BOW · XBRL financial data
Bowhead Specialty Holdings financial statements, every fiscal year
The same tables from 2 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BOW's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Revenue | 426 | 552 |
| Total operating expenses | 89 | 102 |
| Interest expense | 1 | 2 |
| Income tax expense (benefit) | 12 | 14 |
| Net income (loss) | 38 | 54 |
| Earnings per share, basic USD per share | 1.31 | 1.64 |
| Earnings per share, diluted USD per share | 1.29 | 1.59 |
| Weighted average shares, basic millions of shares | 29 | 33 |
| Weighted average shares, diluted millions of shares | 30 | 34 |
Balance sheet
CSVFiscal years (BOW's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Cash and cash equivalents | 97 | 194 |
| Property and equipment, net | 7 | 11 |
| Right-of-use asset | 4 | 3 |
| Total assets | 1,654 | 2,371 |
| Total liabilities | 1,284 | 1,922 |
| Retained earnings | 63 | 117 |
| Total stockholders' equity | 370 | 448 |
| Total liabilities and equity | 1,654 | 2,371 |
| Common shares outstanding (cover page) millions of shares | 33 | 33 |
Cash flows
CSVFiscal years (BOW's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Net income (loss) | 38 | 54 |
| Stock-based compensation | 4 | 7 |
| Depreciation and amortization | 4 | 2 |
| Net cash from operating activities | 294 | 332 |
| Purchases of property and equipment | 3 | 6 |
| Net cash from investing activities | (326) | (464) |
| Net cash from financing activities | 134 | 145 |
| Net change in cash | 102 | 12 |
Compare with peers
SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Bowhead Specialty Holdings | 232 | 172 | 193* | 32.9M | — | 10-QSep 30, 2026 |
| Tiptree | 198 | 0 | (182)* | 36.4M | 16.1 quarters | 10-QSep 30, 2026 |
| Hippo Holdings | 312 | 156 | 73* | 26.6M | — | 10-QSep 30, 2026 |
| Greenlight Capital Re | 71 | 148 | 4.9* | 32.2M | — | 10-QSep 30, 2026 |
| Heritage Insurance Holdings | 588 | 214 | 142* | 29.7M | — | 10-QJun 30, 2026 |
| Donegal Group | 24 | 241 | 5.9* | not reported | — | 10-QJun 30, 2026 |
| United Fire Group | 139 | 384 | 34* | 25.7M | — | 10-QJun 30, 2026 |
| Universal Insurance Holdings | 569 | 439 | 83* | 27.7M | — | 10-QSep 30, 2026 |
| Employers Holdings | 76 | 189 | (11)* | 17.5M | 13.7 quarters | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.