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Segments

By segment

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Insurance Advisory Solutions$16.94M+16.6%
Mainstreet Insurance Solutions Segment$12.88M+70.5%
Underwriting, Capacity & Technology Solutions$6.45M+49.0%
Corporate Segment and Other Operating Segment$1.71M+21.8%

Other financials

Income statement

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Revenue$532.2M+28.7%
Operating income-$101.3M-281%
Net income$2.3M-83.2%
EPS (diluted)$0.02-90.0%

Balance sheet

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Cash & equivalents$456.1M+52.5%
Total debt$2.3B+42.5%
Total equity$963.9M+55.6%
Total assets$5.9B+67.5%

Cash flow

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Operating cash flow-$6.1M+90.5%
CapEx$12.7M+41.8%
Free cash flow-$18.7M+74.3%

Valuation

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Market cap$2.77B+27.8%
Enterprise value$4.58B+35.9%
P/S1.7×+0.2×

Profitability

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Operating margin5.9%+3.2pp
Net margin-2.8%+0.9pp
FCF margin-0.4%

Returns & leverage

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Return on equity-5.7%+0.5pp
Debt / equity2.4×-0.2×
Current ratio1.1×0.0×

Where this comes from

Reported directly by The Baldwin Insurance Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: The Baldwin Insurance Group, Inc.’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:54 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001781755-26-000034
(in thousands)Insurance Advisory SolutionsUnderwriting, Capacity & Technology SolutionsMainstreet Insurance SolutionsCorporateand OtherTotal
Net income (loss)$42,282$2,506$10,822$(57,506)$(1,896)
Other segment disclosures:
Change in fair value of contingent consideration$298$1,434$237$1,969
Depreciation and amortization expense32,25510,23612,8801,70757,078
Interest expense, net(134)791138,94438,900
Loss on extinguishment and modification of debt7,4097,409
Capital expenditures1,5296,9253,79441612,664
At March 31, 2026

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s D&A?
The Baldwin Insurance Group, Inc. (BWIN) reported D&A of $57.08M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s D&A changed year-over-year?
The Baldwin Insurance Group, Inc.'s D&A increased by 107.8% year-over-year, from $27.47M to $57.08M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s D&A?
Over 4 years (2021 to 2025), The Baldwin Insurance Group, Inc.'s D&A has grown at a 27.3% compound annual growth rate (CAGR), from $48.72M to $127.83M.
What does D&A mean?
Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

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