TWFG · Twfg, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.84M | - | $64.12M | $60.31M | $46.14M | - | $47.71M | $45.38M | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $60.49M | - | $55.09M | $52.95M | $38.84M | - | $46.90M | $45.49M | - | - |
| D&A | $6.17M | - | $5.33M | $3.90M | $3.01M | - | $1.15M | $2.97M | - | - |
| Operating Income | $12.35M | - | $9.03M | $7.36M | $7.30M | - | $7.75M | $7.24M | - | - |
| Interest Expense | $100.0K | - | $70.0K | $872.0K | $800.0K | - | $300.0K | $173.0K | - | - |
| Income Tax | $1.13M | - | $977.0K | $0 | $0 | - | $0 | - | - | - |
| Net Income | $1.76M | - | $1.72M | $1.96M | $1.34M | - | $1.15M | $7.07M | - | - |
| EPS - Basic | $0.12 | - | $0.11 | $0.13 | $0.09 | - | $0.08 | $11.19 | - | - |
| EPS - Diluted | $0.12 | - | $0.11 | $0.13 | $0.09 | - | $0.08 | $11.19 | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $124.84M | $155.93M | $150.99M | $159.83M | $196.42M | $195.77M | $191.20M | $29.38M | $22.33M | $43.36M |
| Accounts Receivable | $8.05M | $7.47M | $8.17M | $9.35M | $8.05M | $7.84M | $8.78M | $5.98M | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.53M | $1.57M | $1.67M | $2.29M | $653.0K | $3.23M | $768.0K | - | - | - |
| Current Assets | $201.39M | $225.52M | $211.33M | $208.53M | $241.41M | $241.85M | $234.13M | $75.35M | - | - |
| Total Assets | $371.18M | $372.33M | $349.17M | $342.85M | $330.53M | $323.43M | $313.09M | $157.22M | - | - |
| Current Liabilities | $58.88M | $44.08M | $45.14M | $45.39M | $42.86M | $39.62M | $38.10M | $34.91M | - | - |
| Long-term Debt | $1.53M | $2.04M | $3.21M | $3.85M | $4.49M | $5.13M | $5.41M | $47.02M | - | - |
| Total Liabilities | $64.74M | $55.69M | $53.43M | $53.88M | $50.47M | $48.14M | $44.96M | $84.39M | - | - |
| Stockholders' Equity | $69.18M | $83.38M | $79.36M | $78.67M | $75.21M | $73.88M | $71.09M | - | - | - |
| Retained Earnings | $25.01M | $23.25M | $20.30M | $18.58M | $16.63M | $15.29M | $13.70M | $11.25M | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.72M | - | - | - | $9.75M | - | - | - | - | - |
| Investing Cash Flow | ($28.34M) | - | - | - | ($20.98M) | - | - | - | - | - |
| Financing Cash Flow | ($18.63M) | - | - | - | ($3.82M) | - | - | - | - | - |
| CapEx | $292.0K | - | - | - | $8.0K | - | - | - | - | - |
| Free Cash Flow | $22.43M | - | - | - | $9.75M | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 17.0% | - | 14.1% | 12.2% | 15.8% | - | 16.2% | 16.0% | - | - |
| EBITDA margin | 25.4% | - | 22.4% | 18.7% | 22.4% | - | 18.6% | 22.5% | - | - |
| Net margin | 2.4% | - | 2.7% | 3.2% | 2.9% | - | 2.4% | 15.6% | - | - |
| Free cash flow margin | 30.8% | - | - | - | 21.1% | - | - | - | - | - |
| FCF / Net income | 12.76 | - | - | - | 7.28 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 39.2% | - | 36.2% | 0.0% | 0.0% | - | 0.0% | - | - | - |
| Return on assets | 0.5% | - | 0.5% | 0.6% | 0.4% | - | 0.4% | 4.5% | - | - |
| Return on equity | 2.5% | - | 2.2% | 2.5% | 1.8% | - | 1.6% | - | - | - |
| Return on invested capital | 10.6% | - | 7.0% | 8.9% | 9.2% | - | 10.1% | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.42 | 5.12 | 4.68 | 4.59 | 5.63 | 6.10 | 6.15 | 2.16 | - | - |
| Quick ratio | 3.42 | 5.12 | 4.68 | 4.59 | 5.63 | 6.10 | 6.15 | 2.16 | - | - |
| Cash ratio | 2.12 | 3.54 | 3.35 | 3.52 | 4.58 | 4.94 | 5.02 | 0.84 | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.02 | 0.02 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | - | - | - |
| Debt / Assets | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.30 | - | - |
| Debt / EBITDA | 0.08 | - | 0.22 | 0.34 | 0.44 | - | 0.61 | 4.61 | - | - |
| Interest coverage | 123.5x | - | 129.1x | 8.4x | 9.1x | - | 25.8x | 41.8x | - | - |
| Equity multiplier | 5.37 | 4.47 | 4.40 | 4.36 | 4.39 | 4.38 | 4.40 | - | - | - |
| Liabilities / Assets | 0.17 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 | 0.14 | 0.54 | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.18 | 0.18 | 0.14 | - | 0.15 | 0.29 | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 40d | - | 46d | 57d | 64d | - | 67d | 48d | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 153.2x | - | 249.5x | 269.2x | 343.4x | - | 339.0x | - | - | - |
| P / B | 4.0x | - | 5.2x | 25.0x | 6.2x | - | 5.7x | - | - | - |
| P / S | 3.8x | - | 6.5x | 32.7x | 10.1x | - | 8.5x | - | - | - |
| EV / EBITDA | 8.1x | - | 18.6x | 161.0x | 26.5x | - | 24.5x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 57.9% | - | 34.4% | 32.9% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 69.1% | - | 16.6% | 1.7% | - | - | - | - | - | - |
| Net income growth (YoY) | 31.3% | - | 49.2% | -72.3% | - | - | - | - | - | - |
| EPS growth (YoY) | 33.3% | - | 37.5% | -98.8% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 130.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.0% | 12.9% | 11.6% | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-10.
Product / service
$1.40M totalCommission Income$1.40M · 100.0%
Peer comparison
Same SIC group: Insurance Agents, Brokers & Service
Comparing TWFG against the 5 most active filers in the same SIC group.