Palomar Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $197.1M | $117.6M | $79.2M | $52.2M | $45.8M | $6.3M | $10.6M | $18.2M |
| Depreciation & Amortization | $8.9M | $5.1M | $4.5M | $4.1M | $3.5M | $1.3M | $216.0K | $212.0K |
| Depreciation | $300.0K | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K | $200.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $21.0M | $16.7M | $14.9M | $11.6M | $5.6M | $2.2M | $24.1M | — |
| Net Cash from Operating Activities | $409.1M | $261.2M | $116.1M | $169.6M | $87.8M | $57.5M | $44.5M | $22.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $137.0K | $243.0K | $15.0K | $313.0K | $18.0K | $132.0K | $115.0K | $332.0K |
| Business Acquisitions | $58.6M | $0 | $5.5M | $15.0K | $11.0K | — | — | — |
| Net Cash from Investing Activities | $-354.0M | $-306.2M | $-128.5M | $-156.8M | $-58.2M | $-185.4M | $-83.4M | $-25.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $37.3M | $0 | $22.3M | $34.4M | $15.9M | — | — | — |
| Net Cash from Financing Activities | $-28.8M | $73.8M | $-3.9M | $5.0M | $-13.0M | $128.3M | $62.3M | $1.5M |
| Net Change in Cash | $26.4M | $28.7M | $-16.3M | $17.8M | $16.6M | $437.0K | $23.4M | $-1.0M |
| Free Cash Flow | $409.0M | $260.9M | $116.1M | $169.3M | $87.8M | $57.4M | $44.4M | $22.5M |