Bowhead Specialty Holdings (BOW) Income Statement

Bowhead Specialty Holdings reported revenue of $551.54M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 29.6% from $425.66M a year earlier. Net income was $53.79M, up 40.6% year over year, a net margin of 9.8%. Gross margin was 32.1% and operating margin 12.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $163.86M, up 23.0% from the same quarter a year earlier.

Bowhead Specialty Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Bowhead Specialty Holdings Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	551.54	425.66	283.42	187.60
Cost of Revenue	374.54	280.50	187.22	126.96
Gross Profit	177.00	145.10	96.20	60.65
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00
Operating Expenses	109.71	94.56	64.09	45.99
Operating Income	67.30	55.98	32.12	14.66
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00
Interest Expense	2.01	-0.73	0.00	0.00
Other Income/Expense	2.04	-2.64	0.00	0.01
Income
Income Before Tax	67.30	50.54	32.12	14.66
Income Tax Expense	13.51	12.29	7.07	3.41
Net Income	53.79	38.24	25.05	11.26
Net Income - Continuous Operations	53.79	38.24	25.05	11.26
Net Income - Discontinued Operations	-	-	-	-
EBITDA	71.09	56.22	34.38	14.79
EBIT	69.31	56.05	32.73	14.66
Depreciation & Amortization	1.78	0.17	2.27	0.13
Earnings Per Share
Basic EPS	2.00	1.00	1.00	-
Diluted EPS	2.00	1.00	1.00	-
Basic Shares Outstanding	32.78	29.26	31.53	24.00
Diluted Shares Outstanding	33.74	29.68	31.53	24.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Bowhead Specialty Holdings Financial Statements

What was Bowhead Specialty Holdings's revenue in fiscal 2025?

Bowhead Specialty Holdings reported revenue of $551.54M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 29.6% from $425.66M a year earlier.

Is Bowhead Specialty Holdings profitable?

Yes. Bowhead Specialty Holdings earned net income of $53.79M in fiscal 2025, a net margin of 9.8%. In fiscal 2024 it earned $38.24M.

What is Bowhead Specialty Holdings's operating margin?

Bowhead Specialty Holdings's operating income was $67.30M on revenue of $551.54M in fiscal 2025, an operating margin of 12.2%, compared with 13.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition