ARXAccelerant Holdings
Insurance Agents, Brokers & Service · $3.3B market cap · 250 employees
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
2of 15 firedHow well they predict deals →
- Buyout-sizedYes$3.3B market capMarket cap $500M–$5B
- Net insider sellingYes−$20M netNet sales over $10M in 12 months
13 other checks
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo5% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo100% lowest supportAny vote under 80% support
- Low revenue per employeeNo$4M · 100th pctBottom quartile of its SIC industry
- Quiet on AINo4.4 per 10K words · 80th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Recurring revenueNo6 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo1 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Oct 30, 2026 | SC 13E3 | Thoma Bravo, L.P. | — | — |
| Oct 30, 2026 | PREM14A | Thoma Bravo | $20.25 | 54% |
| Aug 14, 2026 | 8-K | Thoma Bravo | — | — |
Key numbers
- Revenue
- $913M
- 51% YoY
- Operating margin
- —
- EBITDA
- —
- Net debt / EBITDA
- —
- −$1.5B net debt
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $344M | $603M | $913M | 51% |
| Operating cash flow | $290M | $786M | $445M | 43% |
| Stock-based comp | $5M | $8M | $43M | 413% |
13D filers
None on file.
Insider trading
−$20Mnet selling by insiders, open market, last 12 months
Bought $2M · 6 tradesSold $22M · 25 trades
Pay vs performance
No pay-versus-performance disclosure yet.