NASDAQ$BWIN

Baldwin Insurance Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Revenue more than doubled and organic growth was the best as a public company.

BRP Group, Inc. reported a significant increase in revenue for the second quarter of 2021, with a 133% year-over-year growth to $119.7 million. The company also experienced strong organic revenue growth of 32%.

  • Revenue increased 133% year-over-year to $119.7 million.
  • Organic Revenue Growth was 32% year-over-year.
  • GAAP net loss of $20.1 million and GAAP loss per share attributable to BRP Group of $0.22.
  • Adjusted EBITDA grew 143% to $20.4 million, compared to $8.4 million in the prior-year period.

Headline financials

Total Revenue

$120M

Previous: $51.3M+133.5%
EPS (adj)

$0.14

Previous: $0.10+40.0%
Organic Revenue Growth

32.0%

Previous: 19.0%+68.4%
Adjusted EBITDA Margin

17.0%

No prior period
Capital Expenditures

-$1.76M

Previous: -$2.62M+33.0%
Free Cash Flow

-$11.5M

Previous: -$6.21M-85.5%
Net Income

-$9.76M

Previous: -$3.59M-171.9%
Operating Income

-$13.2M

Previous: -$6.81M-93.8%
Gross Profit

$101M

Previous: $41.7M+140.9%
Cash & Equivalents

$224M

Previous: $194M+15.5%
Total Assets

$1.74B

Previous: $870M+99.7%
Stock-Based Comp

$4.55M

Previous: $1.98M+129.8%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$120M

Q2 2021+133.5%vs Q2 2020
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.0%

Avg return

30 days after

57%

16 / 28 earnings

Positive

+25.6%

Q4 2025

Best reaction

-25.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-8.4%-14.8%
Q4 2025+25.6%+19.3%+14.1%
Q3 2025+10.0%+15.1%+8.9%
Q3 2026+2.8%+19.9%+15.6%
Q2 2025-16.7%-13.4%-12.6%
Q1 2025-4.3%-3.8%-5.6%
Q4 2024+1.8%-1.7%+13.2%
Q3 2024-10.3%+1.7%+8.5%
Q2 2024+3.3%+1.8%+13.0%
Q1 2024+11.8%+6.7%+20.6%
Q4 2023+2.7%+9.8%+6.8%
Q3 2023-11.9%-9.8%-12.0%
Q2 2023-3.6%+0.4%+7.9%
Q1 2023-4.4%-4.8%-5.0%
Q4 2022-3.0%-4.9%-12.1%
Q3 2022+1.7%+6.5%-0.3%
Q2 2022+3.7%+7.7%+10.1%
Q1 2022-25.4%-2.6%+7.3%
Q4 2021-2.2%-4.4%-3.4%
Q3 2021+2.0%+7.0%-0.3%
Q2 2021+17.9%+26.8%+38.1%
Q1 2021-5.9%-6.6%+4.9%
Q4 2020+1.5%+0.1%+6.9%
Q3 2020+5.4%+5.2%-5.8%
Q2 2020+7.6%+4.9%+31.2%
Q1 2020+2.0%+16.5%+47.9%
Q4 2019+11.5%+8.8%-8.1%
Q3 2019-7.1%-14.2%-6.8%
Q2 2019
Q4 2018
Q3 2018

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