Bowhead Specialty Holdings Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 551.6M, using the latest reported figures. The previous period, 2024, was about USD 425.7M.

Watchlist

Latest quarter

Revenue

172 million USD

2026 Q3 · USD

Exact inputs and evidence

Net margin

7.53%

2026 Q3 · %

Exact inputs and evidence
  • Net Income: 12942000 USD Source
  • Revenue: 171766000 USD Source

Operating cash flow

193 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 351906000 USD Source
  • Operating Cash Flow: 159339000 USD Source

Free cash flow

191 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 351906000 USD Source
  • Operating Cash Flow: 159339000 USD Source
  • Capital Expenditure: 3906000 USD Source
  • Capital Expenditure: 2644000 USD Source
Cash and cash equivalents
232 million USD Source
Exact value

232221000 USD

Long-term debt including current maturities
147 million USD
Exact inputs and evidence

146731000 USD

  • Long-term debt including current maturities: 146731000 USD Source
Shares outstanding
32.9 million shares Source
Exact value

32945158 shares

Reported share-count change

0.49% · 162 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 32782974 shares · 2025-09-30· Source
  • 32945158 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

643 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 551589000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 399911000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 155694000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 163857000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 171766000 USD · 2026-07-01 – 2026-09-30 Source

Net income

59.9 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 53786000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 38943000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 16010000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 16138000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 12942000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

412 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 331587000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 271438000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 65456000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 159339000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 65456000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 351906000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 159339000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

5.42 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 5570000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 4057000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1288000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 2644000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 1288000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 3906000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 2644000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

407 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 331587000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 271438000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 65456000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 159339000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 65456000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 351906000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 159339000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 5570000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 4057000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1288000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 2644000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 1288000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 3906000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 2644000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-11-03.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 4 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 4 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 4 of 11 periods available· newest 2025-12-31
  • Total assets: 4 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +29.6%

    Prior period

    USD 425.66 million

    –

    Current period

    USD 551.59 million

    –

    Exact inputs and evidence

    551589000 − 425660000 = 125929000 USD

    425660000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    551589000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +40.6%

    Prior period

    USD 38.24 million

    –

    Current period

    USD 53.79 million

    –

    Exact inputs and evidence

    53786000 − 38243000 = 15543000 USD

    38243000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    53786000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +12.7%

    Prior period

    USD 294.29 million

    –

    Current period

    USD 331.59 million

    –

    Exact inputs and evidence

    331587000 − 294287000 = 37300000 USD

    294287000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    331587000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +79%

    Prior period

    USD 3.11 million

    –

    Current period

    USD 5.57 million

    –

    Exact inputs and evidence

    5570000 − 3112000 = 2458000 USD

    3112000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5570000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 551.59 million 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 53.79 million 9.8% of revenue

Cash

  • Operating cash flow USD 331.59 million 60% of revenue
  • Capital expenditure USD 5.57 million 1% of revenue
  • Free cash flow Derived USD 326.02 million 59% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-31187602000 UnavailableUnavailableUnavailable11256000 177672000 Derived
Source
2023 2023-01-01 – 2023-12-31283398000 UnavailableUnavailableUnavailable25047000 232406000 Derived
Source
2024 2024-01-01 – 2024-12-31425660000 UnavailableUnavailableUnavailable38243000 291175000 Derived
Source
2025 2025-01-01 – 2025-12-31551589000 UnavailableUnavailableUnavailable53786000 326017000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 551.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.595.7M446.8M297.9M148.9M0.02022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Revenue187602000
2023Revenue283398000
2024Revenue425660000
2025Revenue551589000

Revenue growth

Change in revenue from the same financial period one year earlier.

29.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%41%28%14%0%2022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year51.1%
2024Year over year50.2%
2025Year over year29.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 9.8% 2025
Free cash flow margin 59.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.102%77%51%26%0%2022-12-312023-12-312024-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2022Net margin6%
2023Net margin8.8%
2024Net margin9%
2025Net margin9.8%
2022Free cash flow margin94.7%
2023Free cash flow margin82%
2024Free cash flow margin68.4%
2025Free cash flow margin59.1%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 331.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.358.1M268.6M179.1M89.5M0.02022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Operating cash flow181644000
2023Operating cash flow236225000
2024Operating cash flow294287000
2025Operating cash flow331587000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 326M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.352.1M264.1M176.0M88.0M0.02022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Free cash flow177672000
2023Free cash flow232406000
2024Free cash flow291175000
2025Free cash flow326017000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

81.1% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.92%69%46%23%0%2022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022Liabilities / assets85.2%
2023Liabilities / assets81.3%
2024Liabilities / assets77.6%
2025Liabilities / assets81.1%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2022 2022-01-01 – 2022-12-31
USD 11.26 million
Exact value

Exact value: 11256000 USD

2022-01-01 – 2022-12-31: 11256000 USD Inspect Net Income Open source
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USD 181.64 million
Exact value

Exact value: 181644000 USD

2022-01-01 – 2022-12-31: 181644000 USD Inspect Operating Cash Flow Open source
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USD 3.97 million
Exact value

Exact value: 3972000 USD

2022-01-01 – 2022-12-31: 3972000 USD Inspect Capital Expenditure Open source
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USD 177.67 million
Calculation and evidence

181644000 − 3972000 USD

Exact free cash flow: 177672000 USD

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2023 2023-01-01 – 2023-12-31
USD 25.05 million
Exact value

Exact value: 25047000 USD

2023-01-01 – 2023-12-31: 25047000 USD Inspect Net Income Open source
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USD 236.23 million
Exact value

Exact value: 236225000 USD

2023-01-01 – 2023-12-31: 236225000 USD Inspect Operating Cash Flow Open source
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USD 3.82 million
Exact value

Exact value: 3819000 USD

2023-01-01 – 2023-12-31: 3819000 USD Inspect Capital Expenditure Open source
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USD 232.41 million
Calculation and evidence

236225000 − 3819000 USD

Exact free cash flow: 232406000 USD

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2024 2024-01-01 – 2024-12-31
USD 38.24 million
Exact value

Exact value: 38243000 USD

2024-01-01 – 2024-12-31: 38243000 USD Inspect Net Income Open source
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USD 294.29 million
Exact value

Exact value: 294287000 USD

2024-01-01 – 2024-12-31: 294287000 USD Inspect Operating Cash Flow Open source
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USD 3.11 million
Exact value

Exact value: 3112000 USD

2024-01-01 – 2024-12-31: 3112000 USD Inspect Capital Expenditure Open source
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USD 291.18 million
Calculation and evidence

294287000 − 3112000 USD

Exact free cash flow: 291175000 USD

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2025 2025-01-01 – 2025-12-31
USD 53.79 million
Exact value

Exact value: 53786000 USD

2025-01-01 – 2025-12-31: 53786000 USD Inspect Net Income Open source
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USD 331.59 million
Exact value

Exact value: 331587000 USD

2025-01-01 – 2025-12-31: 331587000 USD Inspect Operating Cash Flow Open source
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USD 5.57 million
Exact value

Exact value: 5570000 USD

2025-01-01 – 2025-12-31: 5570000 USD Inspect Capital Expenditure Open source
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USD 326.02 million
Calculation and evidence

331587000 − 5570000 USD

Exact free cash flow: 326017000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

16 filings · 693 latest values · 693 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0002002473, 2002473, BOW, edgar:2002473

Also known as Bowhead Holdings Inc., Bowhead Specialty Holdings Inc.