NASDAQ · BWINFinancialsInsurance

The Baldwin Insurance Group financials

$31.78−0.13%
Close Sep 29, 2026 · split-adjusted

Revenue

Net income

Income statement & cash flow

Fiscal yearFY25
Dec 31
FY24
Dec 31
Revenue$1.49B$1.38B
Gross profit$1.49B$1.38B
Gross margin100.0%100.0%
Operating income$62.7M$48.7M
Net income-$33.8M-$24.5M
Net margin−2.3%−1.8%
Diluted EPS$-0.50$-0.39
EBITDA$190.6M$157.7M
Operating cash flow-$29.4M$51.5M
Free cash flow-$68.9M$10.4M
Diluted shares67.9M63.5M

Balance sheet

Period endDec 31Dec 31
Cash & equivalents$123.7M$90.0M
Short-term investments$0.00$0.00
Total debt$1.67B$1.40B
Total assets$3.86B$3.53B
Total liabilities$2.78B$2.53B
Shareholders' equity$1.08B$1.01B

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