Accelerant Holdings
ARXFinancial ServicesNASDAQInsurance Brokers · Last scanned Jul 18, 2026
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Daily timeframeAccelerant Holdings, together with its subsidiaries, operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. Valued at $2.95B, ARX is a mid-cap name in its sector. It operates through Exchange Services, MGA Operations, and Underwriting segments.
Market Cap
$2.95B
Beta
—
P/E (TTM)
—
P/E (Fwd)
14.65
EPS (TTM)
$-6.29
EPS (Fwd)
$0.92
ROE
-243.2%
ROA
0.4%
Cash
$1.66B
Total Debt
$120.7M
Free CF
-$2.04B
52W Change
-49.0%
Annual Financials
Cash vs Debt
Accelerant Holdings holds $1.66B in cash against $120.7M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company is burning cash, with free cash flow at -$2.04B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -243.2%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $103.2M (2021) to $879.5M (2025), reflecting a 752% increase over the period.
With cash comfortably exceeding debt, ARX has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Accelerant Holdings's trajectory.