TWFG

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TWFG, Inc.

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Key Metrics

Previous Close: $24.75
52-Week Range: $16.56 – $31.30
Market Cap: $316.98M
P/E (TTM): 41.02
EPS (TTM): 0.60
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 6.82
PEG Ratio: —
Return on Equity: 19.32%
Return on Assets: 9.60%
Gross Margin: 85.88%
Operating Margin: 20.10%
Profit Margin: 2.98%
Current Ratio: 2.56
Debt/Equity: 0.03
Total Debt: $8.46M
Free Cash Flow: $-32.68M
Revenue Growth: 45.10%
Earnings Growth: 38.10%
Enterprise Value: $492.58M

TWFG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$147.78M	$166.99M	$193.72M	$233.96M
Cost of Revenue	$117.15M	$130.82M	$147.15M	$171.15M
Gross Profit	$30.63M	$36.17M	$46.57M	$62.81M
Selling, General & Admin	$9.71M	$10.97M	$16.66M	$22.02M
Operating Expenses	$11.54M	$14.87M	$27.37M	$38.93M
Operating Income	$19.10M	$21.31M	$19.20M	$23.87M
EBITDA	$27.05M	$31.13M	$44.33M	$63.09M
Pretax Income	$23.35M	$25.26M	$30.09M	$44.45M
Income Tax	$0.00	$0.00	$1.50M	$3.28M
Net Income	$0.00	$0.00	$2.75M	$7.96M
Diluted EPS	0.00	0.00	0.19	0.51
Diluted Shares	13.16M	13.16M	14.98M	15.10M

TWFG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$22.33M	$39.30M	$195.77M	$155.93M
Receivables	$20.64M	$25.06M	$34.91M	$44.79M
Current Assets	$88.72M	$75.11M	$241.85M	$225.52M
Total Assets	$114.15M	$115.44M	$323.43M	$372.33M
Current Liabilities	$46.33M	$34.91M	$39.62M	$44.08M
Long-Term Debt	$8.36M	$46.92M	$4.01M	$2.04M
Total Debt	$13.31M	$51.76M	$10.30M	$8.22M
Total Liabilities	$56.37M	$84.39M	$48.14M	$55.69M
Retained Earnings	$32.18M	$4.80M	$15.29M	$23.25M
Shareholders' Equity	$57.79M	$31.05M	$73.88M	$83.38M
Working Capital	$42.38M	$40.20M	$202.23M	$181.43M
Net Debt	—	$10.06M	—	—

TWFG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$25.75M	$30.15M	$40.48M	$53.50M
Capital Expenditure	-$12.28M	-$15.65M	-$25.05M	-$62.27M
Free Cash Flow	$13.48M	$14.51M	$15.42M	-$8.77M
Depreciation & Amortisation	$3.30M	$4.86M	$12.02M	$18.35M
Stock-Based Compensation	$0.00	$0.00	$2.22M	$4.58M
Investing Cash Flow	-$14.50M	-$14.65M	-$25.05M	-$70.38M
Financing Cash Flow	-$15.26M	-$9.70M	$143.43M	-$20.55M
Dividends Paid	-$20.56M	-$33.41M	-$9.31M	-$15.86M
Net Change in Cash	-$4.01M	$5.80M	$158.85M	-$37.42M

TWFG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$51.80M	$57.89M	$61.74M	$62.54M	$70.40M	$84.81M
Cost of Revenue	$40.01M	$43.64M	$44.57M	$42.93M	$46.93M	$54.27M
Gross Profit	$11.79M	$14.25M	$17.17M	$19.61M	$23.47M	$30.54M
Selling, General & Admin	$4.72M	$5.40M	$5.19M	$6.70M	$7.39M	$8.59M
Operating Expenses	$7.72M	$8.92M	$10.23M	$12.07M	$13.05M	$15.12M
Operating Income	$4.07M	$5.33M	$6.94M	$7.54M	$10.42M	$15.42M
EBITDA	$10.95M	$13.59M	$15.99M	$22.55M	$20.44M	$25.40M
Pretax Income	$7.51M	$9.62M	$10.60M	$16.72M	$14.21M	$18.28M
Income Tax	$656.00K	$620.00K	$977.00K	$1.03M	$1.13M	$1.03M
Net Income	$1.34M	$1.96M	$1.72M	$2.95M	$1.76M	$2.37M
Diluted EPS	0.09	0.13	0.11	0.18	0.12	0.18
Diluted Shares	15.06M	56.28M	15.10M	56.29M	14.90M	13.10M

TWFG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$196.42M	$159.83M	$150.99M	$155.93M	$124.84M	$73.75M
Receivables	$31.63M	$34.59M	$35.70M	$44.79M	$44.55M	$61.07M
Current Assets	$241.41M	$208.53M	$211.33M	$225.52M	$201.39M	$170.52M
Total Assets	$330.53M	$342.85M	$349.17M	$372.33M	$371.18M	$358.35M
Current Liabilities	$42.86M	$45.39M	$45.14M	$44.08M	$58.88M	$66.57M
Long-Term Debt	$3.52M	$3.03M	$2.53M	$2.04M	$1.53M	$1.02M
Total Debt	$9.69M	$9.33M	$9.02M	$8.22M	$7.56M	$7.64M
Total Liabilities	$50.47M	$53.88M	$53.43M	$55.69M	$64.74M	$71.33M
Retained Earnings	$16.63M	$18.58M	$20.30M	$23.25M	$25.01M	$27.38M
Shareholders' Equity	$75.21M	$78.67M	$79.36M	$83.38M	$69.18M	$46.15M
Working Capital	$198.54M	$163.13M	$166.19M	$181.43M	$142.52M	$103.95M

TWFG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$15.64M	$9.62M	$14.95M	$13.29M	$22.72M	$9.82M
Capital Expenditure	-$11.17M	-$36.12M	-$7.08M	-$7.90M	-$29.04M	-$24.99M
Free Cash Flow	$4.48M	-$26.50M	$7.87M	$5.39M	-$6.32M	-$15.17M
Depreciation & Amortisation	$3.36M	$3.90M	$5.33M	$5.77M	$6.17M	$7.07M
Stock-Based Compensation	$1.20M	$1.51M	$987.00K	$872.00K	$856.00K	$1.17M
Investing Cash Flow	-$11.17M	-$35.54M	-$17.04M	-$6.63M	-$28.34M	-$24.99M
Financing Cash Flow	-$1.52M	-$11.35M	-$6.37M	-$1.30M	-$18.63M	-$35.72M
Dividends Paid	-$2.02M	-$11.24M	-$2.59M	-$12.00K	-$7.33M	-$11.24M
Share Repurchases	$0.00	$0.00	—	—	-$16.56M	-$26.30M
Net Change in Cash	$2.95M	-$37.28M	-$8.46M	$5.36M	-$24.25M	-$50.90M

Market Snapshot

About

TWFG is an independent distribution platform for personal and commercial insurance products in the United States. The company operates through a network of independent insurance agencies providing property, casualty, and life insurance solutions.