Filing Flows › Bowhead Specialty Holdings (BOW) › Q3 2026 › vs Q3 2025
Bowhead Specialty Holdings (BOW) Q3 2026 vs Q3 2025 (year over year)
Bowhead Specialty Holdings's revenue rose $27.8M (+19%) from $144M in Q3 2025 to $172M in Q3 2026. Operating margin 9.3% against 13.3% (-4.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.3% | 13.3% | -4.0 pts |
| Net margin | 7.5% | 10.5% | -3.0 pts |
| Free cash flow margin | 111.4% | 78.8% | +32.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $172M | $144M | $27.8M | +19% |
| Operating profit | $15.9M | $19.1M | −$3.2M | -17% |
| Costs & expenses | $156M | $125M | $31.0M | +25% |
| Pre-tax earnings | $15.9M | $19.1M | −$3.2M | -17% |
| Net earnings | $12.9M | $15.2M | −$2.2M | -15% |
| Income tax | $3.0M | $3.9M | −$962K | -24% |
| Depreciation & amortization | $785K | $462K | $323K | +70% |
| Share-based compensation | $2.9M | $2.0M | $898K | +46% |
| Working capital & other | $176M | $97.1M | $78.8M | +81% |
| Operating cash flow | $193M | $115M | $77.8M | +68% |
| Free cash flow (OCF − capex) | $191M | $113M | $77.8M | +69% |
| Capital expenditures | $1.3M | $1.3M | $0 | 0% |
Questions
How much did Bowhead Specialty Holdings's revenue grow year over year in Q3 2026?
Bowhead Specialty Holdings's revenue rose $27.8M (+19%) from $144M in Q3 2025 to $172M in Q3 2026. Operating margin 9.3% against 13.3% (-4.0 pts).