Palomar Holdings (PLMR) Cash Flow: Operating & Free Cash Flow

Palomar Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Palomar Holdings, Inc. (PLMR) - 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
Operating Activities
Net Income	197.07	117.57	79.20	52.17	45.85	6.26	10.62	18.22	3.78
Depreciation & Amortization	8.93	5.11	4.50	4.12	3.54	1.34	0.22	0.21	0.16
Deferred Income Tax	1.87	2.11	-2.83	-3.52	0.64	1.09	0.65	0.00	1.13
Stock Based Compensation	21.01	16.69	14.91	11.62	5.58	2.17	24.10	0.00	0.00
Change in Working Capital	202.03	125.20	23.27	95.82	31.05	42.97	9.20	0.88	14.70
Change in Accounts Receivable	-220.61	-162.12	-182.30	-111.14	-91.76	-100.23	-20.30	-3.48	-16.93
Change in Inventory	0.00	0.00	0.00	0.00	0.00	136.63	36.59	-5.04	30.41
Change in Accounts Payable	74.35	37.60	58.54	114.09	14.28	16.85	4.06	8.29	5.73
Change in Other Working Capital	348.29	249.71	154.28	92.87	108.53	-10.28	-11.15	1.11	-4.51
Other Operating Activities	-21.80	-5.51	-2.95	9.37	1.15	-0.27	-3.09	3.49	0.47
Net Cash from Operating Activities	409.12	261.16	116.11	169.58	87.81	53.55	41.70	22.81	20.25
Investing Activities
Capital Expenditures	-7.13	-0.24	-6.76	-5.94	-4.85	-4.07	-2.93	-0.33	-0.07
Acquisitions	-69.84	0.00	-8.53	-0.02	-0.01	-7.07	2.81	0.00	0.00
Purchases of Investments	-903.91	-607.10	-234.72	-392.63	-216.57	-341.95	-270.45	-136.46	-54.21
Sales/Maturities of Investments	627.57	310.86	120.58	242.73	161.75	170.23	188.97	111.17	35.40
Other Investing Activities	-7.67	301.10	-5.79	-6.57	-3.34	1.42	1.02	0.25	-0.25
Net Cash from Investing Activities	-353.98	-306.24	-128.48	-156.81	-58.19	-181.44	-80.57	-25.37	-19.13
Financing Activities
Debt Repayment	0.00	63.12	16.20	36.40	0.00	0.00	-20.00	1.55	0.00
Common Stock Issued	4.92	123.62	0.00	0.00	0.00	125.55	87.41	0.00	0.00
Common Stock Repurchased	-37.28	0.00	-22.27	-34.42	-15.85	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	-5.12	0.00	0.00
Other Financing Activities	3.58	-112.97	0.09	3.03	2.81	2.78	0.00	0.00	0.00
Net Cash from Financing Activities	-28.79	73.77	-3.94	5.02	-13.04	128.33	62.29	1.55	0.00
Summary
Net Change in Cash	26.35	28.69	-16.31	17.79	16.59	0.44	23.43	-1.01	1.12
Cash at Beginning of Period	80.54	51.85	68.16	50.37	33.79	33.35	9.92	10.93	9.81
Cash at End of Period	106.89	80.54	51.85	68.16	50.37	33.79	33.35	9.92	10.93
Free Cash Flow	401.99	260.91	109.35	163.65	82.96	49.48	38.77	22.48	20.18
Supplemental Disclosures
Interest Paid	-	1.05	3.68	0.70	-	-	-	-	-
Income Taxes Paid	-	38.45	21.12	18.89	2.10	-	-	-	-

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 Cash Flow

What is Palomar Holdings's free cash flow?

Palomar Holdings generated free cash flow of $401.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $409.12M minus $7.13M of capital expenditures. That was up 54.1% from $260.91M a year earlier. Free cash flow equaled 45.9% of revenue.

How much does Palomar Holdings spend on capital expenditures?

Palomar Holdings spent $7.13M on capital expenditures in fiscal 2025, compared with $243.00K a year earlier. That equals 1.7% of operating cash flow.

Does Palomar Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 Palomar Holdings returned $37.28M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition