Neptune Beats With 34% Revenue Growth, Raises 2026 Outlook, Sets 2027 Guide; CFO to Step Down
NP sits 100% above its 52-week low of $14.78.
Summary
Neptune posted record Q3 revenue of $59.6M (up 34%) and $36.8M of Adjusted EBITDA, raised 2026 revenue guidance to $204M and set initial 2027 guidance of $238M. CFO Jim Steiner will resign after the FY2026 10-K, with director Cristian Melej named as his successor.
Key Events · Earnings and Guidance · NP
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Record Q3 With 34% Revenue Growth
Revenue rose to $59.6M from $44.4M a year ago; net income grew 50% to $17.3M and Adjusted EBITDA rose 37.5% to $36.8M at a 61.7% margin.
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2026 Guidance Raised, 2027 Guide Set
Full-year 2026 revenue is now expected at $204M with Adjusted EBITDA margin above 61%; initial 2027 guidance is $238M revenue at a 61% margin.
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CFO Transition Announced
Jim Steiner resigned effective after the FY2026 10-K; director and audit committee chair Cristian Melej was appointed CFO effective the same date. No new or amended compensation arrangements for Steiner.
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Debt Cut to $215M, Leverage 1.7x
Q3 principal paydowns of $25.0M on the $260M revolver brought debt to $215.0M; nine-month operating cash flow was $69.3M versus $38.9M a year earlier.
Analysis · NP · Finance
Neptune delivered another quarter of 30%+ growth at 60%+ margins and raised full-year 2026 revenue to $204M, while setting an initial 2027 target of $238M — the kind of forward number that resets expectations for a recently public company. The offset is a CFO transition: Jim Steiner steps down after the FY2026 10-K is filed, with board member and audit committee chair Cristian Melej taking over. Steiner stays as COO of the Neptune Flood subsidiary and on the board, and the company says there was no disagreement, so this reads as a planned handoff rather than a red flag — but it lands alongside heavy insider selling over the past quarter.
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At the time of this filing, NP was trading at $29.49 on NYSE in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $14.78 to $35.15. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.