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Accelerant (ARX) Financials

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$16.33 +0.38 (+2.38%)
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Annual Income Statements for Accelerant

Annual Income Statements for Accelerant

This table shows Accelerant's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -49 27 -1,425
Consolidated Net Income / (Loss)		 -64 23 -1,345
Net Income / (Loss) Continuing Operations		 -64 23 -1,345
Total Pre-Tax Income 		-44 32 -1,322
Total Operating Income		 17 78 -1,187
Total Gross Profit		 344 603 -467
Total Revenue		 344 603 913
Operating Revenue		 344 603 913
Total Cost of Revenue		 0.00 0.00 1,380
Operating Cost of Revenue		 0.00 0.00 1,380
Total Operating Expenses		 327 525 720
Selling, General & Admin Expense		 183 249 400
Depreciation Expense		 15 27 35
Amortization Expense		 50 81 80
Other Operating Expenses / (Income)		 80 167 204
Total Other Income / (Expense), net		 -61 -46 -135
Interest Expense		 11 12 11
Other Income / (Expense), net		 -50 -34 -124
Income Tax Expense		 20 9.10 23
Preferred Stock Dividends Declared		 0.00 0.00 71
Net Income / (Loss) Attributable to Noncontrolling Interest		 -15 -4.30 8.90
Basic Earnings per Share		 ($0.29) $0.16 ($7.49)
Weighted Average Basic Shares Outstanding		 165.60M 165.98M 190.26M
Diluted Earnings per Share		 ($0.29) $0.14 ($7.49)
Weighted Average Diluted Shares Outstanding		 165.60M 199.66M 190.26M
Weighted Average Basic & Diluted Shares Outstanding		 - - 222.16M

Quarterly Income Statements for Accelerant

This table shows Accelerant's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -9.00 8.10 6.50 8.80 -1,440 -5.20
Consolidated Net Income / (Loss)		 -9.20 9.40 7.80 13 -1,367 -4.10
Net Income / (Loss) Continuing Operations		 -9.20 9.40 7.80 13 -1,367 -4.10
Total Pre-Tax Income 		-4.30 1.30 16 22 -1,358 2.00
Total Operating Income		 7.50 18 33 55 -1,312 24
Total Gross Profit		 130 154 178 219 -1,112 273
Total Revenue		 130 154 178 219 267 273
Operating Revenue		 130 154 178 219 267 273
Total Cost of Revenue		 0.00 0.00 0.00 0.00 1,380 0.00
Total Operating Expenses		 123 136 145 164 199 249
Selling, General & Admin Expense		 58 67 75 86 116 124
Depreciation Expense		 5.50 5.80 7.40 8.30 10 10
Amortization Expense		 16 23 17 18 23 34
Other Operating Expenses / (Income)		 43 40 45 51 51 82
Total Other Income / (Expense), net		 -12 -17 -18 -33 -46 -22
Interest Expense		 3.00 3.10 2.60 2.50 2.60 2.50
Other Income / (Expense), net		 -8.80 -13 -15 -30 -43 -20
Income Tax Expense		 4.90 -8.10 7.70 9.20 9.50 6.10
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.20 1.30 1.30 4.30 1.80 1.10
Basic Earnings per Share		 ($0.05) $0.05 $0.04 $0.05 ($6.99) ($0.02)
Weighted Average Basic Shares Outstanding		 165.95M 166.19M 166.19M 166.19M 206.06M 221.98M
Diluted Earnings per Share		 ($0.05) $0.04 $0.03 $0.04 ($6.99) ($0.02)
Weighted Average Diluted Shares Outstanding		 165.95M 199.71M 205.27M 205.95M 206.06M 221.98M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 219.99M 221.82M 218.20M

Annual Cash Flow Statements for Accelerant

This table details how cash moves in and out of Accelerant's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 288 516 477
Net Cash From Operating Activities		 290 786 445
Net Cash From Continuing Operating Activities		 290 786 445
Net Income / (Loss) Continuing Operations		 -64 23 -1,345
Consolidated Net Income / (Loss)		 -64 23 -1,345
Depreciation Expense		 15 27 35
Amortization Expense		 -0.50 -5.70 -7.60
Non-Cash Adjustments To Reconcile Net Income		 -43 65 929
Changes in Operating Assets and Liabilities, net		 383 677 834
Net Cash From Investing Activities		 -13 -380 -174
Net Cash From Continuing Investing Activities		 -13 -380 -174
Purchase of Property, Plant & Equipment		 -33 -34 -41
Acquisitions		 1.90 -4.80 -12
Purchase of Investments		 -121 -501 -509
Divestitures		 0.00 0.00 1.10
Sale and/or Maturity of Investments		 140 162 388
Other Investing Activities, net		 -1.30 -1.70 -0.50
Net Cash From Financing Activities		 10 110 206
Net Cash From Continuing Financing Activities		 10 110 206
Repayment of Debt		 18 -0.70 -5.80
Repurchase of Preferred Equity		 0.00 0.00 -175
Payment of Dividends		 -8.40 -3.50 -10
Issuance of Debt		 0.00 0.00 5.00
Issuance of Preferred Equity		 0.70 115 0.00
Issuance of Common Equity		 0.00 0.00 392
Cash Interest Paid		 10 11 10
Cash Income Taxes Paid		 20 46 59

Quarterly Cash Flow Statements for Accelerant

This table details how cash moves in and out of Accelerant's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 208 207 -0.20 227 123 -252
Net Cash From Operating Activities		 276 242 92 74 62 -21
Net Cash From Continuing Operating Activities		 276 242 92 74 62 -21
Net Income / (Loss) Continuing Operations		 9.40 21 7.80 -1,367 0.90 -4.10
Consolidated Net Income / (Loss)		 9.40 21 7.80 -1,367 0.90 -4.10
Depreciation Expense		 5.80 10 7.40 10 9.50 10
Amortization Expense		 -1.40 -1.80 -1.80 -2.00 -1.70 -1.50
Non-Cash Adjustments To Reconcile Net Income		 73 -66 -54 1,275 -234 -223
Changes in Operating Assets and Liabilities, net		 190 278 132 158 287 198
Net Cash From Investing Activities		 -68 -149 -90 -56 65 -212
Net Cash From Continuing Investing Activities		 -68 -149 -90 -56 65 -212
Purchase of Property, Plant & Equipment		 -11 -9.10 -6.60 -13 -12 -6.70
Acquisitions		 -1.30 -0.70 0.00 -8.90 -0.80 -11
Purchase of Investments		 -75 -187 -127 -135 -111 -91
Sale and/or Maturity of Investments		 19 49 45 100 189 -103
Other Investing Activities, net		 - -0.90 -0.90 - -0.20 -0.40
Net Cash From Financing Activities		 -0.40 114 -2.30 209 -3.70 -19
Net Cash From Continuing Financing Activities		 -0.40 114 -2.30 209 -3.70 -19
Repayment of Debt		 -49 50 0.00 -5.00 -0.80 -0.80
Repurchase of Common Equity		 - - 0.00 - - -12
Payment of Dividends		 -0.70 -0.80 -2.30 -3.10 -2.90 -6.20
Cash Interest Paid		 2.80 2.80 2.60 2.50 2.40 2.20
Cash Income Taxes Paid		 14 13 3.30 18 15 5.10

Annual Balance Sheets for Accelerant

This table presents Accelerant's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets		 6,095 8,263
Total Current Assets		 544 712
Short-Term Investments		 544 712
Plant, Property, & Equipment, net		 0.00 0.00
Total Noncurrent Assets		 5,551 7,551
Long-Term Investments		 64 94
Noncurrent Note & Lease Receivables		 792 1,078
Goodwill		 64 115
Intangible Assets		 84 101
Other Noncurrent Operating Assets		 4,548 6,163
Total Liabilities & Shareholders' Equity		 6,095 8,263
Total Liabilities		 5,668 7,537
Total Current Liabilities		 400 594
Accounts Payable		 400 594
Total Noncurrent Liabilities		 5,268 6,943
Long-Term Debt		 121 121
Other Noncurrent Operating Liabilities		 5,147 6,822
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 427 726
Total Preferred & Common Equity		 304 698
Total Common Equity		 -78 698
Common Stock		 125 2,232
Retained Earnings		 -183 -1,537
Accumulated Other Comprehensive Income / (Loss)		 -20 2.20
Noncontrolling Interest		 18 29

Quarterly Balance Sheets for Accelerant

This table presents Accelerant's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2025 9/30/2025 3/31/2026
Total Assets		 7,496 7,859 8,604
Total Current Assets		 751 787 890
Short-Term Investments		 751 787 890
Plant, Property, & Equipment, net		 0.00 0.00 0.00
Total Noncurrent Assets		 6,745 7,073 7,714
Long-Term Investments		 57 91 96
Noncurrent Note & Lease Receivables		 938 922 1,183
Goodwill		 120 117 112
Intangible Assets		 94 96 103
Other Noncurrent Operating Assets		 5,537 5,847 6,221
Total Liabilities & Shareholders' Equity		 7,496 7,859 8,604
Total Liabilities		 7,014 7,156 7,884
Total Current Liabilities		 280 273 660
Accounts Payable		 280 273 660
Total Noncurrent Liabilities		 6,734 6,882 7,224
Long-Term Debt		 127 122 121
Other Noncurrent Operating Liabilities		 6,607 6,760 7,104
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 482 704 720
Total Preferred & Common Equity		 346 676 693
Total Common Equity		 -36 676 693
Common Stock		 130 2,214 2,244
Retained Earnings		 -168 -1,536 -1,542
Accumulated Other Comprehensive Income / (Loss)		 1.70 -1.50 -8.80
Noncontrolling Interest		 32 28 27

Annual Metrics And Ratios for Accelerant

This table displays calculated financial ratios and metrics derived from Accelerant's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 221,820,044.00
DEI Adjusted Shares Outstanding		 0.00 0.00 221,820,044.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -6.42
Growth Metrics		 - - -
Profitability Metrics		 - - -
Net Operating Profit after Tax (NOPAT)		 12 56 -831
Return On Investment Capital (ROIC_SIMPLE)		 - 10.18% -97.99%
Earnings before Interest and Taxes (EBIT)		 -33 44 -1,311
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -19 65 -1,283
Valuation Ratios		 - - -
Leverage & Solvency		 - - -
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 115 -931
Efficiency Ratios		 - - -
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 -59 41
Increase / (Decrease) in Invested Capital		 0.00 -59 101
Book Value per Share		 $0.00 ($0.47) $3.15
Tangible Book Value per Share		 $0.00 ($1.36) $2.17
Total Capital		 0.00 548 848
Total Debt		 0.00 121 121
Total Long-Term Debt		 0.00 121 121
Net Debt		 0.00 -486 -685
Capital Expenditures (CapEx)		 33 34 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -400 -594
Debt-free Net Working Capital (DFNWC)		 0.00 144 118
Net Working Capital (NWC)		 0.00 144 118
Net Nonoperating Expense (NNE)		 76 33 515
Net Nonoperating Obligations (NNO)		 0.00 -486 -685
Total Depreciation and Amortization (D&A)		 14 21 28
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($7.49)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 190.26M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($7.49)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 190.26M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 222.16M
Normalized Net Operating Profit after Tax (NOPAT)		 12 56 -831
Debt Service Ratios		 - - -
Payout Ratios		 - - -

Quarterly Metrics And Ratios for Accelerant

This table displays calculated financial ratios and metrics derived from Accelerant's official financial filings.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 0.00 0.00 219,986,563.00 222,160,004.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 219,986,563.00 222,160,004.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 -6.54 -0.02
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 68.41% 73.98% 53.54%
EBITDA Growth		 0.00% 0.00% 0.00% 152.71% -15,405.68% -45.15%
EBIT Growth		 0.00% 0.00% 0.00% 2,007.69% -30,893.18% -75.14%
NOPAT Growth		 0.00% 0.00% 0.00% 517.66% -813.39% -397.50%
Net Income Growth		 0.00% 0.00% 0.00% 242.39% -14,642.55% -152.56%
EPS Growth		 0.00% 0.00% 0.00% 180.00% -17,575.00% -166.67%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -73.26% -123.31%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 18.14% 0.00% 0.00% 22.04% 0.00%
EBITDA Q/Q Growth		 0.00% -56.65% 0.00% 0.00% -2,725.54% 0.00%
EBIT Q/Q Growth		 0.00% 438.46% 0.00% 0.00% -5,563.31% 0.00%
NOPAT Q/Q Growth		 0.00% 2,351.58% 0.00% 0.00% -2,931.57% 0.00%
Net Income Q/Q Growth		 0.00% 202.17% 0.00% 0.00% -10,535.11% 0.00%
EPS Q/Q Growth		 0.00% 180.00% 0.00% 0.00% -17,575.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -62.03% 0.00% 0.00% -134.57%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -473.75% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 73.86% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% -415.97% 100.00%
EBITDA Margin		 15.60% 5.73% 13.31% 23.41% -503.70% 4.76%
Operating Margin		 5.76% 11.58% 18.54% 25.19% -490.54% 8.82%
EBIT Margin		 -1.00% 2.86% 10.17% 11.32% -506.69% 1.65%
Profit (Net Income) Margin		 -7.07% 6.12% 4.38% 5.98% -511.22% -1.50%
Tax Burden Percent		 213.95% 723.08% 50.32% 58.74% 100.70% -205.00%
Interest Burden Percent		 330.77% 29.55% 85.64% 89.92% 100.19% 44.44%
Effective Tax Rate		 0.00% -623.08% 49.68% 41.26% 0.00% 305.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% -188.51%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.19%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -0.18%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% -181.36%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 5.25 129 17 32 -918 -49
NOPAT Margin		 4.04% 83.74% 9.33% 14.80% -343.38% -18.08%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -5.67% -118.75% 10.47%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 5.33% -111.20% -5.88%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 515.97% 0.00%
SG&A Expenses to Revenue		 44.43% 43.79% 42.30% 39.30% 43.31% 45.30%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.24% 88.42% 81.46% 74.81% 74.57% 91.18%
Earnings before Interest and Taxes (EBIT)		 -1.30 4.40 18 25 -1,355 4.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 20 8.80 24 51 -1,347 13
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 4.54 4.28
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 6.61 6.20
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 2.94
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 2.11
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 6.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.26 0.17 0.17
Long-Term Debt to Equity		 0.00 0.00 0.00 0.26 0.17 0.17
Financial Leverage		 0.00 0.00 0.00 -1.41 -1.07 -1.20
Leverage Ratio		 0.00 0.00 0.00 15.55 11.17 11.95
Compound Leverage Factor		 0.00 0.00 0.00 13.98 11.19 5.31
Debt to Total Capital		 0.00% 0.00% 0.00% 20.81% 14.76% 14.36%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 20.81% 14.76% 14.36%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 79.85% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 5.19% 3.35% 3.25%
Common Equity to Total Capital		 0.00% 0.00% 0.00% -5.85% 81.88% 82.39%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.09
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.67
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.09
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.14
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.03
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.14
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 3.79%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.00 0.00 2.68 2.88 1.35
Quick Ratio		 0.00 0.00 0.00 2.68 2.88 1.35
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 232 -866 96
Operating Cash Flow to CapEx		 0.00% 2,467.86% 1,390.91% 0.00% 591.20% -319.40%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 92.69 -333.11 38.48
Operating Cash Flow to Interest Expense		 0.00 89.16 35.31 0.00 28.42 -8.56
Operating Cash Flow Less CapEx to Interest Expense		 0.00 85.55 32.77 0.00 23.62 -11.24
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.12
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 2.09
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 174.60
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 -174.60
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 0.00 0.00 -199 -52 -146
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 -13.85
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 -199 -52 -146
Enterprise Value (EV)		 0.00 0.00 0.00 560 2,340 2,128
Market Capitalization		 724 724 724 724 3,068 2,966
Book Value per Share		 $0.00 $0.00 $0.00 ($0.21) $3.07 $3.12
Tangible Book Value per Share		 $0.00 $0.00 $0.00 ($1.50) $2.11 $2.15
Total Capital		 0.00 0.00 0.00 609 826 841
Total Debt		 0.00 0.00 0.00 127 122 121
Total Long-Term Debt		 0.00 0.00 0.00 127 122 121
Net Debt		 0.00 0.00 0.00 -682 -756 -866
Capital Expenditures (CapEx)		 0.00 11 6.60 0.00 13 6.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -280 -273 -660
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 471 513 230
Net Working Capital (NWC)		 0.00 0.00 0.00 471 513 230
Net Nonoperating Expense (NNE)		 14 119 8.81 19 449 -45
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -682 -756 -866
Total Depreciation and Amortization (D&A)		 22 4.40 5.60 27 8.00 8.50
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -65.46%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 22.83%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 22.83%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.05 ($6.99) ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 166.19M 206.06M 221.98M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.04 ($6.99) ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 205.95M 206.06M 221.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 219.99M 221.82M 218.20M
Normalized Net Operating Profit after Tax (NOPAT)		 5.25 12 17 32 -918 17
Normalized NOPAT Margin		 4.04% 8.11% 9.33% 14.80% -343.38% 6.17%
Pre Tax Income Margin		 -3.31% 0.85% 8.71% 10.18% -507.67% 0.73%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -0.43 1.42 6.96 9.92 -521.12 1.80
NOPAT to Interest Expense		 1.75 41.52 6.39 12.97 -353.15 -19.76
EBIT Less CapEx to Interest Expense		 0.00 -2.19 4.42 0.00 -525.92 -0.88
NOPAT Less CapEx to Interest Expense		 0.00 37.91 3.85 0.00 -357.96 -22.44
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -1.03%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -1.03%

Financials Breakdown Chart

Key Financial Trends

Accelerant Holdings (ARX) has shown mixed signals over the last four quarterly figures provided. The standout near-term developments are a positive quarterly net income in Q4 2025, and meaningful cash generation from both operations and asset sales, but the company also shows substantial earnings volatility and a very leveraged balance sheet driven by large noncurrent liabilities.

  • Q4 2025: Consolidated net income / (loss) shows a positive print of $0.9 million, marking a move back toward profitability after a large quarterly loss in Q3 2025.
  • Q4 2025: Net cash from continuing operating activities is $61.9 million, signaling ongoing positive cash generation from core operations.
  • Q4 2025: Net cash from continuing investing activities is $64.7 million, aided by a $188.7 million sale/maturity of investments and modest capital expenditures ($-11.6 million for PPE).
  • Q3 2025: Net cash from financing activities is a substantial $208.6 million, indicating active financing activity helping liquidity in that period.
  • Q4 2025: Net change in cash & equivalents is a sizable $122.9 million, reflecting a strong quarterly uptick in liquidity.
  • Total assets have remained large and generally stable in the mid-to-high $7 billions (roughly $7.5–$7.9B across the latest quarters), helping provide a cushion for liabilities.
  • Equity remains modest relative to liabilities (Total equity around $676 million in Q3 2025 vs. Total liabilities around $7.16 billion), suggesting elevated leverage but a tangible equity base exists to support debt in the near term.
  • Q3 2025: Consolidated net income / (loss) is deeply negative at about −$1.367 billion, highlighting a substantial earnings setback in that quarter.
  • Q3 2025: Total Operating Income is negative (about −$1.3117 billion), and Total Gross Profit is negative, indicating a severe quarterly profitability challenge on core operations.
  • Q3 2025: Noncurrent liabilities include a very large component labeled Other Noncurrent Operating Liabilities totaling roughly $6.76 billion, which dominates the long-term liability mix and raises questions about liability structure and risk.
  • Q3 2025: Total Liabilities exceed Total Equity by a wide margin, pointing to high leverage and potential balance-sheet risk.
  • Q4 2025: Non-Cash Adjustments To Reconcile Net Income are markedly negative (about −$234.2 million) in the cash flow statement, which can indicate sizable one-time or non-cash charges affecting earnings quality.
06/01/26 02:54 PM ETAI Generated. May Contain Errors.

Accelerant Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Accelerant's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Accelerant's net income appears to be on an upward trend, with a most recent value of -$1.35 billion in 2025, rising from -$64.10 million in 2023. The previous period was $22.90 million in 2024. Check out Accelerant's forecast to explore projected trends and price targets.

Accelerant's total operating income in 2025 was -$1.19 billion, based on the following breakdown:
  • Total Gross Profit: -$466.80 million
  • Total Operating Expenses: $719.90 million

Over the last 2 years, Accelerant's total revenue changed from $344 million in 2023 to $912.90 million in 2025, a change of 165.4%.

Accelerant's total liabilities were at $7.54 billion at the end of 2025, a 33.0% increase from 2024, and a 33.0% increase since 2024.

Over the last 2 years, Accelerant's book value per share changed from 0.00 in 2023 to 3.15 in 2025, a change of 314.5%.


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Financial statements for NYSE:ARX last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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