Skyward Specialty Insurance (SKWD) Cost of Revenue (2022 - 2026)
Skyward Specialty Insurance (SKWD) posted quarterly Cost of Revenue of $60.1 million for Q1 2026, down 67.92% year-over-year from $187.3 million in Q1 2025, and down 71.75% quarter-over-quarter from $212.7 million in Q4 2025.
Skyward Specialty Insurance (SKWD) Cost of Revenue (2022 - 2026) Analysis & Trends
Skyward Specialty Insurance (SKWD) has reported Cost of Revenue for 5 consecutive years, with $60.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 67.92% year-over-year to $60.1 million; the TTM figure through Mar 2026 stood at $667.8 million (down 6.37% YoY), while the FY2025 annual figure was $795.0 million, up 18.69% from the prior year.
- Cost of Revenue slipped to $60.1 million in Q1 2026 per SKWD's latest filing, from $212.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $417.0 million in Q4 2023 and bottomed at $27.1 million in Q1 2022.
- Historically, Cost of Revenue has averaged $158.4 million across 5 years, with a median of $159.1 million in 2024.
- Annual changes were most pronounced in 2024 — Cost of Revenue jumped 374.12% — and 2026, when it plunged 67.92%.
- Skyward Specialty Insurance's Cost of Revenue stood at $315.8 million in 2022, then soared by 32.07% to $417.0 million in 2023, then slumped by 52.92% to $196.3 million in 2024, then grew by 8.33% to $212.7 million in 2025, then slumped by 71.75% to $60.1 million in 2026.
- Business Quant data shows SKWD's Cost of Revenue at $60.1 million in Q1 2026, $212.7 million in Q4 2025, and $213.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.97 Bn | 121.21 Bn | 9.13 Bn | 6.69 Bn |
| 2 | Progressive | 124.79 Bn | 119.79 Bn | 9.04 Bn | 14.57 Bn |
| 3 | Travelers Companies | 79.39 Bn | 55.63 Bn | 4.83 Bn | 5.92 Bn |
| 4 | Allstate | 68.10 Bn | 29.37 Bn | 16.28 Bn | 2.32 Bn |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | - |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | 1.89 Bn |
| 7 | Loews | 23.30 Bn | 996.48 Mn | 2.57 Bn | 2.17 Bn |
| 8 | Markel | 23.24 Bn | 6.35 Bn | 2.83 Bn | 1.19 Bn |
| 9 | Assurant | 14.10 Bn | 12.07 Bn | 2.71 Bn | 748.30 Mn |
| 10 | Skyward Specialty Insurance | 2.79 Bn | 2.18 Bn | 212.79 Mn | 276.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 276.74 Mn |
| Jun 30, 2026 | 276.74 Mn |
| Mar 31, 2026 | 60.09 Mn |
| Mar 31, 2026 | 60.09 Mn |
| Dec 31, 2025 | 212.67 Mn |
| Dec 31, 2025 | 212.67 Mn |
| Sep 30, 2025 | 213.78 Mn |
| Sep 30, 2025 | 213.78 Mn |
| Jun 30, 2025 | 181.26 Mn |
| Jun 30, 2025 | 181.26 Mn |
| Mar 31, 2025 | 187.31 Mn |
| Mar 31, 2025 | 187.31 Mn |
| Dec 31, 2024 | 196.32 Mn |
| Dec 31, 2024 | 196.32 Mn |
| Sep 30, 2024 | 170.52 Mn |
| Sep 30, 2024 | 170.52 Mn |
| Jun 30, 2024 | 159.05 Mn |
| Jun 30, 2024 | 159.05 Mn |
| Mar 31, 2024 | 143.91 Mn |
| Mar 31, 2024 | 143.91 Mn |