Filing Flows › Bowhead Specialty Holdings (BOW) › Q2 2026
Bowhead Specialty Holdings (BOW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Bowhead Specialty Holdings (BOW) reported revenue of $164M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +5% from the quarter before. Operating margin was 12.6%, net earnings $16.1M (9.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +5% | +23% |
| Operating profit | $20.7M | +0.4% | +30% |
| Net earnings | $16.1M | +0.8% | +31% |
| Operating cash flow | $93.9M | +43% | -14% |
| Free cash flow | $92.5M | +44% | -14% |
What changed
Revenue was $163.9M in Q2 2026, up 23% year over year and up 5% from the previous quarter.
Operating profit was $20.7M, a 12.6% margin (up 0.7 points year over year). Of the extra revenue versus Q2 2025, 16% reached operating profit, above the 12% margin then. Total costs grew 22% against revenue growth of 23%. Net earnings were $16.1M, up 31% year over year. The effective tax rate was 21.9%.
Operating cash flow was $93.9M (down 14% year over year), 582% of net earnings. Non-cash charges added back $712K of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $74.1M. Capital expenditures of $1.4M left free cash flow of $92.5M.
Questions
What was Bowhead Specialty Holdings' revenue in the second quarter 2026?
Bowhead Specialty Holdings (BOW) reported revenue of $164M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +5% from the quarter before.
Was Bowhead Specialty Holdings profitable in the second quarter 2026?
Operating profit was $20.7M (12.6% of revenue) and net earnings $16.1M.