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The Baldwin Insurance Group, Inc. BWIN Q2 2025 earnings

Reported August 5, 2025 · After market close

Revenue$374.3MBeat by $9.3M
EPS$0.42Beat by $0.01
Revenue estimate$365.0M
EPS estimate$0.41

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$378.8M+11.5%
Operating income$27.9M+69.8%
Net income-$3.2M+82.0%
EPS (diluted)-$0.05+82.1%

Balance sheet

See full
Cash & equivalents$383.7M+6.5%
Total debt$1.6B+5.7%
Total equity$630.8M+6.8%
Total assets$3.7B+1.6%

Cash flow

See full
Operating cash flow-$16.7M-191%
CapEx$11.4M+7.8%
Free cash flow-$28.1M-461%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$3.15B+40.5%
Enterprise value$4.35B+28.7%
P/S2.2×+0.4×

Profitability

See full
Operating margin6.8%+5.2pp
Net margin-1.2%-0.5pp

Returns & leverage

See full
Return on equity-2.9%-1.1pp
Debt / equity2.5×0.0×
Current ratio1.2×+0.2×

Segments

By product

See full
Commission revenue(1)$299.2M—
Consulting and service fee revenue$27.4M—
Profit-sharing revenue$20.0M—
Policy fee and installment fee revenue$19.7M—
Assumed premium earned$5.5M—

By segment

See full
Insurance Advisory Solutions$183.3M—
Underwriting, Capacity & Technology Solutions$147.5M—
Mainstreet Insurance Solutions Segment$66.6M—
Corporate Segment and Other Operating Segment-$18.5M-3.9%

Versus estimates

Revenue

Q1 2026$532.2MBeat by $8.2MQ4 2025$347.3MMiss by $4.9MQ3 2025$365.4MBeat by $13.6M
Q2 2025$374.3MBeat by $9.3M
Q1 2025$408.5MBeat by $29.3MQ4 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 $0.01
Q2 2025$0.42Beat by $0.01
Q1 2025$0.65In lineQ4 2024$0.27In line

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Questions, answered.

When did The Baldwin Insurance Group, Inc. report Q2 2025 earnings?
The Baldwin Insurance Group, Inc. (BWIN) reported Q2 2025 earnings on August 5, 2025 after market close.
What were The Baldwin Insurance Group, Inc.'s Q2 2025 revenue and EPS?
The Baldwin Insurance Group, Inc. reported revenue of $374.3M and eps of $0.42 for Q2 2025.
Did The Baldwin Insurance Group, Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $365.0M by $9.3M. EPS beat the consensus estimate of $0.41 by $0.01.
How did The Baldwin Insurance Group, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.1% from $339.8M a year earlier and eps grew 23.5% from $0.34.
Where can I find The Baldwin Insurance Group, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001781755-25-000096) directly on SEC EDGAR. The filing index links above go to sec.gov.