Baldwin Q3 revenue rises 31% to $480.3 million, but net loss widens to $81.6 million
Baldwin Insurance Group reported preliminary, unaudited third-quarter 2026 results with revenue up 31% to $480.3 million and adjusted EBITDA up 47% to $106.9 million. The GAAP net loss widened to $81.6 million from $30.2 million a year earlier, and the company's pending $32.50-per-share all-cash take-private deal remains on track for the first quarter of 2027.
Key points
- Total revenue of $480.3 million, up 31% from $365.4 million; organic revenue growth of 6%
- GAAP net loss of $81.6 million for the quarter, compared with a net loss of $30.2 million in the prior-year period
- Adjusted EBITDA of $106.9 million, up 47%; net cash from operating activities of $54.2 million
- Merger agreement signed September 14, 2026 at $32.50 per share in cash; expected to close in the first quarter of 2027
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.