FY2025 · ended Dec 31, 2025 · Revenue $1.49B, +8.5% YoY · Filed Feb 26, 2026
The Baldwin Insurance Group, Inc. (BWIN) files with the SEC under industry code 6411, Insurance Agents, Brokers & Service. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.5 billion and a net loss of $33.8 million. Free cash flow was -$68.9 million. As of Jun 30, 2026 it held $184.5 million in cash and investments and $113.2 million in total debt.
Revenue (TTM)
$1.72B
+19.0% vs year-ago TTM
Net income (TTM)
$-81.24M
-357.3% vs year-ago TTM
Operating cash flow (TTM)
$90.77M
+279.4% vs year-ago TTM
Free cash flow (TTM)
$43.71M
+146.9% vs year-ago TTM
EPS (TTM)
$-1.03
-278.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
19.86M
Net cash
$71.29M
as of Jun 30, 2026
Operating margin
-6.9%
FY 2026
Company profile
- Industry
- Insurance Agents, Brokers & Service (SIC 6411)
- Listed as
- BWIN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Tampa, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1781755
- Former names
- BRP Group, Inc. (until Apr 25, 2024)
Other Insurance Agents, Brokers & Service companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.2B | — | — |
| Operating income | $73.9M | $60.6M | -$42.6M | -$31.1M | -$31.6M |
| Net income | -$33.8M | -$24.5M | -$90.1M | -$41.8M | -$30.6M |
| Diluted EPS | -$0.50 | -$0.39 | -$1.50 | -$0.74 | — |
| Operating cash flow | -$29.4M | $51.5M | $46,000 | -$2.5M | $40.1M |
| Free cash flow | -$68.9M | $10.4M | -$21.3M | -$24.4M | $34.8M |
| Total assets | $3.9B | $3.5B | $3.5B | $3.5B | $2.9B |
| Total liabilities | $2.8B | $2.5B | $2.5B | $2.3B | $1.7B |
| Stockholders' equity | $600.2M | $583.2M | $560.4M | $608.1M | $608.4M |
| Cash and investments | $123.7M | $90.0M | $116.2M | $118.1M | $138.3M |
| Total debt | $88.3M | $94.3M | $105.9M | $110.2M | $92.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 27, 2026 | Oct 27, 2026 |
| 8-K | Current report | Oct 9, 2026 | Oct 9, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 21, 2026 | Sep 21, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Sep 14, 2026 | Sep 14, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
All 878 The Baldwin Insurance Group, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.