Palomar Holdings, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $106.9M | $80.4M | $51.5M | $68.1M | $50.3M | $33.5M | $33.1M | $9.5M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $2.6M | $429.0K | $373.0K | $603.0K | $527.0K | $739.0K | $845.0K | $947.0K |
| Goodwill | $30.5M | $3.8M | $3.8M | $0 | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | $8.3M | $9.5M | $11.5M | $744.0K | $744.0K |
| Total Assets | $3.05B | $2.26B | $1.71B | $1.31B | $925.7M | $729.1M | $395.5M | $231.1M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $2.11B | $1.53B | $1.24B | $921.7M | $531.6M | $365.4M | $176.9M | $134.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $422.0M | $262.2M | $144.6M | $87.7M | $70.0M | $40.0M | $33.9M | $28.4M |
| Total Stockholders' Equity | $942.7M | $729.0M | $471.3M | $384.8M | $394.2M | $363.7M | $218.6M | $96.3M |