TWFG, Inc. (TWFG)

TWFG, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022
Operating Revenue	185.45	166.99	147.78
Other Revenue	8.76	5.94	6.14
Revenue	194.21	172.93	153.92
Revenue Growth (YoY)	-	12.35%	-
Cost of Revenue	25.28	13.97	12.24
Gross Profit	168.94	158.96	141.68
Selling, General & Admin	129.78	127.82	114.62
Operating Expenses	140.27	132.68	117.92
Operating Income	28.67	26.28	23.76
Interest Expense	-2.58	-1	-0.4
Other Non Operating Income (Expenses)	0	-0.02	-0.02
Pretax Income	26.09	25.26	23.35
Earnings From Continuing Operations	25.66	25.26	23.35
Earnings From Discontinued Operations	-	0.83	-2.73
Net Income	6.37	26.1	20.61
Net Income to Common	6.37	26.1	20.61
Net Income Growth	-	26.59%	-
Shares Outstanding (Basic)	15	1	1
Shares Outstanding (Diluted)	15	1	1
EPS (Basic)	0.43	41.31	32.63
EPS (Diluted)	0.43	41.31	32.63
EPS Growth	-	26.59%	-
Free Cash Flow	-	29.89	25.64
Free Cash Flow Per Share	-	47.32	40.59
Gross Margin	86.99%	91.92%	92.05%
Operating Margin	14.76%	15.20%	15.44%
Profit Margin	3.28%	15.09%	13.39%
Free Cash Flow Margin	-	17.29%	16.66%
EBITDA	37.89	30	25.72
EBITDA Margin	19.51%	17.35%	16.71%
D&A For EBITDA	9.23	3.72	1.96
EBIT	28.67	26.28	23.76
EBIT Margin	14.76%	15.20%	15.44%
Revenue as Reported	194.21	172.93	153.92

Source: S&P Capital IQ. Standard template. Financial Sources.