant Holdings’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+51.5%
92nd percentile of 88
ROE-185.2%
6th percentile of 73
Long-term debt / equity0.17×
36th percentile of 48
Short interest1.00d
1st percentile of 87

Accelerant Holdings’s return on equity of -185.2% ranks in the 6th percentile of the 73 insurance companies reporting it. Accelerant Holdings’s revenue growth of +51.5% ranks in the 92nd percentile of the 88 insurance companies reporting it.

No reported insider purchases (code P) in the last 90 days; 24 insider sales totaling $20.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
24
$20.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-25
Meriwether Karen SueDirectorSell542$19.62$11K
2026-08-13
filed 2026-08-14
Hasley NancyDirectorSell20.5K$19.56$401K
2026-08-11
filed 2026-08-12
ONeill Francis JamesCo-Founder, Chief U/W OfficerSell89.2K$12.41$1.1M
2026-08-10
filed 2026-08-11
RADKE JEFFREY LCo-Founder, CEOSell80.0K$12.09$967K
2026-08-10
filed 2026-08-12
ONeill Francis JamesCo-Founder, Chief U/W OfficerSell63.6K$12.07$768K
2026-08-03
filed 2026-08-04
RADKE JEFFREY LCo-Founder, CEOSell80.0K$12.06$965K
2026-07-28
filed 2026-07-29
ONeill Francis JamesCo-Founder, Chief U/W OfficerSell104.6K$14.56$1.5M
2026-07-27
filed 2026-07-29
ONeill Francis JamesCo-Founder, Chief U/W OfficerSell110.5K$14.63$1.6M
2026-07-27
filed 2026-07-28
RADKE JEFFREY LCo-Founder, CEOSell80.0K$14.63$1.2M
2026-07-27
Sternberg Matthew DavidCOO, Risk ExchangeSell17.6K$14.64$257K
2026-07-27
filed 2026-07-28
RADKE JEFFREY LCo-Founder, CEOSell15.2K$14.45$220K
2026-07-20
RADKE JEFFREY LCo-Founder, CEOSell80.0K$13.51$1.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
5.8M
settled 2026-08-14
Change vs prior
-2.9%
vs previous settlement
Days to cover
1.00
at avg daily volume
Avg daily volume
10.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-145.8M-2.9%1.00
2026-07-316.0M-11.1%2.11
2026-07-156.8M-1.2%3.66
2026-06-306.8M+27.0%2.41
2026-06-155.4M-3.1%4.01
2026-05-295.6M+41.7%3.43
2026-05-153.9M+6.7%2.86
2026-04-303.7M+7.9%3.12

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023
Revenue$912.9M$602.6M$344.0M
Gross profit
Operating income
Net income$-1.35B$22.9M$-64.1M
Diluted EPS$-7.49$0.14$-0.29

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023
Cash and equivalents$1.72B$1.23B$775.4M
Current assets
Total assets$8.26B$6.09B
Current liabilities
Long-term debt$121.3M$121.4M
Total liabilities$7.54B$5.67B
Total equity$726.4M$427.0M$286.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023
Operating cash flow$445.1M$785.7M$290.0M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$356.9M62.9%$80.0M$0.36
Q1 FY2026$273.3M53.5%$-4.1M$-0.02
Q4 FY2025$248.4M30.3%$0.44
Q3 FY2025$267.4M74.0%$-1.37B$-6.99
Q2 FY2025$219.1M68.4%$8.8M$0.04
Q1 FY2025$178.0M$7.8M$0.03
Q4 FY2024$190.7M$0.11
Q3 FY2024$153.7M$8.1M$0.04

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInsurance Agents, Brokers & Service
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2023
SEC CIK1997350

Selected SEC filings

10-K2026-03-18
View on EDGAR →
10-Q2026-08-13
View on EDGAR →
10-Q2026-05-13
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-05-29
View on EDGAR →
8-K2026-05-13
View on EDGAR →

Largest insurance peers

All insurance stocksAll Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.