Accelerant Holdings (ARX) Earnings
Accelerant Holdings is expected to report next earnings on August 27, 2026 (in NaN days), with a consensus EPS estimate of $0.15. ARX has beaten EPS estimates in 4 of its last 4 reported quarters (average surprise +27.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | $0.16 | $0.17 | +6.3% | $273M | +11.8% |
| Mar 19, 2026 | $0.19 | $0.23 | +21.6% | $154M | -38.6% |
| Nov 12, 2025 | $0.22 | $0.38 | +75.9% | $267M | +5.5% |
| Aug 28, 2025 | $0.13 | $0.14 | +7.7% | $204M | -14.6% |
| Mar 31, 2025 | — | $0.03 | — | $171M | — |
| Jun 30, 2024 | — | $-0.04 | — | $130M | — |
| Mar 31, 2024 | — | $0.04 | — | $129M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2025 · March 19, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
AI is the architecture of the business. Three structural advantages: proprietary decision-ready data, algorithm-supported underwriting, technologically adaptive decentralized MGAs. Fourth quarter beat expectations on exchange-written premium, third-party premium, and adjusted EBITDA. AI empowers members with faster due diligence, quicker member growth, and lower loss ratios for risk capital partners. Six key metrics (three supply-side, three demand-side) show strong business execution.
Guidance
Q1 2026: Exchange-written premium $1.07 - $1.13 billion, third-party direct written premium $450 - $470 million, adjusted EBITDA $64 - $66 million. Full year 2026: Exchange-written premium at least $5.1 billion, third-party direct written premium at least $2.2 billion, adjusted EBITDA at least $275 million.
Segment performance
Exchange services: Q4 revenue $93 million, +46% y/y; adjusted EBITDA $63 million, margin 67%. MGA Operations: Q4 revenue $59 million (excluding non-recurring gain $57 million), adjusted EBITDA $23 million (excluding gain $21 million), margin 36%. Underwriting segment: Q4 revenue $111 million, adjusted EBITDA $13 million, gross loss ratio 51%.
Risks & headwinds
Actual results may materially differ from forward-looking statements. Information in SEC filings' risk factor section. Industry modernization struggles in connecting and synthesizing data across systems.
Analyst Q&A
Q: Roland Banger asked about 4Q adjusted EBITDA above guidance range.
A: Jay said upside from all segments, exchange services beat on volume and take rate up, MGA ops outperformed, underwriting loss ratio 51 contributed.
Q: About quarterly and annual premium guidance.
A: Ryan said size of Canadian member around 50 million USD per quarter impacts Q1 and Q2.