Accelerant Holdings

Accelerant Holdings

ARX · NYSE · Financial Services / Insurance Brokers

19.85USD-0.04 (-0.20%)

Price History

Full chart

Market Stats

Previous Close19.89
Open19.90
Day Range19.85 – 19.91
52-Week Range9.18 – 19.90
Volume1.34M
Market Cap4.29B
P/E (TTM)0.00
Forward P/E22.22
EPS-6.31
Dividend Yield0.00%
50-Day Avg17.03
200-Day Avg14.48

About

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.

Company Details

  • SectorFinancial Services
  • IndustryInsurance Brokers
  • CEOMr. Jeffrey Lee Radke
  • Employees862
  • HeadquartersRegatta Office Park, Grand Cayman, Cayman Islands, KY1-1108, USA
  • Websitehttps://www.accelerant.ai

Leadership

  • Mr. Jeffrey Lee RadkeCo-Founder, CEO & Director · b. 1969
  • Mr. Christopher Lee-SmithCo-Founder, Global Head of Distribution & Director · b. 1968
  • Mr. Francis James O'NeillCo-Founder & Chief Underwriting Officer · b. 1973
  • Ms. Linda S. HuberCFO, Principal Financial & Accounting Officer · b. 1959
  • Mr. Matthew David SternbergChief Operating Officer · b. 1986
  • Mr. Pete HorstChief Technology Officer
  • Mr. Raymond IardellaHead of Investor Relations
  • Mr. Cliff JenksGeneral Counsel & Corporate Secretary · b. 1979
  • Ms. Chelsea PerkinsChief Claims Officer
  • Mr. Ryan SchillerHead of Strategy

Financials

Income Statement

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue103.20M213.10M329.70M597.70M879.50M
Growth (%)-+106.49%+54.72%+81.29%+47.15%
Cost of Revenue39.70M134.50M130.20M248.70M284.30M
Gross Profit63.50M78.60M199.50M349.00M595.20M
Gross Margin61.53%36.88%60.51%58.39%67.67%
Operating Expense83.50M162.90M243.40M317.00M1.92B
Operating Income-20.00M-84.30M-43.90M32.00M-1.32B
Operating Margin-19.38%-39.56%-13.32%5.35%-150.30%
EBITDA-15.50M-74.30M-14.30M91.00M-1.22B
EBITDA Margin-15.02%-34.87%-4.34%15.23%-138.45%
Net Income-21.50M-91.70M-48.80M27.20M-1.35B
Net Income Margin-20.83%-43.03%-14.80%4.55%-153.96%
Interest Expense2.90M4.20M15.10M32.40M69.00M
Interest Expense % of Total Revenue2.81%1.97%4.58%5.42%7.85%

Balance Sheet

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.16B2.20B3.74B6.09B8.26B
Total Liabilities899.40M1.85B3.45B5.67B7.54B
Total Equity257.90M354.50M310.50M408.70M697.70M
Cash301.90M446.20M775.40M1.23B1.80B
Total Debt49.90M100.50M120.30M121.40M121.30M
Net Debt-252.00M-345.70M-655.10M-1.10B-1.68B

Cash Flow

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow112.70M65.70M289.90M785.50M445.10M
Investing Cash Flow-132.50M-147.50M-11.70M-380.10M-173.60M
Financing Cash Flow233.70M254.70M10.30M110.30M205.80M
Capital Expenditure14.70M26.70M32.60M34.40M41.40M
Free Cash Flow98.00M39.00M257.30M751.10M403.70M
FCF to OCF86.96%59.36%88.75%95.62%90.70%

Earnings

Report DateMay 28, 2025Aug 28, 2025Nov 12, 2025Mar 19, 2026May 13, 2026Aug 13, 2026Nov 11, 2026
EPS Estimate0.000.120.210.220.160.160.20
EPS Actual2.650.140.390.230.170.32-
Surprise-16.67%85.71%5.87%6.25%100.00%-
Timing-Pre-marketAfter-hours-After-hoursPre-marketPre-market

Key Statistics & Ratios

Market Cap4.29B
Enterprise Value2.75B
Trailing P/E0.00
Forward P/E22.22
Price / Sales4.00
Price / Book5.99
EPS-6.31
Book Value3.31
Revenue (TTM)1.07B
Gross Profit (TTM)697.30M
EBITDA109.40M
Profit Margin-127.54%
Operating Margin15.60%
Return on Equity-222.00%
Return on Assets0.54%
Shares Outstanding118.55M
Shares Float56.79M
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
59.76%
Insiders
48.74%
Retail / Other
0.00%

Top Institutional Holders

  • Security Benefit Life Insurance Co
    5.87M2.70%
  • Capital World Investors
    4.63M2.13%
  • Keenan Capital LLC
    3.99M1.84%
  • American Century Companies Inc
    3.88M1.79%
  • Gilder Gagnon Howe & CO LLC
    3.74M1.72%
  • Barings LLC
    3.13M1.44%
  • Azora Capital LP
    3.05M1.40%
  • AllianceBernstein L.P.
    2.80M1.29%
  • Marshall Wace Asset Management Ltd
    2.27M1.05%
  • Vanguard Portfolio Management, LLC
    2.11M0.97%
  • JPMorgan Chase & Co
    2.02M0.93%
  • Vanguard Capital Management, LLC
    1.94M0.89%
  • Cresset Asset Management, LLC
    1.84M0.85%
  • FMR Inc
    1.81M0.83%
  • Citadel Advisors Llc
    1.75M0.80%

Top Fund Holders

  • American Funds SMALLCAP World A
    4.43M2.04%
  • American Century Small Cap Value Inv
    2.10M0.97%
  • Fidelity Small Cap Growth
    1.76M0.81%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.60M0.74%
  • iShares Russell 2000 ETF
    1.54M0.71%