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Bowhead Specialty Holdings Inc. (BOW) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · DATA UPDATED 2026-09-17

Bowhead Specialty Holdings Inc. (BOW) operates in the INSURANCE - PROPERTY & CASUALTY industry and is headquartered in New York, United States with about 296 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, BOW reported $552M in revenue and $54M in net income.

Bowhead Specialty Holdings Inc. provides commercial specialty property and casualty insurance products in the United States.

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BOW Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Revenue$614M$552M$426M$283M$188M
Gross Profit$224M$177M$145M$96M$61M
Gross Margin %36.5%32.1%34.1%33.9%32.3%
Operating Income (EBIT)$78M$67M$51M$32M$15M
Operating Margin %12.7%12.2%11.9%11.3%7.8%
Net Income$62M$54M$38M$25M$11M
Net Margin %10.1%9.8%9.0%8.8%6.0%
EBITDA$90M$71M$55M$34M$15M
Earnings Per Share (EPS)$1.85$1.60$1.29$0.79$0.36
Shares Outstanding (M)34M34M30M32M32M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BOW Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$164M$155M$152M$144M$133M$123M$119M$117M
Gross Profit$67M$63M$47M$47M$43M$40M$43M$40M
Gross Margin %40.8%40.9%31.3%32.5%32.5%32.2%36.2%34.0%
Operating Income (EBIT)$21M$21M$18M$19M$16M$14M$18M$16M
Operating Margin %12.6%13.3%11.7%13.3%11.9%11.8%15.3%13.6%
Net Income$16M$16M$15M$15M$12M$11M$14M$12M
Net Margin %9.8%10.3%9.8%10.5%9.3%9.3%11.4%10.4%
EBITDA$26M$24M$20M$20M$17M$15M$20M$17M
Earnings Per Share (EPS)$0.48$0.48$0.44$0.45$0.36$0.34$0.41$0.36
Shares Outstanding (M)34M33M34M34M34M34M34M33M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BOW Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Cash from Operations (CFO)$332M$332M$294M$236M$182M
Capital Expenditures (CapEx)$5M$6M$3M$4M$4M
Free Cash Flow (FCF)$327M$326M$291M$232M$178M
FCF Margin %53.2%59.1%68.4%82.0%94.7%
Dividends Paid$25M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BOW Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$94M$65M$58M$115M$109M$48M$61M$119M
Capital Expenditures (CapEx)$1M$1M$2M$1M$2M$1M$1M$1M
Free Cash Flow (FCF)$93M$64M$57M$113M$107M$46M$61M$118M
FCF Margin %56.5%41.4%37.4%78.9%80.7%37.9%51.0%101.5%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BOW Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Assets$2.7B$2.4B$1.7B$1.0B$565M
Cash & Cash Equivalents$165M$194M$97M$118M$65M
Total Liabilities$2.2B$1.9B$1.3B$836M$482M
Total Debt (Short + Long-Term)$147M$148M$1M$0M$0M
Total Shareholders' Equity$472M$449M$370M$192M$83M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BOW viewer.

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