Company research
TWFG, Inc.
CIK 2007596Updated Sep 26, 2026
SecurityTWFG · NASDAQ · equity
TWFG price & chart
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Recent filings
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 filing
10-Q filing
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
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 372,335,000Source | 323,428,000Source | 115,437,000Source |
| Property, Plant and Equipment, NetUSD | 3,307,000Source | 3,499,000Source | 597,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 155,926,000Source | 195,772,000Source | 39,297,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,469,000Source | 7,839,000Source | 5,982,000Source |
| Assets, CurrentUSD | 225,518,000Source | 241,848,000Source | 75,108,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,189,000Source | 4,493,000Source | 2,459,000Source |
| Other Assets, NoncurrentUSD | 689,000Source | 610,000Source | 837,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 55,685,000Source | 48,142,000Source | 84,386,000Source |
| Stockholders’ equity: | |||
| Additional Paid in CapitalUSD | 59,951,000Source | 58,365,000Source | 25,114,000Source |
| Retained Earnings (Accumulated Deficit)USD | 23,251,000Source | 15,288,000Source | 4,805,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 30,000Source | 83,000Source | 500,000Source |
| Stockholders' Equity Attributable to ParentUSD | 83,382,000Source | 73,884,000Source | 31,051,000Source |
| Liabilities and EquityUSD | 372,335,000Source | 323,428,000Source | 115,437,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 44,084,000Source | 39,617,000Source | 34,912,000Source |
| Operating Lease, Liability, CurrentUSD | 1,320,000Source | 1,013,000Source | 882,000Source |
| Accounts Payable, CurrentUSD | 1,571,000Source | 3,233,000Source | 1,566,000Source |
| Operating Lease, Liability, NoncurrentUSD | 2,897,000Source | 3,372,000Source | 1,518,000Source |
| Other Liabilities, NoncurrentUSD | 0Source | 24,000Source | 0Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 215,367,000Source | 201,402,000Source | 0Source |
| Additional Financial Items | |||
| Long-term Debt, Current MaturitiesUSD | 1,972,000Source | 2,513,000Source | 2,781,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,035,000Source | 5,129,000Source | 47,956,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 17,901,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 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 | 18,353,000Source | 12,020,000Source | 4,862,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,578,000Source | 2,219,000Source | 0Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | -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 | 53,501,000Source | 40,479,000Source | 30,154,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -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 | 356,000Source | 3,201,000Source | 260,000Source |
| Cash flows from financing activities: | |||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,146,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -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 | -37,423,000Source | 158,855,000Source | 5,804,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 167,900,000Source | 205,323,000Source | 46,468,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 194,000Source | 2,298,000Source | 832,000Source |
| Income Taxes Paid, NetUSD | 3,268,000Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 17,812,000Source | 11,721,000Source | 4,594,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 473,000Source | 103,000Source | 41,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 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 | 834,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 0Source | 834,000Source |
| Income Tax Expense (Benefit)USD | 3,279,000Source | 1,495,000Source | 0Source |
| InterestExpenseNonoperatingUSD | 287,000Source | 2,223,000Source | 1,003,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 2,745,000Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 33,203,000Source | 25,847,000Source | 26,096,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 7,963,000Source | 2,745,000Source | — |
| Operating ExpensesUSD | 211,527,000Source | 175,835,000Source | 146,652,000Source |
| Other Nonoperating Income (Expense)USD | 1,140,000Source | 9,000Source | -17,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 248,512,000Source | 203,760,000Source | 172,043,000Source |
| Operating Income (Loss)USD | 36,985,000Source | 27,925,000Source | 25,391,000Source |
| Other Nonoperating Income (Expense)USD | 1,140,000Source | 9,000Source | -17,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 44,445,000Source | 30,087,000Source | 25,262,000Source |
| Income Tax Expense (Benefit)USD | 3,279,000Source | 1,495,000Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 33,203,000Source | 25,847,000Source | 26,096,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 2,745,000Source | 0Source |
| Earnings Per Share, BasicUSD per share | 0.53Source | 0.19Source | — |
| Earnings Per Share, DilutedUSD per share | 0.53Source | 0.19Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,914,346Source | 14,772,115Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 15,100,190Source | 14,982,409Source | — |
| Interest Expense (non-operating)USD | 287,000Source | 2,223,000Source | 1,003,000Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 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 | 18,353,000Source | 12,020,000Source | 4,862,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 473,000Source | 103,000Source | 41,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 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 | 834,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 0Source | 834,000Source |
| Interest Expense, DebtUSD | 300,000Source | 2,200,000Source | 1,000,000Source |
| Labor and Related ExpenseUSD | 37,636,000Source | 29,064,000Source | 13,970,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 7,963,000Source | 2,745,000Source | — |
| Operating ExpensesUSD | 211,527,000Source | 175,835,000Source | 146,652,000Source |
| Other General and Administrative ExpenseUSD | 22,020,000Source | 16,665,000Source | 10,973,000Source |