BOW (Bowhead Specialty Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

BOW (Bowhead Specialty Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

BOWBowhead Specialty Holdings Inc.

Mkt Cap$765M

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Revenue (TTM)$552M

Net Income (TTM)$54M

EPS (TTM)$1.59

Free Cash Flow (TTM)-$382,000

Gross Margin40.2%

Op. Margin12.2%

Net Margin9.8%

FCF Margin-0.1%

P/S Ratio (TTM)1.4x

P/E Ratio (TTM)14.2x

YoY Rev Growth+29.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$59M	$21M	$7M
Q2 23	$65M	$23M	$8M
Q3 23	$76M	$28M	$11M
Q4 23	$83M	$24M	$6M
Q1 24	$91M	$30M	$9M
Q2 24	$99M	$32M	$7M
Q3 24	$117M	$40M	$16M
Q4 24	$119M	$43M	$18M
Q1 25	$123M	$40M	$14M
Q2 25	$133M	$43M	$16M
Q3 25	$144M	$47M	$19M
Q4 25	$152M	$92M	$18M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	2.7x	30.5x
Q1 24	2.4x	28.3x
Q2 24	2.2x	29.4x
Q3 24	2.0x	26.0x
Q4 24	1.8x	20.0x
Q1 25	1.7x	17.9x
Q2 25	1.6x	15.5x
Q3 25	1.5x	14.6x
Q4 25	1.4x	14.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$35M	$34M
Q2 23	$51M	$50M
Q3 23	$88M	$87M
Q4 23	$61M	$60M
Q1 24	$42M	$41M
Q2 24	$72M	$71M
Q3 24	$119M	$118M
Q4 24	$61M	$61M
Q1 25	$48M	$46M
Q2 25	$109M	$107M
Q3 25	$115M	$113M
Q4 25	$58M	-$268M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$782K
Q3 23	$1M
Q4 23	$924K
Q1 24	$808K
Q2 24	$791K
Q3 24	$1M
Q4 24	$507K
Q1 25	$1M
Q2 25	$2M
Q3 25	$1M
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+53.4%	+55.4%
Q2 24	+51.1%	+60.6%
Q3 24	+53.5%	+55.7%
Q4 24	+44.0%	+31.2%
Q1 25	+35.4%	+32.7%
Q2 25	+34.7%	+28.2%
Q3 25	+23.3%	+23.7%
Q4 25	+27.1%	+32.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$109K	0.2%
Q2 23	$156K	0.2%
Q3 23	$227K	0.3%
Q4 23	$191K	0.2%
Q1 24	$225K	0.2%
Q2 24	$2M	1.9%
Q3 24	$1M	0.9%
Q4 24	$1M	0.9%
Q1 25	$1M	1.1%
Q2 25	$137K	0.1%
Q3 25	$2M	1.4%
Q4 25	-$3M	-1.8%

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$118M	$0	$118M
Q1 24	$73M	$645M	$719M
Q2 24	$180M	$442M	$622M
Q3 24	$162M	$891M	$1.1B
Q4 24	$97M	$890M	$987M
Q1 25	$88M	$575M	$663M
Q2 25	$166M	$1.1B	$1.3B
Q3 25	$251M	$1.1B	$1.4B
Q4 25	$234M	$1.4B	$1.6B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	32M	—
Q2 23	32M	+0.0%
Q3 23	32M	+0.0%
Q4 23	32M	+0.0%
Q1 24	32M	+0.0%
Q2 24	28M	-11.9%
Q3 24	33M	+19.8%
Q4 24	34M	+0.9%
Q1 25	34M	+0.4%
Q2 25	34M	+1.0%
Q3 25	34M	-1.2%
Q4 25	34M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 22	—	—
FY 23	—	—
FY 24	$2M	249
FY 25	$2M	296