Palomar Financial Statements
NASDAQ: PLMRFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Palomar revenue and earnings
In fiscal 2025, Palomar generated $876.0 million in revenue, up 58.2% from fiscal 2024, its 8th consecutive year of revenue growth. Net income was $197.1 million (+67.6% year over year), for a net margin of 22.5% versus a median of 18.5% in the prior 5 years. Diluted earnings per share came in at $7.17, up from $4.48.
Over the last 5 fiscal years, PLMR's revenue has grown at a 39.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Palomar income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 875.97M | 553.86M | 375.93M | 327.09M | 247.79M | 168.46M | 113.30M | 72.97M | 59.47M |
| Revenue growth (YoY) | +58.16% | +47.33% | +14.93% | +32.00% | +47.09% | +48.69% | +55.26% | +22.71% | — |
| Operating Expenses | 622.58M | 402.67M | 272.28M | 259.54M | 190.65M | 162.24M | 95.22M | 54.76M | 54.54M |
| Interest Expense | 392.00K | 1.14M | 3.77M | 873.00K | 40.00K | — | 1.07M | 2.30M | 1.75M |
| Pretax Income | 253.39M | 151.20M | 103.64M | 67.55M | 57.14M | 6.22M | 18.08M | 18.21M | 4.93M |
| Income Tax | 56.32M | 33.62M | 24.44M | 15.38M | 11.29M | -34.00K | 7.46M | -6.00K | 1.15M |
| Net Income | 197.07M | 117.57M | 79.20M | 52.17M | 45.85M | 6.26M | 10.62M | 18.22M | 3.78M |
| Net Income growth (YoY) | +67.62% | +48.45% | +51.81% | +13.79% | +632.73% | -41.09% | -41.70% | +381.60% | — |
| EPS (Basic) | 7.40 | 4.61 | 3.19 | 2.07 | 1.80 | 0.25 | 0.49 | 1.07 | 0.22 |
| EPS (Diluted) | 7.17 | 4.48 | 3.13 | 2.02 | 1.76 | 0.24 | 0.49 | 1.07 | 0.22 |
| Shares Outstanding (Basic) | 26.64M | 25.52M | 24.82M | 25.24M | 25.46M | 24.87M | 21.50M | 17.00M | 17.00M |
| Shares Outstanding (Diluted) | 27.49M | 26.22M | 25.33M | 25.80M | 26.11M | 25.60M | 21.83M | 17.00M | 17.00M |
| Net Margin | 22.50% | 21.23% | 21.07% | 15.95% | 18.50% | 3.71% | 9.37% | 24.97% | 6.36% |
This table shows 9 annual periods of Palomar's income statement, from FY 2025 back to FY 2017, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow PLMR's reporting calendar. What is a income statement?