Pelagos Insurance Capital Financials
This page shows Pelagos Insurance Capital (PLGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
We are recalculating Pelagos Insurance Capital's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Pelagos Insurance Capital passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Pelagos Insurance Capital generates $-1.81 in operating cash flow (-$408.3M OCF vs $225.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Pelagos Insurance Capital generated $2.5B in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Pelagos Insurance Capital reported $225.5M in net income in fiscal year 2025. This represents an increase of 99.0% from the prior year.
Pelagos Insurance Capital earned $2.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 115.3% from the prior year.
Cash & Balance Sheet
Pelagos Insurance Capital generated -$409.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 166.7% from the prior year.
Pelagos Insurance Capital held $873.0M in cash against $843.2M in long-term debt as of fiscal year 2025.
Pelagos Insurance Capital paid $0.50 per share in dividends in fiscal year 2025. This represents an increase of 25.0% from the prior year.
Pelagos Insurance Capital had 97M shares outstanding in fiscal year 2025. This represents a decrease of 13.5% from the prior year.
Margins & Returns
Pelagos Insurance Capital's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.
Pelagos Insurance Capital's ROE was 9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.8 percentage points from the prior year.
Capital Allocation
Pelagos Insurance Capital spent $261.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 147.8% from the prior year.
Pelagos Insurance Capital invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.9% from the prior year.
PLGO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $610.6M+1.6% | $600.9M-7.8% | $651.9M+10.6% | $589.3M-10.5% | $658.4M-2.3% | $673.8M-1.8% | $686.1M+27.0% | $540.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $29.2M+16.3% | $25.1M-7.7% | $27.2M+22.0% | $22.3M+1.4% | $22.0M-6.8% | $23.6M+4.0% | $22.7M-7.0% | $24.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$4.9M-119.5% | $25.1M-17.2% | $30.3M+1112.0% | $2.5M+132.1% | -$7.8M+54.9% | -$17.3M-200.0% | $17.3M+88.0% | $9.2M |
| Net Income | $108.0M-8.3% | $117.8M-9.7% | $130.5M+562.4% | $19.7M+146.4% | -$42.5M+65.2% | -$122.2M-221.5% | $100.6M+87.3% | $53.7M |
| EPS (Diluted) | $1.15 | N/A | $1.24+588.9% | $0.18+147.4% | $-0.38 | N/A | $0.88+91.3% | $0.46 |
PLGO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.7B+10.2% | $12.4B-0.4% | $12.5B-3.9% | $13.0B+1.7% | $12.8B+8.5% | $11.8B+0.7% | $11.7B-2.0% | $11.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $895.4M+2.6% | $873.0M-2.2% | $892.5M-2.9% | $919.4M+25.4% | $733.4M-1.3% | $743.0M-7.9% | $806.8M+28.3% | $628.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.5B+14.1% | $10.0B-0.3% | $10.1B-5.6% | $10.7B+2.8% | $10.4B+11.4% | $9.3B+2.9% | $9.1B-3.7% | $9.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $843.5M0.0% | $843.2M0.0% | $842.9M0.0% | $842.6M+87.6% | $449.1M0.0% | $448.9M0.0% | $448.8M0.0% | $448.6M |
| Total Equity | $2.3B-6.1% | $2.4B-0.7% | $2.4B+4.0% | $2.3B-2.8% | $2.4B-2.3% | $2.4B-7.0% | $2.6B+4.0% | $2.5B |
| Retained Earnings | $770.8M+14.0% | $675.9M+17.9% | $573.3M+25.0% | $458.5M+1.9% | $449.9M-10.7% | $503.6M-20.9% | $636.9M+16.2% | $548.0M |
PLGO Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $274.0M+19.8% | $228.8M+47.4% | $155.2M+143.2% | -$359.2M+17.1% | -$433.1M-443.5% | $126.1M-60.5% | $318.9M+52.9% | $208.5M |
| Capital Expenditures | $400K+100.0% | $200K-66.7% | $600K+500.0% | $100K-66.7% | $300K-57.1% | $700K-58.8% | $1.7M-10.5% | $1.9M |
| Free Cash Flow | $273.6M+19.7% | $228.6M+47.9% | $154.6M+143.0% | -$359.3M+17.1% | -$433.4M-445.6% | $125.4M-60.5% | $317.2M+53.5% | $206.6M |
| Investing Cash Flow | -$224.7M-448.4% | $64.5M+153.1% | -$121.4M-141.2% | $294.9M-33.7% | $444.7M+346.8% | -$180.2M-111.0% | -$85.4M+55.9% | -$193.6M |
| Financing Cash Flow | -$234.1M-75.2% | -$133.6M-182.5% | -$47.3M-120.2% | $233.9M+804.5% | -$33.2M-196.4% | -$11.2M+85.9% | -$79.4M-70.8% | -$46.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $219.4M+84.8% | $118.7M+272.1% | $31.9M-64.0% | $88.7M+301.4% | $22.1M | $0-100.0% | $67.9M+108.3% | $32.6M |
PLGO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 17.7%-1.9pp | 19.6%-0.4pp | 20.0%+16.7pp | 3.3%+9.8pp | -6.5%+11.7pp | -18.1%-32.8pp | 14.7%+4.7pp | 9.9% |
| Return on Equity | 4.8%-0.1pp | 4.9%-0.5pp | 5.4%+4.5pp | 0.9%+2.6pp | -1.8%+3.2pp | -5.0%-8.8pp | 3.8%+1.7pp | 2.1% |
| Return on Assets | 0.8%-0.2pp | 0.9%-0.1pp | 1.0%+0.9pp | 0.1%+0.5pp | -0.3%+0.7pp | -1.0%-1.9pp | 0.9%+0.4pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.37+0.0 | 0.350.0 | 0.35-0.0 | 0.36+0.2 | 0.190.0 | 0.18+0.0 | 0.170.0 | 0.18 |
| FCF Margin | 44.8%+6.8pp | 38.0%+14.3pp | 23.7%+84.7pp | -61.0%+4.9pp | -65.8%-84.4pp | 18.6%-27.6pp | 46.2%+8.0pp | 38.3% |
Frequently Asked Questions
What is Pelagos Insurance Capital's annual revenue?
Pelagos Insurance Capital (PLGO) reported $2.5B in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pelagos Insurance Capital's revenue growing?
Pelagos Insurance Capital (PLGO) revenue grew by 3.3% year-over-year, from $2.4B to $2.5B in fiscal year 2025.
Is Pelagos Insurance Capital profitable?
Yes, Pelagos Insurance Capital (PLGO) reported a net income of $225.5M in fiscal year 2025, with a net profit margin of 9.0%.
How much debt does Pelagos Insurance Capital have?
As of fiscal year 2025, Pelagos Insurance Capital (PLGO) had $873.0M in cash and equivalents against $843.2M in long-term debt.
What is Pelagos Insurance Capital's net profit margin?
Pelagos Insurance Capital (PLGO) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Pelagos Insurance Capital pay dividends?
Yes, Pelagos Insurance Capital (PLGO) paid $0.50 per share in dividends during fiscal year 2025.
What is Pelagos Insurance Capital's return on equity (ROE)?
Pelagos Insurance Capital (PLGO) has a return on equity of 9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pelagos Insurance Capital's free cash flow?
Pelagos Insurance Capital (PLGO) generated -$409.5M in free cash flow during fiscal year 2025. This represents a -166.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pelagos Insurance Capital's operating cash flow?
Pelagos Insurance Capital (PLGO) generated -$408.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pelagos Insurance Capital's total assets?
Pelagos Insurance Capital (PLGO) had $12.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pelagos Insurance Capital's capital expenditures?
Pelagos Insurance Capital (PLGO) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pelagos Insurance Capital's debt-to-equity ratio?
Pelagos Insurance Capital (PLGO) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pelagos Insurance Capital's return on assets (ROA)?
Pelagos Insurance Capital (PLGO) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pelagos Insurance Capital's cash runway?
Based on fiscal year 2025 data, Pelagos Insurance Capital (PLGO) had $873.0M in cash against an annual operating cash burn of $408.3M. This gives an estimated cash runway of approximately 26 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Pelagos Insurance Capital's Piotroski F-Score?
Pelagos Insurance Capital (PLGO) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pelagos Insurance Capital's earnings high quality?
Pelagos Insurance Capital (PLGO) has an earnings quality ratio of -1.81x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.