The Baldwin Insurance Group, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $492.9M | $532.2M | $347.3M | $365.4M | $378.8M | $413.4M | $329.9M | $338.9M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-8.3M | $-101.3M | $-13.2M | $3.2M | $27.9M | $56.0M | $-5.5M | $15.4M |
| Operating Margin | -1.7% | -19.0% | -3.8% | 0.9% | 7.4% | 13.6% | -1.7% | 4.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-55.9M | $-146.4M | $-42.6M | $-30.2M | $-4.5M | $24.9M | $-35.3M | $-14.5M |
| Income Tax Expense | $84.0K | $-144.5M | $1.0M | $0 | $685.0K | $0 | $-420.0K | $0 |
| Net Income | $-39.0M | $2.3M | $-25.9M | $-18.7M | $-3.2M | $13.9M | $-20.2M | $-8.4M |
| Net Margin | -7.9% | 0.4% | -7.4% | -5.1% | -0.8% | 3.4% | -6.1% | -2.5% |
| EPS (Basic) | $-0.42 | $0.02 | $-0.39 | $-0.27 | $-0.05 | $0.21 | $-0.33 | $-0.13 |
| EPS (Diluted) | $-0.42 | $0.02 | $-0.38 | $-0.27 | $-0.05 | $0.20 | $-0.31 | $-0.13 |
| Shares Outstanding (Basic) | 92.8M | 93.8M | 67.9M | 68.6M | 68.0M | 66.1M | 63.5M | 64.0M |
| Shares Outstanding (Diluted) | 92.8M | 96.8M | 67.9M | 68.6M | 68.0M | 69.3M | 63.5M | 64.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |