BOW
Bowhead Specialty Holdings Inc.
Next earnings Aug 3, 2026 · consensus $0.48 EPS, $163M rev
Last earnings +7.7% on 2026-05-05
$29.77
▲ +5.34%$29.77▼ -20.08%
over 1Y
L $21.44EODHDH $37.53
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.3%
1W+8.1%
1M+10.3%
3M+37.4%
YTD+8.5%
1Y-20.1%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 12 analysts
Buy
Specialty E&S underwriter compounding revenue ~30%/yr with expanding ROE, trading at a reasonable 18x earnings.
Revenue $552M · FY2025
The read
Quality fundamentals and an attractive price line up (~103% below fair value) — the rarer case where both the business and the entry look good.
Bowhead is a young, fast-growing specialty P&C insurer operating in the E&S market through a craft + digital (Baleen/express) model, and the numbers reflect a business firing on all cylinders: revenue has nearly tripled from $188M in FY2022 to $552M in FY2025 (+29.6% YoY), with net income compounding even faster from $11.3M to $53.8M (+40.6% YoY). Diluted EPS grew 23.3% to $1.59, and ROE landed at a respectable 12.0% — solid for an insurer still in scale-up mode. Operating cash flow of $332M (~6x net income) reflects the float dynamics of a growing premium book, and cash on the balance sheet nearly doubled to $194M, giving meaningful flexibility against just $146M in long-term debt.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $188M | $283M | $426M | $552M |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $11.3M | $25.0M | $38.2M | $53.8M |
| Diluted EPS | $0.47 | $1.04 | $1.29 | $1.59 |
| Net margin | 6.0% | 8.8% | 9.0% | 9.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF3.0
PEG (trailing)0.46
Earnings yield5.5%
FCF yield33.4%
Quality & risk
ROIC (est.)—
Free cash flow$326M
Total debt$146M
Net cash$47.1M
Piotroski F-Score3/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+0.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Material agreement2026-05-05
Q1 2026 10-Q extending FY2025's profitable growth trajectory
- 10-Q Quarterly report2026-05-05
Q1 2026 10-Q extending FY2025's profitable growth trajectory
- DEF 14A Proxy statement2026-03-16
2026 annual proxy: routine board/auditor/comp votes
- 8-K Earnings results2026-02-24
FY2025 10-K: rev $552M (+30%), NI $54M (+41%), EPS $1.59
- 10-K Annual report2026-02-24
FY2025 10-K: rev $552M (+30%), NI $54M (+41%), EPS $1.59
- 8-K Material agreement2025-12-01
Entered material agreement creating new direct financial obligation (debt)
- 8-K Agreement terminated2025-11-25
Material agreement entered and prior agreement terminated
- 8-K Earnings results2025-11-04
Q3 2025 10-Q: continued specialty P&C premium growth
- 10-Q Quarterly report2025-11-04
Q3 2025 10-Q: continued specialty P&C premium growth
Recent filings
all on EDGAR ↗4/APeriod ending 2026-05-222026-05-27open ↗4/APeriod ending 2026-05-232026-05-27open ↗4/APeriod ending 2026-05-232026-05-27open ↗4/APeriod ending 2026-05-232026-05-27open ↗4Period ending 2026-05-232026-05-27open ↗4Period ending 2026-05-232026-05-26open ↗4Period ending 2026-05-232026-05-26open ↗4Period ending 2026-05-222026-05-26open ↗10-QPeriod ending 2026-03-312026-05-05open ↗8-KPeriod ending 2026-04-302026-05-05open ↗4Period ending 2026-04-302026-05-04open ↗4Period ending 2026-04-302026-05-04open ↗
Frequently asked
- Is Bowhead Specialty Holdings Inc. (BOW) a buy?
- BOW currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Specialty E&S underwriter compounding revenue ~30%/yr with expanding ROE, trading at a reasonable 18x earnings.
- What is BOW's fair value?
- A Modified-Graham model based on BOW's SEC fundamentals estimates a fair value of about $60.42. It is an estimate from reported earnings, not a price target.
- Is BOW overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BOW currently appears undervalued relative to its SEC-grounded earnings power.
- What is Bowhead Specialty Holdings Inc.'s quality score?
- BOW scores 78.73529411764704/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0002002473, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 2:37:11 PM.
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