Skyward Specialty Insurance (SKWD) Cost of Revenue (2022 - 2026)

Skyward Specialty Insurance (SKWD) has 5 years of Cost of Revenue data on file, last reported at $60.1 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $60.1 million, up 57.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $81.2 million (down 64.56% YoY), and the FY2025 annual result was $28.7 million, down 82.24% from the prior year.
• Cost of Revenue advanced to $60.1 million in Q1 2026 per SKWD's latest filing, from $6.5 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $142.1 million in Q4 2024 and troughed at -$74.0 million in Q4 2023.
• A 5-year average of $23.3 million and a median of $30.0 million in 2022 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 291.94% in 2024, then tumbled 95.4% in 2025.
• A 5-year view of Cost of Revenue shows it stood at -$63.3 million in 2022, then retreated by 17.01% to -$74.0 million in 2023, then jumped by 291.94% to $142.1 million in 2024, then plunged by 95.4% to $6.5 million in 2025, then soared by 819.21% to $60.1 million in 2026.
• Business Quant data shows SKWD's Cost of Revenue at $60.1 million in Q1 2026, $6.5 million in Q4 2025, and $7.0 million in Q3 2025.