Palomar Holdings, Inc. (PLMR) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Palomar reported revenue of $876.0M, up 58.2% from $553.9M the year before. Net income was $197.1M (a 22.5% net margin), or $7.17 per diluted share. Gross margin was 73.9% and operating margin was 73.9%. Operating activities generated $409.1M of cash, leaving $409.0M of free cash flow. At fiscal year end, Palomar held $3.05B in total assets against $2.11B in total liabilities, including $106.9M of cash and equivalents.
Open the full interactive Palomar financials → Quarterly statements, key ratios, valuation history and price charts.
Palomar Key Stats
| Share Price | $133.43 |
|---|---|
| Market Cap | $3.61B |
| P/E Ratio | 18.6 |
| Revenue YoY Growth | +58.2% |
| 52-Week Range | $101.07 – $144.79 |
| Shares Outstanding | 26.3 million (basic, 2026 Q2) |
Palomar Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $168.5M | $247.8M | $327.1M | $375.9M | $553.9M | $876.0M |
| Cost of Goods Sold | $0 | $41.5M | $78.7M | $0 | $134.8M | $228.6M |
| Gross Profit | $168.5M | $206.3M | $248.4M | $375.9M | $419.1M | $647.4M |
| Operating Income | $168.5M | $206.3M | $248.4M | $375.9M | $419.1M | $647.4M |
| Pre-Tax Income | $6.2M | $57.1M | $67.6M | $103.6M | $151.2M | $253.4M |
| Income Tax | -$34,000 | $11.3M | $15.4M | $24.4M | $33.6M | $56.3M |
| Net Income | $6.3M | $45.8M | $52.2M | $79.2M | $117.6M | $197.1M |
| Diluted EPS | $0.24 | $1.76 | $2.02 | $3.13 | $4.48 | $7.17 |
Palomar Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $244.7M | $253.4M | $278.9M | $314.4M |
| Net Income | $51.5M | $56.2M | $42.9M | $52.6M |
| Diluted EPS | $1.87 | $2.04 | $1.57 | $1.94 |
Palomar Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $33.5M | $50.3M | $68.1M | $51.5M | $80.4M | $106.9M |
| Total Assets | $729.1M | $925.7M | $1.31B | $1.71B | $2.26B | $3.05B |
| Total Long-Term Debt | — | — | $36.4M | $52.6M | — | — |
| Total Liabilities | $365.4M | $531.6M | $921.7M | $1.24B | $1.53B | $2.11B |
| Shareholders' Equity | $363.7M | $394.2M | $384.8M | $471.3M | $729.0M | $942.7M |
Palomar Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $53.6M | $87.8M | $169.6M | $116.1M | $261.2M | $409.1M |
| Cash From Investing | -$181.4M | -$58.2M | -$156.8M | -$128.5M | -$306.2M | -$354.0M |
| Cash From Financing | $128.3M | -$13.0M | $5.0M | -$3.9M | $73.8M | -$28.8M |
| Free Cash Flow | $53.4M | $87.8M | $169.3M | $116.1M | $260.9M | $409.0M |
Figures from Palomar'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 Palomar financials page for every line item.
Palomar Company Profile
| Ticker | PLMR |
|---|---|
| Exchange | Nasdaq |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | La Jolla, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001761312 |
Frequently Asked Questions
What was Palomar's revenue in fiscal 2025?
Palomar (PLMR) reported revenue of $876.0M for fiscal 2025.
What is Palomar's annual revenue history?
Palomar's annual revenue by fiscal year: 2020: $168.5M; 2021: $247.8M; 2022: $327.1M; 2023: $375.9M; 2024: $553.9M; 2025: $876.0M.
What was Palomar's net income in fiscal 2025?
Palomar reported net income of $197.1M for fiscal 2025.
What was Palomar's earnings per share (EPS) in fiscal 2025?
Palomar's diluted EPS was $7.17 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Palomar generate in fiscal 2025?
Palomar generated $409.0M of free cash flow in fiscal 2025.
What was Palomar's revenue last quarter?
In its most recent reported quarter (2026 Q2), Palomar reported revenue of $314.4M.
How many shares of Palomar are outstanding?
Palomar reported a weighted average of 26.3 million basic shares outstanding in 2026 Q2.
What is Palomar's market cap?
Based on its latest closing price, Palomar (PLMR) has a market capitalization of about $3.61B.
When does Palomar's fiscal year end?
Palomar's fiscal year end, as registered with the SEC, is December 31.
Where is Palomar headquartered?
Palomar lists its business address in La Jolla, California in its SEC filings.