Palomar Holdings, Inc. income statement
In fiscal 2025, Palomar Holdings, Inc. reported revenue of $876m, up 58.2% on the year before and net income of $197m, or $7.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 73 | 113 | 168 | 248 | 327 | 376 | 554 | 876 | 1,091 |
| Interest expense | 2 | 2 | 1 | — | 0 | 1 | 4 | 1 | 0 | 8 |
| Provision for credit losses | — | — | — | — | 0 | 0 | 0 | 0 | — | — |
| Income before tax | 5 | 18 | 18 | 6 | 57 | 68 | 104 | 151 | 253 | 263 |
| Income tax | 1 | −0 | 7 | −0 | 11 | 15 | 24 | 34 | 56 | 60 |
| Net income | 4 | 18 | 11 | 6 | 46 | 52 | 79 | 118 | 197 | 203 |
| Diluted EPS | $0.22 | $1.07 | $0.49 | $0.24 | $1.76 | $2.02 | $3.13 | $4.48 | $7.17 | $7.43 |
| Diluted shares (average) | 17m | 17m | 22m | 26m | 26m | 26m | 25m | 26m | 27m | 27m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 149 | 156 | 175 | 203 | 245 | 253 | 279 | 314 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 |
| Income before tax | 39 | 45 | 54 | 60 | 67 | 73 | 53 | 70 |
| Income tax | 8 | 10 | 11 | 13 | 16 | 16 | 11 | 17 |
| Net income | 30 | 35 | 43 | 47 | 51 | 56 | 43 | 53 |
| Diluted EPS | $1.15 | $1.29 | $1.57 | $1.68 | $1.87 | $2.05 | $1.57 | $1.94 |
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