TWFG, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Transaction-Based Revenues	233.96	193.72	166.99	147.78
Other Revenues	13.12	10.04	5.05	6.09
Revenue	247.08	203.76	172.04	153.88
Revenue Growth (YoY)	21.26%	18.44%	11.81%	-
Cost of Revenue	171.15	147.15	130.82	117.15
Gross Profit	75.93	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	35.56	27.93	25.39	23.72
Interest Income	6.61	4.38	0.89	0.05
Interest Expense	-0.85	-2.23	-0.99	-0.38
Other Non-Operating Income (Expense)	1.14	0.01	-0.02	-0.02
Total Non-Operating Income (Expense)	6.89	2.15	-0.11	-0.35
Pretax Income	43.02	30.09	25.26	23.35
Provision for Income Taxes	3.18	1.5	-	-
Net Income	7.67	2.75	26.1	20.61
Minority Interest in Earnings	32.16	25.85	26.1	20.61
Earnings From Discontinued Operations	-	-	0.83	-2.73
Net Income to Common	7.67	2.75	26.1	20.61
Net Income Growth	179.49%	-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)	0.51	0.19	41.31	32.63
EPS (Diluted)	0.51	0.19	41.31	32.63
EPS Growth	168.42%	-99.54%	26.60%	-
Free Cash Flow	0	37.28	29.89	25.64
Free Cash Flow Growth	-	24.70%	16.59%	-
Free Cash Flow Per Share	-	2.49	47.32	40.59
Gross Margin	30.73%	27.78%	23.96%	23.87%
Operating Margin	14.39%	13.70%	14.76%	15.41%
Profit Margin	16.12%	28.06%	29.85%	28.57%
FCF Margin	0.00%	18.30%	17.38%	16.66%
EBITDA	35.56	39.95	30.25	27.02
EBITDA Margin	14.39%	19.60%	17.58%	17.56%
EBIT	35.56	27.93	25.39	23.72
EBIT Margin	14.39%	13.70%	14.76%	15.41%
Effective Tax Rate	7.39%	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