Palomar Holdings, Inc. (PLMR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLMR SEC filings page.
Palomar Holdings, Inc. (PLMR) reported $1.1B in revenue over the twelve months to Jun 30, 2026, up 60.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Palomar’s business is expanding rapidly while converting earnings into cash, with growth funded more by balance-sheet liabilities than by fixed-asset spending.
Cash conversion is unusually close: FY2025 operating cash flow of$409M nearly matched net income of$197M plus non-cash and working-capital effects, while free cash flow reached$409M because capital expenditures were only$137K . That combination suggests reported earnings are translating into cash without heavy reinvestment in physical assets, even as investing outflows remain substantial.
Margin expansion accompanied scale: revenue increased from
The balance sheet is growing faster than equity: total assets rose to
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Palomar Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Palomar Holdings, Inc. scores 90/100 on it among other insurers.
Palomar Holdings, Inc. reported revenue of $876.0M in fiscal year 2025, against $553.9M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Palomar Holdings, Inc. scores 97/100 among other insurers.
Palomar Holdings, Inc. funded 30.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $942.7M of equity against $3.1B of assets. Capital ranks insurers on that cushion, and Palomar Holdings, Inc. scores 70/100 among other insurers.
Not available for Palomar Holdings, Inc., and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Palomar Holdings, Inc. scores 90/100 on it among other insurers.
Palomar Holdings, Inc. reported net income of $197.1M in fiscal year 2025, against $117.6M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Palomar Holdings, Inc. scores 55/100 among other insurers.
Palomar Holdings, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Palomar Holdings, Inc. generates $2.08 in operating cash flow ($409.1M OCF vs $197.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Palomar Holdings, Inc. generated $314.4M in revenue in Q2 2026. This represents an increase of 54.7% from the same quarter a year earlier. Against the prior quarter it is up 12.7%.
Palomar Holdings, Inc. reported $52.6M in net income in Q2 2026. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 22.5%.
Palomar Holdings, Inc. earned $1.94 per diluted share (EPS) in Q2 2026. This represents an increase of 15.5% from the same quarter a year earlier. Against the prior quarter it is up 23.6%.
Not reported for Q2 2026.
Cash & Balance Sheet
Palomar Holdings, Inc. generated $166.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 38.0% from the same quarter a year earlier. Against the prior quarter it is up 254.6%.
Palomar Holdings, Inc. held $62.7M in cash against $295.8M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Palomar Holdings, Inc.'s net profit margin was 16.7% in Q2 2026, showing the share of revenue converted to profit. This is down 6.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Palomar Holdings, Inc.'s ROE was 5.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Palomar Holdings, Inc. spent $41.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 77.7%.
Palomar Holdings, Inc. invested $416K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1334.5% from the same quarter a year earlier.
Not reported for Q2 2026.
PLMR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $314.4M+54.7% | $278.9M+59.7% | $253.4M+62.7% | $244.7M+64.8% | $203.3M+55.1% | $174.6M+47.3% | $155.8M+47.8% | $148.5M+63.3% |
| Interest Expense | $4.9M+5652.3% | $3.2M+3615.3% | $88K+2.3% | $133K+52.9% | $86K-61.8% | $85K-88.5% | $86K-89.6% | $87K-90.0% |
| Income Tax | $17.2M+28.9% | $10.5M-2.6% | $16.5M+65.0% | $15.7M+95.9% | $13.4M+74.7% | $10.8M+35.3% | $10.0M+32.2% | $8.0M+31.2% |
| Net Income | $52.6M+13.0% | $42.9M+0.1% | $56.2M+60.6% | $51.5M+68.7% | $46.5M+80.8% | $42.9M+62.7% | $35.0M+35.0% | $30.5M+65.5% |
| EPS (Basic) | $2.00+14.9% | $1.62+0.6% | $2.12+59.4% | $1.93+63.6% | $1.74+68.9% | $1.61+51.9% | $1.33+27.9% | $1.18+57.3% |
| EPS (Diluted) | $1.94+15.5% | $1.570.0% | $2.05+58.9% | $1.87+62.6% | $1.68+68.0% | $1.57+51.0% | $1.29+25.2% | $1.15+57.5% |
| Diluted Shares (Avg) | 27M-2.1% | 27M-0.2% | N/A | 27M+3.7% | 28M+7.8% | 27M+7.6% | N/A | 26M+4.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
PLMR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B+40.0% | $3.6B+48.9% | $3.1B+34.9% | $2.9B+29.3% | $2.8B+40.5% | $2.4B+28.7% | $2.3B+32.4% | $2.3B+39.9% |
| Cash & Equivalents | $62.7M-22.9% | $56.5M-52.6% | $106.9M+32.9% | $111.7M+29.2% | $81.3M+69.9% | $119.3M+94.4% | $80.4M+56.1% | $86.5M+63.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $16.1M | N/A | $30.5M+711.3% | N/A | N/A | N/A | $3.8M0.0% | N/A |
| Total Liabilities | $3.0B+50.3% | $2.7B+62.2% | $2.1B+37.5% | $2.1B+31.3% | $2.0B+33.8% | $1.6B+18.3% | $1.5B+24.0% | $1.6B+30.5% |
| Long-Term Debt | $295.8M | $297.4M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $980.9M+15.8% | $959.0M+21.3% | $942.7M+29.3% | $878.1M+24.9% | $847.2M+59.1% | $790.4M+57.6% | $729.0M+54.7% | $703.3M+66.9% |
| Retained Earnings | $453.4M+28.9% | $441.9M+44.8% | $422.0M+60.9% | $365.8M+61.0% | $351.7M+78.7% | $305.1M+78.4% | $262.2M+81.3% | $227.3M+91.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
PLMR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $167.2M+38.3% | $47.0M-46.1% | $117.4M+61.6% | $83.6M-16.6% | $120.9M+119.3% | $87.2M+163.2% | $72.6M+226.2% | $100.3M+42.0% |
| Stock-Based Compensation | $7.4M+39.1% | $8.8M+85.2% | N/A | $5.4M+30.7% | $5.3M+34.8% | $4.7M+24.2% | N/A | $4.1M+14.7% |
| Capital Expenditures | $416K+1334.5% | $0-100.0% | $22K-55.1% | $51K-73.7% | $29K | $35K | $49K | $194K+4750.0% |
| Free Cash Flow | $166.8M+38.0% | $47.0M-46.0% | $117.4M+61.7% | $83.6M-16.5% | $120.8M+119.2% | $87.1M+163.1% | $72.6M+225.9% | $100.1M+41.7% |
| Investing Cash Flow | -$119.7M+25.5% | -$373.4M-618.8% | -$123.5M-51.9% | -$17.7M+90.1% | -$160.8M-460.7% | -$51.9M-218.1% | -$81.4M-234.5% | -$179.9M-251.0% |
| Financing Cash Flow | -$41.3M-2315.5% | $276.0M+7677.4% | $1.3M-52.8% | -$35.5M-130.0% | $1.9M+104.6% | $3.5M+151.6% | $2.7M+334.7% | $118.2M+578.5% |
| Share Buybacks | $41.0M | $23.1M | $7K | $37.3M | $0 | $0 | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid.
PLMR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 16.7%-6.2pp | 15.4%-9.2pp | 22.2%-0.3pp | 21.0%+0.5pp | 22.9%+3.3pp | 24.6%+2.3pp | 22.4%-2.1pp | 20.5%+0.3pp |
| Return on Equity | 5.4%-0.1pp | 4.5%-1.0pp | 6.0%+1.2pp | 5.9%+1.5pp | 5.5%+0.7pp | 5.4%+0.2pp | 4.8%-0.7pp | 4.3%0.0pp |
| Return on Assets | 1.3%-0.3pp | 1.2%-0.6pp | 1.8%+0.3pp | 1.8%+0.4pp | 1.6%+0.4pp | 1.8%+0.4pp | 1.6%0.0pp | 1.3%+0.2pp |
| Debt-to-Equity | 0.30-2.0x | 0.31-1.8x | 0.00-2.1x | 2.35+0.1x | 2.34-0.4x | 2.07-0.7x | 2.10-0.5x | 2.24-0.6x |
| Asset Turnover | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.070.0x | 0.070.0x | 0.070.0x | 0.070.0x |
| FCF Margin | 53.0%-6.4pp | 16.9%-33.0pp | 46.3%-0.3pp | 34.2%-33.2pp | 59.4%+17.4pp | 49.9%+21.9pp | 46.6%+25.5pp | 67.4%-10.3pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Palomar Holdings, Inc. PLMR | FY2025 | $876.0M | $197.1M | 22.5% | $3.4B | 67/100 |
| Kemper Corporation KMPR | FY2025 | $4.8B | $143.3M | 3.0% | $1.6B | 8/100 |
| Selective Insurance Group SIGI | FY2025 | $5.3B | $466.4M | 8.7% | $5.1B | 43/100 |
| Mercury General Corp. MCY | FY2025 | $6.0B | $541.1M | 9.0% | $5.7B | 34/100 |
| Lemonade, Inc. LMND | FY2025 | $737.9M | -$166.0M | -22.5% | $3.6B | 48/100 |
| HCI Group, Inc. HCI | FY2025 | $900.9M | $320.4M | 35.6% | $2.4B | 61/100 |
Where Palomar Holdings, Inc. Ranks
Frequently Asked Questions
What is Palomar Holdings, Inc.'s annual revenue?
Palomar Holdings, Inc. (PLMR) reported $876.0M in total revenue for fiscal year 2025. This represents a 58.2% 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 Palomar Holdings, Inc.'s revenue growing?
Palomar Holdings, Inc. (PLMR) revenue grew by 58.2% year-over-year, from $553.9M to $876.0M in fiscal year 2025.
Is Palomar Holdings, Inc. profitable?
Yes, Palomar Holdings, Inc. (PLMR) reported a net income of $197.1M in fiscal year 2025, with a net profit margin of 22.5%.
How much debt does Palomar Holdings, Inc. have?
As of fiscal year 2025, Palomar Holdings, Inc. (PLMR) had $106.9M in cash and equivalents against $0 in long-term debt.
What is Palomar Holdings, Inc.'s net profit margin?
Palomar Holdings, Inc. (PLMR) had a net profit margin of 22.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Palomar Holdings, Inc.'s return on equity (ROE)?
Palomar Holdings, Inc. (PLMR) has a return on equity of 20.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Palomar Holdings, Inc.'s free cash flow?
Palomar Holdings, Inc. (PLMR) generated $409.0M in free cash flow during fiscal year 2025. This represents a 56.8% 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 Palomar Holdings, Inc.'s operating cash flow?
Palomar Holdings, Inc. (PLMR) generated $409.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Palomar Holdings, Inc.'s total assets?
Palomar Holdings, Inc. (PLMR) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Palomar Holdings, Inc.'s capital expenditures?
Palomar Holdings, Inc. (PLMR) invested $137K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Palomar Holdings, Inc.'s debt-to-equity ratio?
Palomar Holdings, Inc. (PLMR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Palomar Holdings, Inc.'s return on assets (ROA)?
Palomar Holdings, Inc. (PLMR) had a return on assets of 6.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Palomar Holdings, Inc.'s P/E ratio?
Palomar Holdings, Inc. (PLMR) trades at 16.9x earnings, its market capitalization divided by net income of $203.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Palomar Holdings, Inc.'s price-to-sales ratio?
Palomar Holdings, Inc. (PLMR) trades at 3.2x sales, its market capitalization divided by revenue of $1.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Palomar Holdings, Inc.'s Piotroski F-Score?
Palomar Holdings, Inc. (PLMR) has a Piotroski F-Score of 5 out of 6 computable signals; 3 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 Palomar Holdings, Inc.'s earnings high quality?
Palomar Holdings, Inc. (PLMR) has an earnings quality ratio of 2.08x, considered cash-backed (high quality). 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.
How financially healthy is Palomar Holdings, Inc.?
Palomar Holdings, Inc. (PLMR) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.