Bowhead Specialty Holdings Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $53.8M | $38.2M | $25.0M | $11.3M |
| Depreciation & Amortization | $1.8M | $3.9M | $2.3M | $727.0K |
| Depreciation | $1.8M | $3.9M | $2.3M | $700.0K |
| Amortization | — | — | — | — |
| Stock-Based Compensation | $7.2M | $4.1M | $683.0K | $368.0K |
| Net Cash from Operating Activities | $331.6M | $294.3M | $236.2M | $181.6M |
| Investing Activities | ||||
| Capital Expenditures | $5.6M | $3.1M | $3.8M | $4.0M |
| Business Acquisitions | — | — | — | — |
| Net Cash from Investing Activities | $-464.4M | $-325.9M | $-274.8M | $-187.5M |
| Financing Activities | ||||
| Dividends Paid | — | — | — | — |
| Stock Repurchases | — | — | — | — |
| Net Cash from Financing Activities | $144.5M | $133.9M | $77.7M | $-1.0M |
| Net Change in Cash | $11.7M | $102.3M | $39.1M | $-6.8M |
| Free Cash Flow | $326.0M | $291.2M | $232.4M | $177.7M |