Orion180 Files US IPO After Swinging to $13.5 Million Profit
Updated
Updated · Bloomberg · Aug 20
Orion180 Files US IPO After Swinging to $13.5 Million Profit
1 articles · Updated · Bloomberg · Aug 20
Summary
$13.5 million in first-half net income helped Orion180 move ahead with a US IPO filing, after posting a $3 million loss a year earlier.
Revenue rose to $80.1 million from $50.4 million in the first six months of 2026, according to the filing with the US Securities and Exchange Commission.
Orion180, based in Melbourne, Florida, said it is seeking public capital to expand its position in the fast-growing specialty homeowners and flood insurance market.
How did a Florida insurtech flip a massive loss into profit while covering coastal disaster zones that traditional carriers are fleeing?
As FEMA's flood program struggles, can this newly public tech-driven insurer truly conquer America's riskiest climate zones without facing financial ruin?