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Financials · BOW

Bowhead Specialty Holdings Inc. (BOW) financials

For the twelve months ended Sep 30, 2026, Bowhead Specialty Holdings Inc. reported $643.00M of revenue and $59.93M of net income.

Revenue, TTM
$643.00M
Revenue growth, YoY
+23.8%
Net income, TTM
$59.93M
Net income growth, YoY
+14.1%
Net margin
9.3%
Free cash flow, TTM
$406.64M
EPS, diluted, TTM
$1.78
Cash
$232.22M
Total debt
$146.73M
P/E
18.81
P/S
1.75
Market cap
$1.13B
Annual revenue$551.59M
FY2022FY2025
Annual net income$53.79M
FY2022FY2025
Annual free cash flow$326.02M
FY2022FY2025

BOW revenue and earnings growth

BOW revenueQ3 2026$171.77M

Quarter YoY
+19.3%
QoQ
+4.8%
FY YoY
+29.6%

BOW revenue was $171.77M in fiscal Q3 2026 (ended Sep 30, 2026), up 19.3% from a year earlier and up 4.8% from the prior quarter. For the full fiscal 2025 it was $551.59M, up 29.6% from fiscal 2024. It rose in each of the last 3 fiscal years.

BOW net incomeQ3 2026$12.94M

Quarter YoY
-14.7%
QoQ
-19.8%
FY YoY
+40.6%

BOW net income was $12.94M in fiscal Q3 2026 (ended Sep 30, 2026), down 14.7% from a year earlier and down 19.8% from the prior quarter. For the full fiscal 2025 it was $53.79M, up 40.6% from fiscal 2024. It rose in each of the last 3 fiscal years.

BOW EPSQ3 2026$0.38

Quarter YoY
-15.6%
QoQ
-20.8%
FY YoY
+23.3%

BOW diluted EPS was $0.38 in fiscal Q3 2026 (ended Sep 30, 2026), down 15.6% from a year earlier and down 20.8% from the prior quarter. For the full fiscal 2025 it was $1.59, up 23.3% from fiscal 2024.

BOW free cash flowQ3 2026$191.31M

Quarter YoY
+68.6%
QoQ
+106.8%
FY YoY
+12.0%

BOW free cash flow was $191.31M in fiscal Q3 2026 (ended Sep 30, 2026), up 68.6% from a year earlier and up 106.8% from the prior quarter. For the full fiscal 2025 it was $326.02M, up 12.0% from fiscal 2024. It rose in each of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$551.59M$425.66M$283.40M$187.60M
Pre-tax income$67.30M$50.53M$32.12M$14.66M
Income tax$13.51M$12.29M$7.07M$3.40M
Net income$53.79M$38.24M$25.05M$11.26M
EPS, basic$1.64$1.31$1.04$0.47
EPS, diluted$1.59$1.29$1.04$0.47
Diluted shares33.7M29.7M24.0M24.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$193.54M$222.06M$118.07M$80.65M
Total assets$2.37B$1.65B$1.03B-
Total debt$146.45M$0--
Total liabilities$1.92B$1.28B$835.78M-
Shareholders' equity$448.27M$370.18M$192.08M-

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow$331.59M$294.29M$236.22M$181.64M
Capital expenditures$5.57M$3.11M$3.82M$3.97M
Free cash flow$326.02M$291.18M$232.41M$177.67M
Investing cash flow-$464.39M-$325.88M-$274.76M-$187.46M
Financing cash flow$144.52M$133.89M$77.66M-$1.00M
Stock-based compensation$7.24M$4.10M$683.0K$368.0K
Depreciation and amortization$1.78M$3.87M$2.27M$727.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY29.6%50.2%51.1%-
Net income growth, YoY40.6%52.7%122.5%-
EPS growth, YoY23.3%24.0%121.3%-
Net margin9.8%9.0%8.8%6.0%
Free cash flow margin59.1%68.4%82.0%94.7%
Return on equity12.0%10.3%13.0%-
Return on assets2.3%2.3%2.4%-
Debt to equity0.330.00--

Source: XBRL data Bowhead Specialty Holdings Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BOW peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BOW$643.00M+23.8%$59.93M9.3%$1.13B
CB$61.85B+5.7%$11.23B18.2%$138.87B
PGR$91.73B+7.7%$11.62B12.7%$131.82B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$62.80B
AIG$27.73B+1.2%$3.29B11.9%$41.28B
HIG$29.87B+9.2%$4.61B15.4%$36.06B
ACGL$18.78B-3.9%$4.38B23.3%$35.20B
CINF$13.28B+9.9%$2.66B20.1%$28.58B

BOW FAQ

8 questions
  • What is BOW revenue?
    Bowhead Specialty Holdings Inc. (BOW) reported $643.00M of revenue for the twelve months ended Sep 30, 2026. That is up 23.8% from the year before. Revenue for fiscal 2025 was $551.59M.
  • Is BOW profitable?
    Yes. Bowhead Specialty Holdings Inc. earned $59.93M in net income for the twelve months ended Sep 30, 2026, a net margin of 9.3%.
  • How much cash and debt does BOW have?
    Bowhead Specialty Holdings Inc. reported $232.22M in cash and cash equivalents and $146.73M of debt on its most recent balance sheet in SEC filings.
  • How fast is BOW revenue growing?
    Bowhead Specialty Holdings Inc.'s revenue changed +29.6% in fiscal 2025, to $551.59M.
  • What is BOW free cash flow?
    Bowhead Specialty Holdings Inc. generated $406.64M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $412.06M less capital expenditures.
  • What is BOW earnings per share?
    Diluted earnings per share were $1.78 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BOW last report financial results?
    The latest statements here come from Bowhead Specialty Holdings Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this BOW financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bowhead Specialty Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.