Neptune projects about $238M of 2027 revenue with about 61% adjusted EBITDA margin as Atlas+ adoption expands

What happened: Neptune Insurance Holdings Inc. (NP) projected about $238M of 2027 revenue with about a 61% adjusted EBITDA margin as Atlas+ adoption expands, per its Q3 2026 earnings call. Key numbers: Q3 2026 revenue $59.6M, up 34% year-over-year. Adjusted EBITDA $36.8M, up 38%, at a 62% margin, up 147 basis points from a year ago. Why it matters: Management called the third quarter another record for Neptune, with revenue and adjusted EBITDA both growing year-over-year and margin expanding, while the 2027 outlook ties growth to wider Atlas+ adoption.

Neptune Insurance Holdings Inc. (NP) projected about $238M of 2027 revenue with about a 61% adjusted EBITDA margin as Atlas+ adoption expands, per its Q3 2026 earnings call.

Management called the third quarter another record for Neptune, with revenue and adjusted EBITDA both growing year-over-year and margin expanding, while the 2027 outlook ties growth to wider Atlas+ adoption.