Palomar Holdings, Inc. (PLMR) Income Statement
PLMR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPLMR revenue and net income
Where PLMR's revenue goes
2025Each bar shows an amount and its share of revenue. PLMR kept 22.5% of revenue as net income.
PLMR profit margins
PLMR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +58.2% | +38.9% | +39.1% | — |
| Gross profit | +140.3% | +67.5% | +74.2% | — |
| Operating income | +67.6% | +55.4% | +109.9% | — |
| Net income | +67.6% | +55.7% | +99.4% | — |
| EPS (diluted) | +54.8% | +46.2% | +84.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PLMR quarterly EPS vs estimates
Palomar beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.45).
PLMR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $876.0M | $553.9M | $375.9M | $327.1M | $247.8M | $168.5M | $113.3M | $73.0M | $59.5M | $42.7M |
| Cost of revenue | $228.6M | $284.4M | $180.3M | $189.4M | $136.9M | $128.2M | $42.9M | $34.5M | $37.6M | $24.6M |
| Gross profit | $647.4M | $269.4M | $195.6M | $137.6M | $110.9M | $40.3M | $70.4M | $38.5M | $21.8M | $18.1M |
| Total operating expenses | $394.0M | $118.3M | $91.9M | $70.1M | $53.8M | $34.1M | $52.4M | $20.3M | $16.9M | $11.8M |
| Operating income | $253.4M | $151.2M | $103.6M | $67.6M | $57.1M | $6.2M | $18.1M | $18.2M | $4.9M | $6.3M |
| Interest income | $57.0M | $36.5M | $21.6M | $14.4M | $9.6M | $9.0M | $6.3M | $3.5M | $2.4M | $1.9M |
| Interest expense | $392,000 | $1.1M | $3.8M | $873,000 | $40,000 | $0 | $1.1M | $2.3M | $1.7M | $1.6M |
| Income before taxes | $253.4M | $151.2M | $103.6M | $67.6M | $57.1M | $6.2M | $18.1M | $18.2M | $4.9M | $6.3M |
| Income taxes | $56.3M | $33.6M | $24.4M | $15.4M | $11.3M | −$34,000 | $7.5M | −$6,000 | $1.1M | −$337,000 |
| Net income | $197.1M | $117.6M | $79.2M | $52.2M | $45.8M | $6.3M | $10.6M | $18.2M | $3.8M | $6.6M |
| EBITDA | $262.7M | $157.4M | $111.9M | $72.5M | $60.7M | $7.6M | $19.4M | $20.7M | $6.8M | $8.0M |
| EPS (diluted) | $7.88 | $5.09 | $3.69 | $2.52 | $2.05 | $0.37 | $1.76 | $0.31 | $0.22 | — |
| Gross margin | 73.9% | 48.6% | 52.0% | 42.1% | 44.8% | 23.9% | 62.2% | 52.7% | 36.7% | 42.3% |
| Operating margin | 28.9% | 27.3% | 27.6% | 20.7% | 23.1% | 3.7% | 16.0% | 25.0% | 8.3% | 14.7% |
| Net margin | 22.5% | 21.2% | 21.1% | 15.9% | 18.5% | 3.7% | 9.4% | 25.0% | 6.4% | 15.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $314.4M | $278.9M | $253.4M | $244.7M | $201.0M | $174.6M | $155.6M | $148.4M | $131.3M | $118.5M | $105.4M | $91.0M |
| Cost of revenue | $170.2M | $87.1M | $70.9M | $129.1M | $97.8M | $85.2M | $77.8M | $81.8M | $66.2M | $58.6M | $46.9M | $43.1M |
| Gross profit | $144.2M | $191.8M | $182.5M | $115.6M | $103.2M | $89.4M | $77.9M | $66.6M | $65.1M | $59.9M | $58.5M | $47.9M |
| Total operating expenses | $74.4M | $138.4M | $109.8M | $48.4M | $43.3M | $35.7M | $32.9M | $28.1M | $31.7M | $25.5M | $25.0M | $23.3M |
| Operating income | $69.8M | $53.5M | $72.7M | $67.1M | $59.9M | $53.7M | $45.0M | $38.5M | $33.4M | $34.4M | $33.5M | $24.5M |
| Interest income | $20.5M | $18.3M | $16.4M | $14.8M | $13.6M | $12.3M | $11.5M | $9.6M | $7.9M | $7.5M | $7.2M | $6.2M |
| Interest expense | $4.9M | $3.2M | $88,000 | $133,000 | $86,000 | $85,000 | $86,000 | $87,000 | $225,000 | $740,000 | $823,000 | $867,000 |
| Income before taxes | $69.8M | $53.5M | $72.7M | $67.1M | $59.9M | $53.7M | $45.0M | $38.5M | $33.4M | $34.4M | $33.5M | $24.5M |
| Income taxes | $17.2M | $10.5M | $16.5M | $15.7M | $13.4M | $10.8M | $10.0M | $8.0M | $7.6M | $8.0M | $7.6M | $6.1M |
| Net income | $52.6M | $42.9M | $56.2M | $51.5M | $46.5M | $42.9M | $35.0M | $30.5M | $25.7M | $26.4M | $25.9M | $18.4M |
| EBITDA | $83.9M | $56.6M | $78.3M | $68.6M | $61.3M | $54.5M | $45.0M | $38.6M | $33.6M | $35.1M | $37.5M | $25.4M |
| EPS (diluted) | $2.11 | $2.31 | $2.24 | $2.01 | $1.76 | $1.87 | $1.52 | $1.23 | $1.25 | $1.09 | $1.11 | $0.92 |
| Gross margin | 45.9% | 68.8% | 72.0% | 47.2% | 51.3% | 51.2% | 50.0% | 44.9% | 49.6% | 50.5% | 55.5% | 52.6% |
| Operating margin | 22.2% | 19.2% | 28.7% | 27.4% | 29.8% | 30.8% | 28.9% | 26.0% | 25.4% | 29.0% | 31.7% | 27.0% |
| Net margin | 16.7% | 15.4% | 22.2% | 21.0% | 23.1% | 24.6% | 22.5% | 20.6% | 19.6% | 22.3% | 24.6% | 20.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PLMR's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PLMR financial results
In fiscal year 2025 (ended December 31, 2025), Palomar reported revenue of $876.0 million, up 58.2% from the year before. It had net income of $197.1 million (up 67.6%), a net profit margin of 22.5%. Diluted earnings per share came to $7.88. Over five years revenue grew at an average rate of 39.1% a year.
See the PLMR stock overview for the latest quote and news, or the PLMR chart for price history and technical indicators.
PLMR income statement FAQ
What is Palomar's annual revenue?
Palomar reported total revenue of $876.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 58.2% from $553.9 million the previous year.
Is Palomar profitable?
Yes. Palomar reported net income of $197.1 million in fiscal 2025, a net profit margin of 22.5%; its operating margin was 28.9%.
What is Palomar's gross margin?
Palomar's gross margin was 73.9% in fiscal 2025: for every $100 of revenue, Palomar kept $74 after the direct cost of its products and services.
How fast is Palomar growing?
Revenue grew 39.1% a year on average over the last five fiscal years, from $168.5 million to $876.0 million.
What are Palomar's earnings per share?
Palomar earned $7.88 per diluted share in fiscal 2025, compared with $5.09 a year earlier.
When will Palomar report its next earnings?
Palomar is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Palomar's fiscal year end?
Palomar's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.