BWIN
The Baldwin Insurance Group, Inc.
NASDAQ · USFinancial ServicesInsurance - Brokers
$26.95-1.10%
Price as of Jul 20, 2026
BWIN financials
The Baldwin Insurance Group, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $1.5B | $1.4B | $1.2B | $969.5M |
| Cost of revenue | $1.3B | $1.0B | $911.4M | $719.4M |
| Gross profit | $192.0M | $344.2M | $296.4M | $250.0M |
| Operating expenses | $82.6M | $283.5M | $338.9M | $281.1M |
| Operating income | $109.4M | $60.6M | -$42.6M | -$31.1M |
| Net income | -$33.8M | -$24.5M | -$90.1M | -$41.8M |
| EBITDA | $196.8M | $164.6M | $116.9M | $87.6M |
| Basic EPS | $-0.50 | $-0.39 | $-1.50 | $-0.74 |
| Diluted EPS | $-0.50 | $-0.39 | $-1.50 | $-0.74 |
| Balance sheet | ||||
| Cash & equivalents | $123.7M | $148.1M | $116.2M | $118.1M |
| Total assets | $3.9B | $3.5B | $3.5B | $3.5B |
| Total liabilities | $2.8B | $2.5B | $2.5B | $2.3B |
| Stockholders’ equity | $600.2M | $583.2M | $560.4M | $608.1M |
| Total debt | $1.8B | $1.6B | $1.6B | $1.5B |
| Net debt | $1.6B | $1.5B | $1.5B | $1.4B |
| Cash flow | ||||
| Operating cash flow | -$29.4M | $102.2M | $44.6M | -$2.5M |
| Capital expenditure | -$39.5M | -$41.0M | -$21.4M | -$22.0M |
| Free cash flow | -$68.9M | $61.1M | $23.3M | -$24.4M |
| Dividends paid | $0.00 | -$264.0K | -$385.0K | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |