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Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

						For the Three Months  Ended June 30,												For the Six Months  Ended June 30,
(in thousands, except per share data)						2025						2024						2025						2024
Basic earnings (loss) per share:
Net income (loss) attributable to Baldwin						$	(3,164)					$	(17,557)					$	10,775					$	4,021
Shares used for basic earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding - basic						68,010						63,125						67,045						62,490
Basic earnings (loss) per share						$	(0.05)					$	(0.28)					$	0.16					$	0.06
Diluted earnings (loss) per share:
Net income (loss) attributable to Baldwin						$	(3,164)					$	(17,557)					$	10,775					$	4,021
Shares used for diluted earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding - basic						68,010						63,125						67,045						62,490
Dilutive effect of unvested stock awards						—						—						3,348						3,700
Weighted-average shares of Class A common stock outstanding - diluted						68,010						63,125						70,393						66,190
Diluted earnings (loss) per share						$	(0.05)					$	(0.28)					$	0.15					$	0.06

Schedule of Antidilutive Securities Excluded from Diluted Weighted Average Number of Shares Outstanding Calculation

The following potentially dilutive securities were excluded from the Company's diluted weighted-average number of shares outstanding calculation for the periods presented as their inclusion would have been anti-dilutive.

						For the Three Months  Ended June 30,												For the Six Months  Ended June 30,
						2025						2024						2025						2024
Unvested RSAs and PSUs						3,435,770						3,868,199						—						—
Shares of Class B common stock						47,717,482						51,227,289						48,377,222						51,610,600

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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