7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 
      
    		                         
      assets
    		                         
      current assets:
    		                         
      cash and cash equivalents
    		89,723,000 105,695,000 81,781,000 148,120,000 181,759,000 208,334,000 112,113,000 116,209,000 78,965,000 105,546,000 81,299,000 118,090,000 158,600,000 183,402,000 156,811,000 138,292,000 374,450,000 224,479,000 90,544,000 108,462,000 50,220,000 194,378,000 52,125,000 67,689,000 11,106,139 
      fiduciary cash
    		236,221,000 278,007,000 217,280,000                       
      assumed premiums, commissions and fees receivable
    		346,466,000 349,639,000 331,342,000                       
      fiduciary receivables
    		416,083,000 491,423,000 408,000,000                       
      prepaid expenses and other current assets
    		17,702,000 14,945,000 17,417,000 11,625,000 13,454,000 14,050,000 14,909,000 12,730,000 12,370,000 11,654,000 13,199,000 9,823,000 12,318,000 13,533,000 14,226,000 8,151,000 5,843,000 5,156,000 4,643,000 4,447,000 2,689,000 3,205,000 3,287,000 3,019,000 5,663,632 
      total current assets
    		1,106,195,000 1,239,709,000 1,055,820,000 1,026,490,000 1,014,281,000 1,137,054,000 951,118,000 925,905,000 802,123,000 818,408,000 780,475,000 772,399,000 710,891,000 726,530,000 635,181,000 578,393,000 660,442,000 490,804,000 333,784,000 301,989,000 159,073,000 310,337,000 130,923,000 132,926,000 68,452,200 
      property and equipment
    		21,193,000 21,336,000 22,332,000 21,972,000 21,263,000 22,348,000 22,994,000 22,713,000 24,378,000 24,402,000 25,470,000 25,405,000 24,500,000 22,756,000 18,280,000 17,474,000 13,776,000 11,558,000 11,577,000 11,019,000 7,791,000 6,358,000 4,027,000 3,322,000 2,794,425 
      right-of-use assets
    		64,266,000 67,100,000 71,357,000 72,367,000 74,960,000 79,148,000 83,461,000 85,473,000 88,586,000 92,921,000 95,316,000 96,465,000 98,049,000 86,374,000 83,014,000 81,646,000          
      other assets
    		68,945,000 64,708,000 49,217,000 48,041,000 47,356,000 43,841,000 39,777,000 38,134,000 41,738,000 44,582,000 43,878,000 45,935,000 39,890,000 34,316,000 45,543,000 25,586,000 20,847,000 14,885,000 14,795,000 11,084,000 7,949,000 7,994,000 6,505,000 5,600,000  
      intangible assets
    		1,016,687,000 925,549,000 937,612,000 953,492,000 968,811,000 985,425,000 1,000,274,000 1,017,343,000 1,044,824,000 1,062,969,000 1,081,074,000 1,099,918,000 1,118,129,000 1,125,388,000 927,605,000 944,467,000 652,723,000 547,227,000 547,751,000 554,320,000 203,555,000 209,453,000 111,264,000 92,450,000 92,392,570 
      goodwill
    		1,516,488,000 1,420,583,000 1,412,369,000 1,412,369,000 1,412,369,000 1,412,369,000 1,412,369,000 1,412,369,000 1,421,849,000 1,421,849,000 1,422,060,000 1,422,060,000 1,420,929,000 1,415,281,000 1,232,399,000 1,228,741,000 885,321,000 671,826,000 669,126,000 651,502,000 344,396,000 335,526,000 197,531,000 164,470,000 170,815,670 
      total assets
    		3,793,774,000 3,738,985,000 3,548,707,000 3,534,731,000 3,539,040,000 3,680,185,000 3,509,993,000 3,501,937,000 3,423,498,000 3,465,131,000 3,448,273,000 3,462,182,000 3,412,388,000 3,410,645,000 2,942,022,000 2,876,307,000 2,233,109,000 1,736,300,000 1,577,033,000 1,529,914,000 722,764,000 869,668,000 450,250,000 398,768,000 346,199,126 
      liabilities, mezzanine equity and stockholders’ equity
    		                         
      current liabilities:
    		                         
      fiduciary liabilities
    		652,304,000 769,430,000 625,280,000                       
      commissions payable
    		68,682,000 71,963,000 87,463,000                       
      accrued expenses and other current liabilities
    		221,665,000 158,348,000 157,245,000 160,631,000 164,302,000 132,298,000 132,234,000 152,954,000 131,418,000 110,106,000 108,641,000 125,743,000 114,198,000 104,330,000 87,316,000 92,223,000 62,283,000 49,639,000 41,418,000 47,490,000 21,851,000 16,650,000 11,094,000 12,334,000  
      related party notes payable
    		   5,635,000 5,635,000 5,635,000 5,691,000 1,525,000 1,525,000 1,525,000 1,525,000 1,525,000   61,500,000 61,500,000 61,500,000         
      colleague earnout incentives
    		 989,000 17,959,000 32,826,000                      
      current portion of contingent earnout liabilities
    		17,062,000 6,759,000 45,473,000 142,949,000 201,281,000 203,870,000 229,529,000 215,157,000 97,620,000 116,228,000 118,569,000 46,717,000 41,645,000 43,615,000 20,897,000 35,088,000 43,975,000 90,160,000 27,467,000 6,094,000 7,065,000 4,212,000 2,788,000 2,480,000 2,646,695 
      total current liabilities
    		959,713,000 1,007,489,000 933,420,000 1,056,434,000 1,031,554,000 1,156,102,000 1,052,969,000 1,033,440,000 798,499,000 827,294,000 772,820,000 699,206,000 573,303,000 570,300,000 531,284,000 540,689,000 383,764,000 354,809,000 250,337,000 217,420,000 124,552,000 144,597,000 81,953,000 72,825,000 65,878,718 
      revolving line of credit
    		66,000,000 112,000,000     334,000,000 341,000,000 324,000,000 470,000,000 485,000,000 505,000,000 527,000,000 525,000,000  35,000,000          
      long-term debt, less current portion
    		1,567,563,000 1,494,712,000 1,495,908,000 1,398,054,000 1,399,010,000 1,400,444,000 966,962,000 968,183,000 969,711,000 807,666,000 808,765,000 809,862,000 810,973,000 812,080,000 813,172,000 814,614,000 477,341,000 477,985,000 380,826,000 381,382,000      
      contingent earnout liabilities, less current portion
    		11,330,000 9,972,000 2,761,000 2,610,000 2,509,000 6,373,000 6,336,000 61,310,000 175,657,000 178,084,000 167,588,000 220,219,000 187,969,000 166,381,000 206,950,000 223,501,000 136,970,000 88,092,000 137,816,000 158,725,000 78,323,000 74,323,000 51,067,000 46,289,000 32,497,049 
      operating lease liabilities, less current portion
    		60,917,000 64,382,000 68,162,000 68,775,000 69,235,000 73,598,000 77,830,000 78,999,000 81,510,000 84,584,000 86,739,000 87,692,000 88,749,000 76,999,000 72,622,000 71,357,000          
      other liabilities
    		61,000 61,000 61,000 61,000 123,000 123,000 123,000 123,000 241,000 241,000 250,000 164,000 330,000  3,959,000 3,590,000 3,319,000 3,067,000 2,408,000 2,419,000 2,194,000 2,114,000 2,023,000 2,017,000  
      total liabilities
    		2,665,584,000 2,688,616,000 2,500,312,000 2,525,934,000 2,502,431,000 2,636,640,000 2,438,220,000 2,483,055,000 2,349,618,000 2,367,869,000 2,321,162,000 2,322,143,000 2,188,324,000 2,150,760,000 1,702,987,000 1,688,751,000 1,121,394,000 943,953,000 771,387,000 759,946,000 306,069,000 447,034,000 195,406,000 161,494,000 295,248,119 
      commitments and contingencies
    		                         
      mezzanine equity:
    		                         
      redeemable noncontrolling interest
    		510,000 445,000 371,000 453,000 375,000 286,000 455,000 394,000 333,000 495,000 538,000 487,000 424,000 350,000 288,000 269,000 223,000 173,000 125,000 98,000 101,000 71,000 39,000 23,000 82,607,652 
      stockholders’ equity:
    		                         
      class a common stock
    		714,000 713,000 699,000 680,000 675,000 665,000 652,000 641,000 642,000 637,000 626,000 614,000 612,000 601,000 588,000 586,000 564,000 466,000 460,000 450,000 339,000 333,000 199,000 194,000  
      class b common stock
    		5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 6,000 6,000 6,000 5,000 5,000 5,000 5,000 4,000 4,000 4,000 4,000  
      additional paid-in capital
    		837,293,000 830,735,000 816,418,000 793,954,000 785,931,000 773,109,000 762,609,000 746,671,000 742,553,000 732,673,000 716,645,000 704,291,000 699,415,000 683,331,000 671,143,000 663,002,000 608,291,000 404,025,000 398,885,000 392,139,000 237,644,000 235,520,000 90,443,000 82,425,000  
      accumulated deficit
    		-219,375,000 -200,648,000 -197,484,000 -211,423,000 -191,261,000 -182,884,000 -165,327,000 -186,905,000 -152,422,000 -134,793,000 -110,896,000 -96,764,000 -48,274,000 -23,481,000 -32,123,000 -54,992,000 -32,322,000 -19,489,000 -9,733,000 -24,346,000 -14,038,000 -10,770,000 -7,182,000  -206,042,198 
      accumulated other comprehensive income
    		1,050,000                         
      total stockholders’ equity attributable to baldwin
    		619,687,000 630,805,000 619,638,000 583,216,000 595,350,000 590,895,000 597,939,000                   
      noncontrolling interest
    		507,993,000 419,119,000 428,386,000 425,128,000 440,884,000 452,364,000 473,379,000 458,076,000 482,769,000 498,245,000 520,214,000 531,448,000 571,945,000 599,209,000 599,308,000 578,904,000 535,217,000 407,473,000 416,253,000 402,087,000 193,164,000 198,049,000 171,988,000 163,966,000 2,387,522 
      total stockholders’ equity
    		1,127,680,000 1,049,924,000 1,048,024,000 1,008,344,000 1,036,234,000 1,043,259,000 1,071,318,000 1,018,488,000 1,073,547,000 1,096,767,000 1,126,573,000 1,139,552,000 1,223,640,000 1,259,535,000 1,238,747,000 1,187,287,000 1,111,492,000 792,174,000 805,521,000 769,870,000 416,594,000 422,563,000 254,805,000   
      total liabilities, mezzanine equity and stockholders’ equity
    		3,793,774,000 3,738,985,000 3,548,707,000 3,534,731,000 3,539,040,000 3,680,185,000 3,509,993,000 3,501,937,000 3,423,498,000 3,465,131,000 3,448,273,000 3,462,182,000 3,412,388,000 3,410,645,000 2,942,022,000 2,876,307,000 2,233,109,000 1,736,300,000 1,577,033,000 1,529,914,000 722,764,000 869,668,000 450,250,000   
      restricted cash
    		   164,649,000 162,957,000 151,842,000 122,204,000 104,824,000 115,429,000 107,350,000 105,520,000 112,381,000 92,017,000 100,529,000 87,097,000 89,445,000 46,987,000 51,505,000 32,003,000 33,560,000 7,778,000 10,058,000 3,840,000 3,382,000 6,403,532 
      premiums, commissions and fees receivable
    		   702,096,000 656,111,000 762,828,000 701,892,000 627,791,000 595,359,000 593,858,000 580,343,000 531,992,000 446,112,000 427,351,000 375,290,000 340,837,000 233,162,000 209,664,000 206,594,000 155,501,000 98,345,000 102,575,000 71,637,000 58,793,000 45,234,625 
      assets held for sale
    		       64,351,000                  
      premiums payable to insurance companies
    		   641,267,000 589,157,000 740,585,000 599,828,000 555,569,000 502,081,000 534,887,000 481,131,000 471,294,000 356,671,000 366,217,000 309,257,000 310,045,000 175,486,000 177,578,000 143,586,000 135,576,000 83,617,000 110,512,000 58,390,000 50,541,000 42,889,326 
      producer commissions payable
    		   73,126,000 71,179,000 73,714,000 85,687,000 64,304,000 65,855,000 64,548,000 62,954,000 53,927,000 60,789,000 56,138,000 52,314,000 41,833,000 35,520,000 32,367,000 33,711,000 24,260,000 12,019,000 13,223,000 9,681,000 7,470,000 7,126,847 
      liabilities held for sale
    		       43,931,000                  
      stockholder notes receivable
    		          -21,000 -42,000 -63,000 -131,000 -175,000 -219,000 -263,000         
      total stockholders’ equity attributable to brp group
    		       560,412,000 590,778,000 598,522,000 606,359,000 608,104,000              
      due from related parties
    		          114,000 113,000 1,844,000 1,715,000 1,757,000 1,668,000    19,000 41,000 121,000 34,000 43,000 44,272 
      total stockholders’ equity attributable to brp group, inc.
    		            651,695,000 660,326,000 639,439,000 608,383,000 576,275,000 384,701,000 389,268,000 367,783,000 223,430,000 224,514,000 82,817,000   
      revolving lines of credit
    		              75,000,000  120,000,000 20,000,000   101,000,000 226,000,000 60,363,000 40,363,000 105,000,000 
      current portion of long-term debt
    		                5,000,000 5,000,000 4,000,000 4,000,000      
      due to related parties
    		                 65,000 155,000       
      notes receivable from stockholders
    		                 -306,000 -349,000 -465,000 -519,000 -573,000 -647,000   
      liabilities, mezzanine equity and stockholders’/members’ equity
    		                         
      related party debt
    		                        88,425,293 
      redeemable members’ capital
    		                        172,238,469 
      stockholders’/members’ equity
    		                         
      retained earnings
    		                       -8,650,000  
      members’ deficit
    		                         
      notes receivable from stockholders/members
    		                       -688,000  
      total stockholders’ equity attributable to brp group, inc./ members’ equity
    		                       73,285,000  
      total stockholders’/members’ equity
    		                       237,251,000  
      total liabilities, mezzanine equity and stockholders’/members’ equity
    		                       398,768,000  
      deposits and other non-current assets
    		                        962,840 
      deferred financing costs
    		                        7,362,927 
      deferred commission expense
    		                        3,418,494 
      liabilities, mezzanine equity and members’ equity
    		                         
      accrued expenses
    		                        8,661,813 
      contract liabilities
    		                        4,349,299 
      other current liabilities
    		                        204,738 
      advisor incentive liabilities
    		                        3,085,578 
      other long-term liabilities
    		                        361,481 
      members’ equity
    		                         
      members’ capital
    		                         
      member note receivable
    		                        -240,438 
      total members’ equity
    		                        -203,895,114 
      total liabilities, mezzanine equity and members’ equity
    		                        346,199,126 
      assets of consolidated variable interest entities that can only be used to settle the obligations of consolidated variable interest entities:
    		                         
      deposits
    		                         
      liabilities of consolidated variable interest entities for which creditors do not have recourse to the company:
    		                         
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.