Neptune 10-Q Details Q3 Net Income of $17.3M and $31.9M of Buybacks
NP sits 94% above its 52-week low of $14.78.
Summary
Neptune's Q3 10-Q backs up the October 20 release with $17.3M of net income and $40.4M for nine months, plus $31.9M of buybacks and a revolver cut to $215.0M. New disclosure: CEO 10b5-1 plans covering up to 571,399 RSU-related shares.
Key Events · Earnings and Guidance · NP
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Q3 Net Income $17.3M, EPS $0.12
Revenue of $59.6M (up 34.3%) produced net income of $17.3M and diluted EPS of $0.12; nine-month net income was $40.4M, or $0.28 diluted.
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Share-Based Comp Now $20.8M Run-Rate
Nine-month share-based compensation was $20.8M versus $0.3M a year earlier, driven by 2025 RSU grants; $84.0M of unrecognized RSU cost remains to be expensed over about 2.3 years.
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$31.9M of Stock Retired, $94.1M Left
1,219,140 Class A shares were repurchased and retired for $31.9M, including 984,140 shares at $26.40 concurrent with the May 2026 secondary offering; $94.1M remains under the $100M program.
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Revolver Cut to $215.0M, Then $222.0M
Revolver balance fell to $215.0M at September 30 from $240.0M at December 31, 2025, leaving $45.0M available; the company borrowed $7.0M on October 19, 2026, bringing the balance to $222.0M.
Analysis · NP · Finance
The headline numbers were already out on October 20, so the revenue and EBITDA figures themselves won't move the stock again. What this 10-Q adds is the quality-of-earnings detail: net income of $17.3M ($0.12 diluted) for the quarter and $40.4M for nine months, against $20.8M of non-cash share-based compensation that is now a recurring drag from the 2025 RSU grants. It also confirms the company is shrinking share count rather than growing it — 1,219,140 Class A shares retired for $31.9M in the first nine months, with $94.1M of the $100M authorization still unused — while paying down the revolver to $215.0M from $240.0M. The one new governance item is CEO Trevor Burgess layering two 10b5-1 plans covering up to 406,152 and 165,247 shares tied to RSU vestings, which sits alongside a 90-day insider selling pattern of roughly $128.7M with no open-market buys.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NP was trading at $28.72 on NYSE in the Finance sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $14.78 to $35.15. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.