The Baldwin Group — Third Quarter 2026 Earnings Summary

The Baldwin Group reported preliminary third-quarter 2026 total revenue of $480.3 million, representing a 31% increase from the prior-year period. The company recorded a GAAP net loss of $81.6 million, while adjusted EBITDA grew 47% to $106.9 million with a margin of 22.2%. Adjusted free cash flow increased 33% year-over-year to $55.6 million, and net cash provided by operating activities was $54.2 million. On September 14, 2026, the company entered into a definitive merger agreement to be acquired in an all-cash transaction at $32.50 per share, with closing expected in the first quarter of 2027.