NASDAQ$BWIN

Baldwin Insurance Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 results, with revenue growing and double-digit organic growth achieved.

BRP Group reported a 55% year-over-year increase in revenue for the fourth quarter of 2022, reaching $246.0 million. Organic revenue growth was 26% year-over-year. The company's adjusted EBITDA grew 94% to $39.2 million, with an adjusted EBITDA margin of 16%. However, the company experienced a GAAP net loss of $91.5 million, or $0.84 per share.

  • Revenue increased 55% year-over-year to $246.0 million.
  • Organic Revenue Growth was 26% year-over-year.
  • GAAP net loss of $91.5 million and GAAP loss per share of $0.84.
  • Adjusted EBITDA grew 94% to $39.2 million with Adjusted EBITDA Margin of 16%.

Headline financials

Total Revenue

$246M

Previous: $159M+54.6%
EPS (adj)

$0.12

Previous: $0.10+20.0%
Organic Revenue Growth

26.0%

Previous: 18.0%+44.4%
Adjusted EBITDA Margin

16.0%

Previous: 13.0%+23.1%
Capital Expenditures

$6.58M

Previous: $2.13M+208.4%
Free Cash Flow

$7.61M

Previous: $11M-30.5%
Net Income

-$91.5M

Previous: -$44.4M-106.0%
Operating Income

-$66.4M

Previous: -$37.9M-75.4%
Gross Profit

$49.1M

Previous: $37.7M+30.4%
Cash & Equivalents

$118M

Previous: $138M-14.6%
Total Assets

$3.46B

Previous: $2.88B+20.4%
Stock-Based Comp

$21.3M

Previous: $7.27M+193.2%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$246M

Q4 2022+54.6%vs Q4 2021
Beat estimate in 13 of 16 quarters(81%)
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 Q4 2022

Historical avgQ4 2022

+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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