Financial Snapshot

Revenue
$1.344B
TTM
Gross Margin
25.96%
TTM
Net Earnings
-$38.84M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
98.33%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.037B
Q3 2024
Cash
Q3 2024
P/E
-148.8
Nov 29, 2024 EST
Free Cash Flow
$71.17M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.219B $980.7M $567.3M $240.9M $137.8M $79.90M $48.00M
YoY Change 24.25% 72.88% 135.49% 74.82% 72.47% 66.46%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.219B $980.7M $567.3M $240.9M $137.8M $79.90M $48.00M
Cost Of Revenue $911.4M $719.4M $400.1M $174.1M $97.00M $51.70M $30.80M
Gross Profit $307.2M $261.3M $167.2M $66.80M $40.90M $28.20M $17.20M
Gross Profit Margin 25.21% 26.64% 29.48% 27.73% 29.68% 35.29% 35.83%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.698M $4.620M $2.788M $1.129M $542.0K $508.0K $1.440M
YoY Change 23.33% 65.71% 146.94% 108.3% 6.69% -64.72%
% of Gross Profit 1.85% 1.77% 1.67% 1.69% 1.33% 1.8% 8.37%
Operating Expenses $349.8M $290.1M $198.9M $88.80M $45.90M $18.70M $11.40M
YoY Change 20.57% 45.86% 123.95% 93.46% 145.45% 64.04%
Operating Profit -$42.55M -$31.10M -$31.63M -$21.94M -$5.068M $9.529M $5.800M
YoY Change 36.83% -1.67% 44.16% 332.87% -153.19% 64.29%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$121.2M -$71.07M -$26.90M -$7.900M -$10.60M -$6.600M -$1.900M
YoY Change 70.48% 164.22% 240.49% -25.47% 60.61% 247.37%
% of Operating Profit -69.26% -32.76%
Other Income/Expense, Net -$120.2M -$44.94M -$26.48M -$7.952M -$17.37M -$6.840M -$100.0K
YoY Change 167.46% 69.73% 232.94% -54.22% 153.93% 6740.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$162.7M -$76.03M -$58.10M -$29.89M -$22.44M $2.689M $3.900M
YoY Change 114.03% 30.86% 94.38% 33.22% -934.4% -31.05%
Income Tax $1.285M $715.0K $19.00K -$5.000K $17.00K $0.00
% Of Pretax Income 0.0%
Net Earnings -$90.14M -$41.77M -$30.65M -$15.70M -$8.650M -$624.0K $1.700M
YoY Change 115.79% 36.3% 95.25% 81.46% 1286.22% -136.71%
Net Earnings / Revenue -7.4% -4.26% -5.4% -6.52% -6.28% -0.78% 3.54%
Basic Earnings Per Share -$1.50 -$0.74 -$0.64 -$0.58
Diluted Earnings Per Share -$1.50 -$0.74 -$644.0K -$165.6K -$139.0K -$10.07K $28.52K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $116.2M $118.1M $138.3M $108.5M $67.70M $8.000M $3.100M
YoY Change -1.59% -14.61% 27.46% 60.27% 746.25% 158.06%
Cash & Equivalents $116.2M $118.1M $138.3M $108.5M $67.70M $8.000M $3.100M
Short-Term Investments
Other Short-Term Assets $181.9M $122.2M $97.60M $38.00M $6.400M $1.100M $700.0K
YoY Change 48.85% 25.21% 156.83% 493.75% 481.82% 57.14%
Inventory
Prepaid Expenses
Receivables $627.8M $532.0M $340.8M $155.5M $58.80M $29.40M $4.700M
Other Receivables $0.00 $113.0K $1.668M $0.00 $0.00 $100.0K $0.00
Total Short-Term Assets $925.9M $772.4M $578.4M $302.0M $132.9M $38.60M $8.500M
YoY Change 19.87% 33.54% 91.52% 127.24% 244.3% 354.12%
Property, Plant & Equipment $108.2M $121.9M $99.12M $11.00M $3.300M $2.100M $1.100M
YoY Change -11.23% 22.95% 801.09% 233.33% 57.14% 90.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $38.13M $45.94M $25.59M $11.10M $5.600M $3.600M $500.0K
YoY Change -16.98% 79.53% 130.5% 98.21% 55.56% 620.0%
Total Long-Term Assets $2.576B $2.690B $2.298B $1.228B $265.9M $101.2M $36.50M
YoY Change -4.23% 17.05% 87.14% 361.79% 162.75% 177.26%
Total Assets $3.502B $3.462B $2.876B $1.530B $398.8M $139.8M $45.00M
YoY Change
Accounts Payable $619.9M $525.2M $351.9M $24.30M $7.500M $4.000M $0.00
YoY Change 18.02% 49.26% 1348.06% 224.0% 87.5%
Accrued Expenses $101.7M $86.25M $60.45M $171.5M $57.50M $24.50M $2.800M
YoY Change 17.94% 42.68% -64.75% 198.26% 134.69% 775.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.24M $8.509M $8.521M $4.000M $0.00 $500.0K $500.0K
YoY Change 20.38% -0.14% 113.03% -100.0% 0.0%
Total Short-Term Liabilities $1.033B $699.2M $540.7M $217.4M $72.80M $33.20M $12.30M
YoY Change 47.8% 29.32% 148.71% 198.63% 119.28% 169.92%
Long-Term Debt $1.309B $1.315B $849.6M $381.4M $40.40M $72.20M $23.80M
YoY Change -0.43% 54.76% 122.76% 844.06% -44.04% 203.36%
Other Long-Term Liabilities $140.4M $308.1M $298.4M $161.1M $48.30M $11.60M $2.800M
YoY Change -54.42% 3.23% 85.26% 233.54% 316.38% 314.29%
Total Long-Term Liabilities $1.450B $1.623B $1.148B $542.5M $88.70M $83.80M $26.60M
YoY Change -10.68% 41.36% 111.62% 511.61% 5.85% 215.04%
Total Liabilities $2.942B $2.854B $2.268B $1.162B $325.5M $164.2M $62.90M
YoY Change 3.06% 25.85% 95.16% 257.02% 98.23% 161.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 60.14M shares 56.83M shares 47.59M shares 27.18M shares
Diluted Shares Outstanding 60.14M shares 56.83M shares 47.59M shares 27.18M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $5.7792 Billion

About Baldwin Insurance Group, Inc.

BRP Group, Inc. engages in the provision of insurance services. The company is headquartered in Tampa, Florida and currently employs 3,851 full-time employees. The company went IPO on 2019-10-24. The company is divided in three operating groups: Insurance Advisory Solutions (IAS), Underwriting, Capacity & Technology Solutions (UCTS), and Mainstreet Insurance Solutions (MIS). IAS provides commercial risk management, employee benefits solutions and private risk management for businesses and high-net-worth individuals, as well as their families. UCTS consists of three businesses: specialty wholesale broker businesses and niche industry businesses; MGA of the Future platform, and reinsurance brokerage business, Juniper Re. MIS offers personal insurance, commercial insurance, and life and health solutions to individuals and businesses in their communities, with a focus on accessing clients via sheltered distribution channels, which include new home builders, mortgage originators/lenders, master planned communities and other community centers of influence.

Industry: Insurance Agents, Brokers & Service Peers: Hagerty, Inc. Arthur J. Gallagher & Co. BROWN & BROWN, INC. Goosehead Insurance, Inc. Hippo Holdings Inc. MARSH & MCLENNAN COMPANIES, INC. RYAN SPECIALTY HOLDINGS, INC. SelectQuote, Inc.