Baldwin Insurance Q3 revenue misses estimates
BWIN•The Baldwin Insurance Group’s preliminary Q3 revenue rose 31% to $480.26 million, below the $493.10 million analyst consensus. Adjusted EBITDA increased 47% to $106.86 million, slightly missing estimates, and the company said it entered a take-private merger agreement expected to close in Q1 2027.
1. Quarterly results
The Baldwin Insurance Group reported preliminary Q3 revenue of $480.26 million, up 31% but below the $493.10 million consensus estimate. Adjusted EBITDA grew 47% to $106.86 million, slightly below the $107.53 million consensus, while the company recorded a net loss of $81.64 million.
2. Growth and merger
The company said revenue growth was driven by commissions and fees from newly acquired partners, while organic revenue grew 6% year over year. Partnership transaction and integration expenses contributed to the quarterly net loss. It entered a definitive merger agreement for a take-private deal expected to close in Q1 2027, and did not provide specific guidance for future quarters or the full year.
