Financials in USD. Standardized financial statements.
A compact view of how The Baldwin Insurance Group, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.50B | $1.38B | $1.21B | $969.49M | $559.97M | $231.68M | $134.91M | $78.84M | $47.34M |
| Revenue Growth? | +9.3% | +14.0% | +24.6% | +73.1% | +141.7% | +71.7% | +71.1% | +66.6% | 0.0% |
| Cost of Revenue? | $1.31B | $1.03B | $911.35M | $719.45M | $400.05M | $174.11M | $96.95M | $51.65M | $30.81M |
| Gross Profit? | $191.98M | $344.19M | $296.38M | $250.05M | $159.92M | $57.56M | $37.96M | $27.19M | $16.53M |
| Gross Margin? | +12.8% | +25.0% | +24.5% | +25.8% | +28.6% | +24.8% | +28.1% | +34.5% | +34.9% |
| Operating Expenses? | $82.63M | $283.55M | $338.94M | $281.14M | $191.55M | $79.50M | $43.03M | $17.66M | $10.72M |
| Operating Income? | $109.35M | $60.65M | -$42.55M | -$31.10M | -$31.63M | -$21.94M | -$5.07M | $9.53M | $5.81M |
| EBITDA? | $196.83M | $164.62M | $116.93M | $87.57M | $65.08M | $18.75M | $16.31M | $13.85M | $7.65M |
| Income Before Tax | -$52.42M | -$39.35M | -$162.73M | -$76.03M | -$58.10M | -$29.89M | -$22.44M | $2.69M | $3.85M |
| Income Tax Expense | $1.73M | $1.73M | $1.28M | $715,000 | $19,000 | -$5,000 | $17,000 | $0 | $0 |
| Net Income? | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.70M | -$8.65M | -$624,000 | $1.70M |
| EPS? | $-0.50 | $-0.39 | $-1.50 | $-0.74 | $-0.64 | $-1.10 | $-1.25 | $0.57 | $0.81 |
| Diluted EPS? | $-0.50 | $-0.39 | $-1.50 | $-0.74 | $-0.64 | $-1.10 | $-1.25 | $0.57 | $0.81 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality