TWFG, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	193.72	166.99	147.78
Other Revenue	10.04	5.05	6.09
Revenue	203.76	172.04	153.88
Revenue Growth (YoY)	18.44%	11.81%	-
Cost of Revenue	29.06	13.97	12.24
Gross Profit	174.7	158.07	141.64
Selling, General & Admin	134.75	127.82	114.62
Operating Expenses	146.77	132.68	117.92
Operating Income	27.93	25.39	23.72
Interest Expense	-2.22	-1	-0.4
Interest & Investment Income	4.38	0.89	0.05
Other Non Operating Income (Expenses)	0.01	-0.02	-0.02
Pretax Income	30.09	25.26	23.35
Income Tax Expense	1.5	-	-
Earnings From Continuing Operations	28.59	25.26	23.35
Earnings From Discontinued Operations	-	0.83	-2.73
Net Income to Company	28.59	26.1	20.61
Minority Interest in Earnings	-25.85	-26.1	-20.61
Net Income	2.75	-	-
Net Income to Common	2.75	-	-
Shares Outstanding (Basic)	15	1	1
Shares Outstanding (Diluted)	15	1	1
Shares Change (YoY)	2271.57%	-	-
EPS (Basic)	0.19	-	-
EPS (Diluted)	0.19	-	-
Free Cash Flow	37.28	29.89	25.64
Free Cash Flow Per Share	2.49	47.32	40.59
Gross Margin	85.74%	91.88%	92.05%
Operating Margin	13.71%	14.76%	15.41%
Profit Margin	1.35%	-	-
Free Cash Flow Margin	18.30%	17.38%	16.66%
EBITDA	38.97	29.11	27.02
EBITDA Margin	19.13%	16.92%	17.56%
D&A For EBITDA	11.04	3.72	3.3
EBIT	27.93	25.39	23.72
EBIT Margin	13.71%	14.76%	15.41%
Effective Tax Rate	4.97%	-	-
Revenue as Reported	203.76	172.04	153.88

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q