For the quarter ending 2026-03-31, BWIN had $109,224K increase in cash & cash equivalents over the period. -$18,737K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Loss on extinguishment of debt | - | 0 | -26 | 0 |
| Loss on interest rate caps | - | - | - | -18 |
| Net income (loss) | -1,896 | -43,674 | -30,237 | 19,757 |
| Depreciation and amortization | 57,078 | 40,670 | 32,043 | 55,117 |
| Change in fair value of contingent consideration | 1,969 | -2,490 | 1,980 | 6,104 |
| Share-based compensation expense | 12,818 | 19,341 | 22,017 | 29,755 |
| Payment of contingent earnout consideration in excess of purchase price accrual | 5,876 | 694 | 0 | 85,090 |
| Gain on divestitures | 0 | 0 | 0 | 290 |
| Amortization of deferred financing costs | 1,665 | 1,424 | 1,423 | 2,843 |
| Other operating activity | 1,160 | -229 | 1,579 | -748 |
| Assumed premiums, commissions and fees receivable, net | 55,666 | -4,330 | -4,504 | 53,896 |
| Prepaid expenses and other current assets | 6,627 | 2,105 | 2,639 | 4,916 |
| Right-of-use assets | 8,811 | -28,054 | 4,097 | 7,950 |
| Accounts payable, accrued expenses and other current liabilities | 2,423 | -6,322 | 14,829 | -19,727 |
| Colleague earnout incentives | 0 | 0 | -989 | -31,824 |
| Operating lease liabilities | -4,739 | -4,400 | -4,440 | -7,253 |
| Deferred taxes | -14,873 | - | - | - |
| Net cash used in operating activities | -6,073 | 10,269 | 41,017 | -80,704 |
| Cash consideration paid for business combinations, net of cash received | 452,377 | 0 | 73,812 | 11,699 |
| Deferred payments for business combinations | 25,000 | - | - | - |
| Cash consideration paid for asset acquisitions | - | 460 | - | - |
| Proceeds from repayment of loans to business ventures | - | 0 | 0 | 0 |
| Capital expenditures | 12,664 | 10,353 | 8,864 | 20,310 |
| Investments in and loans for business ventures | 87 | 346 | 700 | 15,633 |
| Proceeds from divestitures, net of cash transferred | 0 | 0 | 0 | 1,901 |
| Cash consideration paid for asset acquisitions | 616 | - | 0 | 460 |
| Net cash used in investing activities | -491,204 | -10,699 | -83,376 | -46,201 |
| Change in fiduciary receivables and liabilities, net | 17,509 | 12,993 | 41,786 | -55,283 |
| Repurchase of common stock | 46,966 | - | - | - |
| Proceeds from revolving line of credit | 245,000 | 49,000 | 93,000 | 121,000 |
| Payments on revolving line of credit | 161,000 | 8,000 | 139,000 | 9,000 |
| Proceeds from refinancing of long-term debt | 600,000 | 0 | 1,006,121 | 935,800 |
| Proceeds from the sale and settlement of interest rate caps | - | 0 | - | - |
| Payments relating to extinguishment and modification of long-term debt | 0 | 0 | 931,121 | 835,800 |
| Tax distributions to baldwin holdings' llc members | - | 0 | 0 | 0 |
| Payments on long-term debt | 6,538 | 0 | 2,515 | 4,679 |
| Payments of deferred financing costs | 4,040 | 72 | 92 | 0 |
| Payment of contingent earnout consideration up to amount of purchase price accrual | 0 | 1,915 | 0 | 64,256 |
| Other financing activity | -2,446 | -4,637 | -6 | -510 |
| Net cash provided by financing activities | 606,501 | 21,383 | -15,399 | 197,838 |
| Net increase (decrease) in cash and cash equivalents and fiduciary cash | 109,224 | 20,953 | -57,758 | 70,933 |
| Cash and cash equivalents and fiduciary cash at beginning of period | 346,897 | 325,944 | 312,769 | - |
| Cash and cash equivalents and fiduciary cash at end of period | 456,121 | 346,897 | 325,944 | - |
Baldwin Insurance Group, Inc. (BWIN)
Baldwin Insurance Group, Inc. (BWIN)