The Baldwin Insurance Group, Inc. (BWIN) — Financial statements
Income statement, balance sheet, and cash flow for The Baldwin Insurance Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,505↑9.3% | 1,376↑14.0% | 1,208↑24.6% | 969↑73.1% | 560 | |
| Cost of Revenue | 1,313↑27.2% | 1,032↑13.2% | 911↑26.7% | 719↑79.8% | 400 | |
| Gross Profit | 192↓44.2% | 344↑16.1% | 296↑18.5% | 250↑56.4% | 160 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 83↓70.9% | 284↓16.3% | 339↑20.6% | 281↑46.8% | 192 | |
| Operating Expenses | 83↓70.9% | 284↓16.3% | 339↑20.6% | 281↑46.8% | 192 | |
| Total Costs & Expenses | 1,396↑6.1% | 1,316↑5.2% | 1,250↑25.0% | 1,001↑69.1% | 592 | |
| Operating Results | ||||||
| Operating Income | 109↑80.3% | 61↑242.5% | -43↓36.8% | -31↑1.7% | -32 | |
| Depreciation & Amortization | 128↑17.4% | 109↑10.7% | 98↑13.9% | 86↑67.7% | 52 | |
| EBITDA | 197↑19.6% | 165↑40.8% | 117↑33.5% | 88↑34.6% | 65 | |
| EBIT | 69↑23.9% | 56↑200.6% | 19↑1432.8% | 1↓91.1% | 14 | |
| Interest & Other Income | ||||||
| Net Interest Income | -121 | 0.00↑100.0% | -119↓68.1% | -71↓164.2% | -27 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 121 | 0.00↓100.0% | 119↑68.1% | 71↑164.2% | 27 | |
| Non-Operating Income | 40↑715.3% | 5↑108.1% | -61↓89.1% | -32↑28.5% | -45 | |
| Other Income / Expenses | -162↓61.8% | -100↑16.8% | -120↓167.5% | -45↓69.7% | -26 | |
| Income Before Tax | -52↓33.2% | -39↑75.8% | -163↓114.0% | -76↓30.9% | -58 | |
| Income Tax Expense | 2↓0.1% | 2↑34.7% | 1↑79.7% | 0.72↑3663.2% | 0.02 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -54↓31.8% | -41↑75.0% | -164↓113.7% | -77↓32.1% | -58 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -34↓37.9% | -25↑72.8% | -90↓115.8% | -42↓36.3% | -31 | |
| Bottom-Line Net Income | -34↓37.9% | -25↑72.8% | -90↓115.8% | -42↓36.3% | -31 | |
| EPS (Basic) | -0.50↓28.2% | -0.39↑74.0% | -1.50↓102.7% | -0.74↓15.6% | -0.64 | |
| EPS (Diluted) | -0.50↓28.2% | -0.39↑74.0% | -1.50↓102.7% | -0.74↓15.6% | -0.64 | |
| Weighted Average Shares | 68↑7.1% | 63↑5.5% | 60↑5.8% | 57↑19.4% | 48 | |
| Weighted Average Diluted Shares | 68↑7.1% | 63↑5.5% | 60↑5.8% | 57↑19.4% | 48 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.