Filing Flows › Bowhead Specialty Holdings (BOW) › Q3 2026 › vs Q2 2026
Bowhead Specialty Holdings (BOW) Q3 2026 vs Q2 2026 (quarter over quarter)
Bowhead Specialty Holdings's revenue rose $7.9M (+5%) from $164M in Q2 2026 to $172M in Q3 2026. Operating margin 9.3% against 12.6% (-3.3 pts).
Bowhead Specialty Holdings, Q3 2026: revenue $172M (+19% year over year), operating margin 9.3%, net earnings $12.9M, operating cash flow $193M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.3% | 12.6% | -3.3 pts |
| Net margin | 7.5% | 9.8% | -2.3 pts |
| Free cash flow margin | 111.4% | 56.5% | +54.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $172M | $164M | $7.9M | +5% |
| Operating profit | $15.9M | $20.7M | −$4.8M | -23% |
| Costs & expenses | $156M | $143M | $12.7M | +9% |
| Pre-tax earnings | $15.9M | $20.7M | −$4.8M | -23% |
| Net earnings | $12.9M | $16.1M | −$3.2M | -20% |
| Income tax | $3.0M | $4.5M | −$1.6M | -34% |
| Depreciation & amortization | $785K | $712K | $73K | +10% |
| Share-based compensation | $2.9M | $2.9M | −$57K | -2% |
| Working capital & other | $176M | $74.1M | $102M | +137% |
| Operating cash flow | $193M | $93.9M | $98.7M | +105% |
| Free cash flow (OCF − capex) | $191M | $92.5M | $98.8M | +107% |
| Capital expenditures | $1.3M | $1.4M | −$94K | -7% |
Questions
How much did Bowhead Specialty Holdings's revenue grow quarter over quarter in Q3 2026?
Bowhead Specialty Holdings's revenue rose $7.9M (+5%) from $164M in Q2 2026 to $172M in Q3 2026. Operating margin 9.3% against 12.6% (-3.3 pts).