Accelerant Holdings (ARX)
Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. It operates through Exchange Services, MGA Operations, and Underwriting segments. The Exchange Services segment consists of risk exchange, its operating platform that incorporates various technology, data ingestion, and agency operations that serve the needs of its members and risk capital partners. Its Risk capital partners write premiums directly through the Risk Exchange pay us a fixed-percentage, volume-based fee for sourcing, managing, and monitoring the business they write. The MGA Operations segment includes the fees earned by members, predominantly for originating and underwriting a portfolio of insurance policies, reduced by the expenses associated with providing services. The Underwriting segment is involved in underwriting insurance policies and assumption of reinsurance policies issued or accepted by consolidated insurance and reinsurance companies. The activities of insurance companies include property and casualty insurance, policy issuance, and reinsurance arrangements. It serves small-to-medium sized commercial clients primarily in the United States, Europe, Canada, Australia, and the United Kingdom. Accelerant Holdings was founded in 2018 and is based in Grand Cayman, Cayman Islands.
- Symbol
- ARX
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Insurance Brokers
- Market cap
- $4.31B
- 52 week range
- 9.18 - 19.9
Valuation
- Share price
- $19.72 (close of 2026-09-23)
- P/E (TTM)
- -2.73x
- Price to book
- 5.79x
- Price to free cash flow
- 94.09x
- Enterprise value
- $2.86B
- Book value per share
- $3.41
Price performance
| Period | Change |
|---|
| 1 day | -0.30% |
| 5 days | -0.45% |
| 1 month | +0.66% |
| 3 months | +50.19% |
| 6 months | +54.06% |
| Year to date | +20.61% |
| 1 year | +23.56% |
| All time | -25.58% |
Profitability and growth
- Return on equity
- -192.80%
- Return on assets
- -16.28%
- Net margin
- -147.35%
- EBITDA margin
- -140.95%
- Revenue growth
- 51.49%
- Net income growth
- -5974.24%
- Free cash flow growth
- -43.35%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.06%
- Net debt to EBITDA
- 1.18x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $912.90M
- EBITDA
- $-1.29B
- Net income
- $-1.35B
- Earnings per share
- $-7.49
- Shares outstanding
- 190.26M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $912.90M | $-1.35B | $-7.49 |
| 2024-12-31 | $602.60M | $22.90M | $0.16 |
| 2023-12-31 | $344.00M | $-64.10M | $-0.29 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | -147.35% | -192.80% |
| 2024-12-31 | 3.80% | 7.53% |
| 2023-12-31 | -18.63% | 0.00% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.72B | $121.30M |
| 2024-12-31 | $1.23B | $121.40M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $445.10M | $43.10M |
| 2024-12-31 | $785.70M | $8.40M |
| 2023-12-31 | $290.00M | $4.80M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-11
- Consensus EPS estimate
- $0.20
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-13 | Jun/2026 | $0.16 |
| 2026-05-13 | - | - |
| 2026-03-18 | - | - |
| 2025-11-12 | - | - |
| 2025-08-28 | - | - |
| 2014-05-07 | - | - |
| 2014-02-07 | - | - |
Filings and sources
- Company website
- accelerant.ai
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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