# Accelerant Holdings (ARX.US)

Canonical: https://gigainvestors.com/s/ARX

Analysis as of: 2026-10-16T07:26:36.058Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $19.76 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 28% since Jul 2025

Story as of 2026-10-16T10:01:28.233Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in insurance brokers; annual sales are USD 912.9 million.

- Source: https://www.sec.gov/Archives/edgar/data/1997350/000199735026000003/arx-20251231.htm#000199735026000003 (filed 2026-03-18); FY2025: revenue 912900000; grossProfit 595200000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 57.9% to 65.2% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); FY2023: grossProfit / revenue = 58%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); FY2024: grossProfit / revenue = 57.9%.

- Source: https://www.sec.gov/Archives/edgar/data/1997350/000199735026000003/arx-20251231.htm (filed 2026-03-18); FY2025: grossProfit / revenue = 65.2%.

### Where the cash goes

Reinvests 2.7% of cash earnings; paid no dividends in 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); FY2022: growth capex 0; upkeep 26700000; owner earnings 39000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); FY2023: growth capex 0; upkeep 32600000; cash acquisitions 2800000; owner earnings 252500000. Growth capex plus acquisitions / owner earnings = 0.011089108910891089.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); FY2024: growth capex 0; upkeep 34400000; cash acquisitions 500000; owner earnings 742700000. Growth capex plus acquisitions / owner earnings = 0.0006732193348592972.

- Source: https://www.sec.gov/Archives/edgar/data/1997350/000199735026000003/arx-20251231.htm (filed 2026-03-18); FY2025: growth capex 0; upkeep 41400000; cash acquisitions 9900000; owner earnings 360600000. Growth capex plus acquisitions / owner earnings = 0.02745424292845258.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1997350/000199735026000003/arx-20251231.htm (filed 2026-03-18); FY2025: cash repurchases 175300000 USD.

### Are managers owners

Insiders own 48.7% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); ARX.US SharesStats.PercentInsiders = 48.737 percentage points; cache date 2026-10-16.

### What the price says

The price is 4.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-18); Closing price 19.76 USD; reporting-to-trading FX 1; FY2025 annual sales per share 4.798166939396739; price multiple 4.118239371322161. FY2025 cash earnings/share 1.8952995928869143. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-07: $27.54 per share

- 2025-08: $20.05 per share

- 2025-09: $14.89 per share

- 2025-10: $11.62 per share

- 2025-11: $14.57 per share

- 2025-12: $16.35 per share

- 2026-01: $13.66 per share

- 2026-02: $11.80 per share

- 2026-03: $13.36 per share

- 2026-04: $13.01 per share

- 2026-05: $15.95 per share

- 2026-06: $11.72 per share

- 2026-07: $11.88 per share

- 2026-08: $19.73 per share

- 2026-09: $19.73 per share

- 2026-10: $19.76 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1997350/000199735026000003/arx-20251231.htm); period 2025-12-31, filed 2026-03-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.