Skyward Specialty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	885.97	642.42	550.18	451.97
Revenue Growth (YoY)	37.91%	16.77%	21.73%	-
Cost of Revenue	515.24	402.51	354.41	362.18
Gross Profit	370.73	239.91	195.77	89.79
Selling, General & Admin	243.44	182.17	138.5	119.82
Other Operating Expenses	7.16	1.55	4.34	58.97
Operating Expenses	250.61	183.72	142.84	178.79
Operating Income	120.13	56.19	52.93	-89
Interest Expense / Income	10.02	6.41	4.62	5.53
Pretax Income	110.1	49.78	48.31	-94.53
Income Tax	24.12	10.39	9.99	-19.89
Net Income	85.98	39.4	38.32	-74.64
Preferred Dividends	1.68	18.88	18.51	0
Net Income Common	84.31	20.52	19.81	-74.64
Net Income Growth	310.91%	3.57%	-	-
Shares Outstanding (Basic)	36	17	16	16
Shares Outstanding (Diluted)	38	33	32	16
Shares Change	17.35%	0.57%	100.25%	-
EPS (Basic)	2.34	1.24	1.21	-4.60
EPS (Diluted)	2.24	1.21	1.18	-4.60
EPS Growth	85.12%	2.54%	-	-
Free Cash Flow	335.08	206.61	173.13	42.64
Free Cash Flow Per Share	9.30	12.47	10.62	2.63
Gross Margin	41.84%	37.34%	35.58%	19.87%
Operating Margin	13.56%	8.75%	9.62%	-19.69%
Profit Margin	9.52%	3.19%	3.60%	-16.51%
Free Cash Flow Margin	37.82%	32.16%	31.47%	9.43%
Effective Tax Rate	21.91%	20.86%	20.68%	-
EBITDA	124.02	60.29	58.53	-83.02
EBITDA Margin	14.00%	9.38%	10.64%	-18.37%
Depreciation & Amortization	3.89	4.1	5.6	5.99
EBIT	120.13	56.19	52.93	-89
EBIT Margin	13.56%	8.75%	9.62%	-19.69%

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).