1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
BMB
Event Date
2026-09-23
Sector
Financials
Subsector
Insurance
Offer Range
$18.00-$20.00
Shares Offered
35M
—
Implied Upside vs Midpoint
Description
Our Mission Bamboo is committed to building for the new era of insurance, where underwriting excellence, significant growth and operational efficiency co-exist and reinforce one another. We leverage AI and technology to deliver value to our Policyholders, Capacity Providers and Distribution Partners—combining industry-leading speed, precise and data-driven underwriting, proprietary insights, deep industry expertise and diversified, growing capacity. Bamboo is an AI and technology-enabled, underwriting-first and capital-light homeowners insurance MGU. We were purpose-built for today’s rapidly changing $189 billion homeowners insurance market and are underpinned by modern, modular technology designed for speed, scalability and adaptability. As a fast-growing MGU with strong profitability and a substantial runway for continued growth, we manage all functions across the insurance value chain, including data science and advanced analytics, underwriting and claims handling, while partnering with a diversified group of highly-rated Capacity Providers. For the period from December 5 to December 31, 2025, the period from January 1 to December 4, 2025 and the year ended December 31, 2024, we generated net (loss) income of $(13) million, $46 million and $32 million, respectively, representing net (loss) income margins of (51%), 19% and 18%, respectively. During the same periods, we generated revenue of $25 million, $246 million and $180 million, respectively. For the year ended December 31, 2025, on a combined Predecessor and Successor basis, we grew revenue in our MGU segment by 68% and grew MGU Segment Organic Revenue by 69% and we also achieved $104 million in Adjusted EBITDA, representing a 38% Adjusted EBITDA margin and year-over-year Adjusted EBITDA growth of 77%. For the same period, we grew our Managed Premium by 58%. For the six months ended June 30, 2026, we generated net income of $14 million, representing a net income margin of 8%, and revenue of $173 million. For the six months ended June 30, 2026, we grew revenue in our MGU segment by 50% and grew MGU Segment Organic Revenue by 51%, each compared to the six months ended June 30, 2025. For the six months ended June 30, 2026, we also achieved $77 million in Adjusted EBITDA, representing a 45% Adjusted EBITDA margin, and 82% Adjusted EBITDA growth compared to the six months ended June 30, 2025. For the same period, we grew our Managed Premium by 34%. Over the last five fiscal years, our loss ratios have outperformed the industry by an average of 32 percentage points. --- Our address is 7050 S. Union Park Center, Suite 650, Midvale, UT 84047 and our telephone number is (833) 922-6266. Our website is https://bambooinsurance.com.