Palomar Holdings (PLMR) Financial Statements & Analysis

Palomar Holdings (PLMR) Income Statement

Palomar Holdings reported revenue of $875.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 58.2% from $553.86M a year earlier. Net income was $197.07M, up 67.6% year over year, a net margin of 22.5%. Gross margin was 73.9% and operating margin 28.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $314.42M, up 54.7% from the same quarter a year earlier.

Palomar Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Palomar Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	875.97	553.86	375.93	327.09	247.79	168.46	113.30	72.97	59.47
Cost of Revenue	228.59	284.42	180.34	189.44	136.89	128.16	42.85	34.50	37.65
Gross Profit	647.37	269.45	195.59	137.64	110.90	40.31	70.44	38.47	21.82
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	393.98	118.25	91.95	70.09	53.76	34.08	52.37	20.26	16.89
Operating Income	253.39	151.20	103.64	67.55	57.14	6.22	18.08	18.21	4.93
Other Income/Expense
Interest Income	57.03	36.51	24.22	14.37	9.58	9.04	0.00	3.55	2.43
Interest Expense	-0.39	1.14	3.78	-0.87	0.04	0.00	1.07	2.30	1.75
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	253.39	151.20	103.64	67.55	57.14	6.22	18.08	18.21	4.93
Income Tax Expense	56.32	33.62	24.44	15.38	11.29	-0.03	7.46	-0.01	1.15
Net Income	197.07	117.57	79.20	52.17	45.85	6.26	10.62	18.22	3.78
Net Income - Continuous Operations	197.07	117.57	79.20	52.17	45.85	6.26	10.62	18.22	3.78
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	258.71	157.44	111.92	69.94	60.72	7.56	19.36	20.73	6.83
EBIT	253.78	152.33	107.42	68.42	57.18	-	-	-	-
Depreciation & Amortization	4.53	5.11	4.50	1.52	3.54	1.34	0.22	0.21	0.16
Earnings Per Share
Basic EPS	7.00	5.00	3.00	2.00	2.00	-	-	1.00	-
Diluted EPS	7.00	4.00	3.00	2.00	2.00	-	-	1.00	-
Basic Shares Outstanding	26.64	25.52	24.82	25.24	25.46	24.87	21.50	22.63	17.20
Diluted Shares Outstanding	27.49	26.22	25.33	25.80	26.11	25.60	21.83	22.63	22.63

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

Frequently Asked Questions About Palomar Holdings Financial Statements

What was Palomar Holdings's revenue in fiscal 2025?

Palomar Holdings reported revenue of $875.97M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 58.2% from $553.86M a year earlier.

Is Palomar Holdings profitable?

Yes. Palomar Holdings earned net income of $197.07M in fiscal 2025, a net margin of 22.5%. In fiscal 2024 it earned $117.57M.

What is Palomar Holdings's operating margin?

Palomar Holdings's operating income was $253.39M on revenue of $875.97M in fiscal 2025, an operating margin of 28.9%, compared with 27.3% 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