The financials
Accelerant Holdings by the numbers
Accelerant Holdings (ARX) reported revenue of $273M in Q1 2026 (quarter ended March 31, 2026), up 54% from the same quarter a year earlier. That came with net loss of $4.1M. For the full year FY2025, revenue was $913M (+51% year on year) and net income −$1.35B. Its largest segment in 2025-Q3 was Underwriting at $118M, 41% of the disclosed total, just ahead of Exchange Services at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $273M | $178M | +54% |
| Net income | −$4.1M | $7.8M | to a loss |
| Diluted EPS | −$0.02 | $0.03 | to a loss |
| Operating | Revenue | Share |
|---|---|---|
| Underwriting | $118M | 41% |
| Exchange Services | $85M | 30% |
| MGA Operations | $81M | 29% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q3 2025Total $283.4M (+12%)
Segment Latestquarter on quarteryear on year
- Underwriting$117.6M$117.6MQoQ +6.7%year on year +41%+6.7%+41%
- Exchange Services$85.0M$85.0MQoQ -0.82%year on year +34%-0.82%+34%
- MGA Operations$80.8M$80.8MQoQ +39%year on year +88%+39%+88%