Quarterly ResultMay 4, 2026, 04:24 PM
Baldwin Group Q1 Revenue +29% to $532.2M; Net Loss $1.9M
AI Summary
The Baldwin Group announced its first quarter 2026 financial results, reporting a 29% increase in total revenue to $532.2 million and a 21% rise in Adjusted EBITDA to $137.2 million. Despite strong revenue growth and early contributions from new partnerships, the company posted a GAAP net loss of $1.9 million, a significant decline from a net income of $24.9 million in the prior-year period. Organic revenue growth was 2%, with management noting normalized organic growth of approximately 9% inclusive of new partnerships, and reaffirmed its target for accelerating organic growth through the year.
Key Highlights
- Total revenue increased 29% year-over-year to $532.2 million.
- GAAP net loss was $1.9 million, compared to net income of $24.9 million in Q1 2025.
- Adjusted EBITDA grew 21% to $137.2 million.
- Organic revenue growth was 2% year-over-year.
- GAAP diluted earnings per share was $0.02, down from $0.20 in Q1 2025.
- Adjusted diluted EPS decreased 3% year-over-year to $0.63.
- Net cash used in operating activities was $6.1 million.
- Cash and cash equivalents were $146 million as of March 31, 2026.