The company shows strong top-line growth and improving adjusted profitability metrics, but continues to report GAAP net losses. The $250 million share repurchase program signals confidence in future cash flows, but investors should monitor the sustainability of adjusted metrics versus GAAP results.
Price Chart
Executive Summary
Baldwin Insurance Group reported full-year 2025 revenue growth of 8% to $1.5 billion with organic revenue growth of 7%. The company reported a net loss of $54.2 million but achieved adjusted diluted EPS of $1.67, representing 11% year-over-year growth. The company also announced a $250 million share repurchase program.
Key Financial Metrics
Key Facts
- Full year 2025 revenue increased 8% year-over-year to $1.5 billion
- Organic revenue growth of 7% year-over-year
- GAAP net loss of $54.2 million and GAAP diluted loss per share of $0.50
- Adjusted diluted EPS grew 11% year-over-year to $1.67
- Adjusted EBITDA margin expanded 20 basis points to 22.7%
- Company authorized $250 million share repurchase program
- Fourth quarter revenue increased 5% year-over-year to $347.3 million
Financial Impact
Revenue growth of 8% to $1.5 billion with adjusted EPS growth of 11% to $1.67, offset by a GAAP net loss of $54.2 million
Risk Factors
- Continued GAAP net losses despite revenue growth
- Reliance on non-GAAP metrics that exclude significant expenses
- Potential dilution from share-based compensation and earnout payments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001781755-26-000015 |
| Document: bwin-20260226.htm | 0001781755-26-000015 |
| Document: 0001781755-26-000015-index-headers.html | 0001781755-26-000015 |
| Document: 0001781755-26-000015-index.html | 0001781755-26-000015 |
| Document: 0001781755-26-000015.txt | 0001781755-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $31.91 | awaiting T+1 | — | $31.91 (−0.00%) |
Oct 15, 2026 12d ago | SC 13E-3 | $31.93 $31.91 | ▼ −0.06% | ▲ +1.04% | $31.91 (−0.06%) |
Oct 15, 2026 12d ago | PREM14A | $31.93 $31.91 | ▼ −0.06% | ▲ +1.04% | $31.91 (−0.06%) |
Oct 7, 2026 20d ago | SC 13G/A | $31.81 $31.85 | ▲ +0.13% | ▲ +0.55% | $31.91 (+0.31%) |
Sep 25, 2026 4w ago | SC 13G | $31.82 $31.78 | ▼ −0.13% | ▲ +0.06% | $31.91 (+0.28%) |
Sep 21, 2026 5w ago | 8-K | $31.89 $31.95 | ▲ +0.19% | ▲ +0.20% | $31.91 (+0.06%) |
Sep 14, 2026 6w ago | DEFA14A | $32.49 $32.04 | ▼ −1.39% | ▼ −0.94% | $31.91 (−1.79%) |
Sep 14, 2026 6w ago | DEFA14A | $32.49 $32.04 | ▼ −1.39% | ▼ −0.94% | $31.91 (−1.79%) |
Sep 14, 2026 6w ago | 8-K | $32.00 $32.49 | ▲ +1.53% | ▲ +1.99% | $31.91 (−0.28%) |
Jun 4, 2026 20w ago | 8-K | $19.88 $19.24 | ▼ −3.22% | ▼ −3.45% | $31.91 (+60.51%) |
US Market Status
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