Accelerant Holdings (ARX) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.0B	879.5M	597.7M	329.7M	213.1M
Cost of Revenue	340.8M	284.3M	248.7M	130.2M	134.5M
Gross Profit	699.0M	595.2M	349.0M	199.5M	78.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	542.1M	428.1M	262.4M	198.7M	121.2M
General & Admin Expense	507.3M	428.1M	262.4M	198.7M	121.2M
Selling & Marketing Expense	34.8M	—	—	—	—
Other Expenses	1.5B	1.5B	54.6M	44.7M	41.7M
Total Operating Expenses	2.0B	1.9B	317.0M	243.4M	162.9M
Cost and Expenses	2.3B	2.2B	565.7M	373.6M	297.4M
Operating Income (EBIT)	(1.3B)	(1.3B)	32.0M	(43.9M)	(84.3M)
Non-Operating
Interest Income	64.1M	79.0M	50.5M	20.9M	2.0M
Interest Expense	63.6M	69.0M	32.4M	15.1M	4.2M
Net Interest Income	500.0K	10.0M	18.1M	5.8M	(2.2M)
Other Non-Op Income/Expense	28.1M	—	—	—	—
Non-Operating Income (excl Interest)	(50.0M)	(69.0M)	(32.4M)	(15.1M)	(4.2M)
EBT (Pre-Tax Income)	(1.3B)	(1.3B)	32.0M	(43.9M)	(84.3M)
Income Tax Expense	19.9M	23.3M	9.1M	20.2M	11.3M
Bottom Line
Net Income	(1.3B)	(1.4B)	27.2M	(48.8M)	(91.7M)
Earnings from Cont. Ops	(1.3B)	(1.3B)	22.9M	(64.1M)	(95.6M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(1.4B)	(1.4B)	27.2M	(48.8M)	(91.7M)
Per Share
Basic EPS	($6.67)	($7.49)	$0.17	($0.30)	($0.55)
Diluted EPS	($6.67)	($7.49)	$0.13	($0.23)	($0.55)
Revenue Per Share	$4.72	$4.62	$3.68	$2.03	$1.29
Shares
Basic Shares Outstanding	220.2M	190.3M	162.5M	162.5M	165.6M
Diluted Shares Outstanding	221.1M	190.3M	216.7M	216.7M	165.6M
Profitability Metrics
EBITDA	(1.2B)	(1.2B)	91.0M	(14.3M)	(74.3M)
D&A	39.9M	35.2M	26.6M	14.5M	5.8M
EBIT	(1.2B)	(1.3B)	64.4M	(28.8M)	(80.1M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026