BWIN
The Baldwin Insurance Group, Inc.
NASDAQ · Financial Services · Insurance - Brokers · US
$30.88
−1.09%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.7B | 1.5B | 1.4B | 1.2B | 969.5M |
| Cost of Revenue | 1.6B | 1.3B | 1.0B | 911.4M | 719.4M |
| Gross Profit | 166.4M | 192.0M | 344.2M | 296.4M | 250.0M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — |
| General & Admin Expense | — | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 259.1M | 82.6M | 283.5M | 338.9M | 281.1M |
| Total Operating Expenses | 259.1M | 82.6M | 283.5M | 338.9M | 281.1M |
| Cost and Expenses | 1.8B | 1.4B | 1.3B | 1.3B | 1.0B |
| Operating Income (EBIT) | (92.7M) | 109.4M | 60.6M | (42.6M) | (31.1M) |
| Non-Operating | |||||
| Interest Income | 6.4M | — | — | — | — |
| Interest Expense | 144.7M | 121.4M | — | 119.5M | 71.1M |
| Net Interest Income | (138.3M) | (121.4M) | — | (119.5M) | (71.1M) |
| Other Non-Op Income/Expense | (183.2M) | (161.8M) | (100.0M) | (120.2M) | (44.9M) |
| Non-Operating Income (excl Interest) | 34.2M | 40.4M | 4.9M | (61.1M) | (32.3M) |
| EBT (Pre-Tax Income) | (275.8M) | (52.4M) | (39.4M) | (162.7M) | (76.0M) |
| Income Tax Expense | (144.1M) | 1.7M | 1.7M | 1.3M | 715.0K |
| Bottom Line | |||||
| Net Income | (81.2M) | (33.8M) | (24.5M) | (90.1M) | (41.8M) |
| Earnings from Cont. Ops | (131.8M) | (54.2M) | (41.1M) | (164.0M) | (76.7M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (81.2M) | (33.8M) | (24.5M) | (90.1M) | (41.8M) |
| Per Share | |||||
| Basic EPS | ($1.17) | ($0.50) | ($0.39) | ($1.50) | ($0.74) |
| Diluted EPS | ($1.17) | ($0.50) | ($0.39) | ($1.50) | ($0.74) |
| Revenue Per Share | $25.17 | $22.15 | $21.69 | $20.08 | $17.06 |
| Shares | |||||
| Basic Shares Outstanding | 69.1M | 67.9M | 63.5M | 60.1M | 56.8M |
| Diluted Shares Outstanding | 69.1M | 67.9M | 63.5M | 60.1M | 56.8M |
| Profitability Metrics | |||||
| EBITDA | 61.7M | 196.8M | 164.6M | 116.9M | 87.6M |
| D&A | 188.6M | 127.8M | 108.9M | 98.4M | 86.4M |
| EBIT | (126.8M) | 69.0M | 55.7M | 18.5M | 1.2M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026