Palomar Holdings, Inc. (PLMR)

Palomar Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	405.26	375.93	327.09	247.79	168.46	113.3
Revenue Growth (YoY)	19.84%	14.93%	32.00%	47.09%	48.69%	55.26%
Cost of Revenue	78.78	72.59	78.67	41.46	64.12	5.59
Gross Profit	326.48	303.33	248.41	206.33	104.35	107.7
Selling, General & Admin	207.62	195.92	179.99	149.16	98.13	88.56
Operating Expenses	207.62	195.92	179.99	149.16	98.13	88.56
Operating Income	118.87	107.42	68.42	57.18	6.22	19.15
Interest Expense / Income	3.49	3.78	0.87	0.04	0	1.07
Pretax Income	115.37	103.64	67.55	57.14	6.22	18.08
Income Tax	27.1	24.44	15.38	11.29	-0.03	7.46
Net Income	88.27	79.2	52.17	45.85	6.26	10.62
Net Income Growth	60.65%	51.81%	13.79%	632.73%	-41.09%	-41.70%
Shares Outstanding (Basic)	25	25	25	25	25	22
Shares Outstanding (Diluted)	25	25	26	26	26	22
Shares Change	0.10%	-1.82%	-1.21%	2.01%	17.24%	28.44%
EPS (Basic)	3.56	3.19	2.07	1.80	0.25	0.49
EPS (Diluted)	3.49	3.13	2.02	1.76	0.24	0.49
EPS Growth	62.33%	54.95%	14.77%	633.33%	-51.02%	-54.21%
Free Cash Flow	125.39	109.35	163.65	82.96	53.42	41.59
Free Cash Flow Per Share	5.04	4.41	6.48	3.26	2.15	1.93
Gross Margin	80.56%	80.69%	75.95%	83.27%	61.94%	95.06%
Operating Margin	29.33%	28.57%	20.92%	23.08%	3.69%	16.90%
Profit Margin	21.78%	21.07%	15.95%	18.50%	3.71%	9.37%
Free Cash Flow Margin	30.94%	29.09%	50.03%	33.48%	31.71%	36.70%
Effective Tax Rate	23.49%	23.58%	22.77%	19.76%	-0.55%	41.25%
EBITDA	123.37	111.92	72.54	60.72	7.56	19.36
EBITDA Margin	30.44%	29.77%	22.18%	24.51%	4.49%	17.09%
Depreciation & Amortization	4.5	4.5	4.12	3.54	1.34	0.22
EBIT	118.87	107.42	68.42	57.18	6.22	19.15
EBIT Margin	29.33%	28.57%	20.92%	23.08%	3.69%	16.90%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).