The Baldwin Insurance Group financials
$31.78−0.13%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $492.9M | $532.2M | $336.1M | $365.4M | $378.8M | $413.4M | $318.0M | $338.9M | $339.8M |
| Gross profit | $492.9M | $532.2M | $336.1M | $365.4M | $378.8M | $413.4M | $318.0M | $338.9M | $339.8M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$8.3M | -$101.3M | -$24.4M | $3.2M | $27.9M | $56.0M | -$17.4M | $15.4M | $16.5M |
| Net income | -$39.0M | $2.3M | -$25.9M | -$18.7M | -$3.2M | $13.9M | -$20.2M | -$8.4M | -$17.6M |
| Net margin | −7.9% | 0.4% | −7.7% | −5.1% | −0.8% | 3.4% | −6.3% | −2.5% | −5.2% |
| Diluted EPS | $-0.42 | $0.02 | $-0.39 | $-0.27 | $-0.05 | $0.20 | $-0.33 | $-0.13 | $-0.28 |
| EBITDA | $50.5M | -$42.2M | $16.2M | $35.3M | $55.6M | $91.5M | $10.6M | $43.9M | $43.4M |
| Operating cash flow | $45.6M | -$6.1M | $10.3M | $41.0M | -$16.7M | -$64.0M | -$2.3M | $32.4M | $18.3M |
| Free cash flow | $30.4M | -$18.7M | -$84.0K | $32.2M | -$28.1M | -$72.9M | -$14.5M | $22.2M | $7.8M |
| Diluted shares | 92.8M | 96.8M | 65.8M | 68.6M | 68.0M | 69.3M | 61.4M | 64.0M | 63.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $184.5M | $146.4M | $123.7M | $89.7M | $105.7M | $81.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.45B | $2.34B | $1.67B | $1.63B | $1.61B | $1.50B |
| Total assets | $6.17B | $5.94B | $3.86B | $3.79B | $3.74B | $3.55B |
| Total liabilities | $4.75B | $4.39B | $2.78B | $2.67B | $2.69B | $2.50B |
| Shareholders' equity | $1.42B | $1.55B | $1.08B | $1.13B | $1.05B | $1.05B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology