Palomar Holdings (PLMR) Q2 FY2026 earnings: revenue $314 million, up 54.7% on the year

Palomar Holdings, Inc. (PLMR) reported revenue of $314 million for Q2 FY2026, the quarter ended 30 June 2026, up 54.7% on the same quarter a year earlier. Net income was $53 million, up 13.0% on the year, and diluted earnings per share $1.94. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$314 millionup 54.7%

Net income$53 millionup 13.0%

Diluted EPS$1.94

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	314	279	203	+54.7%
Operating income	69.8	53.5	59.9	+16.6%
Operating margin	22.2%	19.2%	29.5%
Interest expense	4.9	3.2	0.1	+5652.3%
Pre-tax income	69.8	53.5	59.9	+16.6%
Income tax	17.2	10.5	13.4	+28.9%
Effective tax rate	24.7%	19.7%	22.3%
Net income	52.6	42.9	46.5	+13.0%
Net margin	16.7%	15.4%	22.9%
Diluted EPS	$1.94	$1.57	$1.68	+15.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	167	47.0	121	+38.3%
Capital expenditure	0.4	0.0	0.0	+1334.5%
Free cash flow	167	47.0	121	+38.0%
Free cash flow margin	53.0%	16.9%	59.4%
Cash from investing	-120	-373	-161	n/a
Cash from financing	-41.3	276	1.9	n/a
Share-based compensation	7.4	8.8	5.3	+39.1%
Buybacks	41.0	23.1	0.0	n/a
Diluted shares, weighted	27m	27m	28m	-2.1%
Shares outstanding at period end	26m	27m	27m	-2.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	981	959	847	+15.8%
Debt	296	297	n/a	n/a
Other liabilities	2,687	2,356	1,985	+35.4%
Total liabilities and equity	3,964	3,612	2,832	+40.0%
Fixed assets	2.7	2.3	2.9	-9.0%
Goodwill	16.1	n/a	n/a	n/a
Intangible assets	93.8	n/a	n/a	n/a
Securities held for sale or to maturity	1,503	1,410	1,113	+35.0%
Cash and equivalents	62.7	56.5	81.3	-22.9%
Other assets	2,286	2,144	1,635	+39.8%
Total assets	3,964	3,612	2,832	+40.0%

Questions

What was Palomar Holdings' revenue in Q2 FY2026?

Palomar Holdings (PLMR) reported revenue of $314 million for Q2 FY2026, the quarter ended 30 June 2026, up 54.7% on the same quarter a year earlier.

How much did Palomar Holdings earn in Q2 FY2026?

Net income for Q2 FY2026 was $53 million, up 13.0% on the year, and diluted earnings per share $1.94.

When did Palomar Holdings report Q2 FY2026 results?

Palomar Holdings filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 5 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	90.9	105	119	131	149	156	175	203	245	253	279	314
Operating income	24.5	33.5	34.4	33.4	38.5	45.0	53.7	59.9	67.1	72.7	53.5	69.8
Operating margin	27%	32%	29%	25%	26%	29%	31%	29%	27%	29%	19%	22%
Interest expense	0.9	0.8	0.7	0.2	0.1	0.1	0.1	0.1	0.1	0.1	3.2	4.9
Pre-tax income	24.5	33.5	34.4	33.4	38.5	45.0	53.7	59.9	67.1	72.7	53.5	69.8
Tax rate	25%	23%	23%	23%	21%	22%	20%	22%	23%	23%	20%	25%
Net income	18.4	25.9	26.4	25.7	30.5	35.0	42.9	46.5	51.5	56.2	42.9	52.6
Net margin	20%	25%	22%	20%	21%	22%	25%	23%	21%	22%	15%	17%
Diluted EPS	$0.73	$1.02	$1.04	$1.00	$1.15	$1.29	$1.57	$1.68	$1.87	$2.06	$1.57	$1.94
Operating cash flow	70.6	22.3	33.1	55.1	100	72.6	87.2	121	83.6	117	47.0	167
Capital expenditure	n/a	n/a	0.0	0.0	0.2	0.0	0.0	0.0	0.1	0.0	0.0	0.4
Free cash flow	n/a	n/a	33.1	55.1	100	72.6	87.1	121	83.6	117	47.0	167
Buybacks	6.6	0.1	0.0	0.0	0.0	0.0	0.0	0.0	37.3	0.0	23.1	41.0
Shares outstanding	25m	25m	25m	25m	26m	27m	27m	27m	26m	27m	27m	26m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 5 August 2026, accession 0001193125-26-335508: the filing on EDGAR. All of Palomar Holdings, Inc.'s filings: EDGAR company page.

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