Symbols / ARX Stock $12.98 -0.84% Accelerant Holdings

Financial Services • Insurance Brokers • Cayman Islands • NYQ
ARX (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Financial Services
Industry Insurance Brokers
CEO Mr. Jeffrey Lee Radke
Exch · Country NYQ · Cayman Islands
Market Cap 2.88B
Enterprise Value 1.28B
Income -1.42B
Sales 856.30M
FCF (ttm) -1.73B
Book/sh 3.15
Cash/sh 7.91
Employees 862
Insider 10d —
IPO Jul 24, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 15.04
PEG —
P/S 3.37
P/B 4.13
P/C —
EV/EBITDA 13.79
EV/Sales 1.49
Quick Ratio 10.43
Current Ratio 10.73
Debt/Eq 16.70
LT Debt/Eq —
EPS (ttm) -7.49
EPS next Y 0.86
EPS Growth —
Revenue Growth 49.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-13
Earnings (prior) 2026-03-18
ROA 0.51%
ROE -245.55%
ROIC —
Gross Margin 66.80%
Oper. Margin 7.77%
Profit Margin -166.41%
Shs Outstand 116.76M
Shs Float 59.75M
Insider Own 48.98%
Instit Own 48.38%
Short Float 5.65%
Short Ratio 2.41
Short Interest 3.41M
52W High 31.18
vs 52W High -58.37%
52W Low 9.18
vs 52W Low 41.39%
Beta —
Impl. Vol. 98.34%
Rel Volume 0.66
Avg Volume 1.21M
Volume 798.41K
Target (mean) $17.94
Tgt Median $16.50
Tgt Low $13.00
Tgt High $30.00
# Analysts 9
Recom Buy
Prev Close $13.09
Price $12.98
Change -0.84%
About

Accelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. The company 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. Its Underwriting segment is a strategic asset that enables access to portfolio for current and prospective risk capital partners. The activities of insurance companies include property and casualty insurance, policy issuance, and reinsurance arrangements. The company focuses on small-to-medium sized commercial clients primarily in the United States, Europe, Canada, Australia, and the United Kingdom. The company was founded in 2018 and is based in Grand Cayman, Cayman Islands.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$17.94
Mean price target
2. Current target
$12.98
Latest analyst target
3. DCF / Fair value
$-266.70
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.98
Low
$13.00
High
$30.00
Mean
$17.94

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-13 main Citizens Market Outperform → Market Outperform $17
2026-04-06 main Morgan Stanley Equal-Weight → Equal-Weight $15
2026-03-26 main TD Cowen Buy → Buy $30
2026-03-25 main Morgan Stanley Equal-Weight → Equal-Weight $16
2026-03-20 up Wells Fargo Equal-Weight → Overweight $15
2026-02-23 main Piper Sandler Overweight → Overweight $13
2026-01-07 main Piper Sandler Overweight → Overweight $18
2025-12-04 up Citizens Market Perform → Market Outperform $20
2025-11-17 main Morgan Stanley Equal-Weight → Equal-Weight $17
2025-11-14 main Piper Sandler Overweight → Overweight $15
2025-10-31 main RBC Capital Outperform → Outperform $18
2025-10-08 main Wells Fargo Equal-Weight → Equal-Weight $17
2025-10-07 main Morgan Stanley Equal-Weight → Equal-Weight $18
2025-10-06 main Piper Sandler Overweight → Overweight $18
2025-10-06 up Goldman Sachs Neutral → Buy $20
2025-09-22 reit Raymond James Outperform → Outperform $21
2025-09-10 main BMO Capital Outperform → Outperform $23
2025-08-29 main RBC Capital Outperform → Outperform $29
2025-08-29 main Wells Fargo Equal-Weight → Equal-Weight $23
2025-08-18 init Raymond James — → Outperform $33
News
RSS: Latest ARX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-23 GREEN JAY MICHAEL Chief Financial Officer — 50,000 $12.77 $638,285
2026-03-18 RADKE JEFFREY L Chief Executive Officer — 300,171 $0.00 $0
2026-03-18 STERNBERG MATTHEW DAVID Officer — 180,667 $0.00 $0
2026-03-18 ONEILL FRANCIS JAMES Officer — 128,644 $0.00 $0
2026-03-18 LEE-SMITH CHRISTOPHER Officer and Director — 128,644 $0.00 $0
2025-12-08 MERIWETHER KAREN SUE Director — 542 $14.67 $7,951
2025-11-19 GAYNOR SAMUEL SAM Director — 7,500 $13.44 $100,774
2025-11-19 LEE-SMITH CHRISTOPHER Officer and Director — 14,700 $13.42 $197,240
2025-11-18 ONEILL FRANCIS JAMES Officer — 38,000 $13.34 $506,810
2025-11-17 STERNBERG MATTHEW DAVID Officer — 5,700 $13.10 $74,696
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
879.50
+47.15%
597.70
+81.29%
329.70
+54.72%
213.10
Operating Revenue
879.50
+47.15%
597.70
+81.29%
329.70
+54.72%
213.10
Selling General And Administration
428.10
+63.15%
262.40
+32.06%
198.70
+63.94%
121.20
General And Administrative Expense
428.10
+63.15%
262.40
+32.06%
198.70
+63.94%
121.20
Salaries And Wages
285.30
+64.91%
173.00
+39.85%
123.70
+32.73%
93.20
Other Gand A
142.80
+59.73%
89.40
-55.01%
198.70
+609.64%
28.00
Other Operating Expenses
1,428.50
+7458.20%
18.90
-37.21%
30.10
-16.85%
36.20
Total Expenses
2,201.40
+289.15%
565.70
+51.42%
373.60
+25.62%
297.40
Reconciled Depreciation
35.20
+32.33%
26.60
+83.45%
14.50
+150.00%
5.80
EBIT
-1,252.90
-2045.50%
64.40
+323.61%
-28.80
+64.04%
-80.10
Net Income
-1,354.10
-5078.31%
27.20
+155.74%
-48.80
+46.78%
-91.70
Pretax Income
-1,321.90
-4230.94%
32.00
+172.89%
-43.90
+47.92%
-84.30
Net Non Operating Interest Income Expense
-69.00
-112.96%
-32.40
-114.57%
-15.10
-259.52%
-4.20
Interest Expense Non Operating
69.00
+112.96%
32.40
+114.57%
15.10
+259.52%
4.20
Net Interest Income
-69.00
-112.96%
-32.40
-114.57%
-15.10
-259.52%
-4.20
Interest Expense
69.00
+112.96%
32.40
+114.57%
15.10
+259.52%
4.20
Interest Income
79.00
+56.44%
50.50
+141.63%
20.90
+945.00%
2.00
Other Income Expense
20.00
+12.36%
17.80
+36.92%
13.00
+2.36%
12.70
Tax Provision
23.30
+156.04%
9.10
-54.95%
20.20
+78.76%
11.30
Tax Rate For Calcs
0.00
-26.06%
0.00
+35.24%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-1,345.20
-5974.24%
22.90
+135.73%
-64.10
+32.95%
-95.60
Net Income From Continuing Operation Net Minority Interest
-1,354.10
-5078.31%
27.20
+155.74%
-48.80
+46.78%
-91.70
Net Income From Continuing And Discontinued Operation
-1,354.10
-5078.31%
27.20
+155.74%
-48.80
+46.78%
-91.70
Net Income Continuous Operations
-1,345.20
-5974.24%
22.90
+135.73%
-64.10
+32.95%
-95.60
Minority Interests
-8.90
-306.98%
4.30
-71.90%
15.30
+292.31%
3.90
Normalized Income
-1,354.10
-5078.31%
27.20
+155.74%
-48.80
+46.78%
-91.70
Net Income Common Stockholders
-1,425.00
-5338.97%
27.20
+155.74%
-48.80
+46.78%
-91.70
Diluted EPS
-7.49
-6066.32%
0.13
+141.80%
-0.30
+45.40%
-0.55
Basic EPS
-7.49
-4574.71%
0.17
+155.74%
-0.30
+45.40%
-0.55
Basic Average Shares
190.26
+17.08%
162.50
+0.00%
162.50
-1.87%
165.60
Diluted Average Shares
190.26
-12.19%
216.67
+0.00%
216.67
+30.83%
165.60
Diluted NI Availto Com Stockholders
-1,425.00
-5338.97%
27.20
+155.74%
-48.80
+46.78%
-91.70
Depreciation And Amortization In Income Statement
35.20
+32.33%
26.60
+83.45%
14.50
+150.00%
5.80
Loss Adjustment Expense
204.00
+21.94%
167.30
+108.34%
80.30
-19.30%
99.50
Net Policyholder Benefits And Claims
204.00
+21.94%
167.30
+108.34%
80.30
-19.30%
99.50
Policyholder Benefits Ceded
1,380.30
+32.11%
1,044.80
+75.04%
596.90
+79.63%
332.30
Policyholder Benefits Gross
1,584.30
+30.71%
1,212.10
+78.99%
677.20
+56.83%
431.80
Preferred Stock Dividends
70.90
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
8,263.10
+35.57%
6,094.90
+63.09%
3,737.20
+69.94%
2,199.10
Cash Cash Equivalents And Short Term Investments
2,511.30
+38.19%
1,817.30
+108.91%
869.90
+70.90%
509.00
Cash And Cash Equivalents
1,799.30
+41.34%
1,273.00
+64.17%
775.40
+73.78%
446.20
Other Short Term Investments
712.00
+30.81%
544.30
+475.98%
94.50
+50.48%
62.80
Receivables
3,399.50
+50.31%
2,261.60
+52.43%
1,483.70
+125.08%
659.20
Accounts Receivable
2,760.20
+48.29%
1,861.40
+71.61%
1,084.70
+70.34%
636.80
Other Receivables
639.30
+62.84%
392.60
+0.18%
391.90
+3112.30%
12.20
Taxes Receivable
—
—
—
3.10
Prepaid Assets
1,833.20
+16.36%
1,575.50
+69.23%
931.00
+45.83%
638.40
Goodwill And Other Intangible Assets
215.60
+46.07%
147.60
+22.39%
120.60
+29.54%
93.10
Goodwill
63.10
+104.21%
30.90
-40.00%
51.50
+181.42%
18.30
Other Intangible Assets
152.50
+30.68%
116.70
+68.89%
69.10
-7.62%
74.80
Investments And Advances
722.40
+28.43%
562.50
+147.91%
226.90
-12.90%
260.50
Long Term Equity Investment
10.40
-42.86%
18.20
+15.92%
15.70
+29.75%
12.10
Total Liabilities Net Minority Interest
7,536.70
+32.97%
5,667.90
+64.26%
3,450.50
+86.60%
1,849.10
Payables And Accrued Expenses
1,576.70
+19.89%
1,315.10
+100.56%
655.70
+74.16%
376.50
Payables
1,576.70
+19.89%
1,315.10
+100.56%
655.70
+94.17%
337.70
Accounts Payable
1,517.10
+20.69%
1,257.00
+102.84%
619.70
+123.40%
277.40
Other Payable
—
—
—
27.80
Current Accrued Expenses
—
—
—
38.80
Total Tax Payable
59.60
+2.58%
58.10
+61.39%
36.00
+13.21%
31.80
Income Tax Payable
59.60
+2.58%
58.10
+61.39%
36.00
+13.21%
31.80
Current Deferred Liabilities
—
193.00
+60.30%
120.40
+42.49%
84.50
Current Deferred Revenue
—
193.00
+60.30%
120.40
+42.49%
84.50
Long Term Debt And Capital Lease Obligation
121.30
-0.08%
121.40
+0.91%
120.30
+19.70%
100.50
Long Term Debt
121.30
-0.08%
121.40
+0.91%
120.30
+19.70%
100.50
Non Current Deferred Liabilities
232.50
+20.47%
193.00
+60.30%
120.40
+42.49%
84.50
Non Current Deferred Revenue
232.50
+20.47%
193.00
+60.30%
120.40
+42.49%
84.50
Stockholders Equity
697.70
+70.71%
408.70
+31.63%
310.50
-12.41%
354.50
Common Stock Equity
697.70
+1000.26%
-77.50
-8.70%
-71.30
-168.05%
-26.60
Capital Stock
0.00
-100.00%
486.20
+27.34%
381.80
+0.18%
381.10
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
-100.00%
486.20
+27.34%
381.80
+0.18%
381.10
Share Issued
221.82
+0.00%
221.82
+0.83%
219.99
+0.00%
219.99
Ordinary Shares Number
221.82
+0.00%
221.82
+0.83%
219.99
+0.00%
219.99
Additional Paid In Capital
2,232.40
+1688.78%
124.80
-14.64%
146.20
+0.48%
145.50
Retained Earnings
-1,536.90
-740.75%
-182.80
+12.95%
-210.00
-30.27%
-161.20
Gains Losses Not Affecting Retained Earnings
2.20
+111.28%
-19.50
-160.00%
-7.50
+31.19%
-10.90
Minority Interest
28.70
+56.83%
18.30
+176.89%
-23.80
-428.89%
-4.50
Other Equity Adjustments
2.20
+111.28%
-19.50
-160.00%
-7.50
+31.19%
-10.90
Total Equity Gross Minority Interest
726.40
+70.12%
427.00
+48.94%
286.70
-18.09%
350.00
Total Capitalization
819.00
+54.50%
530.10
+23.05%
430.80
-5.32%
455.00
Invested Capital
819.00
+1765.60%
43.90
-10.41%
49.00
-33.69%
73.90
Total Debt
121.30
-0.08%
121.40
+0.91%
120.30
+19.70%
100.50
Net Tangible Assets
482.10
+84.64%
261.10
+37.49%
189.90
-27.35%
261.40
Tangible Book Value
482.10
+314.17%
-225.10
-17.30%
-191.90
-60.32%
-119.70
Investments In Other Ventures Under Equity Method
10.40
-42.86%
18.20
+15.92%
15.70
+29.75%
12.10
Preferred Stock Equity
—
486.20
+27.34%
381.80
+0.18%
381.10
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
445.10
-43.35%
785.70
+170.93%
290.00
+341.40%
65.70
Cash Flow From Continuing Operating Activities
445.10
-43.35%
785.70
+170.93%
290.00
+341.40%
65.70
Net Income From Continuing Operations
-1,345.20
-5974.24%
22.90
+135.73%
-64.10
+33.51%
-96.40
Depreciation And Amortization
35.20
+32.33%
26.60
+83.45%
14.50
+150.00%
5.80
Other Non Cash Items
1,382.70
+86318.75%
1.60
+140.00%
-4.00
-4100.00%
0.10
Stock Based Compensation
43.10
+413.10%
8.40
+75.00%
4.80
0.00
Deferred Tax
-32.00
+21.76%
-40.90
-13733.33%
0.30
+105.17%
-5.80
Deferred Income Tax
-32.00
+21.76%
-40.90
-13733.33%
0.30
+105.17%
-5.80
Operating Gains Losses
10.50
+212.90%
-9.30
-9400.00%
0.10
-97.83%
4.60
Gain Loss On Investment Securities
-7.90
-315.79%
-1.90
-280.00%
-0.50
-112.82%
3.90
Unrealized Gain Loss On Investment Securities
-39.40
-107.37%
-19.00
-9.83%
-17.30
-4225.00%
-0.40
Net Foreign Currency Exchange Gain Loss
20.20
+496.08%
-5.10
-245.71%
3.50
+105.88%
1.70
Change In Working Capital
397.80
-50.34%
801.10
+124.90%
356.20
+125.59%
157.90
Change In Receivables
-1,067.20
-36.38%
-782.50
-22.90%
-636.70
-72.03%
-370.10
Changes In Account Receivables
-1,067.20
-36.38%
-782.50
-22.90%
-636.70
-72.03%
-370.10
Change In Payables And Accrued Expense
87.10
-86.31%
636.40
+195.72%
215.20
+92.66%
111.70
Change In Payable
87.10
-86.31%
636.40
+195.72%
215.20
+92.66%
111.70
Change In Account Payable
87.10
-86.31%
636.40
+195.72%
215.20
+92.66%
111.70
Change In Other Working Capital
180.40
+53.92%
117.20
+172.56%
43.00
+396.55%
-14.50
Change In Other Current Assets
—
—
—
6.70
Change In Other Current Liabilities
506.50
+86.62%
271.40
-19.23%
336.00
+109.87%
160.10
Investing Cash Flow
-173.60
+54.33%
-380.10
-2916.67%
-12.60
+91.46%
-147.50
Cash Flow From Continuing Investing Activities
-173.60
+54.33%
-380.10
-2916.67%
-12.60
+91.46%
-147.50
Capital Expenditure
-41.40
-20.35%
-34.40
-5.52%
-32.60
-22.10%
-26.70
Capital Expenditure Reported
-41.40
-20.35%
-34.40
-5.52%
-32.60
-22.10%
-26.70
Net Investment Purchase And Sale
-121.30
+64.24%
-339.20
-1848.45%
19.40
+117.60%
-110.20
Purchase Of Investment
-509.30
+8.60%
-557.20
-358.98%
-121.40
+53.93%
-263.50
Sale Of Investment
388.00
+77.98%
218.00
+54.83%
140.80
-8.15%
153.30
Net Business Purchase And Sale
-10.40
-116.67%
-4.80
-352.63%
1.90
+116.96%
-11.20
Purchase Of Business
-11.50
-139.58%
-4.80
-433.33%
-0.90
+91.96%
-11.20
Net Other Investing Changes
-0.50
+70.59%
-1.70
-30.77%
-1.30
-316.67%
0.60
Financing Cash Flow
205.80
+86.58%
110.30
+970.87%
10.30
-95.96%
254.70
Cash Flow From Continuing Financing Activities
205.80
+86.58%
110.30
+970.87%
10.30
-95.96%
254.70
Net Issuance Payments Of Debt
-0.80
-14.29%
-0.70
-103.89%
18.00
-64.91%
51.30
Issuance Of Debt
5.00
-89.94%
49.70
+148.50%
20.00
-63.03%
54.10
Repayment Of Debt
-5.80
+88.49%
-50.40
-2420.00%
-2.00
+28.57%
-2.80
Long Term Debt Issuance
5.00
-89.94%
49.70
+148.50%
20.00
-63.03%
54.10
Long Term Debt Payments
-5.80
+88.49%
-50.40
-2420.00%
-2.00
+28.57%
-2.80
Net Long Term Debt Issuance
-0.80
-14.29%
-0.70
-103.89%
18.00
-64.91%
51.30
Net Common Stock Issuance
392.00
0.00
0.00
0.00
Repurchase Of Capital Stock
-175.30
0.00
—
—
Net Other Financing Charges
-10.10
-188.57%
-3.50
+58.33%
-8.40
-500.00%
-1.40
Changes In Cash
477.30
-7.48%
515.90
+79.32%
287.70
+66.40%
172.90
Effect Of Exchange Rate Changes
49.00
+367.76%
-18.30
-546.34%
4.10
+128.08%
-14.60
Beginning Cash Position
1,273.00
+64.17%
775.40
+60.34%
483.60
+48.48%
325.70
End Cash Position
1,799.30
+41.34%
1,273.00
+64.17%
775.40
+60.21%
484.00
Free Cash Flow
403.70
-46.27%
751.30
+191.88%
257.40
+560.00%
39.00
Amortization Of Securities
-7.60
-33.33%
-5.70
-1040.00%
-0.50
-400.00%
-0.10
Common Stock Issuance
392.00
0.00
0.00
0.00
Earnings Losses From Equity Investments
-1.80
+21.74%
-2.30
+20.69%
-2.90
-190.00%
-1.00
Issuance Of Capital Stock
392.00
+242.36%
114.50
+16257.14%
0.70
-99.66%
204.80
Net Preferred Stock Issuance
-175.30
-253.10%
114.50
+16257.14%
0.70
-99.66%
204.80
Preferred Stock Issuance
0.00
-100.00%
114.50
+16257.14%
0.70
-99.66%
204.80
Preferred Stock Payments
-175.30
0.00
—
—
Sale Of Business
1.10
0.00
-100.00%
2.80
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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