Neptune Insurance Holdings Inc-A 2026年季度报告

FORM 10-Q For the quarterly period ended June 30, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ___________Commission File Number: 001-42878 Neptune Insurance Holdings Inc.(Exact name of registrant as specified in its charter) Delaware33-4189588 (727) 202-4815(Registrant’s telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: The New York Stock Exchange Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filerSmaller reporting company Large Accelerated filerNon-Accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of July24, 2026, the registrant had outstanding 93,798,090 shares of Class A common stock and 43,435,000 shares ofClass B common stock, each with a par value of $0.00001. NEPTUNE INSURANCE HOLDINGS INC.QUARTERLY REPORT ON FORM 10-QTable of Contents Page Number Special Note Regarding Forward-Looking StatementsiiPART I.FINANCIAL INFORMATION1Item 1.Financial Statements (Unaudited)2Condensed Consolidated Balance Sheets (Unaudited)2Condensed Consolidated Statements of Income (Unaudited)3Condensed Consolidated Statements of Changes in Redeemable, Convertible Preferred Stock andStockholders’ Deficit (Unaudited)4Condensed Consolidated Statements of Cash Flows (Unaudited)5Notes to Unaudited Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item 3.Quantitative and Qualitative Disclosures About Market Risk37Item 4.Controls and Procedures37PART II.OTHER INFORMATION39Item 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 3.Defaults Upon Senior Securities39Item 4.Mine Safety Disclosures39Item 5.Other Information39Item 6.Exhibits41Signatures42 Special Note Regarding Forward-Looking Statements The discussions in this Quarterly Report on Form 10-Q contain forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future andmanagement’s current expectations, involve certain risks and uncertainties and are not guarantees. These forward-looking statementsinclude, but are not limited to, statements concerning our strategy, competition, future operations, future financial position, futurerevenues, projected costs, profitability, capital adequacy, expectations regarding demand and acceptance for our technologies, growthopportunities and trends in the markets in which we operate, prospects and plans and objectives of management. The words“anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would,” “predicts,” andsimilar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain theseidentifying words. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements andyou should not place undue reliance on our forward-looking statements. Future results may differ materially from the plans, intentions,and expectations disclosed in the forward-looking statements that we make. These forward-looking statements involve risks anduncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, withoutlimitation, the risks set forth in Part I, Item 1A, “Risk Factors” of our Annual Report on