BWIN Q3 2025 Earnings — The Baldwin Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

BWINThe Baldwin Insurance Group, Inc.

$1B

Q3 2025 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$365M+8.7% YoY

Gross Profit

$93M25.5% margin

Operating Income

$3M0.9% margin

Net Income

-$19M-5.1% margin

EPS (Diluted)

$-0.27

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$32M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.7B

Stockholders' Equity

$620M

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$365M	$336M	+8.7%
Gross Profit	$93M	$89M	+4.9%
Operating Income	$3M	$15M	-79.1%
Net Income	-$19M	-$8M	-123.6%