BWIN Q1 2025 Earnings — The Baldwin Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

BWINThe Baldwin Insurance Group, Inc.

$1B

Q1 2025 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$409M+8.1% YoY

Gross Profit

$145M35.4% margin

Operating Income

$56M13.7% margin

Net Income

$14M3.4% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+26.3%

Cash Flow

Operating Cash Flow

-$64M

Free Cash Flow

-$73M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.5B

Stockholders' Equity

$620M

Cash & Equivalents

$82M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$409M	$378M	+8.1%
Gross Profit	$145M	$116M	+24.7%
Operating Income	$56M	$34M	+63.5%
Net Income	$14M	$22M	-35.4%

Revenue Segments

Commission Revenue

$339M83%

Profit Sharing Revenue

$24M6%

Consulting and Service Fee Revenue

$20M5%

Policy Fee and Installment Fee Revenue

$18M4%

Insurance, Other

$5M1%

Earned Premium

$4M1%