Bowhead Specialty Holdings Inc. (New York Stock Exchange:BOW)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $642.1M
- Net income
- $59.9M
- Net margin
- 9.3%
Little or no net debt.
- Total debt
- $146.7M
- Cash
- $232.2M
- Net debt / EBITDA
- -0.97x
Covers near-term obligations, without much room.
- Current assets
- $2.80B
- Current liabilities
- $2.24B
- Current ratio
- 1.25
The business funds itself from operations.
- Operating cash flow
- $410.2M
- Free cash flow
- $404.8M
- FCF margin
- 63.0%
Not funding itself by issuing shares.
- Shares outstanding
- 32.9M
- Share growth (1y)
- 0.5%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BOW Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | $171.77 M | $163.86 M | $154.81 M | $151.69 M | $143.90 M | $133.18 M |
| Revenue Growth (YoY) | 19.36 % | 23.03 % | 26.11 % | 27.12 % | 23.28 % | 34.66 % |
| Cost of Revenue | $101.05 M | $96.94 M | $91.48 M | $104.25 M | $97.12 M | $89.94 M |
| Gross Profit | $70.72 M | $66.91 M | $63.33 M | $47.44 M | $46.78 M | $43.25 M |
| SG&A Expense | $43.95 M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| R&D Expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expenses | $51.60 M | $46.25 M | $42.76 M | $29.63 M | $27.67 M | $27.33 M |
| Operating Income | $19.11 M | $20.66 M | $20.57 M | $17.81 M | $19.11 M | $15.92 M |
| Pretax Income | $15.91 M | $20.66 M | $20.57 M | $17.81 M | $19.11 M | $15.92 M |
| Tax Provision | $2.97 M | $4.52 M | $4.56 M | $2.96 M | $3.93 M | $3.57 M |
| Net Income | $12.94 M | $16.14 M | $16.01 M | $14.84 M | $15.18 M | $12.34 M |
| EPS (Basic) | $0.39 | $0.49 | $0.49 | $0.45 | $0.46 | $0.38 |
| EPS (Diluted) | $0.38 | $0.48 | $0.48 | $0.44 | $0.45 | $0.36 |
| Shares Outstanding | 32.94 M | 32.89 M | 32.81 M | 32.78 M | 32.78 M | 32.72 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.