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SLDE

Slide Insurance Holdings, Inc. Common Stock

SLDE

Slide Insurance Holdings, Inc. Common Stock NASDAQ
$16.89 0.00% (+0.00)

Market Cap $2.10 B
52w High $25.90
52w Low $12.53
Dividend Yield 0%
P/E 6.01
Volume 270.08K
Outstanding Shares 124.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $265.693M $49.045M $110.997M 41.776% $0.89 $151.055M
Q2-2025 $261.607M $41.845M $70.072M 26.785% $0.56 $100.206M
Q1-2025 $281.593M $45.353M $92.503M 32.85% $0.74 $127.882M
Q4-2024 $238.453M $49.476M $75.093M 31.492% $0.6 $104.422M
Q3-2024 $200.104M $42.054M $17.577M 8.784% $0.14 $28.601M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $903.167M $2.687B $1.723B $964.22M
Q2-2025 $975.63M $2.814B $1.946B $868.06M
Q1-2025 $671.409M $1.922B $1.39B $532.448M
Q4-2024 $550.075M $1.932B $1.499B $433.159M
Q3-2024 $476.654M $1.635B $1.265B $369.436M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $110.997M $25.273M $-18.093M $-20.736M $-13.556M $24.455M
Q2-2025 $70.072M $253.617M $5.72M $259.488M $518.825M $252.709M
Q1-2025 $92.503M $96.812M $11.768M $-1.499M $107.081M $96.224M
Q4-2024 $75.093M $158.449M $-9.967M $-7.099M $141.384M $157.679M
Q3-2024 $17.577M $119.74M $-47.311M $-2.539M $69.889M $114.688M

Five-Year Company Overview

Income Statement

Income Statement Slide’s income statement shows a young insurer scaling up quickly. Revenue has climbed sharply over the last few years, and profits have grown even faster than sales, which suggests improving efficiency and good cost control so far. Margins look healthy for an early-stage insurtech, indicating the underwriting model and pricing seem to be working in the current environment. That said, the track record is still short and concentrated in catastrophe‑exposed markets, so results could swing a lot from year to year depending on storm seasons, reinsurance costs, and regulatory changes.


Balance Sheet

Balance Sheet The balance sheet looks solid for a fast‑growing insurer. Total assets and shareholder equity have both expanded meaningfully, which points to a growing capital base supporting more policies. Cash reserves are sizable relative to the company’s scale, and debt levels are low, which gives Slide financial flexibility and some cushion against shocks. However, insurance is a capital‑intensive, highly regulated business, so the company will need to keep strengthening capital and reinsurance protection as it grows into more volatile coastal markets.


Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has been consistently positive and rising, and free cash flow has closely tracked this, with only modest spending on technology and other long‑term investments. For a young insurtech, being cash‑generative rather than dependent on constant external funding is notable. Still, in insurance, strong cash inflows can reflect premium collection more than true long‑term profitability, and rapid expansion into new states or products could require higher investment and greater use of capital over time.


Competitive Edge

Competitive Edge Slide’s competitive position rests on three main pillars: technology, specialization, and control over the value chain. The company focuses on coastal homeowners’ coverage, a niche many traditional insurers have pulled back from, giving Slide access to underserved demand. Its proprietary AI and data platform aims to price and select risk more precisely than legacy carriers, and its Violet agent platform strengthens relationships with thousands of independent agents. Vertical integration—from underwriting through claims—supports speed and customer experience. Offsetting these strengths are significant risks: heavy exposure to hurricane‑prone regions, dependence on robust reinsurance markets, intense competition from both incumbents and other insurtechs, and sensitivity to regulatory shifts in key states.


Innovation and R&D

Innovation and R&D Innovation is central to Slide’s story. The firm has built its own technology stack around AI and big data, using a very large dataset of insured properties to refine underwriting, pricing, and claims. It offers highly customizable homeowners and related policies, delivered through both agents and a digital‑first consumer experience. Looking ahead, the company plans to keep investing in its platform, expand from its core states into additional coastal markets, and broaden its product mix into areas like commercial residential and specialty lines. This continued innovation could deepen its data advantage, but it also requires ongoing investment and careful execution to avoid growing faster than its risk controls can handle.


Summary

Overall, Slide looks like a fast‑growing, tech‑driven insurer with early evidence of strong profitability, a conservative balance sheet, and healthy cash generation for its size. Its strategy of using advanced analytics to tackle difficult coastal property risks gives it a clear identity and a potential edge versus slower, legacy competitors. At the same time, the business is young, concentrated in highly volatile markets, and exposed to weather, regulatory, and reinsurance cycles that can change results quickly. The long‑term picture will depend on how well Slide can scale its model into new states and products while preserving underwriting discipline, capital strength, and the effectiveness of its technology platform through both calm and heavy catastrophe years.