For the twelve months ended Jun 30, 2026, Accelerant Holdings reported $1.15B of revenue and -$1.37B of net income.
ARX revenue was $356.90M in fiscal Q2 2026 (ended Jun 30, 2026), up 62.9% from a year earlier and up 30.6% from the prior quarter. For the full fiscal 2025 it was $912.90M, up 51.5% from fiscal 2024.
ARX net income was $78.70M in fiscal Q2 2026 (ended Jun 30, 2026), up 794.3% from a year earlier. For the full fiscal 2025 it was -$1.43B, compared with $27.20M in fiscal 2024.
ARX diluted EPS was $0.36 in fiscal Q2 2026 (ended Jun 30, 2026), up 800.0% from a year earlier. For the full fiscal 2025 it was -$7.49, compared with $0.14 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $912.90M | $602.60M | $344.00M |
| Selling, general and admin | $400.40M | $249.30M | $182.50M |
| Pre-tax income | -$1.32B | $32.00M | -$43.90M |
| Income tax | $23.30M | $9.10M | $20.20M |
| Net income | -$1.43B | $27.20M | -$48.80M |
| EPS, basic | -$7.49 | $0.16 | -$0.29 |
| EPS, diluted | -$7.49 | $0.14 | -$0.29 |
| Diluted shares | 190.3M | 199.7M | 165.6M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $1.80B | $1.27B | $775.40M |
| Goodwill | $63.10M | $30.90M | $20.70M |
| Total assets | $8.26B | $6.09B | - |
| Total debt | $121.30M | $121.40M | - |
| Total liabilities | $7.54B | $5.67B | - |
| Shareholders' equity | $697.70M | $427.00M | $286.70M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $445.10M | $785.70M | $290.00M |
| Investing cash flow | -$173.60M | -$380.10M | -$12.60M |
| Financing cash flow | $205.80M | $110.30M | $10.30M |
| Stock-based compensation | $43.10M | $8.40M | $4.80M |
| Depreciation and amortization | $35.20M | $26.60M | $14.50M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $356.90M | $273.30M | $248.40M | $267.40M | $219.10M | $178.00M | $190.70M | $153.70M | $130.10M | $128.10M |
| Selling, general and admin | $129.50M | $123.80M | $120.20M | $115.80M | $89.10M | $75.30M | $71.30M | $67.30M | $57.80M | $49.10M |
| Pre-tax income | $87.40M | $2.00M | -$2.20M | -$1.36B | $22.30M | $15.50M | $23.00M | $1.30M | -$4.30M | $12.00M |
| Income tax | $7.40M | $6.10M | -$3.10M | $9.50M | $9.20M | $7.70M | $2.40M | -$8.10M | $4.90M | $9.90M |
| Net income | $78.70M | -$5.20M | -$71.50M | -$1.37B | $8.80M | $6.50M | $21.00M | $8.10M | -$9.00M | $7.10M |
| EPS, basic | $0.36 | -$0.02 | -$0.59 | -$6.99 | $0.05 | $0.04 | - | $0.05 | -$0.05 | - |
| EPS, diluted | $0.36 | -$0.02 | -$0.57 | -$6.99 | $0.04 | $0.03 | - | $0.04 | -$0.05 | - |
| Diluted shares | 219.7M | 222.0M | - | 206.1M | 205.9M | 205.3M | - | 199.7M | 165.9M | - |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.57B | $1.45B | $1.80B | $1.60B | $1.39B | $1.24B | $1.27B | $1.06B | $870.90M | - |
| Goodwill | - | - | $63.10M | - | - | - | $30.90M | - | - | - |
| Total assets | $8.94B | $8.60B | $8.26B | $7.86B | $7.50B | - | $6.09B | - | - | - |
| Total debt | $120.10M | $120.70M | $121.30M | $121.90M | $126.70M | - | $121.40M | - | - | - |
| Total liabilities | $8.20B | $7.88B | $7.54B | $7.16B | $7.01B | - | $5.67B | - | - | - |
| Shareholders' equity | $717.40M | $719.90M | $697.70M | $676.10M | $482.20M | $454.40M | $427.00M | $293.40M | $282.70M | $289.40M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$68.60M | -$21.40M | $61.90M | $73.90M | $217.50M | $91.80M | $241.80M | $276.40M | - | - |
| Investing cash flow | $269.70M | -$211.60M | $64.70M | -$55.50M | -$93.10M | -$89.70M | -$148.90M | -$68.20M | - | - |
| Financing cash flow | -$78.30M | -$19.20M | -$3.70M | $208.60M | $3.20M | -$2.30M | $113.70M | -$400.0K | - | - |
| Share repurchases | $70.40M | $12.20M | - | - | $0 | $0 | - | - | - | - |
| Stock-based compensation | $22.90M | $28.80M | $20.50M | $17.20M | $3.00M | $2.40M | $2.10M | $2.50M | - | - |
| Depreciation and amortization | $10.40M | $10.00M | $9.50M | $10.00M | $8.30M | $7.40M | $10.40M | $5.80M | $5.50M | $4.90M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 62.9% | 53.5% | 30.3% | 74.0% | 68.4% | 39.0% | - | - | - | - |
| Net income growth, YoY | 794.3% | - | - | - | - | -8.5% | - | - | - | - |
| EPS growth, YoY | 800.0% | - | - | - | - | - | - | - | - | - |
| Net margin | 22.1% | -1.9% | -28.8% | -511.9% | 4.0% | 3.7% | 11.0% | 5.3% | -6.9% | 5.5% |
| Debt to equity | 0.17 | 0.17 | 0.17 | 0.18 | 0.26 | - | 0.28 | - | - | - |
Source: XBRL data Accelerant Holdings files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ARX | $1.15B | +54.6% | -$1.37B | -119.3% | $4.32B |
| MRSH | $28.46B | +7.6% | $4.04B | 14.2% | $97.18B |
| AJG | $16.36B | +25.6% | $1.70B | 10.4% | $71.95B |
| AON | $17.68B | +3.8% | $3.93B | 22.2% | $71.24B |
| WTW | $10.27B | +4.8% | $1.56B | 15.2% | $30.16B |
| BRO | $6.91B | +26.1% | $1.22B | 17.7% | $23.55B |
| EQH | $13.05B | +8.7% | $1.50B | 11.5% | $14.78B |
| ERIE | $4.12B | +2.0% | $576.14M | 14.0% | $12.50B |
| FNF | $14.91B | +6.4% | $1.05B | 7.0% | $12.08B |