$BWIN
Baldwin Insurance Group, Inc.

2024 Q3 Form 10-Q Financial Statement

#000178175524000093 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $338.9M
YoY Change 10.66%
Cost Of Revenue $247.2M
YoY Change 12.1%
Gross Profit $91.75M
YoY Change 6.93%
Gross Profit Margin 27.07%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.557M
YoY Change 7.16%
% of Gross Profit 1.7%
Operating Expenses $76.34M
YoY Change -10.92%
Operating Profit $15.41M
YoY Change 17813.95%
Interest Expense -$31.43M
YoY Change 2.71%
% of Operating Profit -204.0%
Other Income/Expense, Net -$29.88M
YoY Change -6.42%
Pretax Income -$14.48M
YoY Change -54.55%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$8.377M
YoY Change -52.48%
Net Earnings / Revenue -2.47%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.13
COMMON SHARES
Basic Shares Outstanding 64.01M shares
Diluted Shares Outstanding 64.01M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.8M
YoY Change 130.07%
Cash & Equivalents $181.8M
Short-Term Investments
Other Short-Term Assets $176.4M
YoY Change 38.04%
Inventory
Prepaid Expenses
Receivables $656.1M
Other Receivables $0.00
Total Short-Term Assets $1.014B
YoY Change 26.45%
LONG-TERM ASSETS
Property, Plant & Equipment $21.26M
YoY Change -12.78%
Goodwill $1.412B
YoY Change -0.67%
Intangibles $968.8M
YoY Change -7.28%
Long-Term Investments
YoY Change
Other Assets $47.36M
YoY Change 13.46%
Total Long-Term Assets $2.525B
YoY Change -3.69%
TOTAL ASSETS
Total Short-Term Assets $1.014B
Total Long-Term Assets $2.525B
Total Assets $3.539B
YoY Change 3.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $660.3M
YoY Change 16.28%
Accrued Expenses $9.987M
YoY Change -23.59%
Deferred Revenue $40.03M
YoY Change 47.74%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $8.400M
YoY Change -17.99%
Total Short-Term Liabilities $1.032B
YoY Change 29.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.399B
YoY Change 8.14%
Other Long-Term Liabilities $123.0K
YoY Change -48.96%
Total Long-Term Liabilities $123.0K
YoY Change -48.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.032B
Total Long-Term Liabilities $123.0K
Total Liabilities $2.502B
YoY Change 6.5%
SHAREHOLDERS EQUITY
Retained Earnings -$191.3M
YoY Change 25.48%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $595.4M
YoY Change
Total Liabilities & Shareholders Equity $3.539B
YoY Change 3.37%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$8.377M
YoY Change -52.48%
Depreciation, Depletion And Amortization $1.557M
YoY Change 7.16%
Cash From Operating Activities $2.108M
YoY Change -116.69%
INVESTING ACTIVITIES
Capital Expenditures $10.46M
YoY Change 73.2%
Acquisitions
YoY Change
Other Investing Activities $468.0K
YoY Change -250.97%
Cash From Investing Activities -$9.993M
YoY Change 57.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.575M
YoY Change -1678.13%
NET CHANGE
Cash From Operating Activities 2.108M
Cash From Investing Activities -9.993M
Cash From Financing Activities -7.575M
Net Change In Cash -15.46M
YoY Change -16.48%
FREE CASH FLOW
Cash From Operating Activities $2.108M
Capital Expenditures $10.46M
Free Cash Flow -$8.353M
YoY Change -55.26%

Facts In Submission

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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-6098000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-14377000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1886000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-45865000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8377000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17629000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4356000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64011515 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60549080 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63001125 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63001125 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59791435 shares
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1036234000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1018488000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-6487000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
35309000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11076000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1036234000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1096767000 usd
CY2023Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-32088000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8915000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
47000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1073547000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1139552000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-101754000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
bwin Reduction Of Stockholders Notes Payable To Member Units
ReductionOfStockholdersNotesPayableToMemberUnits
42000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1073547000 usd
us-gaap Profit Loss
ProfitLoss
-101523000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
73755000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
55065000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
46637000 usd
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
21145000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
38953000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3577000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1034000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-244000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-489000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-346000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-797000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2009000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9987000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23274000 usd
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
27777000 usd
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
63367000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7980000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6294000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12562000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
7671000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
35395000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
32793000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-11188000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4162000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85708000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22799000 usd
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
56977000 usd
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
28897000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14157000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3703000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
673000 usd
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
1500000 usd
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 usd
bwin Payments To Acquire Assets In An Asset Acquisition
PaymentsToAcquireAssetsInAnAssetAcquisition
268000 usd
bwin Payments To Acquire Assets In An Asset Acquisition
PaymentsToAcquireAssetsInAnAssetAcquisition
2118000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16948000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
436000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1440000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
170000000 usd
bwin Long Term Debt Extinguishment And Modification
LongTermDebtExtinguishmentAndModification
996177000 usd
bwin Long Term Debt Extinguishment And Modification
LongTermDebtExtinguishmentAndModification
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4661000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6815000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17988000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4447000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
2300000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
7893000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
11076000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
408000 usd
bwin Payments To Redeemable Noncontrolling Interests
PaymentsToRedeemableNoncontrollingInterests
264000 usd
bwin Payments To Redeemable Noncontrolling Interests
PaymentsToRedeemableNoncontrollingInterests
385000 usd
bwin Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
0 usd
bwin Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
42000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6436000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41928000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
117753000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-36077000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
226963000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230471000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344716000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194394000 usd
us-gaap Interest Paid Net
InterestPaidNet
73417000 usd
us-gaap Interest Paid Net
InterestPaidNet
77455000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1208000 usd
us-gaap Loans Assumed1
LoansAssumed1
5636000 usd
us-gaap Loans Assumed1
LoansAssumed1
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2111000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4391000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1821000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
699000 usd
bwin Right Of Use Assets Increase Decrease Through Lease Modifications And Reassessments
RightOfUseAssetsIncreaseDecreaseThroughLeaseModificationsAndReassessments
-99000 usd
bwin Right Of Use Assets Increase Decrease Through Lease Modifications And Reassessments
RightOfUseAssetsIncreaseDecreaseThroughLeaseModificationsAndReassessments
697000 usd
bwin Contingent Earnout Liabilities Assumed In Asset Acquisitions
ContingentEarnoutLiabilitiesAssumedInAssetAcquisitions
0 usd
bwin Contingent Earnout Liabilities Assumed In Asset Acquisitions
ContingentEarnoutLiabilitiesAssumedInAssetAcquisitions
723000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
245000 usd
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-07-01
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates underlying the accompanying condensed consolidated financial statements include the application of guidance for revenue recognition; impairment of intangible assets and goodwill; the valuation of contingent consideration; and the valuation allowance for deferred tax assets.</span></div>
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
8400000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10243000 usd
CY2024Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
7581000 usd
CY2023Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
8020000 usd
CY2024Q3 us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
3728000 usd
CY2023Q3 us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
2038000 usd
us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
8736000 usd
us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
4601000 usd
CY2024Q3 us-gaap Revenues
Revenues
338938000 usd
CY2023Q3 us-gaap Revenues
Revenues
306270000 usd
us-gaap Revenues
Revenues
1059145000 usd
us-gaap Revenues
Revenues
933907000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2024Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
349286000 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
342692000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
40030000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30281000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
29800000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
29434000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
24840000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
26205000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
21669000 usd
CY2024Q3 bwin Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
5930000 usd
CY2023Q3 bwin Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
2666000 usd
bwin Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
13547000 usd
bwin Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
9170000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2638000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1847000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7026000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5180000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
32726000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
25659000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
32726000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
25659000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
59504000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
53728000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
40030000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30281000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17659000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16704000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
16182000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4959000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8695000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
164302000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
152954000 usd
bwin Debt Issuance Costs Incurred Cash And Noncash
DebtIssuanceCostsIncurredCashAndNoncash
32000000.0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18000000.0 usd
bwin Gain Loss On Extinguishment And Modification Of Debt Third Party Costs
GainLossOnExtinguishmentAndModificationOfDebtThirdPartyCosts
-14000000.0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1000000.0 usd
bwin Gain Loss On Extinguishment And Modification Of Debt
GainLossOnExtinguishmentAndModificationOfDebt
-15100000 usd
CY2024Q3 us-gaap Notes Payable Current
NotesPayableCurrent
5600000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1500000 usd
CY2024Q3 us-gaap Payments For Commissions
PaymentsForCommissions
100000 usd
CY2023Q3 us-gaap Payments For Commissions
PaymentsForCommissions
200000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
400000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
500000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3521590 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.22
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1847756 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
30.39
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1350885 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
27.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
298182 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
29.75
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3720279 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
29600000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46600000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-55658000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64012000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64012000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60549000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60549000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63001000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63001000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59791000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59791000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
CY2024Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1000000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
17300000 usd
CY2024Q3 bwin Business Combination And Assets Acquisitions Contingent Consideration Arrangements Liabilities Rangeof Outcomes Value High
BusinessCombinationAndAssetsAcquisitionsContingentConsiderationArrangementsLiabilitiesRangeofOutcomesValueHigh
329200000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
30500000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20300000 usd
CY2024Q3 us-gaap Other Commitment
OtherCommitment
4200000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q3 us-gaap Revenues
Revenues
338938000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-14475000 usd
CY2023Q3 us-gaap Revenues
Revenues
306270000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-32006000 usd
us-gaap Revenues
Revenues
1059145000 usd
us-gaap Profit Loss
ProfitLoss
-6242000 usd
us-gaap Revenues
Revenues
933907000 usd
us-gaap Profit Loss
ProfitLoss
-101523000 usd
CY2024Q3 us-gaap Assets
Assets
3539040000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001781755-24-000093-index.html Edgar Link pending
0001781755-24-000093.txt Edgar Link pending
0001781755-24-000093-xbrl.zip Edgar Link pending
bwin-20240930.htm Edgar Link pending
bwin-20240930.xsd Edgar Link pending
bwin-20240930_g1.jpg Edgar Link pending
exhibit-101fy2024q3.htm Edgar Link pending
exhibit-102fy2024q3.htm Edgar Link pending
exhibit-311fy2024q3.htm Edgar Link pending
exhibit-312fy2024q3.htm Edgar Link pending
exhibit-32fy2024q3.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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bwin-20240930_htm.xml Edgar Link completed
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bwin-20240930_cal.xml Edgar Link unprocessable
bwin-20240930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable