BWIN Q2 2025 Earnings — The Baldwin Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

BWINThe Baldwin Insurance Group, Inc.

$1B

Q2 2025 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$374M+10.5% YoY

Gross Profit

$105M28.1% margin

Operating Income

$28M7.5% margin

Net Income

-$3M-0.8% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

-8.4%

Cash Flow

Operating Cash Flow

-$17M

Free Cash Flow

-$28M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$2.7B

Stockholders' Equity

$631M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$374M	$339M	+10.5%
Gross Profit	$105M	$94M	+11.5%
Operating Income	$28M	$16M	+69.8%
Net Income	-$3M	-$18M	+82.0%

Revenue Segments

Commission Revenue

$299M80%

Consulting and Service Fee Revenue

$27M7%

Profit Sharing Revenue

$20M5%

Policy Fee and Installment Fee Revenue

$20M5%

Earned Premium

$5M1%

Insurance, Other

$4M1%