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Baldwin Insurance Group, Inc.

Baldwin Insurance Group, Inc.BWINEarnings & Financial Report

Nasdaq

The Baldwin Piano Company is an American piano brand. It was once the largest US-based manufacturer of keyboard instruments and was known by the slogan, "America's Favorite Piano". Since 2001, it has been a subsidiary of Gibson Brands, Inc. Baldwin ceased domestic production in December 2008, moving its piano manufacturing to China.

NextMar 31, 2026

BWIN Q3 2025 Key Financial Metrics

Revenue

$362.3M

Gross Profit

N/A

Operating Profit

$3.2M

Net Profit

$-18.7M

Gross Margin

N/A

Operating Margin

0.9%

Net Margin

-5.2%

YoY Growth

8.1%

EPS

$-0.27

Financial Flow

Baldwin Insurance Group, Inc. Q3 2025 Financial Summary

Baldwin Insurance Group, Inc. reported revenue of $362.3M for Q3 2025, with a net profit of $-18.7M (-5.2% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$362.3M
Net Profit$-18.7M
Gross MarginN/A
Operating Margin0.9%
Report PeriodQ3 2025

Baldwin Insurance Group, Inc. Annual Revenue by Year

Baldwin Insurance Group, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.4B).

YearAnnual Revenue
2024$1.4B
2023$1.2B
2022$-71.1M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$282.5M$378.1M$337.1M$335.2M$326.7M$410.5M$376.2M$362.3M
YoY Growth1215.6%14.7%14.1%10.2%15.6%8.6%11.6%8.1%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$3.50B$3.51B$3.68B$3.54B$3.53B$3.55B$3.74B$3.79B
Liabilities$2.48B$2.44B$2.64B$2.50B$2.53B$2.50B$2.69B$2.67B
Equity$560.4M$597.9M$590.9M$595.4M$583.2M$619.6M$630.8M$619.7M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$21.8M$2.9M$80.7M$2.1M$16.4M$-64.0M$-16.7M$41.0M