Palomar Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	375.93	327.09	247.79	168.46	113.3	72.97	59.47	42.7
Revenue Growth (YoY)	14.93%	32.00%	47.09%	48.69%	55.26%	22.71%	39.28%	-
Cost of Revenue	72.59	78.67	41.46	64.12	5.59	6.27	12.13	7.29
Gross Profit	303.33	248.41	206.33	104.35	107.7	66.7	47.34	35.4
Selling, General & Admin	195.92	179.99	149.16	98.13	88.56	46.18	40.67	27.49
Operating Expenses	195.92	179.99	149.16	98.13	88.56	46.18	40.67	27.49
Operating Income	107.42	68.42	57.18	6.22	19.15	20.52	6.67	7.91
Interest Expense / Income	3.78	0.87	0.04	0	1.07	2.3	1.75	1.63
Pretax Income	103.64	67.55	57.14	6.22	18.08	18.21	4.93	6.28
Income Tax	24.44	15.38	11.29	-0.03	7.46	-0.01	1.15	-0.34
Net Income	79.2	52.17	45.85	6.26	10.62	18.22	3.78	6.61
Net Income Growth	51.81%	13.79%	632.73%	-41.09%	-41.70%	381.60%	-42.80%	-
Shares Outstanding (Basic)	25	25	25	25	22	17	17	17
Shares Outstanding (Diluted)	25	26	26	26	22	17	17	17
Shares Change	-1.82%	-1.21%	2.01%	17.24%	28.44%	-	-	-
EPS (Basic)	3.19	2.07	1.80	0.25	0.49	1.07	0.22	0.39
EPS (Diluted)	3.13	2.02	1.76	0.24	0.49	1.07	0.22	0.39
EPS Growth	54.95%	14.77%	633.33%	-51.02%	-54.21%	386.36%	-43.59%	-
Free Cash Flow	109.35	163.65	82.96	53.42	41.59	22.48	20.18	14.93
Free Cash Flow Per Share	4.41	6.48	3.26	2.15	1.93	1.32	1.19	0.88
Gross Margin	80.69%	75.95%	83.27%	61.94%	95.06%	91.40%	79.61%	82.92%
Operating Margin	28.57%	20.92%	23.08%	3.69%	16.90%	28.12%	11.22%	18.53%
Profit Margin	21.07%	15.95%	18.50%	3.71%	9.37%	24.97%	6.36%	15.49%
Free Cash Flow Margin	29.09%	50.03%	33.48%	31.71%	36.70%	30.80%	33.94%	34.97%
Effective Tax Rate	23.58%	22.77%	19.76%	-0.55%	41.25%	-0.03%	23.23%	-5.37%
EBITDA	111.92	72.54	60.72	7.56	19.36	20.73	6.83	8
EBITDA Margin	29.77%	22.18%	24.51%	4.49%	17.09%	28.41%	11.49%	18.73%
Depreciation & Amortization	4.5	4.12	3.54	1.34	0.22	0.21	0.16	0.09
EBIT	107.42	68.42	57.18	6.22	19.15	20.52	6.67	7.91
EBIT Margin	28.57%	20.92%	23.08%	3.69%	16.90%	28.12%	11.22%	18.53%

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).