Filing Flows › Palomar Holdings (PLMR) › Q1 2025
Palomar Holdings (PLMR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Palomar Holdings (PLMR) reported revenue of $175M for the first quarter 2025 (Q1 2025), +47% from a year earlier and +12% from the quarter before. Operating margin was 30.8%, net earnings $42.9M (24.6% of revenue).
Palomar Holdings, Q1 2025: revenue $175M (+47% year over year), operating margin 30.8%, net earnings $42.9M, operating cash flow $87.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | +12% | +47% |
| Operating profit | $53.7M | +19% | +56% |
| Net earnings | $42.9M | +23% | +63% |
| Operating cash flow | $87.2M | +20% | +163% |
| Free cash flow | $87.1M | +20% | +163% |
What changed
Revenue was $174.6M in Q1 2025, up 47% year over year and up 12% from the previous quarter.
Operating profit was $53.7M, a 30.8% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 29% margin then. Total costs grew 44% against revenue growth of 47%. Net earnings were $42.9M, up 63% year over year. The effective tax rate was 20.1%.
Operating cash flow was $87.2M (up 163% year over year), 203% of net earnings. Non-cash charges added back $4.7M of share-based compensation. Working capital and other items added $39.5M. Capital expenditures of $35K left free cash flow of $87.1M.
Questions
What was Palomar Holdings' revenue in the first quarter 2025?
Palomar Holdings (PLMR) reported revenue of $175M for the first quarter 2025 (Q1 2025), +47% from a year earlier and +12% from the quarter before.
Was Palomar Holdings profitable in the first quarter 2025?
Operating profit was $53.7M (30.8% of revenue) and net earnings $42.9M.
Source: Palomar Holdings 10-Q on SEC EDGAR.