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

Skyward Specialty Insurance has disclosed Cost of Revenue across 5 years of filings, most recently posting $60.1 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 57.52% year-over-year to $60.1 million; the TTM figure through Mar 2026 stood at $81.2 million (down 64.56% YoY), while the FY2025 annual figure was $28.7 million, down 82.24% from the prior year.
• Cost of Revenue improved to $60.1 million in Q1 2026, from $6.5 million in the prior quarter.
• Over the last five years, Cost of Revenue for SKWD reached as high as $142.1 million in Q4 2024 and fell as low as -$74.0 million in Q4 2023.
• The 5-year median for Cost of Revenue is $30.0 million (2022), against an average of $23.3 million.
• Annual changes were most pronounced in 2024 — Cost of Revenue jumped 291.94% — and 2025, when it sank 95.4%.
• 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 slumped by 95.4% to $6.5 million in 2025, then soared by 819.21% to $60.1 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $60.1 million, $6.5 million, and $7.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.