Source: Palomar Holdings, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$59.47M
$72.97M
$113.30M
$168.46M
$247.79M
$327.09M
$375.93M
$553.86M
$875.97M
Interest expense
$1.75M
$2.30M
$1.07M
—
$40.00K
$873.00K
$3.77M
$1.14M
$392.00K
Pre-tax income
$4.93M
$18.21M
$18.08M
$6.22M
$57.14M
$67.55M
$103.64M
$151.20M
$253.39M
Income tax
$1.15M
-$6.00K
$7.46M
-$34.00K
$11.29M
$15.38M
$24.44M
$33.62M
$56.32M
Net income
$3.78M
$18.22M
$10.62M
$6.26M
$45.85M
$52.17M
$79.20M
$117.57M
$197.07M
EPS (basic)
$0.22
$1.07
$0.49
$0.25
$1.80
$2.07
$3.19
$4.61
$7.40
EPS (diluted)
$0.22
$1.07
$0.49
$0.24
$1.76
$2.02
$3.13
$4.48
$7.17
Diluted shares
17.00M
17.00M
21.83M
25.60M
26.11M
25.80M
25.33M
26.22M
27.49M
Net margin
6.4%
25.0%
9.4%
3.7%
18.5%
15.9%
21.1%
21.2%
22.5%
Balance sheet
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$10.93M
$9.53M
$33.12M
$33.54M
$50.28M
$68.11M
$51.55M
$80.44M
$106.88M
Goodwill
—
—
—
—
—
$0
$3.75M
$3.75M
$30.47M
Total assets
—
$231.13M
$395.46M
$729.09M
$925.73M
$1.31B
$1.71B
$2.26B
$3.05B
Long-term debt
—
—
—
—
—
—
—
—
$0
Total debt
—
—
—
—
—
—
—
—
$0
Total liabilities
—
$134.84M
$176.91M
$365.38M
$531.57M
$921.70M
$1.24B
$1.53B
$2.11B
Shareholders' equity
$78.41M
$96.29M
$218.56M
$363.71M
$394.17M
$384.75M
$471.25M
$729.03M
$942.67M
Cash flow
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$20.25M
$22.81M
$44.51M
$57.49M
$87.81M
$169.58M
$116.11M
$261.16M
$409.12M
Capital expenditures
$68.00K
$332.00K
$115.00K
$132.00K
$18.00K
$313.00K
$15.00K
$243.00K
$137.00K
Free cash flow
$20.18M
$22.48M
$44.40M
$57.36M
$87.80M
$169.27M
$116.09M
$260.91M
$408.98M
Investing cash flow
-$19.13M
-$25.36M
-$83.38M
-$185.38M
-$58.19M
-$156.81M
-$128.48M
-$306.24M
-$353.98M
Financing cash flow
—
$1.55M
$62.29M
$128.33M
-$13.04M
$5.02M
-$3.94M
$73.77M
-$28.79M
Share buybacks
—
—
—
—
$15.85M
$34.41M
$22.27M
$0
$37.28M
Stock-based compensation
$0
$0
$24.10M
$2.17M
$5.58M
$11.62M
$14.91M
$16.68M
$21.01M
Depreciation & amortization
$160.00K
$212.00K
$216.00K
$1.34M
$3.54M
$4.12M
$4.50M
$5.11M
$8.93M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$105.39M
$118.53M
$131.07M
$148.50M
$155.76M
$174.63M
$203.31M
$244.66M
$253.36M
$278.94M
$314.42M
$386.59M
Interest expense
$823.00K
$740.00K
$225.00K
$87.00K
$86.00K
$85.00K
$86.00K
$133.00K
$88.00K
$3.16M
$4.95M
$5.14M
Pre-tax income
$33.46M
$34.36M
$33.37M
$38.50M
$44.96M
$53.71M
$59.88M
$67.14M
$72.66M
$53.46M
$69.80M
$84.73M
Income tax
$7.56M
$7.97M
$7.64M
$8.01M
$10.00M
$10.79M
$13.35M
$15.68M
$16.49M
$10.51M
$17.21M
$19.40M
Net income
$25.90M
$26.38M
$25.73M
$30.50M
$34.97M
$42.92M
$46.53M
$51.45M
$56.16M
$42.95M
$52.59M
$65.33M
EPS (basic)
$1.04
$1.06
$1.03
$1.18
$1.33
$1.61
$1.74
$1.93
$2.12
$1.62
$2.00
$2.48
EPS (diluted)
$1.03
$1.04
$1.00
$1.15
$1.29
$1.57
$1.68
$1.87
$2.05
$1.57
$1.94
$2.42
Diluted shares
-13.51K
25.47M
25.62M
26.48M
346.58K
27.40M
27.63M
27.45M
-48.28K
27.34M
27.06M
27.00M
Net margin
24.6%
22.3%
19.6%
20.5%
22.4%
24.6%
22.9%
21.0%
22.2%
15.4%
16.7%
16.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$51.55M
$61.39M
$47.84M
$86.48M
$80.44M
$119.31M
$81.30M
$111.74M
$106.88M
$56.54M
$62.69M
$55.63M
Goodwill
$3.75M
—
—
—
$3.75M
—
—
—
$30.47M
—
$16.10M
—
Total assets
$1.71B
$1.88B
$2.02B
$2.28B
$2.26B
$2.43B
$2.83B
$2.94B
$3.05B
$3.61B
$3.96B
$4.17B
Long-term debt
—
—
—
—
—
—
—
—
$0
$297.43M
$295.77M
$294.04M
Total debt
—
—
—
—
—
—
—
—
$0
$297.43M
$295.77M
$294.04M
Total liabilities
$1.24B
$1.38B
$1.48B
$1.57B
$1.53B
$1.64B
$1.99B
$2.07B
$2.11B
$2.65B
$2.98B
$3.18B
Shareholders' equity
$471.25M
$501.66M
$532.61M
$703.31M
$729.03M
$790.45M
$847.20M
$878.11M
$942.67M
$959.04M
$980.94M
$984.97M
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$22.27M
$33.12M
$55.13M
$100.27M
$72.64M
$87.18M
$120.88M
$83.64M
$117.42M
$47.02M
$167.17M
$120.56M
Capital expenditures
$0
$0
$0
$194.00K
$49.00K
$35.00K
$29.00K
$51.00K
$22.00K
$0
$416.00K
$70.00K
Free cash flow
$22.27M
$33.12M
$55.13M
$100.07M
$72.59M
$87.15M
$120.85M
$83.59M
$117.39M
$47.02M
$166.76M
$120.49M
Investing cash flow
-$24.32M
-$16.33M
-$28.67M
-$179.88M
-$81.36M
-$51.94M
-$160.75M
-$17.74M
-$123.55M
-$373.38M
-$119.73M
-$129.93M
Financing cash flow
$616.00K
-$6.88M
-$40.20M
$118.18M
$2.68M
$3.55M
$1.86M
-$35.46M
$1.26M
$276.02M
-$41.30M
$2.29M
Share buybacks
$132.00K
$0
$0
$0
$0
$0
$0
$37.28M
$7.00K
$23.09M
$41.02M
$8.89M
Stock-based compensation
$4.18M
$3.82M
$3.97M
$4.12M
$4.78M
$4.75M
$5.35M
$5.38M
$5.54M
$8.79M
$7.44M
$7.02M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.