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Accelerant Holdings

ARXยทNYSE

$14.61

-1.9%
Financial ServicesInsurance - Brokers

Accelerant Holdings, together with its subsidiaries, operate a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. 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 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, and the United Kingdom. The company was founded in 2018 and is based in Grand Cayman, the Cayman Islands.

At a Glance

Live Snapshot
Market Cap$3.19B
EPS-7.4900
P/E Ratio-1.95
Earnings Date07/17/2026
3Y+577.0%
5Y+295.0%
10Y+295.0%
3Y+18.0%
5Y+31.0%
10Y+31.0%
3Y-19.0%
5Y-12.0%
10Y-12.0%
A

Accelerant Holdings Cash Conversion Engine

ARX ยท NYSE
Net Income-1.35B
Depreciation & Amortization35.20M
Stock-Based Compensation43.10M
Change in Working Capital397.80M
Others1.35B
Capital Expenditures-41.40M
Free Cash Flow403.70M

Cash Flow Quality Analysis

FCF Conversion Rate

-30.0%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

9.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-46.3%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$397.80M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Accelerant Holdings Cash Flow Statement

ARX โ€ข NYSE

Accelerant Holdings Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
OPERATING ACTIVITIES
-1.3B
22.4M
-64.1M
-96.4M
-24.4M
35.2M
26.6M
14.5M
5.8M
1.6M
-32M
-40.9M
300K
-5.8M
-1.7M
43.1M
8.4M
4.8M
0.0
0.0
1.3B
-32.1M
-22.1M
4.2M
9.5M
397.8M
801.1M
356.5M
157.9M
127.7M
445.1M
785.5M
289.9M
65.7M
112.7M
INVESTING ACTIVITIES
-41.4M
-34.4M
-32.6M
-26.7M
-14.7M
-10.4M
-4.8M
(2.2M)
-11.2M
-21.2M
-509.3M
-557.6M
-122M
-263.5M
-125.4M
388M
218M
140.8M
153.3M
28.9M
-500K
-1.3M
-100K
600K
-100K
-173.6M
-380.1M
-11.7M
-147.5M
-132.5M
FINANCING ACTIVITIES
216.7M
0.0
0.0
0.0
30.9M
-800K
-700K
18M
51.3M
49.5M
-175.3M
(0.0)
(0.0)
(0.0)
(0.0)
165.2M
-3.5M
-8.4M
-1.4M
0.0
205.8M
110.3M
10.3M
254.7M
233.7M
CASH FLOW SUMMARY
49M
-18.3M
3.3M
-14.6M
2.2M
526.3M
497.4M
291.8M
158.3M
216.1M
1.3B
775.8M
484M
325.7M
85.8M
1.8B
1.3B
775.8M
484M
301.9M
403.7M
751.1M
257.3M
39M
98M

SEC Filings

ARX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 29, 2026
May 29, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 13, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 30, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

March 18, 2026
March 13, 2026
2026
10-K

10-K 2025 FY

FY

March 18, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 27, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

February 27, 2026
February 27, 2026
2026
8-K

8-K 2025

N/A

November 12, 2025
November 12, 2025
2025
Showing 1 to 10 of 16 filings