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Other financials

Income statement

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Revenue$314.4M+54.7%
Net income$52.6M+13.0%
EPS (diluted)$1.94+15.5%

Balance sheet

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Cash & equivalents$62.7M-22.9%
Total debt$295.8M
Total equity$980.9M+15.8%
Total assets$4.0B+40.0%

Cash flow

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Operating cash flow$167.2M+38.3%
CapEx$416.0K+1,334%
Free cash flow$166.8M+38.0%

Valuation

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Market cap$3.6B+15.3%
Enterprise value$3.83B
P/E18.6×-2.5×
P/S3.3×-1.3×

Profitability

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Net margin17.8%-3.9pp
FCF margin38%-17.8pp

Returns & leverage

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Return on equity21.2%-0.3pp
Debt / equity0.3×

Where this comes from

Reported directly by Palomar Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: Palomar Holdings, Inc.’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:54 PM EST
Fiscal year
FY2025
Accession
0001193125-26-067364
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Operating activities
Net income$197,070$117,573$79,201
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense21,01316,68514,913
Depreciation and amortization expense8,9275,1064,503
Loss on asset disposal31
Net realized and unrealized gains on investments(11,831)(4,568)(2,941)
Amortization of premium on fixed maturity securities(61)(945)(9)

Item 1: Financial Statements

FAQ

What is Palomar Holdings, Inc.'s stock-based comp?
Palomar Holdings, Inc. (PLMR) reported stock-based comp of $5.25M in Q4 2025.
How has Palomar Holdings, Inc.'s stock-based comp changed year-over-year?
Palomar Holdings, Inc.'s stock-based comp increased by 25.9% year-over-year, from $4.17M to $5.25M.
What is the long-term trend for Palomar Holdings, Inc.'s stock-based comp?
Over 4 years (2021 to 2025), Palomar Holdings, Inc.'s stock-based comp has grown at a 39.3% compound annual growth rate (CAGR), from $5.58M to $21.01M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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