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The Baldwin Insurance Group, Inc. BWIN Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$408.5MBeat by $29.3M
EPS$0.65In line
Revenue estimate$379.3M
EPS estimate$0.65

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$492.3M
EPS estimate$0.46

Financials

Q1 2025

Income statement

See full
Revenue$413.4M+8.7%
Operating income$56.0M+63.5%
Net income$13.9M-35.4%
EPS (diluted)$0.20-39.4%

Balance sheet

See full
Cash & equivalents$299.1M+27.6%
Total debt$1.6B+48.3%
Total equity$619.6M+3.6%
Total assets$3.5B+1.1%

Cash flow

See full
Operating cash flow-$64.0M-2,228%
CapEx$8.9M+9.7%
Free cash flow-$72.9M-1,319%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3.05B—
Enterprise value$4.34B—
P/S2.1×—

Profitability

See full
Operating margin6.2%+5.5pp
Net margin-2.3%-0.7pp

Returns & leverage

See full
Return on equity-5.3%-1.6pp
Debt / equity2.6×+0.8×
Current ratio1.1×+0.2×

Segments

By product

See full
Commission revenue(1)$338.9M+5.1%
Profit-sharing revenue$24.3M+17.7%
Consulting and service fee revenue$20.2M+0.1%
Policy fee and installment fee revenue$18.0M+42.6%
Other income$4.9M+113%

By segment

See full
Insurance Advisory Solutions$227.7M—
Underwriting, Capacity & Technology Solutions$125.2M—
Mainstreet Insurance Solutions Segment$77.9M+8.6%
Corporate Segment and Other Operating Segment-$17.3M+1.5%

Versus estimates

Revenue

Q1 2026$532.2MBeat by $8.2MQ4 2025$347.3MMiss by $4.9MQ3 2025$365.4MBeat by $13.6MQ2 2025$374.3MBeat by $9.3M
Q1 2025$408.5MBeat by $29.3M
Q4 2024$323.4MMiss by $4.0M

Diluted EPS

Q1 2026$0.63Miss by $0.01Q4 2025$0.31Beat by $0.02Q3 2025$0.31Beat by $0.01Q2 2025$0.42Beat by $0.01
Q1 2025$0.65In line
Q4 2024$0.27In line

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Questions, answered.

When did The Baldwin Insurance Group, Inc. report Q1 2025 earnings?
The Baldwin Insurance Group, Inc. (BWIN) reported Q1 2025 earnings on May 6, 2025 after market close.
What were The Baldwin Insurance Group, Inc.'s Q1 2025 revenue and EPS?
The Baldwin Insurance Group, Inc. reported revenue of $408.5M and eps of $0.65 for Q1 2025.
Did The Baldwin Insurance Group, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $379.3M by $29.3M. EPS beat the consensus estimate of $0.65 by $0.00.
How did The Baldwin Insurance Group, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.4% from $380.4M a year earlier and eps grew 16.1% from $0.56.
Where can I find The Baldwin Insurance Group, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001781755-25-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.