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The Baldwin Insurance Group, Inc. BWIN Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$365.4MBeat by $13.6M
EPS$0.31Beat by $0.01
Revenue estimate$351.8M
EPS estimate$0.30

Next report

Nov 3, 2026 (in a month)
Revenue estimate$492.7M
EPS estimate$0.43

Financials

Q3 2025

Income statement

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Revenue$365.4M+7.8%
Operating income$3.2M-79.1%
Net income-$18.7M-124%
EPS (diluted)-$0.27-108%

Balance sheet

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Cash & equivalents$325.9M-5.4%
Total debt$1.7B+10.8%
Total equity$619.7M+4.1%
Total assets$3.8B+7.2%

Cash flow

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CapEx$8.9M-13.0%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$2.01B-36.0%
Enterprise value$3.34B-22.2%
P/S1.4×-1.0×

Profitability

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Operating margin5.9%+3.2pp
Net margin-1.9%-0.5pp

Returns & leverage

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Return on equity-4.6%-1.0pp
Debt / equity2.7×+0.2×
Current ratio1.2×+0.2×

Segments

By product

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Commission revenue(1)$277.4M+2.7%
Profit-sharing revenue$28.7M+7.2%
Consulting and service fee revenue$26.9M+39.8%
Policy fee and installment fee revenue$20.6M+28.7%
Assumed premium earned$5.9M—

By segment

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Insurance Advisory Solutions$158.5M-0.5%
Underwriting, Capacity & Technology Solutions$147.3M+13.5%
Mainstreet Insurance Solutions Segment$76.5M+8.2%
Corporate Segment and Other Operating Segment-$16.9M+19.1%

FAQ

When did The Baldwin Insurance Group, Inc. report Q3 2025 earnings?
The Baldwin Insurance Group, Inc. (BWIN) reported Q3 2025 earnings on November 4, 2025 after market close.
What were The Baldwin Insurance Group, Inc.'s Q3 2025 revenue and EPS?
The Baldwin Insurance Group, Inc. reported revenue of $365.4M and eps of $0.31 for Q3 2025.
Did The Baldwin Insurance Group, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $351.8M by $13.6M. EPS beat the consensus estimate of $0.30 by $0.01.
How did The Baldwin Insurance Group, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.7% from $336.0M a year earlier and eps declined 6.1% from $0.33.
Where can I find The Baldwin Insurance Group, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001781755-25-000107) and the 10-Q periodic report (0001781755-25-000109) directly on SEC EDGAR. The filing index links above go to sec.gov.