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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and ON24 INC. (ONTF). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $34.6M, roughly 1.1× ON24 INC.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -18.8%, a 18.9% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -5.6%).
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
NP vs ONTF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.8M | $34.6M |
| Net Profit | $50.0K | $-6.5M |
| Gross Margin | — | 74.9% |
| Operating Margin | — | -23.5% |
| Net Margin | 0.1% | -18.8% |
| Revenue YoY | 28.8% | -5.6% |
| Net Profit YoY | 0.0% | 26.8% |
| EPS (diluted) | $0.05 | $-0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $37.8M | — | ||
| Q4 25 | — | $34.6M | ||
| Q3 25 | $44.4M | $34.6M | ||
| Q2 25 | — | $35.3M | ||
| Q1 25 | — | $34.7M | ||
| Q4 24 | — | $36.7M | ||
| Q3 24 | $33.8M | $36.3M | ||
| Q2 24 | — | $37.3M |
| Q1 26 | $50.0K | — | ||
| Q4 25 | — | $-6.5M | ||
| Q3 25 | $11.5M | $-6.4M | ||
| Q2 25 | — | $-7.3M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $12.1M | $-11.4M | ||
| Q2 24 | — | $-11.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 74.7% | ||
| Q2 25 | — | 75.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | — | 74.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | -23.5% | ||
| Q3 25 | 46.7% | -23.1% | ||
| Q2 25 | — | -26.0% | ||
| Q1 25 | — | -30.1% | ||
| Q4 24 | — | -32.1% | ||
| Q3 24 | 58.6% | -36.7% | ||
| Q2 24 | — | -35.0% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | — | -18.8% | ||
| Q3 25 | 25.9% | -18.4% | ||
| Q2 25 | — | -20.6% | ||
| Q1 25 | — | -25.1% | ||
| Q4 24 | — | -24.2% | ||
| Q3 24 | 35.8% | -31.4% | ||
| Q2 24 | — | -29.9% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $-0.15 | ||
| Q3 25 | $0.06 | $-0.15 | ||
| Q2 25 | — | $-0.17 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | $0.06 | $-0.27 | ||
| Q2 24 | — | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $139.4M |
| Total Assets | — | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $37.0M | ||
| Q3 25 | $12.2M | $47.2M | ||
| Q2 25 | — | $37.7M | ||
| Q1 25 | — | $26.8M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $15.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $247.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $139.4M | ||
| Q3 25 | $-509.5M | $144.3M | ||
| Q2 25 | — | $150.0M | ||
| Q1 25 | — | $153.7M | ||
| Q4 24 | — | $159.4M | ||
| Q3 24 | $-374.3M | $164.9M | ||
| Q2 24 | — | $170.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $228.4M | ||
| Q3 25 | $89.6M | $224.8M | ||
| Q2 25 | — | $235.1M | ||
| Q1 25 | — | $245.8M | ||
| Q4 24 | — | $251.0M | ||
| Q3 24 | — | $250.9M | ||
| Q2 24 | — | $259.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -6.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $38.9M | $2.5M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $985.0K | ||
| Q3 24 | — | $295.0K | ||
| Q2 24 | — | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | — | $143.0K | ||
| Q2 24 | — | $898.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.38× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
