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Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

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)						2026						2025						2026						2025
Basic earnings (loss) per share:
Net income (loss) attributable to Baldwin						$	(38,995)					$	(3,164)					$	(36,654)					$	10,775
Shares used for basic earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding - basic						92,761						68,010						93,278						67,045
Basic earnings (loss) per share						$	(0.42)					$	(0.05)					$	(0.39)					$	0.16
Diluted earnings (loss) per share:
Net income (loss) attributable to Baldwin						$	(38,995)					$	(3,164)					$	(36,654)					$	10,775
Shares used for diluted earnings (loss) per share:
Weighted-average shares of Class A common stock outstanding - basic						92,761						68,010						93,278						67,045
Dilutive effect of unvested stock awards						—						—						—						3,348
Weighted-average shares of Class A common stock outstanding - diluted						92,761						68,010						93,278						70,393
Diluted earnings (loss) per share						$	(0.42)					$	(0.05)					$	(0.39)					$	0.15

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,
						2026						2025						2026						2025
Unvested RSAs and PSUs						4,188,835						3,435,770						3,614,054						—
Shares of Class B common stock						44,373,223						47,717,482						45,163,810						48,377,222

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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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