Filing Flows › Bowhead Specialty Holdings (BOW) › Q2 2026 › vs Q2 2025
Bowhead Specialty Holdings (BOW) Q2 2026 vs Q2 2025 (year over year)
Bowhead Specialty Holdings's revenue rose $30.6M (+23%) from $133M in Q2 2025 to $164M in Q2 2026. Operating margin 12.6% against 11.9% (+0.7 pts).
Bowhead Specialty Holdings, Q2 2026: revenue $164M (+23% year over year), operating margin 12.6%, net earnings $16.1M, operating cash flow $93.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.6% | 11.9% | +0.7 pts |
| Net margin | 9.8% | 9.3% | +0.6 pts |
| Free cash flow margin | 56.5% | 80.6% | -24.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $164M | $133M | $30.6M | +23% |
| Operating profit | $20.7M | $15.9M | $4.7M | +30% |
| Costs & expenses | $143M | $117M | $25.8M | +22% |
| Pre-tax earnings | $20.7M | $15.9M | $4.7M | +30% |
| Net earnings | $16.1M | $12.3M | $3.8M | +31% |
| Income tax | $4.5M | $3.6M | $949K | +27% |
| Depreciation & amortization | $712K | $356K | $356K | +100% |
| Share-based compensation | $2.9M | $137K | $2.8M | 21× |
| Working capital & other | $74.1M | $96.1M | −$22.0M | -23% |
| Operating cash flow | $93.9M | $109M | −$15.1M | -14% |
| Free cash flow (OCF − capex) | $92.5M | $107M | −$14.9M | -14% |
| Capital expenditures | $1.4M | $1.6M | −$206K | -13% |
Questions
How much did Bowhead Specialty Holdings's revenue grow year over year in Q2 2026?
Bowhead Specialty Holdings's revenue rose $30.6M (+23%) from $133M in Q2 2025 to $164M in Q2 2026. Operating margin 12.6% against 11.9% (+0.7 pts).