Skyward Specialty Insurance Group, Inc. (SKWD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 395.71M | 385.73M | 382.18M | 320.8M | 330.51M | 304.47M | 302.03M | 277.3M | 263.87M | 248.96M | 239.23M | 212.63M | 194.59M | 188.97M | 161.95M | 142.05M | 143.46M | 145.09M | 135.18M | 129.42M |
| Revenue Growth % | 19.73% | 26.69% | 26.54% | 15.69% | 25.26% | 22.3% | 26.25% | 30.42% | 35.6% | 31.75% | 47.71% | 49.68% | 35.65% | 30.25% | 19.8% | 9.76% | 13.73% | 29.57% | 20.73% | 15.58% |
| Medical Costs & Claims | 265.22M | 269.72M | 263.02M | 225.9M | 231.8M | 241.02M | 207.89M | 194.99M | 175.89M | 167.47M | 172.61M | 147.54M | 136.13M | 129.16M | 129.13M | 106.52M | 103.41M | 120.99M | 101.15M | -4.53M |
| Medical Cost Ratio % | 67.02% | 69.93% | 68.82% | 70.42% | 70.13% | 79.16% | 68.83% | 70.32% | 66.66% | 67.27% | 72.15% | 69.39% | 69.96% | 68.35% | 79.73% | 74.98% | 72.08% | 83.39% | 74.82% | -3.5% |
| Gross Profit | 130.49M | 116M | 119.16M | 94.9M | 98.72M | 63.45M | 94.15M | 82.31M | 87.98M | 81.49M | 66.62M | 65.08M | 58.46M | 59.81M | 32.83M | 35.53M | 40.05M | 24.1M | 34.04M | 133.96M |
| Gross Margin % | 32.98% | 30.07% | 31.18% | 29.58% | 29.87% | 20.84% | 31.17% | 29.68% | 33.34% | 32.73% | 27.85% | 30.61% | 30.04% | 31.65% | 20.27% | 25.02% | 27.92% | 16.61% | 25.18% | 103.5% |
| Gross Profit Growth % | 32.18% | 82.82% | 26.57% | 15.29% | 12.2% | -22.13% | 41.32% | 26.47% | 50.5% | 36.25% | 102.93% | 83.16% | 45.98% | 148.19% | -3.55% | -73.47% | -70.1% | -78.48% | -69.6% | 19.63% |
| Operating Expenses | 68.41M | 61.36M | 58.61M | 45.11M | 47.28M | 44.9M | 47.29M | 41.96M | 41M | 43.92M | 38.83M | 40.07M | 38.74M | 33.85M | 35.95M | 29.18M | 19.47M | 22.46M | 21.49M | 115.34M |
| OpEx / Revenue % | 17.29% | 15.91% | 15.34% | 14.06% | 14.31% | 14.75% | 15.66% | 15.13% | 15.54% | 17.64% | 16.23% | 18.84% | 19.91% | 17.91% | 22.2% | 20.54% | 13.57% | 15.48% | 15.89% | 89.12% |
| Depreciation & Amortization | 8.84M | 472K | 455K | 372K | 337K | 908K | 351K | 360K | 388K | 2.56M | 463K | 486K | 387K | 387K | 387K | 386K | 387K | 387K | 391K | 394K |
| Combined Ratio % | 84.31% | 85.83% | 84.16% | 84.48% | 84.44% | 93.91% | 84.49% | 85.45% | 82.2% | 84.91% | 88.38% | 88.23% | 89.87% | 86.26% | 101.93% | 95.52% | 85.65% | 98.87% | 90.72% | 85.61% |
| Operating Income | 62.08M | 54.65M | 60.55M | 49.8M | 51.44M | 18.55M | 46.85M | 40.35M | 46.98M | 37.57M | 27.8M | 25.02M | 19.72M | 25.96M | -3.12M | 6.36M | 20.58M | 1.64M | 12.55M | 18.33M |
| Operating Margin % | 15.69% | 14.17% | 15.84% | 15.52% | 15.56% | 6.09% | 15.51% | 14.55% | 17.8% | 15.09% | 11.62% | 11.77% | 10.13% | 13.74% | -1.93% | 4.48% | 14.35% | 1.13% | 9.28% | 14.16% |
| Operating Income Growth % | 20.69% | 194.53% | 29.23% | 23.39% | 9.49% | -50.61% | 68.57% | 61.32% | 138.2% | 44.7% | 991.44% | 293.52% | -4.17% | 1487.04% | -124.84% | -65.32% | 17.8% | 107.35% | 156.4% | 182.39% |
| EBITDA | 70.92M | 55.12M | 61M | 50.17M | 51.77M | 19.46M | 47.2M | 40.72M | 47.37M | 40.12M | 28.26M | 25.5M | 20.11M | 26.35M | -2.73M | 6.74M | 20.97M | 2.02M | 12.94M | 18.73M |
| EBITDA Margin % | 17.92% | 14.29% | 15.96% | 15.64% | 15.66% | 6.39% | 15.63% | 14.68% | 17.95% | 16.12% | 11.81% | 11.99% | 10.33% | 13.94% | -1.69% | 4.75% | 14.62% | 1.39% | 9.57% | 14.47% |
| Interest Expense | 7.72M | 2.29M | 1.92M | 1.88M | 1.83M | 2.09M | 2.23M | 2.45M | 2.73M | 2.77M | 2.63M | 2.47M | 2.15M | 2.13M | 1.74M | 1.36M | 1.18M | 1.16M | 1.16M | 1.16M |
| Non-Operating Income | -7.72M | -2.29M | -1.92M | -1.88M | -1.83M | -2.09M | -2.23M | -2.45M | -2.73M | -2.77M | -2.63M | -2.47M | -2.15M | -2.13M | -1.74M | -1.36M | -1.18M | -1.16M | -1.16M | 1.94M |
| Pretax Income | 62.08M | 54.65M | 60.55M | 49.8M | 51.44M | 18.55M | 46.85M | 40.35M | 46.98M | 37.57M | 27.8M | 25.02M | 19.72M | 25.96M | -3.12M | 6.36M | 20.58M | 1.64M | 12.55M | 15.24M |
| Pretax Margin % | 15.69% | 14.17% | 15.84% | 15.52% | 15.56% | 6.09% | 15.51% | 14.55% | 17.8% | 15.09% | 11.62% | 11.77% | 10.13% | 13.74% | -1.93% | 4.48% | 14.35% | 1.13% | 9.28% | 11.77% |
| Income Tax | 12.35M | 11.42M | 14.65M | 10.96M | 9.38M | 4.15M | 10.19M | 9.38M | 10.19M | 8.3M | 6.08M | 5.56M | 4.17M | 5.54M | -719K | 1.29M | 4.27M | 321K | 2.59M | 3.12M |
| Effective Tax Rate % | 19.89% | 20.89% | 24.19% | 22% | 18.23% | 22.36% | 21.74% | 23.26% | 21.7% | 22.1% | 21.89% | 22.24% | 21.12% | 21.36% | 23.06% | 20.32% | 20.74% | 19.62% | 20.62% | 20.46% |
| Net Income | 49.73M | 43.23M | 45.9M | 38.84M | 42.06M | 14.41M | 36.67M | 30.97M | 36.78M | 29.27M | 21.71M | 19.45M | 15.56M | 20.42M | -2.4M | 5.07M | 16.31M | 1.31M | 9.96M | 6.28M |
| Net Margin % | 12.57% | 11.21% | 12.01% | 12.11% | 12.72% | 4.73% | 12.14% | 11.17% | 13.94% | 11.76% | 9.08% | 9.15% | 7.99% | 10.81% | -1.48% | 3.57% | 11.37% | 0.91% | 7.37% | 4.85% |
| Net Income Growth % | 18.24% | 200.08% | 25.18% | 25.41% | 14.34% | -50.77% | 68.89% | 59.21% | 136.46% | 43.32% | 1005% | 284.05% | -4.63% | 1452.78% | -124.08% | -19.36% | 111.94% | 107.05% | 153.39% | 133.66% |
| EPS (Diluted) | 1.09 | 1.03 | 1.10 | 0.93 | 1.01 | 0.35 | 0.89 | 0.75 | 0.90 | 0.74 | 0.57 | 0.51 | 0.42 | 0.54 | -0.06 | 0.13 | 0.13 | 0.04 | 0.27 | 0.17 |
| EPS Growth % | 7.92% | 194.29% | 23.6% | 24% | 12.22% | -52.7% | 56.14% | 47.06% | 114.29% | 37.04% | 993.42% | 292.31% | 223.08% | 1387.6% | -123.63% | -23.53% | -38.1% | 107.26% | 154% | 134% |
| EPS (Basic) | 1.12 | 1.07 | 1.13 | 0.96 | 1.05 | 0.36 | 0.91 | 0.79 | 0.94 | 0.78 | 0.59 | 0.53 | 0.43 | 0.54 | -0.06 | 0.13 | 0.43 | 0.04 | 0.31 | 0.24 |
| Diluted Shares Outstanding | 41.87M | 41.87M | 41.87M | 41.87M | 41.38M | 41.62M | 41.43M | 41.17M | 41.09M | 39.58M | 38.4M | 38.14M | 36.95M | 37.6M | 37.6M | 37.6M | 37.6M | 36.27M | 36.27M | 32.47M |