Complete Filing Data
Baldwin Insurance Group, Inc. reported Stockholders Equity Including Portion Attributable To Noncontrolling Interest of $1.08 billion for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Baldwin Insurance Group, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income * | -$33.8M | -$24.5M | -$90.1M | -$41.8M | -$30.6M | -$15.7M | -$8.7M | -$624.0K |
| Revenue * | $1.49B | $1.38B | $1.21B | $980.7M | $567.3M | |||
| Operating Income Loss | $73.9M | $60.6M | -$42.6M | -$31.1M | -$31.6M | -$21.9M | -$5.1M | $9.5M |
| Net Income Loss Attributable To Noncontrolling Interest | -$20.3M | -$16.6M | -$73.9M | -$35.0M | -$27.5M | -$14.2M | -$13.8M | $3.3M |
| Nonoperating Income Expense | -$126.7M | -$100.0M | -$120.2M | -$44.9M | -$26.5M | -$8.0M | -$17.4M | -$6.8M |
| Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest | -$54.4M | -$41.4M | -$164.3M | -$77.0M | -$58.3M | -$29.9M | -$565.0K | |
| Income Tax Expense Benefit | $1.7M | $1.7M | $1.3M | $715.0K | $19.0K | -$5.0K | $17.0K | $0.00 |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$52.4M | -$39.4M | -$162.7M | -$76.0M | -$58.1M | -$29.9M | -$22.4M | $2.7M |
| Interest Income Expense Net | -$121.4M | -$123.6M | -$119.5M | -$71.1M | -$26.9M | -$7.9M | -$10.6M | -$6.6M |
| Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest | -$53.3M | -$41.1M | -$164.0M | -$76.7M | -$58.1M | -$29.9M | -$22.5M | $2.7M |
| Comprehensive Income Net Of Tax | -$33.3M | -$24.5M | -$90.1M | -$41.8M | -$30.6M | -$15.7M | -$8.7M | -$624.0K |
| Amortization Of Intangible Assets | $121.3M | $102.7M | $92.7M | $81.7M | $48.7M | $19.0M | $10.0M | $2.6M |
| Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest | -$20.0M | -$16.6M | -$73.9M | -$35.0M | -$27.5M | -$14.2M | -$13.8M | $3.3M |
| Other Nonoperating Income Expense | $635.0K | -$194.0K | -$718.0K | $26.1M | $424.0K | -$95.0K | $3.0K | -$215.0K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$18.7M | -$3.2M | $13.9M | -$8.4M | -$17.6M | $21.6M | -$17.6M | -$23.9M | -$14.1M | -$24.8M | $8.6M | $22.9M | -$22.6M | -$13.2M | -$10.1M | $15.3M | -$10.3M | -$3.3M | -$3.6M | $1.5M | -$8.7M | $0.00 | $0.00 | $0.00 | -$1.5M | -$810.0K | -$1.9M | $3.5M |
| Revenue * | $362.3M | $376.2M | $410.5M | $335.2M | $337.1M | $378.1M | $304.2M | $295.6M | $329.5M | |||||||||||||||||||
| Operating Income Loss | $3.2M | $27.9M | $56.0M | $15.4M | $16.5M | $34.3M | $86.0K | -$16.5M | $3.6M | -$29.9M | $25.4M | $39.7M | -$37.9M | -$17.2M | -$13.5M | $37.0M | -$13.8M | -$6.7M | -$6.8M | $5.3M | -$18.5M | $1.5M | $664.0K | $11.3M | $755.0K | $1.3M | $1.1M | $6.3M |
| Net Income Loss Attributable To Noncontrolling Interest | -$11.5M | -$2.0M | $11.0M | -$6.1M | -$13.3M | $17.5M | -$14.4M | -$19.8M | -$11.7M | -$21.9M | $8.0M | $22.0M | -$21.7M | -$11.4M | -$10.3M | $16.0M | -$8.8M | -$4.3M | -$4.3M | $3.2M | -$18.3M | -$2.3M | -$3.0M | $9.7M | $603.0K | $863.0K | $700.0K | $1.1M |
| Nonoperating Income Expense | -$33.6M | -$32.4M | -$31.1M | -$29.9M | -$45.8M | $5.5M | -$31.9M | -$26.5M | -$29.4M | -$16.9M | -$8.8M | $5.1M | -$6.5M | -$7.4M | -$6.9M | -$5.6M | -$5.4M | -$945.0K | -$1.0M | -$585.0K | -$8.4M | -$3.8M | -$3.6M | -$1.6M | -$1.6M | -$1.3M | -$2.3M | -$1.6M |
| Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest | -$30.3M | -$5.2M | $24.8M | -$14.6M | -$31.0M | $39.0M | -$32.1M | -$43.8M | -$25.9M | -$46.8M | $16.5M | $44.8M | -$24.7M | -$20.5M | $31.3M | -$7.6M | -$7.9M | $4.7M | -$28.0M | -$2.6M | -$2.6M | $5.4M | -$568.2K | |||||
| Income Tax Expense Benefit | $0.00 | $685.0K | $0.00 | $0.00 | $1.5M | $667.0K | $161.0K | $665.0K | $78.0K | $0.00 | $0.00 | $0.00 | $19.0K | $0.00 | $0.00 | $0.00 | -$17.0K | $0.00 | $0.00 | $12.0K | $17.0K | $0.00 | $0.00 | $0.00 | ||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$30.2M | -$4.5M | $24.9M | -$14.5M | -$29.4M | $39.8M | -$31.8M | -$43.0M | -$25.8M | -$46.7M | $16.6M | $44.8M | -$44.4M | -$24.6M | -$20.4M | $31.3M | -$19.1M | -$7.6M | -$7.9M | $4.7M | -$26.9M | -$2.3M | -$3.0M | $9.7M | ||||
| Interest Income Expense Net | -$31.1M | -$31.3M | -$30.0M | -$31.3M | -$31.3M | -$31.5M | -$30.6M | -$29.1M | -$27.9M | -$20.8M | -$14.6M | -$10.4M | -$6.9M | -$5.8M | -$5.6M | -$922.0K | -$1.0M | -$585.0K | -$3.8M | -$3.6M | -$1.6M | -$1.3M | ||||||
| Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest | -$29.2M | -$5.1M | $24.9M | -$14.5M | -$30.9M | $39.1M | -$32.0M | -$43.7M | -$25.9M | -$46.7M | $16.6M | $44.8M | -$24.6M | -$20.4M | $31.3M | -$7.6M | -$7.9M | $4.7M | -$2.3M | -$3.0M | $9.7M | $52.4K | ||||||
| Comprehensive Income Net Of Tax | -$17.7M | -$3.2M | $13.9M | -$8.4M | -$17.6M | $21.6M | -$17.6M | -$23.9M | -$14.1M | -$24.8M | $8.6M | $22.9M | -$13.2M | -$10.1M | $15.3M | -$3.3M | -$3.6M | $1.5M | $0.00 | $0.00 | $0.00 | -$810.9K | ||||||
| Amortization Of Intangible Assets | $30.4M | $26.0M | $25.9M | $26.9M | $25.4M | $24.0M | $23.2M | $23.2M | $23.2M | $23.2M | $19.2M | $17.6M | $12.6M | $10.7M | $10.5M | $5.2M | $4.5M | $3.6M | $3.1M | $2.8M | $876.0K | $723.0K | ||||||
| Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest | -$11.5M | -$2.0M | $11.0M | -$6.1M | -$13.3M | $17.5M | -$14.4M | -$19.8M | -$11.7M | -$21.9M | $8.0M | $22.0M | -$11.4M | -$10.3M | $16.0M | -$4.3M | -$4.3M | $3.2M | -$2.3M | -$3.0M | $9.7M | |||||||
| Other Nonoperating Income Expense | $860.0K | $35.0K | -$150.0K | $28.0K | -$461.0K | $538.0K | -$1.4M | $2.7M | -$1.5M | $3.9M | $5.8M | $15.5M | -$478.0K | -$1.1M | $0.00 | -$23.0K | $0.00 | $5.0K | $1.8K |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | $600.2M | $583.2M | $560.4M | $608.1M | $608.4M | $367.8M | $73.3M | -$63.7M | -$39.9M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $346.9M | $312.8M | $227.0M | $230.5M | $227.7M | $142.0M | $71.1M | $8.0M | $3.1M |
| Goodwill | $1.52B | $1.41B | $1.41B | $1.42B | $1.23B | $651.5M | $164.5M | $65.8M | $27.5M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | $34.1M | $85.8M | -$3.5M | $2.7M | $85.7M | $71.0M | $63.1M | $4.9M | |
| Retained Earnings Accumulated Deficit | -$245.2M | -$211.4M | -$186.9M | -$96.8M | -$55.0M | -$24.3M | -$8.7M | $0.00 | |
| Redeemable Noncontrolling Interest Equity Carrying Amount | $519.0K | $453.0K | $394.0K | $487.0K | $269.0K | $98.0K | $23.0K | $46.2M | |
| Property Plant And Equipment Net | $22.5M | $22.0M | $22.7M | $25.4M | $17.5M | $11.0M | $3.3M | $2.1M | |
| Prepaid Expense And Other Assets Current | $13.7M | $11.6M | $12.7M | $9.9M | $8.2M | $4.4M | $3.0M | $1.1M | |
| Premiums Receivable At Carrying Value | $497.0M | $418.5M | $627.8M | $532.0M | $340.8M | $155.5M | $58.8M | $29.4M | |
| Other Liabilities Noncurrent | $0.00 | $61.0K | $123.0K | $164.0K | $3.6M | $2.4M | $2.0M | $2.6M | |
| Liabilities Current | $1.03B | $1.06B | $1.03B | $699.2M | $540.7M | $217.4M | $72.8M | $33.2M | |
| Liabilities And Stockholders Equity | $3.86B | $3.53B | $3.50B | $3.46B | $2.88B | $1.53B | $398.8M | $139.8M | |
| Liabilities | $2.78B | $2.53B | $2.48B | $2.32B | $1.69B | $759.9M | $161.5M | $117.0M | |
| Intangible Assets Net Excluding Goodwill | $978.4M | $953.5M | $1.02B | $1.10B | $944.5M | $554.3M | $92.5M | $29.7M | |
| Cash And Cash Equivalents At Carrying Value | $123.7M | $90.0M | $116.2M | $118.1M | $138.3M | $108.5M | $67.7M | $8.0M | |
| Business Combination Contingent Consideration Liability Noncurrent | $14.3M | $2.6M | $61.3M | $220.2M | $223.5M | $158.7M | $46.3M | $8.9M | |
| Business Combination Contingent Consideration Liability Current | $9.0M | $142.9M | $215.2M | $46.7M | $35.1M | $6.1M | $2.5M | $302.0K | |
| Assets Current | $1.20B | $1.03B | $925.9M | $772.4M | $578.4M | $302.0M | $132.9M | $38.6M | |
| Assets | $3.86B | $3.53B | $3.50B | $3.46B | $2.88B | $1.53B | $398.8M | $139.8M | |
| Accrued Sales Commission Current | $50.9M | $73.1M | $64.3M | $53.9M | $36.0M | $24.3M | $7.5M | $4.0M | |
| Payment For Contingent Consideration Liability Operating Activities | $85.8M | $23.4M | $24.3M | $49.9M | $4.8M | $1.7M | $8.0K | $0.00 | |
| Other Assets Noncurrent | $82.4M | $48.0M | $38.1M | $45.9M | $25.6M | $11.1M | $5.6M | $3.6M | |
| Minority Interest | $483.7M | $425.1M | $458.1M | $531.4M | $578.9M | $402.1M | $164.0M | $937.0K | |
| Accounts Payable And Accrued Liabilities Current | $252.6M | $160.6M | $144.9M | $125.7M | $92.2M | $51.5M | $12.3M | $5.2M | |
| Payment For Contingent Consideration Liability Financing Activities | $66.2M | $98.7M | $27.9M | $48.3M | $7.7M | $1.2M | $980.0K | $2.9M | |
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 | $5.6M | -$4.9M | $61.1M | $32.3M | $45.2M | ||||
| Restricted Cash Current | $164.6M | $104.8M | $112.4M | $89.4M | $33.6M | $3.4M | $0.00 | ||
| Premiums Payable To Insurance Companies | $641.3M | $555.6M | $471.3M | $315.9M | $135.6M | $50.5M | $23.2M | ||
| Secured Long Term Debt | $1.57B | $1.40B | $968.2M | $809.9M | $814.6M | $381.4M | $0.00 | ||
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | $3.2M | $2.8M | $6.4M | $24.9M | $86.5M | $0.00 | $0.00 | ||
| Reduction Of Stockholders Notes Payable To Member Units | |||||||||
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability | $32.3M | $45.2M | $20.5M | $10.8M | $1.2M | ||||
| Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock | $0.00 | $42.0K | $219.0K | $465.0K | $688.0K | $90.0K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | $619.7M | $630.8M | $619.6M | $595.4M | $590.9M | $597.9M | $590.8M | $598.5M | $606.4M | $651.7M | $660.3M | $639.4M | $576.3M | $384.7M | $389.3M | $223.4M | $224.5M | $82.8M | -$203.9M | -$126.7M | -$89.9M | -$51.3M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $325.9M | $383.7M | $299.1M | $344.7M | $360.2M | $234.3M | $194.4M | $212.9M | $186.8M | $250.6M | $283.9M | $243.9M | $421.4M | $276.0M | $122.5M | $58.0M | $204.4M | $56.0M | $17.5M | $15.8M | $10.8M | $7.6M | |
| Goodwill | $1.52B | $1.42B | $1.41B | $1.41B | $1.41B | $1.41B | $1.42B | $1.42B | $1.42B | $1.42B | $1.42B | $1.23B | $885.3M | $671.8M | $669.1M | $344.4M | $335.5M | $197.5M | $170.8M | ||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$13.7M | $7.4M | -$43.7M | $16.2M | -$19.5M | -$15.1M | $2.8M | ||||||||||||||||
| Retained Earnings Accumulated Deficit | -$219.4M | -$200.6M | -$197.5M | -$191.3M | -$182.9M | -$165.3M | -$152.4M | -$134.8M | -$110.9M | -$48.3M | -$23.5M | -$32.1M | -$32.3M | -$19.5M | -$9.7M | -$14.0M | -$10.8M | -$7.2M | -$206.0M | ||||
| Redeemable Noncontrolling Interest Equity Carrying Amount | $510.0K | $445.0K | $371.0K | $375.0K | $286.0K | $455.0K | $333.0K | $495.0K | $538.0K | $424.0K | $350.0K | $288.0K | $223.0K | $173.0K | $125.0K | $101.0K | $71.0K | $39.0K | $82.6M | ||||
| Property Plant And Equipment Net | $21.2M | $21.3M | $22.3M | $21.3M | $22.3M | $23.0M | $24.4M | $24.4M | $25.5M | $24.5M | $22.8M | $18.3M | $13.8M | $11.6M | $11.6M | $7.8M | $6.4M | $4.0M | $2.8M | ||||
| Prepaid Expense And Other Assets Current | $17.7M | $14.9M | $17.4M | $13.5M | $14.1M | $14.9M | $12.4M | $11.7M | $13.2M | $12.3M | $13.5M | $14.2M | $5.8M | $5.2M | $4.6M | $2.7M | $3.2M | $3.3M | $5.7M | ||||
| Premiums Receivable At Carrying Value | $416.1M | $491.4M | $408.0M | $656.1M | $762.8M | $701.9M | $595.4M | $593.9M | $580.3M | $446.1M | $427.4M | $375.3M | $233.2M | $209.7M | $206.6M | $98.3M | $102.6M | $71.6M | $45.2M | ||||
| Other Liabilities Noncurrent | $61.0K | $61.0K | $61.0K | $123.0K | $123.0K | $123.0K | $241.0K | $241.0K | $250.0K | $330.0K | $0.00 | $4.0M | $3.3M | $3.1M | $2.4M | $2.2M | $2.1M | $2.0M | $361.5K | ||||
| Liabilities Current | $959.7M | $1.01B | $933.4M | $1.03B | $1.16B | $1.05B | $798.5M | $827.3M | $772.8M | $573.3M | $570.3M | $531.3M | $383.8M | $354.8M | $250.3M | $124.6M | $144.6M | $82.0M | $65.9M | ||||
| Liabilities And Stockholders Equity | $3.79B | $3.74B | $3.55B | $3.54B | $3.68B | $3.51B | $3.42B | $3.47B | $3.45B | $3.41B | $3.41B | $2.94B | $2.23B | $1.74B | $1.58B | $722.8M | $869.7M | $450.3M | $346.2M | ||||
| Liabilities | $2.67B | $2.69B | $2.50B | $2.50B | $2.64B | $2.44B | $2.35B | $2.37B | $2.32B | $2.19B | $2.15B | $1.70B | $1.12B | $944.0M | $771.4M | $306.1M | $447.0M | $195.4M | $295.2M | ||||
| Intangible Assets Net Excluding Goodwill | $1.02B | $925.5M | $937.6M | $968.8M | $985.4M | $1.00B | $1.04B | $1.06B | $1.08B | $1.12B | $1.13B | $927.6M | $652.7M | $547.2M | $547.8M | $203.6M | $209.5M | $111.3M | $92.4M | ||||
| Cash And Cash Equivalents At Carrying Value | $89.7M | $105.7M | $81.8M | $181.8M | $208.3M | $112.1M | $79.0M | $105.5M | $81.3M | $158.6M | $183.4M | $156.8M | $374.5M | $224.5M | $90.5M | $50.2M | $194.4M | $52.1M | $11.1M | ||||
| Business Combination Contingent Consideration Liability Noncurrent | $11.3M | $10.0M | $2.8M | $2.5M | $6.4M | $6.3M | $175.7M | $178.1M | $167.6M | $188.0M | $166.4M | $207.0M | $137.0M | $88.1M | $137.8M | $78.3M | $74.3M | $51.1M | $32.5M | ||||
| Business Combination Contingent Consideration Liability Current | $17.1M | $6.8M | $45.5M | $201.3M | $203.9M | $229.5M | $97.6M | $116.2M | $118.6M | $41.6M | $43.6M | $20.9M | $44.0M | $90.2M | $27.5M | $7.1M | $4.2M | $2.8M | $2.6M | ||||
| Assets Current | $1.11B | $1.24B | $1.06B | $1.01B | $1.14B | $951.1M | $802.1M | $818.4M | $780.5M | $710.9M | $726.5M | $635.2M | $660.4M | $490.8M | $333.8M | $159.1M | $310.3M | $130.9M | $68.5M | ||||
| Assets | $3.79B | $3.74B | $3.55B | $3.54B | $3.68B | $3.51B | $3.42B | $3.47B | $3.45B | $3.41B | $3.41B | $2.94B | $2.23B | $1.74B | $1.58B | $722.8M | $869.7M | $450.3M | $346.2M | ||||
| Accrued Sales Commission Current | $68.7M | $72.0M | $87.5M | $71.2M | $73.7M | $85.7M | $65.9M | $64.5M | $63.0M | $60.8M | $56.1M | $52.3M | $35.5M | $32.4M | $33.7M | $12.0M | $13.2M | $9.7M | $7.1M | ||||
| Payment For Contingent Consideration Liability Operating Activities | $78.2M | $16.3M | $857.0K | $11.1M | $0.00 | ||||||||||||||||||
| Other Assets Noncurrent | $68.9M | $64.7M | $49.2M | $47.4M | $43.8M | $39.8M | $41.7M | $44.6M | $43.9M | $39.9M | $34.3M | $45.5M | $20.8M | $14.9M | $14.8M | $7.9M | $8.0M | $6.5M | |||||
| Minority Interest | $508.0M | $419.1M | $428.4M | $440.9M | $452.4M | $473.4M | $482.8M | $498.2M | $520.2M | $571.9M | $599.2M | $599.3M | $535.2M | $407.5M | $416.3M | $193.2M | $198.0M | $172.0M | |||||
| Accounts Payable And Accrued Liabilities Current | $221.7M | $158.3M | $157.2M | $164.3M | $132.3M | $132.2M | $131.4M | $110.1M | $108.6M | $114.2M | $104.3M | $87.3M | $62.3M | $49.6M | $41.4M | $21.9M | $16.7M | $11.1M | |||||
| Payment For Contingent Consideration Liability Financing Activities | $32.8M | $32.8M | $4.7M | $14.0M | $0.00 | ||||||||||||||||||
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 | $2.0M | -$2.0M | $8.1M | -$952.0K | $5.6M | $12.7M | $13.9M | $16.4M | $24.8M | $21.7M | -$26.9M | -$5.6M | $11.3M | $535.2K | $350.5K | ||||||||
| Restricted Cash Current | $163.0M | $151.8M | $122.2M | $115.4M | $107.4M | $105.5M | $92.0M | $100.5M | $87.1M | $47.0M | $51.5M | $32.0M | $7.8M | $10.1M | $3.8M | $6.4M | |||||||
| Premiums Payable To Insurance Companies | $589.2M | $740.6M | $599.8M | $502.1M | $534.9M | $481.1M | $356.7M | $366.2M | $309.3M | $175.5M | $177.6M | $143.6M | $83.6M | $110.5M | $58.4M | $42.9M | |||||||
| Secured Long Term Debt | $1.57B | $1.49B | $1.50B | $1.40B | $1.40B | $967.0M | $969.7M | $807.7M | $808.8M | $811.0M | $812.1M | $813.2M | $477.3M | $478.0M | $380.8M | ||||||||
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | $1.4M | $1.9M | $3.1M | $5.3M | $0.00 | ||||||||||||||||||
| Reduction Of Stockholders Notes Payable To Member Units | $21.0K | $21.0K | $68.0K | $44.0K | $44.0K | $43.0K | $43.0K | $116.0K | $54.0K | $74.0K | $41.0K | $4.0K | |||||||||||
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability | -$26.9M | -$5.6M | $11.3M | $13.3M | -$1.5M | $6.5M | $4.6M | $1.7M | $535.0K | -$971.0K | -$2.8M | ||||||||||||
| Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock | $0.00 | $0.00 | $21.0K | $63.0K | $131.0K | $175.0K | $263.0K | $306.0K | $349.0K | $519.0K | $573.0K | $647.0K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Stock Issued During Period Value Share Based Compensation | $35.3M | $42.3M | $43.7M | $28.6M | $17.6M | $4.8M | ||
| Share Based Compensation | $71.1M | $65.5M | $60.0M | $47.4M | $19.2M | $7.7M | $3.2M | $1.2M |
| Net Cash Provided By Used In Operating Activities | -$29.4M | $51.5M | $46.0K | -$2.5M | $40.1M | $36.8M | $12.0M | $11.8M |
| Net Cash Provided By Used In Investing Activities | -$140.3M | $13.3M | -$21.9M | -$414.4M | -$678.5M | -$677.8M | -$101.0M | -$42.5M |
| Net Cash Provided By Used In Financing Activities | $203.8M | $21.1M | $18.4M | $419.6M | $724.1M | $711.9M | $152.1M | $35.6M |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $9.7M | $7.2M | $6.8M | $10.4M | $9.7M | $1.6M | $2.6M | $1.3M |
| Increase Decrease In Premiums Receivable | $45.1M | $42.4M | $50.3M | $183.0M | $64.5M | $6.8M | $6.0M | -$663.0K |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -$11.2M | -$488.0K | $6.1M | $173.4M | $55.2M | $27.3M | $9.0M | $1.3M |
| Depreciation Amortization And Accretion Net | $127.8M | $108.9M | $98.4M | $86.4M | $51.5M | $20.2M | $10.5M | $3.1M |
| Proceeds From Lines Of Credit | $263.0M | $106.0M | $111.0M | $512.0M | $420.2M | $385.6M | $69.6M | $24.5M |
| Payments Of Debt Issuance Costs | $164.0K | $18.0M | $5.0M | $1.8M | $1.1M | $4.5M | $481.0K | $356.0K |
| Payments To Acquire Investments | $16.7M | $3.9M | $1.7M | $1.1M | $1.9M | $1.3M | $200.0K | $0.00 |
| Payments To Acquire Businesses Net Of Cash Acquired | $85.5M | $0.00 | $0.00 | $387.9M | $668.0M | $669.2M | $98.4M | $35.1M |
| Payments To Acquire Property Plant And Equipment | $21.4M | $22.0M | $5.3M | $5.5M | $1.7M | $525.0K | ||
| Payments To Acquire Assets Investing Activities | $2.1M | $3.4M | $3.2M | $1.9M | $679.0K | $6.9M | ||
| Increase Decrease In Operating Lease Liability | -$16.1M | -$13.8M | -$13.2M | $16.5M | $83.9M | $0.00 | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Issued During Period Value Share Based Compensation | $9.1M | $6.3M | $15.2M | $7.5M | $13.9M | $13.9M | $8.9M | $14.3M | $12.9M | $7.9M | $6.7M | $6.6M | $3.3M | $5.5M | $2.5M | $1.2M | $1.6M | $645.0K | $794.0K | |
| Share Based Compensation | $12.8M | $14.1M | $13.3M | $7.6M | $3.5M | $1.1M | $0.00 | |||||||||||||
| Net Cash Provided By Used In Operating Activities | -$64.0M | $3.0M | -$14.0M | -$3.4M | $3.3M | $5.0M | $4.9M | |||||||||||||
| Net Cash Provided By Used In Investing Activities | -$8.6M | $44.6M | -$5.1M | -$3.1M | -$18.4M | -$39.9M | -$36.2M | |||||||||||||
| Net Cash Provided By Used In Financing Activities | $58.9M | -$40.3M | -$24.5M | $22.7M | -$4.4M | $19.8M | $34.1M | |||||||||||||
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $6.7M | $4.6M | $4.9M | $8.9M | $467.0K | $634.0K | $285.0K | |||||||||||||
| Increase Decrease In Premiums Receivable | $47.8M | $32.8M | $48.4M | $35.4M | $50.4M | $5.2M | $1.0M | |||||||||||||
| Increase Decrease In Accounts Payable And Accrued Liabilities | $9.9M | $232.0K | -$163.0K | $627.0K | $7.8M | -$527.0K | -$2.2M | |||||||||||||
| Depreciation Amortization And Accretion Net | $27.5M | $25.5M | $24.5M | $18.6M | $11.1M | $3.8M | $1.0M | |||||||||||||
| Proceeds From Lines Of Credit | $9.0M | $70.0M | $50.0M | $40.0M | $0.00 | $20.0M | $29.3M | |||||||||||||
| Payments Of Debt Issuance Costs | $0.00 | $1.2M | $59.0K | $230.0K | $15.0K | |||||||||||||||
| Payments To Acquire Investments | $620.0K | $3.2M | $100.0K | $639.0K | $0.00 | $0.00 | $200.0K | |||||||||||||
| Payments To Acquire Businesses Net Of Cash Acquired | $0.00 | $17.4M | $39.3M | $35.6M | ||||||||||||||||
| Payments To Acquire Property Plant And Equipment | $8.1M | $3.5M | $1.8M | $1.0M | $583.0K | $416.0K | ||||||||||||||
| Payments To Acquire Assets Investing Activities | $0.00 | $1.5M | $700.0K | $0.00 | ||||||||||||||||
| Increase Decrease In Operating Lease Liability | -$4.1M | -$2.7M | -$468.0K | $2.0M | $55.9M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Diluted EPS * | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 |
| Weighted Average Number Of Shares Outstanding Basic | 67.9M | 63.5M | 60.1M | 56.8M | 47.6M | 27.2M |
| Weighted Average Number Of Diluted Shares Outstanding | 67.9M | 63.5M | 60.1M | 56.8M | 47.6M | 27.2M |
| Earnings Per Share Basic | $-0.50 | $-0.39 | $-1.50 | $-0.74 | $-0.64 | $-0.58 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted EPS * | -$0.27 | -$0.05 | $0.20 | -$0.13 | -$0.28 | $0.33 | -$0.29 | -$0.40 | -$0.24 | -$0.43 | $0.14 | $0.39 | -$0.28 | -$0.23 | $0.33 | -$0.10 | -$0.18 | $0.07 | -$0.48 |
| Weighted Average Number Of Shares Outstanding Basic | 68.6M | 68.0M | 66.1M | 64.0M | 63.1M | 61.9M | 60.5M | 60.1M | 58.7M | 57.3M | 56.3M | 55.7M | 46.4M | 44.7M | 44.3M | 20.4M | 19.5M | ||
| Weighted Average Number Of Diluted Shares Outstanding | 68.6M | 68.0M | 69.3M | 64.0M | 63.1M | 65.3M | 60.5M | 60.1M | 58.7M | 57.3M | 59.9M | 58.7M | 46.4M | 44.7M | 45.8M | 20.4M | 19.8M | ||
| Earnings Per Share Basic | $-0.27 | $-0.05 | $0.21 | $-0.13 | $-0.28 | $0.35 | $-0.29 | $-0.40 | $-0.24 | $-0.43 | $0.15 | $0.41 | $-0.28 | $-0.23 | $0.35 | $-0.18 | $0.08 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Costs And Expenses | $1.43B | $1.33B | $1.26B | $1.01B | $598.9M | $262.9M | $142.9M | $70.4M |
| Operating Costs And Expenses | $240.3M | $192.4M | $190.3M | $173.7M | $102.2M | $48.1M | $24.6M | $14.4M |
| Labor And Related Expense | $777.5M | $762.2M | $699.9M | $719.4M | $400.1M | $174.1M | $97.0M | $51.7M |
| Depreciation | $6.5M | $6.2M | $5.7M | $4.6M | $2.8M | $1.1M | $542.0K | $508.0K |
| Insurance Commissions And Fees | $980.7M | $567.3M | $240.9M | $137.8M | $79.9M | |||
| Interest Paid Net | $115.3M | $111.4M | $105.4M | $62.7M | $22.1M | $6.0M | $9.5M | $3.4M |
| Amortization Of Financing Costs | $5.7M | $5.8M | $5.1M | $5.1M | $3.5M | $1.0M | $1.3M | $118.0K |
| Additional Paid In Capital | $844.2M | $794.0M | $746.7M | $704.3M | $663.0M | $392.1M | $82.4M | $0.00 |
| Stock Repurchased During Period Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.3M | ||
| Repayments Of Lines Of Credit | $156.0M | $447.0M | $275.0M | $42.0M | $385.2M | $325.0M | $66.2M | $0.00 |
| Long Term Line Of Credit | $107.0M | $0.00 | $341.0M | $505.0M | $35.0M | $0.00 | $40.4M | $33.9M |
| Noncontrolling Interest Increase From Business Combination | $97.9M | $0.00 | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Costs And Expenses | $362.2M | $350.9M | $357.4M | $323.5M | $323.4M | $346.1M | $306.2M | $313.7M | $326.8M | $289.2M | $207.0M | $203.1M | $197.1M | $152.7M | $133.2M | $115.9M | $83.4M | $72.5M | $58.1M | $48.9M | $55.1M | $36.9M | $32.4M | $18.5M | $20.1M | $17.2M | $17.6M | $15.5M |
| Operating Costs And Expenses | $56.0M | $56.1M | $58.0M | $48.8M | $46.6M | $45.8M | $47.2M | $47.5M | $46.6M | $47.2M | $40.8M | $36.4M | $28.0M | $19.5M | $16.9M | $12.1M | $9.5M | $8.9M | $6.3M | $6.4M | $4.0M | $3.6M | ||||||
| Labor And Related Expense | $193.0M | $195.5M | $198.0M | $172.6M | $175.7M | $201.1M | $220.5M | $225.2M | $231.0M | $195.9M | $172.8M | $153.8M | $100.1M | $89.1M | $89.4M | $48.5M | $39.3M | $34.5M | $26.8M | $24.0M | $16.3M | $12.4M | ||||||
| Depreciation | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $1.4M | $1.3M | $1.2M | $1.1M | $988.0K | $753.0K | $573.0K | $594.0K | $258.0K | $240.0K | $165.0K | $184.0K | $149.0K | $127.0K | $126.5K | ||||||
| Insurance Commissions And Fees | $306.3M | $297.2M | $330.4M | $259.4M | $232.5M | $242.8M | $159.2M | $135.6M | $119.7M | $152.8M | $69.6M | $65.8M | $51.3M | $54.2M | $36.6M | $38.4M | $33.1M | $29.8M | $20.9M | $18.5M | $18.7M | $21.8M | ||||||
| Interest Paid Net | $13.8M | $27.9M | $24.9M | $9.0M | $5.8M | $573.0K | $1.3M | |||||||||||||||||||||
| Amortization Of Financing Costs | $1.4M | $1.6M | $1.2M | $1.3M | $693.0K | $76.0K | $200.0K | |||||||||||||||||||||
| Additional Paid In Capital | $837.3M | $830.7M | $816.4M | $785.9M | $773.1M | $762.6M | $742.6M | $732.7M | $716.6M | $699.4M | $683.3M | $671.1M | $608.3M | $404.0M | $398.9M | $237.6M | $235.5M | $90.4M | ||||||||||
| Stock Repurchased During Period Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.3M | |||||||||||||||
| Repayments Of Lines Of Credit | $9.0M | $77.0M | $70.0M | $0.00 | ||||||||||||||||||||||||
| Long Term Line Of Credit | $0.00 | $0.00 | $334.0M | $324.0M | $470.0M | $485.0M | $527.0M | $525.0M | $75.0M | $120.0M | $20.0M | $101.0M | $226.0M | $60.4M | $105.0M | |||||||||||||
| Noncontrolling Interest Increase From Business Combination | $97.9M | $2.9M | $1.9M | $71.9M | $1.3M | $2.5M | $445.0K | $40.0M | $12.2M | $1.0M |
Most recent annual filing with the SEC: February 26, 2026
Data sourced from SEC EDGAR public filings as of August 5, 2026.