Slide Insurance Holdings, Inc. SLDE

Financials SIC 6331 - Fire, Marine & Casualty Insurance Nasdaq

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family, condominium and commercial residential policies in the property and casualty (P&C) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company ("SIC"). In February 2025, we acquired an additional insurance subsidiary, Slide Specialty Insurance Company ("Slide Specialty"), which is licensed in New York, New Jersey, Rhode Island and South Carolina. We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct- to-consumer ("DTC") channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries. We do not depend on any one key product or product line within the coastal specialty homeowners and commercial residential insurance market. We control all aspects of our value chain, including technology, underwriting, actuarial, distribution, claims, risk management and reinsurance which allows us to maximize profitability while maintaining disciplined underwriting standards.

Last close 24.67 2026-09-04
Market cap $2.88B 2026-06-30 share count
52-week range 12.53 - 25.09

Valuation FY2025 figures against the last close

P/S2.5x
P/E7.3x
P/FCF3.6x
EV/EBITDA
Dividend yield
Diluted EPS3.36

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023
Revenue $1.16B$846.8M
SG&A $175.8M$137.5M
Total operating expenses $566.7M$576.8M
Interest expense $3.6M$3.8M
Pre-tax income $589.2M$270.0M
Income tax $145.3M$68.8M
Net income $444.0M$201.1M
EPS, basic 4.753.58
EPS, diluted 3.361.66
Shares, diluted (wtd. avg.) $132.0M$121.1M

Balance sheet

Fiscal year FY2025FY2024FY2023
Cash and equivalents $1.20B$493.4M$442.4M
Property, plant and equipment $11.6M$13.6M
Goodwill $2.6M$2.6M$2.6M
Other intangibles $99.0K$7.7M
Total assets $2.92B$1.93B
Long-term debt $33.7M$39.2M
Total liabilities $1.81B$1.50B
Retained earnings $753.1M$309.2M
Total equity $1.11B$433.2M$237.6M

Cash flow

Fiscal year FY2025FY2024FY2023
Operating cash flow $797.4M$553.9M
Depreciation and amortisation $12.4M$10.3M
Stock-based compensation $12.1M$2.9M
Capital expenditure $2.9M$10.1M
Investing cash flow -$115.2M-$204.0M
Financing cash flow $210.9M-$2.4M
Buybacks $40.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-083277.

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