SKWD · XBRL financial data
Skyward Specialty Insurance Group financial statements, every fiscal year
The same tables from 5 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 (SKWD's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Revenue | 642 | 886 | 1,150 | 1,417 |
| Revenue from contracts with customers | 5 | 6 | 7 | 12 |
| Interest expense | 6 | 10 | 9 | 8 |
| Income tax expense (benefit) | 10 | 24 | 34 | 46 |
| Net income (loss) | 39 | 86 | 119 | 170 |
| Earnings per share, basic USD per share | 1.24 | 2.34 | 2.97 | 4.21 |
| Earnings per share, diluted USD per share | 1.21 | 2.24 | 2.87 | 4.07 |
| Weighted average shares, basic millions of shares | 17 | 36 | 40 | 40 |
| Weighted average shares, diluted millions of shares | 33 | 38 | 41 | 42 |
Balance sheet
CSVFiscal years (SKWD's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 45 | 66 | 122 | 169 |
| Property and equipment, net | 9 | 9 | 12 | 15 |
| Right-of-use asset | 8 | 5 | 3 | — |
| Goodwill | 66 | 66 | 66 | 66 |
| Total assets | 2,363 | 2,953 | 3,729 | 4,792 |
| Total liabilities | 1,942 | 2,292 | 2,935 | 3,782 |
| Retained earnings (accumulated deficit) | (105) | (22) | 97 | 267 |
| Total stockholders' equity | 422 | 661 | 794 | 1,010 |
| Total liabilities and equity | 2,363 | 2,953 | 3,729 | 4,792 |
| Common shares outstanding (cover page) millions of shares | 38 | 40 | 40 | 44 |
Cash flows
CSVFiscal years (SKWD's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Net income (loss) | 39 | 86 | 119 | 170 |
| Stock-based compensation | 2 | 9 | 9 | 12 |
| Net cash from operating activities | 209 | 338 | 305 | 408 |
| Purchases of property and equipment | 2 | 3 | 4 | 5 |
| Net cash from investing activities | (193) | (494) | (244) | (367) |
| Proceeds from issuing common stock | 0 | 129 | — | — |
| Proceeds from long-term debt | 0 | 50 | 107 | 43 |
| Repayments of long-term debt | 0 | 50 | 117 | 43 |
| Net cash from financing activities | 2 | 131 | (4) | 0 |
| Net change in cash | 18 | (25) | 57 | 42 |
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 |
|---|---|---|---|---|---|---|
| Skyward Specialty Insurance Group | 219 | 490 | 68* | 44.4M | — | 10-QJun 30, 2026 |
| SiriusPoint | 615 | 744 | (5.2)* | 116.2M | 118.2 quarters | 10-QJun 30, 2026 |
| Mercury General | 1,305 | 1,381 | 387* | 55.4M | — | 10-QSep 30, 2026 |
| Horace Mann Educators | 46 | 444 | 224* | 40.5M | — | 10-QJun 30, 2026 |
| HCI Group | 872 | 247 | 125* | 12.4M | — | 10-QJun 30, 2026 |
| Lemonade | 368 | 294 | (3.4)* | 77.4M | 110.8 quarters | 10-QJun 30, 2026 |
| Root | 510 | 389 | 58* | not reported | — | 10-QJun 30, 2026 |
| Slide Insurance Holdings | 701 | 361 | (43)* | 117.2M | — | 10-QSep 30, 2026 |
| Palomar Holdings | 63 | 314 | 167* | 26.3M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.