Bowhead Specialty Holdings Inc. (BOW) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Bowhead Specialty reported revenue of $551.6M, up 29.6% from $425.7M the year before. Net income was $53.8M (a 9.8% net margin), or $1.59 per diluted share. Gross margin was 40.5% and operating margin was 22.0%. Operating activities generated $331.6M of cash, leaving $326.0M of free cash flow. At fiscal year end, Bowhead Specialty held $2.37B in total assets against $1.92B in total liabilities, including $193.5M of cash and equivalents.
Open the full interactive Bowhead Specialty financials → Quarterly statements, key ratios, valuation history and price charts.
Bowhead Specialty Key Stats
| Share Price | $34.00 |
|---|---|
| Market Cap | $1.14B |
| P/E Ratio | 21.4 |
| Revenue YoY Growth | +29.6% |
| 52-Week Range | $21.44 – $34.10 |
| Shares Outstanding | 32.9 million (basic, 2026 Q2) |
Bowhead Specialty Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $425.7M | $551.6M |
| Cost of Goods Sold | $248.1M | $328.0M |
| Gross Profit | $177.6M | $223.6M |
| Operating Income | $88.4M | $121.3M |
| Pre-Tax Income | $50.5M | $67.3M |
| Income Tax | $12.3M | $13.5M |
| Net Income | $38.2M | $53.8M |
| Diluted EPS | $1.29 | $1.59 |
Bowhead Specialty Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $143.9M | $151.7M | $155.7M | $163.9M |
| Net Income | $15.2M | $14.8M | $16.0M | $16.1M |
| Diluted EPS | $0.45 | $0.44 | $0.48 | $0.48 |
Bowhead Specialty Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $97.5M | $193.5M |
| Total Assets | $1.65B | $2.37B |
| Total Long-Term Debt | — | $146.4M |
| Total Liabilities | $1.28B | $1.92B |
| Shareholders' Equity | $370.2M | $448.3M |
Bowhead Specialty Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $294.3M | $331.6M |
| Cash From Investing | -$325.9M | -$464.4M |
| Cash From Financing | $133.9M | $144.5M |
| Free Cash Flow | $291.2M | $326.0M |
Figures from Bowhead Specialty's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Bowhead Specialty financials page for every line item.
Bowhead Specialty Company Profile
| Ticker | BOW |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0002002473 |
Frequently Asked Questions
What was Bowhead Specialty's revenue in fiscal 2025?
Bowhead Specialty (BOW) reported revenue of $551.6M for fiscal 2025.
What was Bowhead Specialty's net income in fiscal 2025?
Bowhead Specialty reported net income of $53.8M for fiscal 2025.
What was Bowhead Specialty's earnings per share (EPS) in fiscal 2025?
Bowhead Specialty's diluted EPS was $1.59 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Bowhead Specialty generate in fiscal 2025?
Bowhead Specialty generated $326.0M of free cash flow in fiscal 2025.
What was Bowhead Specialty's revenue last quarter?
In its most recent reported quarter (2026 Q2), Bowhead Specialty reported revenue of $163.9M.
How much debt does Bowhead Specialty have?
Bowhead Specialty reported $146.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Bowhead Specialty are outstanding?
Bowhead Specialty reported a weighted average of 32.9 million basic shares outstanding in 2026 Q2.
What is Bowhead Specialty's market cap?
Based on its latest closing price, Bowhead Specialty (BOW) has a market capitalization of about $1.14B.
When does Bowhead Specialty's fiscal year end?
Bowhead Specialty's fiscal year end, as registered with the SEC, is December 31.
Where is Bowhead Specialty headquartered?
Bowhead Specialty lists its business address in New York, New York in its SEC filings.