Filing Flows › Palomar Holdings (PLMR) › Q2 2025
Palomar Holdings (PLMR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Palomar Holdings (PLMR) reported revenue of $203M for the second quarter 2025 (Q2 2025), +55% from a year earlier and +16% from the quarter before. Operating margin was 29.5%, net earnings $46.5M (22.9% of revenue).
Palomar Holdings, Q2 2025: revenue $203M (+55% year over year), operating margin 29.5%, net earnings $46.5M, operating cash flow $121M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $203M | +16% | +55% |
| Operating profit | $59.9M | +11% | +79% |
| Net earnings | $46.5M | +8% | +81% |
| Operating cash flow | $121M | +39% | +119% |
| Free cash flow | $121M | +39% | +119% |
What changed
Revenue was $203.3M in Q2 2025, up 55% year over year and up 16% from the previous quarter.
Operating profit was $59.9M, a 29.5% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 25% margin then. Total costs grew 47% against revenue growth of 55%. Net earnings were $46.5M, up 81% year over year. The effective tax rate was 22.3%.
Operating cash flow was $120.9M (up 119% year over year), 260% of net earnings. Non-cash charges added back $5.3M of share-based compensation. Working capital and other items added $69.0M. Capital expenditures of $29K left free cash flow of $120.8M.
Questions
What was Palomar Holdings' revenue in the second quarter 2025?
Palomar Holdings (PLMR) reported revenue of $203M for the second quarter 2025 (Q2 2025), +55% from a year earlier and +16% from the quarter before.
Was Palomar Holdings profitable in the second quarter 2025?
Operating profit was $59.9M (29.5% of revenue) and net earnings $46.5M.
Source: Palomar Holdings 10-Q on SEC EDGAR.