Short answer
Baldwin Insurance Group, Inc. (BWIN) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $529M (up 28.8% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $529M
- +28.8% YoY
- Net income
- $2M
- −83.2% YoY
- Operating margin
- -19.1%
- EPS (diluted)
- $0.02
- −90.0% YoY
Source: XBRL data from the Baldwin Insurance Group, Inc. (BWIN) Q1 2026 10-Q on SEC EDGAR. USD.
Baldwin Insurance Group, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $532.2M, up 29% YoY from $413.4M, driven by $111.5M partnership commissions
- Adjusted EBITDA $137.2M, margin 26% vs 28% YoY; net loss $1.9M vs $24.9M income
- Organic revenue $417.4M, up 2% YoY; partnership commissions and fees increased 29% to $528.9M
- Three partnerships completed for $1.6B; higher borrowings increased interest expense 30% to $38.9M
- Near-term headwind: higher interest expense from JPM Credit Facility borrowings for partnerships and deferred payments
Risk Factors
- No risk-factors section provided; supplied text covers unregistered securities, repurchases, exhibits, and signatures
- Acquisition-related equity issuance: 23,200,000 Class A shares issued for Cobbs Allen on January 2, 2026
- Share-repurchase liquidity usage: $203,034 thousand remaining under the repurchase program at March 31, 2026
- Credit-agreement change: Amendment No. 4 executed January 2, 2026, with JPMorgan Chase Bank as administrative agent
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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