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    Bowhead Specialty Holdings Inc.

    Company overview

    Market capitalization
    $1.11B
    Employees
    296
    Latest publication
    2026-09-29
    About Bowhead Specialty Holdings Inc.

    Bowhead Specialty Holdings Inc. provides commercial specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions, including directors and officers liability, errors and omissions liability, employment practices liability, fiduciary liability, fidelity liability and miscellaneous professional liability, crime insurance, and cyber for financial institutions; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and management liability segments. In addition, it offers Baleen Specialty, a technology-powered underwriting operation, that specializes in small to mid-sized risks that are not eligible in the admitted market. It distributes its products through distribution partners in wholesale and retail markets. The company was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue163,857,000USD154,814,000USD151,692,000USD143,900,000USD133,184,000USD122,762,000USD119,329,000USD116,724,000USD
    Total Operating Expenses26,384,000USD42,762,000USD29,632,000USD27,674,000USD27,330,000USD25,069,000USD25,013,000USD23,917,000USD
    Interest Expense3,266,000USD3,162,000USD1,242,000USD262,000USD261,000USD247,000USD248,000USD252,000USD
    Income Before Tax20,661,000USD20,571,000USD17,806,000USD19,106,000USD15,916,000USD14,470,000USD18,249,000USD15,820,000USD
    Income Tax Expense4,523,000USD4,561,000USD2,963,000USD3,930,000USD3,574,000USD3,045,000USD4,643,000USD3,728,000USD
    Net Income16,138,000USD16,010,000USD14,843,000USD15,176,000USD12,342,000USD11,425,000USD13,606,000USD12,092,000USD
    Cost Of Revenue—91,481,000USD104,254,000USD97,120,000USD89,938,000USD83,223,000USD76,067,000USD76,987,000USD
    Gross Profit—63,333,000USD47,438,000USD46,780,000USD43,246,000USD39,539,000USD43,262,000USD39,737,000USD
    Unclassified Operating Expenses—42,762,000USD29,632,000USD27,674,000USD27,330,000USD25,069,000USD25,013,000USD23,917,000USD
    Operating Income—20,571,000USD17,806,000USD19,106,000USD15,916,000USD14,470,000USD18,249,000USD15,820,000USD
    Net Interest Income—-3,162,000USD-1,242,000USD-262,000USD-261,000USD-247,000USD-248,000USD-252,000USD
    Tax Provision—4,561,000USD2,963,000USD3,930,000USD3,574,000USD3,045,000USD4,643,000USD3,728,000USD
    Net Income From Continuing Ops—16,010,000USD14,843,000USD15,176,000USD12,342,000USD11,425,000USD13,606,000USD12,092,000USD
    Ebit—23,733,000USD19,048,000USD19,368,000USD16,177,000USD14,717,000USD18,497,000USD16,072,000USD
    Ebitda—24,350,000USD19,608,000USD19,830,000USD16,533,000USD15,118,000USD19,597,000USD17,121,000USD
    Depreciation And Amortization—617,000USD560,000USD462,000USD356,000USD401,000USD1,100,000USD1,049,000USD
    Reconciled Depreciation—617,000USD560,000USD462,000USD356,000USD401,000USD1,100,000USD1,049,000USD
    Total Other Income Expense Net—880,000USD735,000USD-1,869,000USD-1,560,000USD-84,309,000USD57,123,000USD-78,068,000USD
    Interest Income———1,086,000USD1,123,000USD976,000USD1,041,000USD1,081,000USD
    Net Income Applicable To Common Shares———15,176,000USD12,342,000USD11,425,000USD13,606,000USD12,092,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue551,539,000USD425,592,000USD283,418,000USD187,602,000USD
    Cost Of Revenue374,535,000USD280,496,000USD187,217,000USD126,955,000USD
    Gross Profit177,004,000USD145,096,000USD96,201,000USD60,647,000USD
    Unclassified Operating Expenses109,705,000USD94,561,000USD64,086,000USD45,986,000USD
    Total Operating Expenses109,705,000USD94,561,000USD64,086,000USD45,986,000USD
    Operating Income67,299,000USD50,535,000USD32,115,000USD14,661,000USD
    Interest Expense2,012,000USD725,000USD0USD0USD
    Net Interest Income-2,012,000USD-725,000USD0USD0USD
    Income Before Tax67,299,000USD50,535,000USD32,115,000USD14,661,000USD
    Income Tax Expense13,513,000USD12,292,000USD7,068,000USD3,405,000USD
    Tax Provision13,513,000USD12,292,000USD7,068,000USD3,405,000USD
    Net Income53,786,000USD38,243,000USD25,047,000USD11,256,000USD
    Net Income From Continuing Ops53,786,000USD38,243,000USD25,047,000USD11,256,000USD
    Ebit69,311,000USD51,260,000USD32,115,000USD14,661,000USD
    Ebitda71,090,000USD55,128,000USD34,383,000USD15,388,000USD
    Depreciation And Amortization1,779,000USD3,868,000USD2,268,000USD727,000USD
    Reconciled Depreciation1,779,000USD3,868,000USD2,268,000USD727,000USD
    Total Other Income Expense Net99,246,000USD-5,517,000USD-187,827,000USD-126,955,000USD
    Interest Income—2,710,000USD20,000USD0USD
    Net Income Applicable To Common Shares—38,243,000USD25,047,000USD11,256,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets2,681,292,000USD2,479,293,000USD2,371,376,000USD2,094,549,000USD1,942,151,000USD1,753,072,000USD1,654,242,000USD1,547,662,000USD
    Cash And Equivalents141,748,000USD——197,855,000USD114,816,000USD88,050,000USD97,476,000USD132,893,000USD
    Total Liabilities2,207,353,000USD———————
    Total Stockholder Equity472,361,000USD459,160,000USD449,274,000USD430,229,000USD407,205,000USD391,363,000USD370,442,000USD364,826,000USD
    Total Equity Including Noncontrolling Interest473,939,000USD———————
    Property Plant Equipment Net11,951,000USD11,307,000USD10,636,000USD9,683,000USD8,883,000USD7,677,000USD6,845,000USD7,438,000USD
    Common Stock329,000USD328,000USD328,000USD328,000USD328,000USD327,000USD327,000USD327,000USD
    Retained Earnings148,843,000USD132,705,000USD116,695,000USD101,852,000USD86,676,000USD74,334,000USD62,909,000USD49,303,000USD
    Accumulated Other Comprehensive Income-6,828,000USD-3,118,000USD5,354,000USD4,743,000USD-548,000USD-3,736,000USD-11,154,000USD-1,293,000USD
    Intangible Assets—40,044,000USD35,284,000USD33,470,000USD32,177,999USD28,153,000USD27,625,000USD26,463,000USD
    Other Current Assets—236,453,000USD232,046,000USD-430,326,000USD-410,149,000USD187,010,000USD-204,745,000USD-272,042,000USD
    Total Liab—2,020,133,000USD1,922,102,000USD1,663,512,000USD1,534,339,000USD1,361,709,000USD1,283,800,000USD1,182,836,000USD
    Other Current Liab—1,231,888,000USD1,148,983,000USD-67,879,000USD-62,613,000USD851,007,000USD-53,353,000USD-39,495,000USD
    Capital Stock—328,000USD328,000USD328,000USD328,000USD327,000USD327,000USD327,000USD
    Other Assets—778,366,000USD733,488,000USD665,399,000USD634,354,000USD1,753,072,000USD525,010,000USD470,980,000USD
    Cash—97,185,000USD193,545,000USD250,776,000USD166,263,000USD88,050,000USD97,476,000USD161,715,000USD
    Cash And Short Term Investments—893,046,000USD965,730,000USD1,400,374,000USD1,279,356,000USD662,602,000USD987,462,000USD1,052,967,000USD
    Total Current Assets—1,660,148,000USD1,695,898,000USD1,400,374,000USD1,279,356,000USD1,216,000,000USD1,102,047,000USD1,052,967,000USD
    Total Current Liabilities—1,853,602,000USD1,767,669,000USD136,000USD137,000USD1,352,302,000USD1,571,000USD14,696,000USD
    Current Deferred Revenue—556,416,000USD552,594,000USD——452,845,000USD——
    Net Debt—49,330,000USD-47,098,000USD-250,776,000USD-166,263,000USD-88,050,000USD-93,176,000USD-161,715,000USD
    Short Long Term Debt Total—146,515,000USD146,447,000USD———4,300,000USD—
    Long Term Debt—146,515,000USD146,447,000USD—————
    Long Term Investments—1,525,326,000USD1,371,006,000USD1,149,598,000USD1,113,093,000USD1,044,836,000USD889,986,000USD901,254,000USD
    Short Term Investments—795,861,000USD772,185,000USD1,149,598,000USD1,113,093,000USD574,552,000USD889,986,000USD891,252,000USD
    Net Receivables—530,649,000USD498,122,000USD430,326,000USD410,149,000USD366,388,000USD319,330,000USD272,042,000USD
    Accounts Payable—59,085,000USD65,778,000USD67,879,000USD62,613,000USD42,847,000USD51,856,000USD54,162,000USD
    Common Stock Shares Outstanding—33,283,727shares33,650,923shares33,650,923shares34,046,000shares33,711,924shares33,571,535shares33,264,000shares
    Non Current Assets Total—819,145,000USD675,478,000USD28,776,000USD28,441,000USD537,072,000USD27,185,000USD23,715,000USD
    Non Current Liabilities Total—166,531,000USD154,433,000USD1,663,376,000USD1,534,202,000USD9,407,000USD883,072,000USD1,168,140,000USD
    Non Currrent Assets Other—10,587,000USD8,261,000USD-33,470,000USD-32,177,999USD11,602,000USD-7,285,000USD-36,465,000USD
    Unclassified Non Current Assets—-1,546,485,000USD-1,483,197,000USD-1,829,374,000USD-1,760,066,999USD-2,308,268,000USD-1,422,281,000USD-1,382,420,000USD
    Unclassified Non Current Liabilities—20,016,000USD7,986,000USD1,663,376,000USD1,534,202,000USD9,407,000USD883,072,000USD1,168,140,000USD
    Unclassified Equity—328,917,000USD326,569,000USD322,978,000USD320,421,000USD320,111,000USD318,033,000USD316,162,000USD
    Short Term Debt———0USD0USD0USD1,497,000USD0USD
    Unclassified Current Assets———-430,326,000USD-410,149,000USD—-204,745,000USD-272,042,000USD
    Unclassified Current Liabilities———-67,743,000USD-62,476,000USD—-51,782,000USD-39,466,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets2,371,376,000USD1,654,242,000USD1,027,859,000USD565,207,000USD
    Intangible Assets35,284,000USD27,625,000USD19,407,000USD13,672,000USD
    Other Current Assets232,046,000USD-204,745,000USD-39,924,000USD229,836,000USD
    Total Liab1,922,102,000USD1,283,800,000USD835,782,000USD481,833,000USD
    Total Stockholder Equity449,274,000USD370,442,000USD192,077,000USD83,374,000USD
    Other Current Liab1,148,983,000USD-53,353,000USD-40,482,000USD-25,204,000USD
    Common Stock328,000USD327,000USD240,000USD240,000USD
    Capital Stock328,000USD327,000USD240,000USD0USD
    Retained Earnings116,695,000USD62,909,000USD24,666,000USD-381,000USD
    Other Assets733,488,000USD525,010,000USD560,887,000USD565,207,000USD
    Cash193,545,000USD97,476,000USD118,070,000USD64,659,000USD
    Cash And Short Term Investments965,730,000USD987,462,000USD118,070,000USD347,582,000USD
    Total Current Assets1,695,898,000USD1,102,047,000USD118,070,000USD670,436,000USD
    Total Current Liabilities1,767,669,000USD1,571,000USD365,195,000USD180,902,000USD
    Current Deferred Revenue552,594,000USD———
    Net Debt-47,098,000USD-93,176,000USD-118,070,000USD-64,659,000USD
    Short Term Debt1,415,000USD1,497,000USD0USD0USD
    Short Long Term Debt Total146,447,000USD4,300,000USD——
    Long Term Debt146,447,000USD———
    Long Term Investments1,371,006,000USD889,986,000USD563,448,000USD282,923,000USD
    Short Term Investments772,185,000USD889,986,000USD563,448,000USD282,923,000USD
    Net Receivables498,122,000USD319,330,000USD39,924,000USD93,018,000USD
    Accounts Payable65,778,000USD51,856,000USD40,440,000USD23,687,000USD
    Property Plant Equipment Net10,636,000USD6,845,000USD7,601,000USD6,050,000USD
    Accumulated Other Comprehensive Income5,354,000USD-11,154,000USD-11,372,000USD-16,689,000USD
    Common Stock Shares Outstanding33,650,923shares29,677,000shares31,529,412shares31,529,412shares
    Non Current Assets Total675,478,000USD27,185,000USD348,902,000USD-105,229,000USD
    Non Current Liabilities Total154,433,000USD883,072,000USD835,782,000USD346,767,000USD
    Non Currrent Assets Other8,261,000USD-7,285,000USD610,335,000USD-407,874,000USD
    Unclassified Non Current Assets-1,483,197,000USD-1,422,281,000USD-1,412,776,000USD-973,081,000USD
    Unclassified Non Current Liabilities7,986,000USD883,072,000USD835,782,000USD346,767,000USD
    Unclassified Equity326,569,000USD318,033,000USD178,303,000USD100,204,000USD
    Cash And Equivalents—97,476,000USD118,070,000USD64,659,000USD
    Unclassified Current Assets—-204,745,000USD-603,372,000USD—
    Unclassified Current Liabilities—-51,782,000USD324,755,000USD157,215,000USD
    Good Will——-288,441,000USD-82,958,000USD
    Inventory——-721,442,000USD-377,069,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income16,010,000USD14,843,000USD15,176,000USD12,342,000USD11,425,000USD13,606,000USD12,092,000USD5,533,000USD
    Depreciation617,000USD94,000USD462,000USD356,000USD401,000USD1,100,000USD1,049,000USD960,000USD
    Stock Based Compensation2,362,000USD-2,723,000USD1,966,000USD137,000USD1,303,000USD1,015,000USD1,014,000USD1,848,000USD
    Other Non Cash Items986,000USD8,930,000USD873,000USD784,000USD714,000USD509,000USD317,000USD-472,000USD
    Change To Account Receivables-32,158,000USD-57,110,000USD-20,177,000USD-51,436,000USD-39,383,000USD-47,288,000USD-9,202,000USD-51,852,000USD
    Change In Working Capital48,494,000USD34,869,000USD97,201,000USD96,409,000USD34,869,000USD46,633,000USD107,113,000USD65,057,000USD
    Total Cash From Operating Activities65,456,000USD58,312,000USD114,736,000USD108,980,000USD47,722,000USD61,422,000USD119,449,000USD71,506,000USD
    Capital Expenditures-1,288,000USD-1,513,000USD-1,262,000USD-1,562,000USD-1,233,000USD-507,000USD-1,006,000USD-791,000USD
    Free Cash Flow64,168,000USD56,799,000USD113,474,000USD107,418,000USD46,489,000USD60,915,000USD118,443,000USD70,715,000USD
    Investments-155,621,000USD-220,158,000USD-30,223,000USD-66,168,000USD-146,329,000USD-1,143,000USD-156,552,000USD-89,066,000USD
    Total Cashflows From Investing Activities-156,909,000USD-221,671,000USD-30,223,000USD-66,168,000USD-146,329,000USD-1,143,000USD-156,552,000USD-89,066,000USD
    Total Cash From Financing Activities-789,000USD146,353,000USD0USD0USD0USD64,000USD133,822,000USD130,983,000USD
    Issuance Of Capital Stock0USD0USD0USD0USD0USD0USD0USD130,983,000USD
    Change In Cash-92,242,000USD-17,006,000USD84,513,000USD42,812,000USD-98,607,000USD60,343,000USD-37,103,000USD113,423,000USD
    Begin Period Cash Flow233,770,000USD250,776,000USD166,263,000USD123,451,000USD222,058,000USD161,715,000USD198,818,000USD85,395,000USD
    End Period Cash Flow141,528,000USD233,770,000USD250,776,000USD166,263,000USD123,451,000USD222,058,000USD161,715,000USD198,818,000USD
    Other Cashflows From Investing Activities-155,621,000USD-74,081,000USD-28,961,000USD-209,702,000USD-145,096,000USD-322,771,000USD-468,338,000USD-88,275,000USD
    Other Cashflows From Financing Activities-789,000USD-44,000USD0USD0USD0USD64,000USD-156,552,000USD-89,066,000USD
    Unclassified Operating Cash Flow-3,013,000USD2,299,000USD———-1,441,000USD-2,136,000USD-1,420,000USD
    Unclassified Investing Cash Flow155,621,000USD74,081,000USD30,223,000USD211,264,000USD146,329,000USD323,278,000USD469,344,000USD89,066,000USD
    Unclassified Financing Cash Flow—146,397,000USD———-131,047,000USD159,391,000USD89,066,000USD
    Sale Purchase Of Stock——0USD0USD—131,047,000USD130,983,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income53,786,000USD38,243,000USD25,047,000USD11,256,000USD
    Depreciation1,779,000USD3,868,000USD2,268,000USD727,000USD
    Stock Based Compensation7,235,000USD4,102,000USD683,000USD368,000USD
    Other Non Cash Items3,939,000USD-532,000USD-2,271,000USD570,000USD
    Change To Account Receivables-167,834,000USD-140,017,000USD-9,330,000USD-51,531,000USD
    Change In Working Capital271,373,000USD254,774,000USD214,860,000USD171,695,000USD
    Total Cash From Operating Activities331,587,000USD294,287,000USD236,225,000USD181,644,000USD
    Capital Expenditures-5,570,000USD-3,112,000USD-3,819,000USD-3,972,000USD
    Free Cash Flow326,017,000USD291,175,000USD232,406,000USD177,672,000USD
    Investments-458,821,000USD-325,883,000USD-274,765,000USD-187,458,000USD
    Total Cashflows From Investing Activities-464,391,000USD-325,883,000USD-274,765,000USD-187,458,000USD
    Net Borrowings150,000,000USD0USD0USD—
    Total Cash From Financing Activities144,516,000USD133,886,000USD77,656,000USD-1,000,000USD
    Issuance Of Capital Stock0USD133,822,000USD77,656,000USD24,000,000USD
    Change In Cash11,712,000USD102,290,000USD39,117,000USD-6,814,000USD
    Begin Period Cash Flow222,058,000USD119,768,000USD80,651,000USD87,465,000USD
    End Period Cash Flow233,770,000USD222,058,000USD119,768,000USD80,651,000USD
    Other Cashflows From Investing Activities-453,072,000USD-322,771,000USD-270,946,000USD-183,486,000USD
    Other Cashflows From Financing Activities-5,484,000USD64,000USD-77,656,000USD26,000,000USD
    Unclassified Operating Cash Flow-6,525,000USD-6,168,000USD-4,362,000USD-2,972,000USD
    Unclassified Investing Cash Flow453,072,000USD325,883,000USD274,765,000USD187,458,000USD
    Sale Purchase Of Stock—131,047,000USD77,656,000USD-25,000,000USD
    Unclassified Financing Cash Flow—2,775,000USD77,656,000USD23,000,000USD
    Dividends Paid———-25,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.