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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Commissions and fees $ 488,789 $ 376,249 $ 1,017,650 $ 786,780
Investment income 4,150 2,562 7,524 5,436
Total revenues 492,939 378,811 1,025,174 792,216
Operating expenses:        
Colleague compensation and benefits 264,323 195,471 547,935 393,491
Outside commissions 71,798 73,586 138,477 139,409
Other operating expenses 94,058 56,119 318,221 114,138
Amortization expense 56,027 26,010 111,074 51,892
Change in fair value of contingent consideration 12,303 (1,957) 14,272 6,104
Depreciation expense 2,773 1,642 4,804 3,225
Total operating expenses 501,282 350,871 1,134,783 708,259
Operating income (loss) (8,343) 27,940 (109,609) 83,957
Other income (expense):        
Interest expense, net (45,666) (31,320) (84,566) (61,296)
Gain (loss) on divestitures 0 (1,111) 0 290
Loss on extinguishment and modification of debt (129) 0 (7,538) (2,394)
Other income (expense), net (2,423) 35 (1,776) (115)
Total other expense, net (48,218) (32,396) (93,880) (63,515)
Income (loss) before income taxes and share of net earnings of equity method investee (56,561) (4,456) (203,489) 20,442
Share of net earnings of equity method investee 664 0 1,175 0
Income (loss) before income taxes (55,897) (4,456) (202,314) 20,442
Less: income tax expense (benefit) 84 685 (144,437) 685
Net income (loss) (55,981) (5,141) (57,877) 19,757
Less: net income (loss) attributable to noncontrolling interests (16,986) (1,977) (21,223) 8,982
Net income (loss) attributable to Baldwin $ (38,995) $ (3,164) $ (36,654) $ 10,775
Earnings (Loss) Per Share:        
Basic earnings (loss) per share $ (0.42) $ (0.05) $ (0.39) $ 0.16
Diluted earnings (loss) per share $ (0.42) $ (0.05) $ (0.39) $ 0.15
Weighted-average shares of Class A common stock outstanding - basic 92,761,000 68,010,000 93,278,000 67,045,000
Weighted-average shares of Class A common stock outstanding - diluted 92,761,000 68,010,000 93,278,000 70,393,000
Comprehensive Income (Loss):        
Net income (loss) $ (55,981) $ (5,141) $ (57,877) $ 19,757
Other comprehensive income 3,343 0 6,635 0
Comprehensive income (loss) (52,638) (5,141) (51,242) 19,757
Less: comprehensive income (loss) attributable to noncontrolling interests (15,932) (1,977) (19,123) 8,982
Comprehensive income (loss) attributable to Baldwin $ (36,706) $ (3,164) $ (32,119) $ 10,775