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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and REGENXBIO Inc. (RGNX). 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 $30.3M, roughly 1.2× REGENXBIO Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -221.3%, a 221.5% gap on every dollar of revenue. On growth, REGENXBIO Inc. posted the faster year-over-year revenue change (43.0% vs 28.8%).

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.

REGENXBIO Inc. is a clinical-stage biotechnology firm focused on gene therapy for rare severe genetic diseases. It licenses its proprietary AAV vector technology to global biopharma partners, and advances its own pipeline targeting ophthalmology, metabolic and neurodegenerative disorders.

NP vs RGNX — Head-to-Head

Bigger by revenue
NP
NP
1.2× larger
NP
$37.8M
$30.3M
RGNX
Growing faster (revenue YoY)
RGNX
RGNX
+14.2% gap
RGNX
43.0%
28.8%
NP
Higher net margin
NP
NP
221.5% more per $
NP
0.1%
-221.3%
RGNX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NP
NP
RGNX
RGNX
Revenue
$37.8M
$30.3M
Net Profit
$50.0K
$-67.1M
Gross Margin
Operating Margin
-190.0%
Net Margin
0.1%
-221.3%
Revenue YoY
28.8%
43.0%
Net Profit YoY
0.0%
-31.2%
EPS (diluted)
$0.05
$-1.30

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.

Revenue
NP
NP
RGNX
RGNX
Q1 26
$37.8M
Q4 25
$30.3M
Q3 25
$44.4M
$29.7M
Q2 25
$21.4M
Q1 25
$89.0M
Q4 24
$21.2M
Q3 24
$33.8M
$24.2M
Q2 24
$22.3M
Net Profit
NP
NP
RGNX
RGNX
Q1 26
$50.0K
Q4 25
$-67.1M
Q3 25
$11.5M
$-61.9M
Q2 25
$-70.9M
Q1 25
$6.1M
Q4 24
$-51.2M
Q3 24
$12.1M
$-59.6M
Q2 24
$-53.0M
Gross Margin
NP
NP
RGNX
RGNX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
70.2%
Q3 24
48.8%
Q2 24
52.5%
Operating Margin
NP
NP
RGNX
RGNX
Q1 26
Q4 25
-190.0%
Q3 25
46.7%
-176.3%
Q2 25
-296.3%
Q1 25
13.6%
Q4 24
-242.1%
Q3 24
58.6%
-256.6%
Q2 24
-251.3%
Net Margin
NP
NP
RGNX
RGNX
Q1 26
0.1%
Q4 25
-221.3%
Q3 25
25.9%
-208.3%
Q2 25
-331.8%
Q1 25
6.8%
Q4 24
-241.3%
Q3 24
35.8%
-246.3%
Q2 24
-237.7%
EPS (diluted)
NP
NP
RGNX
RGNX
Q1 26
$0.05
Q4 25
$-1.30
Q3 25
$0.06
$-1.20
Q2 25
$-1.38
Q1 25
$0.12
Q4 24
$-0.99
Q3 24
$0.06
$-1.17
Q2 24
$-1.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NP
NP
RGNX
RGNX
Cash + ST InvestmentsLiquidity on hand
$230.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$102.7M
Total Assets
$453.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
RGNX
RGNX
Q1 26
Q4 25
$230.1M
Q3 25
$12.2M
$274.2M
Q2 25
$323.3M
Q1 25
$267.9M
Q4 24
$234.7M
Q3 24
$255.5M
Q2 24
$290.4M
Total Debt
NP
NP
RGNX
RGNX
Q1 26
Q4 25
Q3 25
$247.6M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NP
NP
RGNX
RGNX
Q1 26
Q4 25
$102.7M
Q3 25
$-509.5M
$161.5M
Q2 25
$213.7M
Q1 25
$274.2M
Q4 24
$259.7M
Q3 24
$-374.3M
$301.4M
Q2 24
$348.3M
Total Assets
NP
NP
RGNX
RGNX
Q1 26
Q4 25
$453.0M
Q3 25
$89.6M
$525.2M
Q2 25
$581.0M
Q1 25
$490.9M
Q4 24
$466.0M
Q3 24
$519.1M
Q2 24
$569.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NP
NP
RGNX
RGNX
Operating Cash FlowLast quarter
$-52.3M
Free Cash FlowOCF − Capex
$-52.8M
FCF MarginFCF / Revenue
-174.0%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NP
NP
RGNX
RGNX
Q1 26
Q4 25
$-52.3M
Q3 25
$38.9M
$-56.0M
Q2 25
$-49.3M
Q1 25
$33.6M
Q4 24
$-31.6M
Q3 24
$-40.5M
Q2 24
$-45.5M
Free Cash Flow
NP
NP
RGNX
RGNX
Q1 26
Q4 25
$-52.8M
Q3 25
$-56.5M
Q2 25
$-49.7M
Q1 25
$32.6M
Q4 24
$-32.7M
Q3 24
$-40.9M
Q2 24
$-46.0M
FCF Margin
NP
NP
RGNX
RGNX
Q1 26
Q4 25
-174.0%
Q3 25
-189.9%
Q2 25
-232.8%
Q1 25
36.6%
Q4 24
-154.2%
Q3 24
-168.9%
Q2 24
-206.2%
Capex Intensity
NP
NP
RGNX
RGNX
Q1 26
Q4 25
1.7%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
1.2%
Q4 24
5.1%
Q3 24
1.3%
Q2 24
2.1%
Cash Conversion
NP
NP
RGNX
RGNX
Q1 26
Q4 25
Q3 25
3.38×
Q2 25
Q1 25
5.53×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NP
NP

Segment breakdown not available.

RGNX
RGNX

Novartis Gene Therapies$24.2M80%
Nippon Shinyaku Collaboration And License Agreement$4.3M14%
Nippon Shinyaku Services$1.4M5%

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