marketcaparena
Search

    TWFG

    TWFG, Inc.

    Company overview

    Market capitalization
    —
    Employees
    400
    Latest publication
    2026-09-29
    About TWFG, Inc.

    TWFG, Inc. operates an independent distribution platform for personal and commercial insurance products in the United States. The company offers auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits. TWFG, Inc. was founded in 2001 and is based in The Woodlands, Texas.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue87,511,000USD72,841,000USD62,537,000USD61,736,000USD57,891,000USD51,796,000USD46,462,000USD51,130,000USD
    Total Operating Expenses69,924,000USD11,122,000USD12,067,000USD8,134,000USD6,884,000USD6,056,000USD4,953,000USD4,288,000USD
    Operating Income17,587,000USD12,351,000USD7,538,000USD9,034,000USD7,363,000USD5,730,000USD4,931,000USD7,745,000USD
    Total Other Income Expense Net695,000USD1,861,000USD9,181,000USD1,563,000USD2,257,000USD1,781,000USD4,279,000USD-415,000USD
    Interest Expense57,000USD62,000USD66,000USD70,000USD68,000USD83,000USD98,000USD411,000USD
    Labor And Related Expense11,781,000USD———————
    Depreciation And Amortization7,065,000USD6,169,000USD5,766,000USD5,327,000USD3,901,000USD3,359,000USD3,054,000USD2,985,000USD
    Income Before Tax18,282,000USD14,212,000USD16,719,000USD10,597,000USD9,620,000USD7,511,000USD9,210,000USD7,330,000USD
    Income Tax Expense1,031,000USD1,133,000USD1,026,000USD977,000USD620,000USD656,000USD1,058,000USD437,000USD
    Net Income17,251,000USD1,757,000USD2,946,000USD1,722,000USD1,957,000USD1,338,000USD1,591,000USD1,154,000USD
    Minority Interest14,880,000USD-11,322,000USD-12,747,000USD-7,898,000USD-7,043,000USD-5,515,000USD-6,561,000USD-5,739,000USD
    Cost Of Revenue—49,368,000USD42,932,000USD44,568,000USD43,644,000USD40,010,000USD36,578,000USD39,097,000USD
    Gross Profit—23,473,000USD19,605,000USD17,168,000USD14,247,000USD11,786,000USD9,884,000USD12,033,000USD
    Selling General Administrative—7,390,000USD6,702,000USD5,194,000USD5,400,000USD4,724,000USD4,978,000USD4,813,000USD
    Unclassified Operating Expenses—3,732,000USD5,365,000USD2,940,000USD1,484,000USD1,332,000USD——
    Interest Income—1,214,000USD1,419,000USD1,574,000USD1,751,000USD1,863,000USD—1,777,000USD
    Net Interest Income—1,152,000USD1,353,000USD1,504,000USD1,683,000USD1,780,000USD4,278,000USD-411,000USD
    Tax Provision—1,133,000USD1,026,000USD977,000USD620,000USD656,000USD1,058,000USD437,000USD
    Net Income From Continuing Ops—13,079,000USD15,693,000USD9,620,000USD9,000,000USD6,855,000USD8,152,000USD6,893,000USD
    Ebit—14,274,000USD16,785,000USD10,667,000USD9,688,000USD7,594,000USD9,308,000USD7,741,000USD
    Ebitda—20,443,000USD22,551,000USD15,994,000USD13,589,000USD10,953,000USD12,362,000USD10,726,000USD
    Reconciled Depreciation—6,169,000USD5,766,000USD5,327,000USD3,901,000USD3,359,000USD3,054,000USD2,985,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue233,960,000USD193,720,000USD166,990,000USD147,784,000USD
    Cost Of Revenue171,154,000USD147,150,000USD130,817,000USD117,151,000USD
    Gross Profit62,806,000USD46,570,000USD36,173,000USD30,633,000USD
    Selling General Administrative22,020,000USD16,665,000USD10,973,000USD9,705,000USD
    Unclassified Operating Expenses16,912,000USD1,980,000USD—-2,789,000USD
    Total Operating Expenses38,932,000USD18,645,000USD10,782,000USD6,916,000USD
    Operating Income23,874,000USD27,925,000USD25,391,000USD23,717,000USD
    Interest Income6,607,000USD4,376,000USD891,000USD46,000USD
    Interest Expense287,000USD2,223,000USD1,003,000USD398,000USD
    Net Interest Income6,320,000USD2,153,000USD-1,003,000USD-398,000USD
    Income Before Tax44,445,000USD30,087,000USD25,262,000USD23,347,000USD
    Income Tax Expense3,279,000USD1,495,000USD878,000USD2,733,000USD
    Tax Provision3,279,000USD1,495,000USD878,000USD0USD
    Net Income7,963,000USD2,745,000USD4,133,000USD20,614,000USD
    Net Income From Continuing Ops41,166,000USD28,592,000USD25,262,000USD23,347,000USD
    Ebit44,732,000USD32,310,000USD26,265,000USD23,745,000USD
    Ebitda63,085,000USD44,330,000USD31,127,000USD27,047,000USD
    Depreciation And Amortization18,353,000USD12,020,000USD4,862,000USD3,302,000USD
    Reconciled Depreciation18,353,000USD12,020,000USD4,862,000USD3,302,000USD
    Total Other Income Expense Net20,571,000USD2,162,000USD-129,000USD-370,000USD
    Minority Interest-33,203,000USD-25,847,000USD-14,941,000USD-20,614,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets358,354,000USD371,177,000USD370,906,000USD349,171,000USD342,849,000USD330,530,000USD323,428,000USD313,093,000USD
    Cash And Equivalents73,745,000USD———————
    Total Current Assets170,521,000USD201,392,000USD224,088,000USD211,327,000USD208,525,000USD241,405,000USD241,848,000USD234,127,000USD
    Other Current Assets16,703,000USD40,056,000USD32,269,000USD24,644,000USD14,111,000USD13,353,000USD11,170,000USD20,030,000USD
    Other Non Current Assets635,000USD———————
    Total Liabilities71,325,000USD———————
    Total Current Liabilities66,569,000USD3,210,000USD3,292,000USD45,137,000USD45,394,000USD42,862,000USD39,617,000USD38,097,000USD
    Other Current Liabilities13,026,000USD———————
    Total Stockholder Equity46,151,000USD69,182,000USD83,091,000USD79,364,000USD78,673,000USD75,214,000USD73,884,000USD71,086,000USD
    Total Equity Including Noncontrolling Interest263,835,000USD———————
    Short Long Term Debt2,003,000USD1,987,000USD1,972,000USD1,956,000USD1,942,000USD1,927,000USD1,912,000USD1,897,000USD
    Long Term Debt1,025,000USD1,532,000USD2,035,000USD2,534,000USD3,028,000USD3,519,000USD4,007,000USD4,490,000USD
    Net Receivables14,241,000USD36,491,000USD35,893,000USD35,698,000USD34,587,000USD31,628,000USD34,906,000USD22,901,000USD
    Property Plant Equipment Net8,454,000USD7,511,000USD7,496,000USD7,724,000USD7,644,000USD7,671,000USD7,992,000USD3,307,000USD
    Short Term Debt1,225,000USD3,210,000USD3,292,000USD3,349,000USD3,297,000USD3,051,000USD2,925,000USD2,967,000USD
    Retained Earnings27,379,000USD25,008,000USD22,960,000USD20,305,000USD18,583,000USD16,626,000USD15,288,000USD13,697,000USD
    Accumulated Other Comprehensive Income21,000USD26,000USD30,000USD40,000USD52,000USD65,000USD83,000USD82,000USD
    Intangible Assets—161,610,000USD138,632,000USD129,386,000USD125,901,000USD80,919,000USD72,978,000USD75,024,000USD
    Total Liab—64,744,000USD55,586,000USD53,426,000USD53,878,000USD50,473,000USD48,142,000USD44,959,000USD
    Other Current Liab—55,665,000USD40,692,000USD23,285,000USD23,262,000USD21,018,000USD18,116,000USD19,487,000USD
    Common Stock—142,000USD150,000USD150,000USD149,000USD149,000USD148,000USD148,000USD
    Capital Stock—142,000USD150,000USD150,000USD149,000USD149,000USD148,000USD148,000USD
    Cash—124,845,000USD155,926,000USD150,985,000USD159,827,000USD196,424,000USD195,772,000USD191,196,000USD
    Cash And Short Term Investments—124,845,000USD155,926,000USD150,985,000USD159,827,000USD196,424,000USD195,772,000USD191,196,000USD
    Net Debt—-117,288,000USD-144,803,000USD-141,967,000USD-150,494,000USD-186,735,000USD-185,468,000USD-182,291,000USD
    Short Long Term Debt Total—7,557,000USD11,123,000USD9,018,000USD9,333,000USD9,689,000USD10,304,000USD8,905,000USD
    Accounts Payable—20,371,000USD16,739,000USD17,562,000USD18,518,000USD16,956,000USD17,081,000USD15,206,000USD
    Property Plant Equipment Gross—7,511,000USD7,496,000USD7,724,000USD7,644,000USD7,671,000USD7,992,000USD3,307,000USD
    Common Stock Shares Outstanding—56,285,383shares56,285,383shares15,100,655shares15,078,104shares15,055,553shares15,056,430shares14,890,382shares
    Non Current Assets Total—169,785,000USD146,818,000USD137,844,000USD134,324,000USD89,125,000USD81,580,000USD78,966,000USD
    Non Current Liabilities Total—61,534,000USD52,294,000USD8,289,000USD8,484,000USD7,611,000USD8,525,000USD6,862,000USD
    Non Currrent Assets Other—664,000USD690,000USD734,000USD779,000USD535,000USD610,000USD635,000USD
    Net Working Capital—142,517,000USD181,434,000USD166,190,000USD163,131,000USD198,543,000USD202,231,000USD196,030,000USD
    Unclassified Current Liabilities—-78,023,000USD-59,403,000USD-1,015,000USD-1,625,000USD——-1,460,000USD
    Unclassified Non Current Liabilities—60,002,000USD50,259,000USD5,755,000USD5,456,000USD4,092,000USD4,494,000USD2,372,000USD
    Unclassified Equity—43,864,000USD59,801,000USD58,719,000USD59,740,000USD58,225,000USD58,217,000USD57,011,000USD
    Non Current Liabilities Other——————24,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets370,906,000USD323,428,000USD115,437,000USD114,153,000USD
    Intangible Assets138,632,000USD72,978,000USD36,436,000USD21,356,000USD
    Other Current Assets32,269,000USD19,009,000USD10,747,000USD1,079,000USD
    Total Liab55,586,000USD48,142,000USD84,386,000USD56,367,000USD
    Total Stockholder Equity83,091,000USD73,884,000USD31,051,000USD57,786,000USD
    Other Current Liab40,692,000USD18,116,000USD17,540,000USD33,345,000USD
    Common Stock150,000USD148,000USD632,000USD632,000USD
    Capital Stock150,000USD148,000USD632,000USD632,000USD
    Retained Earnings22,960,000USD15,288,000USD4,805,000USD32,180,000USD
    Cash155,926,000USD195,772,000USD39,297,000USD22,330,000USD
    Cash And Short Term Investments155,926,000USD195,772,000USD39,297,000USD22,330,000USD
    Total Current Assets224,088,000USD241,848,000USD75,108,000USD88,715,000USD
    Total Current Liabilities3,292,000USD39,617,000USD34,912,000USD46,331,000USD
    Net Debt-144,803,000USD-185,468,000USD12,459,000USD-9,022,000USD
    Short Term Debt3,292,000USD2,925,000USD3,319,000USD3,272,000USD
    Short Long Term Debt1,972,000USD1,912,000USD2,437,000USD2,643,000USD
    Short Long Term Debt Total11,123,000USD10,304,000USD51,756,000USD13,308,000USD
    Long Term Debt2,035,000USD4,007,000USD46,919,000USD8,356,000USD
    Net Receivables35,893,000USD27,067,000USD25,064,000USD20,641,000USD
    Accounts Payable16,739,000USD17,081,000USD14,053,000USD9,714,000USD
    Property Plant Equipment Net7,496,000USD7,992,000USD3,056,000USD2,921,000USD
    Property Plant Equipment Gross7,496,000USD7,992,000USD3,056,000USD2,921,000USD
    Accumulated Other Comprehensive Income30,000USD83,000USD500,000USD-140,000USD
    Common Stock Shares Outstanding56,285,383shares14,982,409shares13,161,874shares631,750,000shares
    Non Current Assets Total146,818,000USD81,580,000USD40,329,000USD25,438,000USD
    Non Current Liabilities Total52,294,000USD8,525,000USD49,474,000USD10,036,000USD
    Non Currrent Assets Other690,000USD610,000USD837,000USD1,161,000USD
    Net Working Capital181,434,000USD202,231,000USD40,196,000USD42,384,000USD
    Unclassified Current Liabilities-59,403,000USD—-7,806,000USD-2,643,000USD
    Unclassified Non Current Liabilities50,259,000USD4,494,000USD2,555,000USD1,680,000USD
    Unclassified Equity59,801,000USD58,217,000USD24,482,000USD24,482,000USD
    Non Current Liabilities Other—24,000USD——
    Current Deferred Revenue——5,369,000USD—
    Inventory——9,196,000USD44,665,000USD
    Unclassified Current Assets——-9,196,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income1,757,000USD15,693,000USD9,620,000USD9,000,000USD6,853,000USD8,152,000USD6,893,000USD6,918,000USD
    Depreciation6,169,000USD5,766,000USD5,327,000USD3,901,000USD3,359,000USD3,054,000USD2,985,000USD2,968,000USD
    Stock Based Compensation856,000USD872,000USD987,000USD1,515,000USD1,204,000USD1,207,000USD1,012,000USD0USD
    Other Non Cash Items11,846,000USD-139,000USD298,000USD-242,000USD308,000USD321,000USD1,315,000USD176,000USD
    Change To Account Receivables246,000USD-9,093,000USD-1,111,000USD-2,957,000USD3,276,000USD-3,089,000USD256,000USD-6,199,000USD
    Change In Working Capital2,947,000USD-8,904,000USD-1,279,000USD-4,559,000USD3,921,000USD-1,134,000USD532,000USD-2,662,000USD
    Total Cash From Operating Activities22,719,000USD13,288,000USD14,953,000USD9,615,000USD15,645,000USD11,600,000USD11,725,000USD7,400,000USD
    Capital Expenditures-292,000USD-7,901,000USD-7,082,000USD-44,000USD-15,000USD-3,380,000USD-387,000USD-307,000USD
    Free Cash Flow22,427,000USD5,387,000USD7,871,000USD9,571,000USD15,630,000USD8,220,000USD11,338,000USD7,093,000USD
    Total Cashflows From Investing Activities-28,340,000USD-6,633,000USD-17,039,000USD-35,540,000USD-11,166,000USD-3,466,000USD-366,000USD-242,000USD
    Net Borrowings-488,000USD-484,000USD-479,000USD-476,000USD-473,000USD-469,000USD-41,612,000USD—
    Total Cash From Financing Activities-18,633,000USD-1,297,000USD-6,373,000USD-11,351,000USD-1,525,000USD-3,716,000USD153,033,000USD-2,063,000USD
    Dividends Paid-7,326,000USD-12,000USD-2,587,000USD-11,239,000USD-2,024,000USD-2,208,000USD0USD-4,679,000USD
    Sale Purchase Of Stock-16,556,999USD———0USD———
    Change In Cash-24,254,000USD5,358,000USD-8,459,000USD-37,276,000USD2,954,000USD4,418,000USD164,392,000USD5,095,000USD
    Begin Period Cash Flow167,900,000USD162,542,000USD171,001,000USD208,277,000USD205,323,000USD200,905,000USD36,513,000USD31,418,000USD
    End Period Cash Flow143,646,000USD167,900,000USD162,542,000USD171,001,000USD208,277,000USD205,323,000USD200,905,000USD36,513,000USD
    Other Cashflows From Investing Activities700,000USD-6,405,000USD-16,970,000USD-35,496,000USD-11,151,000USD-545,000USD-133,000USD-203,000USD
    Other Cashflows From Financing Activities-1,588,000USD-801,000USD-3,307,000USD364,000USD972,000USD6,083,000USD194,645,000USD3,297,000USD
    Unclassified Investing Cash Flow-28,748,000USD7,673,000USD24,052,000USD35,540,000USD11,166,000USD3,925,000USD——
    Unclassified Financing Cash Flow7,325,999USD———————
    Investments—0USD-17,039,000USD-35,540,000USD-11,166,000USD-3,466,000USD-366,000USD-242,000USD
    Issuance Of Capital Stock—0USD———-7,122,000USD——
    Unclassified Operating Cash Flow——————-1,012,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income41,166,000USD28,592,000USD25,262,000USD23,347,000USD
    Depreciation18,353,000USD12,020,000USD4,862,000USD3,302,000USD
    Stock Based Compensation4,578,000USD2,219,000USD0USD0USD
    Other Non Cash Items225,000USD1,050,000USD1,471,000USD3,342,000USD
    Change To Account Receivables-9,885,000USD-9,778,000USD-4,471,000USD-8,389,000USD
    Change In Working Capital-10,821,000USD-3,402,000USD-1,441,000USD-4,236,000USD
    Total Cash From Operating Activities53,501,000USD40,479,000USD30,154,000USD25,755,000USD
    Capital Expenditures-356,000USD-3,201,000USD-15,647,000USD-12,279,000USD
    Free Cash Flow53,145,000USD37,278,000USD14,507,000USD13,476,000USD
    Investments-10,000,000USD-25,055,000USD-14,655,000USD-14,504,000USD
    Total Cashflows From Investing Activities-70,378,000USD-25,055,000USD-14,655,000USD-14,504,000USD
    Net Borrowings-1,912,000USD-43,437,000USD38,357,000USD-2,556,000USD
    Total Cash From Financing Activities-20,546,000USD143,431,000USD-9,695,000USD-15,264,000USD
    Dividends Paid-15,862,000USD-9,307,000USD-33,406,000USD-20,558,000USD
    Issuance Of Capital Stock0USD193,552,000USD0USD0USD
    Change In Cash-37,423,000USD158,855,000USD5,804,000USD-4,013,000USD
    Begin Period Cash Flow205,323,000USD46,468,000USD40,664,000USD44,677,000USD
    End Period Cash Flow167,900,000USD205,323,000USD46,468,000USD40,664,000USD
    Other Cashflows From Investing Activities-70,022,000USD-21,854,000USD-14,395,000USD-2,225,000USD
    Other Cashflows From Financing Activities-18,189,000USD2,623,000USD-14,632,000USD7,850,000USD
    Unclassified Investing Cash Flow10,000,000USD25,055,000USD30,042,000USD14,504,000USD
    Unclassified Financing Cash Flow15,417,000USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2025Quarterly · 2025-03-31ProductAgency35,996,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductContingent Income1,663,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductFee Income — Branch Fees1,256,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductFee Income — Policy Fees1,051,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductFee Income — TPAFees96,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductService Other409,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductTWFGMGA — Corporate Branches8,223,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductTWFGMGA — License608,000USD0001628280-26-032845
    Q1 2025Quarterly · 2025-03-31ProductTWFGMGA — Product And Service Other4,521,000USD0001628280-26-032845

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.