TWFG

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TWFG, Inc.

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Key Metrics

Previous Close: $27.46
52-Week Range: $16.56 – $29.99
Market Cap: $1.54B
P/E (TTM): 47.40
EPS (TTM): 0.60
Dividend Yield: —

Advanced Metrics

Price/Book: 7.89
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: $529.29M

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
Revenue	$51.80M	$57.89M	$61.74M	$62.54M	$70.40M
Cost of Revenue	$40.01M	$43.64M	$44.57M	$42.93M	$46.93M
Gross Profit	$11.79M	$14.25M	$17.17M	$19.61M	$23.47M
Selling, General & Admin	$4.72M	$5.40M	$5.19M	$6.70M	$7.39M
Operating Expenses	$7.72M	$8.92M	$10.23M	$12.07M	$13.05M
Operating Income	$4.07M	$5.33M	$6.94M	$7.54M	$10.42M
EBITDA	$10.95M	$13.59M	$15.99M	$22.55M	$20.44M
Pretax Income	$7.51M	$9.62M	$10.60M	$16.72M	$14.21M
Income Tax	$656.00K	$620.00K	$977.00K	$1.03M	$1.13M
Net Income	$1.34M	$1.96M	$1.72M	$2.95M	$1.76M
Diluted EPS	0.09	0.13	0.11	0.18	0.12
Diluted Shares	15.06M	56.28M	15.10M	56.29M	14.90M

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

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

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.