TWFG, Inc. (TWFG)

TWFG, Inc. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Transaction-Based Revenues	233.96	193.72	166.99	147.78
Other Revenues	14.55	10.04	5.05	6.09
Revenue	248.51	203.76	172.04	153.88
Revenue Growth (YoY)	21.96%	18.44%	11.81%	-
Cost of Revenue	171.15	147.15	130.82	117.15
Gross Profit	77.36	56.61	41.23	36.72
Selling, General & Admin	193.17	163.82	141.79	126.86
Depreciation & Amortization Expenses	18.35	12.02	4.86	3.3
Operating Income	36.99	27.93	25.39	23.72
Interest Income	6.61	4.38	0.89	0.05
Interest Expense	-0.85	2.21	1.02	-0.38
Other Non-Operating Income (Expense)	1.14	0.01	-0.02	-0.02
Total Non-Operating Income (Expense)	6.89	6.6	1.89	-0.35
Pretax Income	44.45	30.09	25.26	23.35
Provision for Income Taxes	3.28	1.5	-	-
Net Income	7.96	2.75	26.1	20.61
Minority Interest in Earnings	33.2	25.85	26.1	20.61
Earnings From Discontinued Operations	-	-	0.83	-2.73
Net Income to Common	7.96	2.75	26.1	20.61
Net Income Growth	190.09%	-89.48%	26.59%	-
Shares Outstanding (Basic)	15	15	1	1
Shares Outstanding (Diluted)	15	15	1	1
Shares Change (YoY)	0.79%	2271.57%	-	-
EPS (Basic)	0.53	0.19	41.31	32.63
EPS (Diluted)	0.53	0.19	41.31	32.63
EPS Growth	178.95%	-99.54%	26.60%	-
Shares Outstanding	15.03	14.81	0.63	0.63
Free Cash Flow	53.15	37.28	29.89	25.64
Free Cash Flow Growth	42.56%	24.70%	16.59%	-
Free Cash Flow Per Share	3.52	2.49	47.32	40.59
Gross Margin	31.13%	27.78%	23.96%	23.87%
Operating Margin	14.88%	13.70%	14.76%	15.41%
Profit Margin	33.13%	28.06%	29.85%	28.57%
FCF Margin	21.39%	18.30%	17.38%	16.66%
EBITDA	55.34	39.95	30.25	27.02
EBITDA Margin	22.27%	19.60%	17.58%	17.56%
EBIT	36.99	27.93	25.39	23.72
EBIT Margin	14.88%	13.70%	14.76%	15.41%
Effective Tax Rate	7.38%	4.97%	0.00%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q