BWIN · XBRL financial data

The Baldwin Insurance Group financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (BWIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	306	285*	380	340	339	330*	413	379	365	347*	532	493
Revenue from contracts with customers	304	283*	378	337	335	327*	411	376	362	345*	529	489
Total operating expenses	—	year only	34	33	36	36*	44	41	42	56*	205	73
Operating income (loss)	0	(30)*	34	16	15	(5)*	56	28	3	(13)*	(101)	(8)
Other income (expense)	(1)	(1)*	1	(0)	0	(0)*	(0)	0	1	(0)*	1	(2)
Income tax expense (benefit)	0	0*	1	1	0	(0)*	0	1	0	1*	(145)	0
Net income (loss)	(18)	(34)*	22	(18)	(8)	(20)*	14	(3)	(19)	(26)*	2	(39)
Earnings per share, basic USD per share	(0.29)	(0.56)*	0.35	(0.28)	(0.13)	(0.31)*	0.21	(0.05)	(0.27)	(0.37)*	0.02	(0.42)
Earnings per share, diluted USD per share	(0.29)	(0.56)*	0.33	(0.28)	(0.13)	(0.33)*	0.20	(0.05)	(0.27)	(0.39)*	0.02	(0.42)
Weighted average shares, basic millions of shares	61	61*	62	63	64	65*	66	68	69	69*	94	93
Weighted average shares, diluted millions of shares	61	61*	65	63	64	61*	69	68	69	66*	97	93

Fiscal quarters (BWIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	79	116	112	208	182	148	82	106	90	124	146	184
Prepaid and other current assets	12	13	15	14	13	12	17	15	18	14	21	20
Total current assets	802	926	951	1,137	1,014	1,026	1,056	1,240	1,106	1,200	1,594	1,846
Property and equipment, net	24	23	23	22	21	22	22	21	21	23	31	33
Right-of-use asset	89	85	83	79	75	72	71	67	64	62	83	82
Goodwill	1,422	1,412	1,412	1,412	1,412	1,412	1,412	1,421	1,516	1,517	2,652	2,652
Total assets	3,423	3,502	3,510	3,680	3,539	3,535	3,549	3,739	3,794	3,862	5,943	6,175
Accrued liabilities	13	23	13	14	10	12	21	25	29	57	59	51
Current portion of long-term debt	10	10	10	8	8	8	9	9	10	13	16	16
Total current liabilities	798	1,033	1,053	1,156	1,032	1,056	933	1,007	960	1,033	1,474	1,721
Lease liability, non-current	82	79	78	74	69	69	68	64	61	58	75	75
Total liabilities	2,350	2,483	2,438	2,637	2,502	2,526	2,500	2,689	2,666	2,778	4,391	4,753
Accumulated deficit	(152)	(187)	(165)	(183)	(191)	(211)	(197)	(201)	(219)	(245)	(275)	(368)
Total stockholders' equity	591	560	598	591	595	583	620	631	620	600	964	884
Total liabilities and equity	3,423	3,502	3,510	3,680	3,539	3,535	3,549	3,739	3,794	3,862	5,943	6,175

Fiscal quarters (BWIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(18)	(34)*	22	(18)	(8)	(20)*	14	(3)	(19)	(26)*	2	(39)
Stock-based compensation	15*	13*	14	15*	18*	19*	13	17*	22*	19*	13	21*
Depreciation and amortization	—	year only	26	27	28	28*	27	28	32	41*	57	59
Net cash from operating activities	(13)*	22*	3	81*	2*	16*	(64)	(17)*	41*	10*	(6)	46*
Purchases of property and equipment	6*	7*	8	11*	—	—	—	—	—	—	—	—
Net cash from investing activities	(6)*	(5)*	45	(9)*	(10)*	(12)*	(9)	(38)*	(83)*	(11)*	(491)	(30)*
Share repurchases	—	—	—	—	—	—	0	0*	—	—	47	80*
Net cash from financing activities	0*	16*	(40)	54*	(8)*	(36)*	59	139*	(15)*	21*	607	139*

SIC 6411 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6411 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Baldwin Insurance Group	184	493	46*	not reported	—	Q2 FY26 10-QJun 30, 2026
Goosehead Insurance	24	113	16*	not reported	—	Q2 FY26 10-QJun 30, 2026
Accelerant Holdings	1,573	357	(69)*	not reported	22.9 quarters	Q2 FY26 10-QJun 30, 2026
Crawford	79	330	5.8*	not reported	—	Q3 FY26 10-QSep 30, 2026
Corvel	256	260	50	50.5M	—	Q1 FY26 10-QJun 30, 2026
Ryan Specialty Holdings	169	775	181*	not reported	—	Q3 FY26 10-QSep 30, 2026
Erie Indemnity	363	1,070	213*	not reported	—	Q3 FY26 10-QSep 30, 2026
Enact Holdings	448	317	119*	137.5M	—	Q2 FY26 10-QJun 30, 2026
Equitable Holdings	17,183	1,658	643*	273.0M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.