Earnings Releases·Nov 9, 2026, 4:08 PM ET

The Baldwin Group — Third Quarter 2026 Earnings Summary

Total revenue grew 31% year-over-year to $480.3 million in Q3 2026, driven by the CAC Group acquisition, while adjusted EBITDA rose 47% to $106.9 million and adjusted free cash flow increased 33% to $55.6 million.
The company reported a GAAP net loss of $81.6 million ($0.63 per share) due to $21.0 million in Go-Private transaction costs, alongside a long-term debt increase to $2.148 billion and goodwill rising to $2.65 billion.
A definitive all-cash merger agreement was signed for a take-private transaction valued at $32.50 per share, led by Sequence AI Holdings and DFO Management, with closing expected in Q1 2027 subject to regulatory approvals.
Strategic initiatives include the execution of a "$3B/30 Catalyst Program" for automation and AI, and $126.8 million in common stock repurchases during the first nine months of 2026.