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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Commissions and fees $ 376,249 $ 337,103 $ 786,780 $ 715,199
Investment income 2,562 2,737 5,436 5,008
Total revenues 378,811 339,840 792,216 720,207
Operating expenses:        
Colleague compensation and benefits 195,471 175,659 393,491 376,714
Outside commissions 73,586 68,656 139,409 129,693
Other operating expenses 56,119 46,564 114,138 92,359
Amortization expense 26,010 25,394 51,892 49,435
Change in fair value of contingent consideration (1,957) 5,552 6,104 18,228
Depreciation expense 1,642 1,557 3,225 3,062
Total operating expenses 350,871 323,382 708,259 669,491
Operating income 27,940 16,458 83,957 50,716
Other income (expense):        
Interest expense, net (31,320) (31,329) (61,296) (62,874)
Gain (loss) on divestitures (1,111) 628 290 37,144
Loss on extinguishment and modification of debt 0 (14,679) (2,394) (14,679)
Other income (expense), net 35 (461) (115) 77
Total other expense, net (32,396) (45,841) (63,515) (40,332)
Income (loss) before income taxes (4,456) (29,383) 20,442 10,384
Income tax expense 685 1,484 685 2,151
Net income (loss) (5,141) (30,867) 19,757 8,233
Less: net income (loss) attributable to noncontrolling interests (1,977) (13,310) 8,982 4,212
Net income (loss) attributable to Baldwin (3,164) (17,557) 10,775 4,021
Comprehensive income (loss) (5,141) (30,867) 19,757 8,233
Comprehensive income (loss) attributable to noncontrolling interests (1,977) (13,310) 8,982 4,212
Comprehensive income (loss) attributable to Baldwin $ (3,164) $ (17,557) $ 10,775 $ 4,021
Basic earnings (loss) per share $ (0.05) $ (0.28) $ 0.16 $ 0.06
Diluted earnings (loss) per share $ (0.05) $ (0.28) $ 0.15 $ 0.06
Weighted-average shares of Class A common stock outstanding - basic 68,009,996 63,124,601 67,044,696 62,490,376
Weighted-average shares of Class A common stock outstanding - diluted 68,009,996 63,124,601 70,392,551 66,189,508