Bowhead Specialty Holdings Inc. logo BOW - Bowhead Specialty Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 5
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $29.00 DETAILS
HIGH: $30.00
LOW: $28.00
MEDIAN: $29.00
CONSENSUS: $29.00
DOWNSIDE: 10.22%
Annual Quarterly
Metric 2025 2024 2023 2022
Revenue
Revenue 551.5 425.6 283.4 187.6
Cost of Revenue 374.5 280.5 187.2 127.0
Gross Profit 177.0 145.1 96.2 60.6
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 0 0 0 0
Other Expenses 109.7 94.6 64.1 46.0
Operating Expenses 109.7 94.6 64.1 46.0
Operating Income
Operating Income 67.3 50.5 32.1 14.7
Interest Expense 2.0 0.7 0 0
Interest Income 0 0 0 0
Profitability
EBITDA 71.1 55.1 34.4 15.4
EBIT 69.3 51.3 32.1 14.7
Income Before Tax 67.3 50.5 32.1 14.7
Income Tax Expense 13.5 12.3 7.1 3.4
Net Income 53.8 38.2 25.0 11.3
Per Share Data
EPS (Basic) 1.64 1.31 0.79 0.36
EPS (Diluted) 1.59 1.29 0.79 0.36
Shares Outstanding 32.8 29.3 31.5 31.5
Metric 2025 2024 2023 2022
Current Assets
Cash & Cash Equivalents 193.5 97.5 118.1 64.7
Short-Term Investments 772.2 890.0 563.4 282.9
Net Receivables 498.1 319.3 39.9 93.0
Inventory 0 0 0 0
Other Current Assets 40.2 (357.3) (39.9) 155.3
Total Current Assets 1,695.9 1,102.0 118.1 670.4
Non-Current Assets
Property, Plant & Equipment 10.6 6.8 7.6 6.0
Goodwill 0 0 (288.4) 0
Intangible Assets 35.3 27.6 19.4 13.7
Long-Term Investments 598.8 0 0 282.9
Other Non-Current Assets 8.3 (7.3) 610.3 (407.9)
Total Non-Current Assets 675.5 27.2 348.9 (105.2)
Total Assets 2,371.4 1,654.2 1,027.9 565.2
Current Liabilities
Account Payables 65.8 51.9 40.4 23.7
Short-Term Debt 0 1.5 0 0
Deferred Revenue 552.6 0 0 0
Other Current Liabilities 1,129.9 (71.4) (55.4) (37.2)
Total Current Liabilities 1,767.7 1.6 0 0
Non-Current Liabilities
Long-Term Debt 146.4 0 0 0
Deferred Tax Liabilities 0 6.9 0 3.0
Other Non-Current Liabilities 8.0 873.4 835.8 343.8
Total Non-Current Liabilities 154.4 883.1 835.8 346.8
Total Liabilities 1,922.1 1,283.8 835.8 481.8
Stockholders' Equity
Common Stock 0.3 0.3 0.2 0.2
Retained Earnings 116.7 62.9 24.7 (0.4)
Accumulated Other Comprehensive Income 5.4 (11.2) (11.4) (16.7)
Total Stockholders' Equity 449.3 370.4 192.1 83.4
Total Liabilities & Equity 2,371.4 1,654.2 1,027.9 565.2
Debt Metrics
Total Debt 146.4 4.3 0 0
Net Debt (47.1) (93.2) (118.1) (64.7)
Metric 2025 2024 2023 2022
Operating Activities
Net Income 53.8 38.2 25.0 11.3
Depreciation & Amortization 1.8 3.9 2.3 0.7
Stock-Based Compensation 7.2 4.1 0.7 0.4
Change in Working Capital 271.4 254.8 214.9 171.7
Other Non-Cash Items 3.9 (0.5) (2.3) 0.6
Operating Cash Flow 331.6 294.3 236.2 181.6
Investing Activities
Capital Expenditure (5.6) (3.1) (3.8) (4.0)
Acquisitions 0 0 0 0
Purchases of Investments (828.2) (612.9) (367.2) (198.3)
Sales/Maturities of Investments 369.3 290.2 96.3 14.8
Other Investing Activities 0 0 0 0
Investing Cash Flow (464.4) (325.9) (274.8) (187.5)
Financing Activities
Net Debt Issuance 150 0 77.7 (1)
Stock Repurchased 0 0 0 (25)
Dividends Paid 0 0 0 (25)
Other Financing Activities (5.5) 0.1 (77.7) 26
Financing Cash Flow 144.5 133.9 77.7 (1)
Cash Position
Net Change in Cash 11.7 102.3 39.1 (6.8)
Cash at Beginning 222.1 119.8 80.7 87.5
Cash at End 233.8 222.1 119.8 80.7
Free Cash Flow 326.0 291.2 232.4 177.7
Key Metrics 2025 2024 2023 2022
Income Statement
Revenue 551.5 425.6 283.4 187.6
Gross Profit 177.0 145.1 96.2 60.6
Operating Income 67.3 50.5 32.1 14.7
Net Income 53.8 38.2 25.0 11.3
EPS (Diluted) 1.59 1.29 0.79 0.36
Balance Sheet
Cash & Equivalents 193.5 97.5 118.1 64.7
Total Assets 2,371.4 1,654.2 1,027.9 565.2
Total Debt 146.4 4.3 0 0
Stockholders' Equity 449.3 370.4 192.1 83.4
Cash Flow
Operating Cash Flow 331.6 294.3 236.2 181.6
Capital Expenditure (5.6) (3.1) (3.8) (4.0)
Free Cash Flow 326.0 291.2 232.4 177.7