BWINNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31

Baldwin Insurance Group, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$31.87−0.04 (-0.13%)

Close on Oct 19, 2026

Market cap: $2.96B
P/E (TTM): –
Dividend yield: –

Baldwin Insurance Group, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Revenue	1,505	1,389	1,219	981	567	–	–	–
Operating Expenses	183	139	140	127	–	–	–	–
Total Costs & Expenses	1,431	1,328	1,261	1,012	599	263	143	70
Operating Income	74	61	-43	-31	-32	-22	-5.07	9.53
Income from Equity Investments	0.37	0	0	–	–	–	–	–
Other Non-Operating Income	-127	-100	-120	-45	-26	-7.95	-17	-6.84
Gain (Loss) on Sale of Assets	0.29	39	0	0	-0.31	-0.07	0	–
Pretax Income	-52	-39	-163	-76	-58	-30	-22	2.69
Income Tax Expense	1.73	1.73	1.29	0.72	0.02	-0.01	0.02	0
Net Income incl. Noncontrolling Interests	-54	-41	-164	-77	-58	-30	-22	2.69
Minority Interest in Earnings	-20	-17	-74	-35	-27	-14	-14	3.31
Net Income	-34	-25	-90	-42	-31	-16	-8.65	-0.62
Net Income to Common	-34	-25	-90	-42	-31	-16	–	–
EPS (Basic)(per share)	-0.50	-0.39	-1.50	-0.74	-0.64	-0.58	–	–
EPS (Diluted)(per share)	-0.50	-0.39	-1.50	-0.74	-0.64	-0.58	–	–
Shares Outstanding (Basic, Weighted)(shares)	68	63	60	57	48	27	–	–
Shares Outstanding (Diluted, Weighted)(shares)	68	63	60	57	48	27	–	–
EBITDA	202	170	56	55	20	-1.77	5.48	13
Net Interest Income	-121	-124	-119	-71	-27	-7.86	-11	-6.63

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: -6.9%
Net margin: -4.7%
Return on equity, FY2025: -5.7%

Financial strength

Current ratio: 1.07
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 10.7%

Valuation

P/E ratio: –
Price to sales: 1.70
Price to book: 3.34
Dividend yield: –