Company research
TWFG, Inc.
CIK 2007596Updated Nov 11, 2026
SecurityTWFG · NASDAQ · equity
TWFG price & chart
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NASDAQ:TWFG on TradingView ↗In the news
Seeking Alpha
Financial stocks retain strong Quant ratings despite YTD declines ↗
TWFG, Inc. (TWFG) Q3 2026 Earnings Call Transcript ↗
TWFG Non-GAAP EPS of $0.28 beats by $0.02, revenue of $79.9M beats by $1.25M ↗
SEC disclosures
TWFG, Inc. files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Items 1.01, 2.03, 7.01, 9.01
SCHEDULE 13G/A - filed by Capital International Investors regarding TWFG, Inc.
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
4 filing
SCHEDULE 13G/A - filed by T. Rowe Price Investment Management, Inc. regarding TWFG, Inc.
4 filing
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| AssetsUSD | 349,171,000Source | 313,093,000Source | 358,354,000Source | 342,849,000Source | 157,219,000Source | 371,177,000Source | 330,530,000Source | 372,335,000Source | 323,428,000Source | 115,437,000Source |
| Property, Plant and Equipment, NetUSD | 3,209,000Source | 682,000Source | 3,806,000Source | 3,263,000Source | 514,000Source | 3,459,000Source | 3,364,000Source | 3,307,000Source | 3,499,000Source | 597,000Source |
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 150,985,000Source | 191,196,000Source | 73,745,000Source | 159,827,000Source | 25,755,000Source | 124,845,000Source | 196,424,000Source | 155,926,000Source | 195,772,000Source | 39,297,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,169,000Source | 8,782,000Source | 14,241,000Source | 9,353,000Source | 9,608,000Source | 8,054,000Source | 8,053,000Source | 7,469,000Source | 7,839,000Source | 5,982,000Source |
| Assets, CurrentUSD | 211,327,000Source | 234,127,000Source | 170,521,000Source | 208,525,000Source | 75,350,000Source | 201,392,000Source | 241,405,000Source | 225,518,000Source | 241,848,000Source | 75,108,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,515,000Source | 2,625,000Source | 4,648,000Source | 4,381,000Source | 2,760,000Source | 4,052,000Source | 4,307,000Source | 4,189,000Source | 4,493,000Source | 2,459,000Source |
| Other Assets, NoncurrentUSD | 734,000Source | 635,000Source | 635,000Source | 779,000Source | 801,000Source | 664,000Source | 535,000Source | 689,000Source | 610,000Source | 837,000Source |
| LIABILITIES AND EQUITY | ||||||||||
| LiabilitiesUSD | 53,426,000Source | 44,959,000Source | 71,325,000Source | 53,878,000Source | 89,707,000Source | 64,744,000Source | 50,473,000Source | 55,685,000Source | 48,142,000Source | 84,386,000Source |
| Stockholders’ equity: | ||||||||||
| Additional Paid in CapitalUSD | 58,869,000Source | 57,159,000Source | 18,623,000Source | 59,889,000Source | 55,132,000Source | 44,006,000Source | 58,374,000Source | 59,951,000Source | 58,365,000Source | 25,114,000Source |
| Retained Earnings (Accumulated Deficit)USD | 20,305,000Source | 13,697,000Source | 27,379,000Source | 18,583,000Source | 11,253,000Source | 25,008,000Source | 16,626,000Source | 23,251,000Source | 15,288,000Source | 4,805,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 40,000Source | 82,000Source | 21,000Source | 52,000Source | 467,000Source | 26,000Source | 65,000Source | 30,000Source | 83,000Source | 500,000Source |
| Stockholders' Equity Attributable to ParentUSD | 79,364,000Source | 71,086,000Source | 46,151,000Source | 78,673,000Source | — | 69,182,000Source | 75,214,000Source | 83,382,000Source | 73,884,000Source | 31,051,000Source |
| Liabilities and EquityUSD | 349,171,000Source | 313,093,000Source | 358,354,000Source | 342,849,000Source | 157,219,000Source | 371,177,000Source | 330,530,000Source | 372,335,000Source | 323,428,000Source | 115,437,000Source |
| Current liabilities: | ||||||||||
| Liabilities, CurrentUSD | 45,137,000Source | 38,097,000Source | 66,569,000Source | 45,394,000Source | 41,048,000Source | 58,875,000Source | 42,862,000Source | 44,084,000Source | 39,617,000Source | 34,912,000Source |
| Operating Lease, Liability, CurrentUSD | 1,393,000Source | 1,070,000Source | 1,225,000Source | 1,355,000Source | 1,031,000Source | 1,223,000Source | 1,124,000Source | 1,320,000Source | 1,013,000Source | 882,000Source |
| Accounts Payable, CurrentUSD | 1,665,000Source | 768,000Source | 4,592,000Source | 2,295,000Source | — | 1,530,000Source | 653,000Source | 1,571,000Source | 3,233,000Source | 1,566,000Source |
| Operating Lease, Liability, NoncurrentUSD | 3,135,000Source | 1,448,000Source | 3,388,000Source | 3,008,000Source | 1,639,000Source | 2,815,000Source | 3,119,000Source | 2,897,000Source | 3,372,000Source | 1,518,000Source |
| Other Liabilities, NoncurrentUSD | 0Source | — | — | 0Source | — | — | 0Source | 0Source | 24,000Source | 0Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 204,954,000Source | 197,048,000Source | 217,684,000Source | 200,537,000Source | — | 215,844,000Source | 204,843,000Source | 215,367,000Source | 201,402,000Source | 0Source |
| Additional Financial Items | ||||||||||
| Long-term Debt, Current MaturitiesUSD | 2,552,000Source | 2,403,000Source | 2,003,000Source | 2,539,000Source | 2,613,000Source | 1,987,000Source | 2,526,000Source | 1,972,000Source | 2,513,000Source | 2,781,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,209,000Source | 5,414,000Source | 1,025,000Source | 3,853,000Source | 47,020,000Source | 1,532,000Source | 4,493,000Source | 2,035,000Source | 5,129,000Source | 47,956,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 11,427,000Source | — | 23,194,000Source | 9,761,000Source | — | 21,407,000Source | 0Source | 17,901,000Source | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 9,620,000Source | 6,893,000Source | 17,251,000Source | 9,000,000Source | 13,079,000Source | 6,853,000Source | 41,166,000Source | 28,592,000Source | 26,096,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 6,169,000Source | 3,359,000Source | 18,353,000Source | 12,020,000Source | 4,862,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 856,000Source | 1,204,000Source | 4,578,000Source | 2,219,000Source | 0Source |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 585,000Source | 215,000Source | -370,000Source | 1,756,000Source | 383,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | — | — | — | 0Source | 127,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 22,719,000Source | 15,645,000Source | 53,501,000Source | 40,479,000Source | 30,154,000Source |
| Cash flows from investing activities: | |||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -28,340,000Source | -11,166,000Source | -70,378,000Source | -25,055,000Source | -14,655,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | — | — | 10,000,000Source | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 292,000Source | 15,000Source | 356,000Source | 3,201,000Source | 260,000Source |
| Cash flows from financing activities: | |||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 86,000Source | 1,195,000Source | 3,146,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -18,633,000Source | -1,525,000Source | -20,546,000Source | 143,431,000Source | -9,695,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -24,254,000Source | 2,954,000Source | -37,423,000Source | 158,855,000Source | 5,804,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 200,905,000Source | — | — | 143,646,000Source | 208,277,000Source | 167,900,000Source | 205,323,000Source | 46,468,000Source |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 38,000Source | 83,000Source | 194,000Source | 2,298,000Source | 832,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 152,000Source | 0Source | 3,268,000Source | — | — |
| Additional Financial Items | |||||||||||
| Amortization of Intangible AssetsUSD | — | — | 5,205,000Source | 2,920,000Source | 6,909,000Source | 3,762,000Source | 6,028,000Source | 3,210,000Source | 17,812,000Source | 11,721,000Source | 4,594,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 1,000Source | 0Source | 252,000Source | 6,000Source | 327,000Source | 0Source | 473,000Source | 103,000Source | 41,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 6,893,000Source | — | — | — | — | 41,166,000Source | 28,592,000Source | 25,262,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 834,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 834,000Source |
| Income Tax Expense (Benefit)USD | — | — | 977,000Source | 437,000Source | 1,031,000Source | 620,000Source | 1,133,000Source | 656,000Source | 3,279,000Source | 1,495,000Source | 0Source |
| InterestExpenseNonoperatingUSD | — | — | 70,000Source | 411,000Source | 57,000Source | 68,000Source | 62,000Source | 83,000Source | 287,000Source | 2,223,000Source | 1,003,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 1,722,000Source | 1,154,000Source | 2,371,000Source | 1,957,000Source | 1,757,000Source | 1,338,000Source | — | 2,745,000Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 7,898,000Source | 5,739,000Source | 14,880,000Source | 7,043,000Source | 11,322,000Source | 5,515,000Source | 33,203,000Source | 25,847,000Source | 26,096,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,722,000Source | 1,154,000Source | 2,371,000Source | 1,957,000Source | 1,757,000Source | 1,338,000Source | 7,963,000Source | 2,745,000Source | — |
| Operating ExpensesUSD | — | — | 55,089,000Source | 46,895,000Source | 69,924,000Source | 52,945,000Source | 60,490,000Source | 48,093,000Source | 211,527,000Source | 175,835,000Source | 146,652,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 59,000Source | -4,000Source | -7,000Source | 574,000Source | 709,000Source | -1,000Source | 1,140,000Source | 9,000Source | -17,000Source |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | —Source | —Source | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 64,123,000Source | 52,863,000Source | 87,511,000Source | 60,308,000Source | 72,841,000Source | 53,823,000Source | 248,512,000Source | 203,760,000Source | 172,043,000Source |
| Operating Income (Loss)USD | — | — | 9,034,000Source | 5,968,000Source | 17,587,000Source | 7,363,000Source | 12,351,000Source | 5,730,000Source | 36,985,000Source | 27,925,000Source | 25,391,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 59,000Source | -4,000Source | -7,000Source | 574,000Source | 709,000Source | -1,000Source | 1,140,000Source | 9,000Source | -17,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 10,597,000Source | 7,330,000Source | 18,282,000Source | 9,620,000Source | 14,212,000Source | 7,509,000Source | 44,445,000Source | 30,087,000Source | 25,262,000Source |
| Income Tax Expense (Benefit)USD | — | — | 977,000Source | 437,000Source | 1,031,000Source | 620,000Source | 1,133,000Source | 656,000Source | 3,279,000Source | 1,495,000Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 7,898,000Source | 5,739,000Source | 14,880,000Source | 7,043,000Source | 11,322,000Source | 5,515,000Source | 33,203,000Source | 25,847,000Source | 26,096,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 1,722,000Source | 1,154,000Source | 2,371,000Source | 1,957,000Source | 1,757,000Source | 1,338,000Source | — | 2,745,000Source | 0Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.11Source | 0.08Source | 0.18Source | 0.13Source | 0.12Source | 0.09Source | 0.53Source | 0.19Source | — |
| Earnings Per Share, DilutedUSD per share | — | — | 0.11Source | 0.08Source | 0.18Source | 0.13Source | 0.12Source | 0.09Source | 0.53Source | 0.19Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 15,005,426Source | 14,722,685Source | 13,096,390Source | 14,904,083Source | 14,794,482Source | 14,889,739Source | 14,914,346Source | 14,772,115Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 15,100,655Source | 14,890,382Source | 13,096,390Source | 56,278,869Source | 14,897,288Source | 15,055,553Source | 15,100,190Source | 14,982,409Source | — |
| Interest Expense (non-operating)USD | — | — | 70,000Source | 411,000Source | 57,000Source | 68,000Source | 62,000Source | 83,000Source | 287,000Source | 2,223,000Source | 1,003,000Source |
| Additional Financial Items | |||||||||||
| Amortization of Intangible AssetsUSD | — | — | 5,205,000Source | 2,920,000Source | 6,909,000Source | 3,762,000Source | 6,028,000Source | 3,210,000Source | 17,812,000Source | 11,721,000Source | 4,594,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 3,279,000Source | 1,495,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 5,327,000Source | 2,985,000Source | 7,065,000Source | 3,901,000Source | 6,169,000Source | 3,359,000Source | 18,353,000Source | 12,020,000Source | 4,862,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | 1,000Source | 0Source | 252,000Source | 6,000Source | 327,000Source | 0Source | 473,000Source | 103,000Source | 41,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 6,893,000Source | — | — | — | — | 41,166,000Source | 28,592,000Source | 25,262,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 44,406,000Source | 29,970,000Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 834,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 834,000Source |
| Interest Expense, DebtUSD | — | — | — | 400,000Source | 100,000Source | 100,000Source | 100,000Source | 100,000Source | 300,000Source | 2,200,000Source | 1,000,000Source |
| Labor and Related ExpenseUSD | — | — | 9,929,000Source | 8,331,000Source | 11,781,000Source | 9,493,000Source | 9,901,000Source | 8,196,000Source | 37,636,000Source | 29,064,000Source | 13,970,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,722,000Source | 1,154,000Source | 2,371,000Source | 1,957,000Source | 1,757,000Source | 1,338,000Source | 7,963,000Source | 2,745,000Source | — |
| Operating ExpensesUSD | — | — | 55,089,000Source | 46,895,000Source | 69,924,000Source | 52,945,000Source | 60,490,000Source | 48,093,000Source | 211,527,000Source | 175,835,000Source | 146,652,000Source |
| Other General and Administrative ExpenseUSD | — | — | 5,194,000Source | 4,813,000Source | 8,587,000Source | 5,400,000Source | 7,390,000Source | 4,724,000Source | 22,020,000Source | 16,665,000Source | 10,973,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest | — | — | — | — | —Source | —Source | —Source | — | — | — | — |