NASDAQ$BWIN

Baldwin Insurance Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Revenue doubled and industry-leading organic growth was generated.

BRP Group, Inc. reported a strong third quarter with revenue increasing by 106% year-over-year to $135.6 million and organic revenue growth of 26%. The company closed five Partner acquisitions during the quarter and continued to see rapid growth in its 'MGA of the Future' platform.

  • Revenue increased 106% year-over-year to $135.6 million.
  • Organic Revenue Growth was 26% year-over-year.
  • "MGA of the Future" revenue grew 48% year-over-year to $25.9 million.
  • Adjusted EBITDA grew 79% to $19.6 million.

Headline financials

Total Revenue

$136M

Previous: $65.8M+105.9%
EPS (adj)

$0.11

Previous: $0.11+0.0%
Organic Revenue Growth

26.0%

Previous: 20.0%+30.0%
Adjusted EBITDA Margin

14.0%

No prior period
Capital Expenditures

-$3.19M

Previous: -$4.14M+22.9%
Free Cash Flow

-$16M

Previous: -$7.4M-116.4%
Net Income

-$12.8M

Previous: -$3.27M-292.7%
Operating Income

-$16.8M

Previous: -$6.67M-151.9%
Gross Profit

$108M

Previous: $53.7M+101.1%
Cash & Equivalents

$374M

Previous: $50.2M+645.6%
Total Assets

$2.23B

Previous: $723M+209.0%
Stock-Based Comp

$3.83M

Previous: $2.24M+71.2%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$136M

Q3 2021+105.9%vs Q3 2020
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Forward guidance

Not mentioned in this earnings report.

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 Q3 2021

Historical avgQ3 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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