Baldwin (BWIN)
Insurance brokerage platform spanning advisory, MGA products, and embedded distribution.
$31.90
vs last close−0.06 (−0.17%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 304 | 286 | 378 | 339 | 336 | 323 | 409 | 374 | 365 | 347 | 532 | 493 |
| Cost of revenue | 220 | 235 | 262 | 244 | 247 | 278 | 264 | 269 | 272 | 334 | 464 | 501 |
| Gross profit | 83 | 51 | 116 | 94 | 89 | 45 | 145 | 105 | 93 | 14 | 68 | −8 |
| 83 | 81 | 82 | 78 | 73 | 50 | 89 | 77 | 90 | 12 | 157 | 0 | |
| Other expenses | 83 | 81 | 82 | 78 | 73 | 50 | 89 | 77 | 90 | 12 | 157 | 0 |
| Operating income | 0 | −30 | 34 | 16 | 15 | −5 | 56 | 28 | 3 | 2 | −89 | −8 |
| −32 | −32 | 6 | −46 | −30 | −30 | −31 | −32 | −33 | −44 | −57 | −48 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 3 | 0 |
| Interest expense | 31 | 32 | 32 | 0 | 0 | 0 | 0 | 0 | 31 | 29 | 39 | 46 |
| Other non-operating income | −14 | −6 | −13 | −6 | 1 | 22 | −8 | 2 | −2 | 15 | 18 | 3 |
| Income before tax | −32 | −62 | 40 | −29 | −14 | −35 | 25 | −4 | −30 | −43 | −146 | −57 |
| Income tax expense | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | −145 | −1 |
| Net income from continuing operations | −32 | −62 | 39 | −31 | −14 | −35 | 25 | −5 | −30 | −44 | −2 | −56 |
| Net income | −18 | −34 | 22 | −18 | −8 | −20 | 14 | −3 | −19 | −26 | 2 | −39 |
| EPS, basic | −$0.29 | −$0.56 | $0.35 | −$0.28 | −$0.13 | −$0.31 | $0.21 | −$0.05 | −$0.27 | −$0.37 | $0.03 | −$0.56 |
| EPS, diluted | −$0.29 | −$0.56 | $0.33 | −$0.28 | −$0.13 | −$0.31 | $0.20 | −$0.05 | −$0.27 | −$0.37 | $0.03 | −$0.56 |
| Weighted average shares, basic | 61 | 61 | 62 | 63 | 64 | 65 | 66 | 68 | 69 | 69 | 69 | 69 |
| Weighted average shares, diluted | 61 | 61 | 65 | 63 | 64 | 65 | 69 | 68 | 69 | 69 | 69 | 69 |
| EBITDA | 39 | 1 | 72 | 49 | 43 | 0 | 92 | 54 | 37 | 27 | −50 | 48 |
| Depreciation & amortization | 25 | 25 | 26 | 27 | 28 | 28 | 27 | 28 | 32 | 41 | 57 | 59 |
| EBIT | 14 | −24 | 47 | 22 | 14 | −28 | 64 | 26 | 5 | −14 | −108 | −11 |
