TWFG, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	200.74	193.72	166.99	147.78
Other Revenue	10.7	10.04	5.05	6.09
Revenue	211.44	203.76	172.04	153.88
Revenue Growth (YoY)	18.57%	18.44%	11.81%	-
Cost of Revenue	31.01	29.06	13.97	12.24
Gross Profit	180.43	174.7	158.07	141.64
Selling, General & Admin	141.72	134.75	127.82	114.62
Operating Expenses	154.08	146.77	132.68	117.92
Operating Income	26.35	27.93	25.39	23.72
Interest Expense	-1.46	-2.22	-1	-0.4
Interest & Investment Income	6.07	4.38	0.89	0.05
Other Non Operating Income (Expenses)	0.01	0.01	-0.02	-0.02
Pretax Income	30.97	30.09	25.26	23.35
Income Tax Expense	2.15	1.5	-	-
Earnings From Continuing Operations	28.82	28.59	25.26	23.35
Earnings From Discontinued Operations	-	-	0.83	-2.73
Net Income to Company	28.82	28.59	26.1	20.61
Minority Interest in Earnings	-31.36	-25.85	-26.1	-20.61
Net Income	-2.55	2.75	-	-
Net Income to Common	-2.55	2.75	-	-
Shares Outstanding (Basic)	18	15	1	1
Shares Outstanding (Diluted)	18	15	1	1
Shares Change (YoY)	2769.97%	2271.57%	-	-
EPS (Basic)	-0.14	0.19	-	-
EPS (Diluted)	-0.14	0.19	-	-
Free Cash Flow	43.16	37.28	29.89	25.64
Free Cash Flow Per Share	2.35	2.49	47.32	40.59
Gross Margin	85.34%	85.74%	91.88%	92.05%
Operating Margin	12.46%	13.71%	14.76%	15.41%
Profit Margin	-1.20%	1.35%	-	-
Free Cash Flow Margin	20.41%	18.30%	17.38%	16.66%
EBITDA	37.79	38.97	29.11	27.02
EBITDA Margin	17.87%	19.13%	16.92%	17.56%
D&A For EBITDA	11.44	11.04	3.72	3.3
EBIT	26.35	27.93	25.39	23.72
EBIT Margin	12.46%	13.71%	14.76%	15.41%
Effective Tax Rate	6.95%	4.97%	-	-
Revenue as Reported	211.44	203.76	172.04	153.88

Updated May 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q