TWFG, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Transaction-Based Revenues	128.29	233.96	193.72	166.99	147.78
Other Revenues	14.97	14.55	10.04	5.05	6.09
Revenue	267.53	248.51	203.76	172.04	153.88
Revenue Growth (YoY)	26.53%	21.96%	18.44%	11.81%	-
Cost of Revenue	178.08	171.15	147.15	130.82	117.15
Gross Profit	89.46	77.36	56.61	41.23	36.72
Selling, General & Admin	12.79	22.02	16.67	10.97	9.71
Depreciation & Amortization Expenses	21.16	18.35	12.02	4.86	3.3
Operating Income	43.61	36.99	27.93	25.39	23.72
Interest Income	5.96	6.61	4.38	0.89	0.05
Interest Expense	-	-0.29	-2.22	-1	-0.4
Other Non-Operating Income (Expense)	1.81	1.14	0.01	-0.02	-0.02
Total Non-Operating Income (Expense)	7.76	7.46	2.16	-0.13	-0.37
Pretax Income	52.2	44.45	30.09	25.26	23.35
Provision for Income Taxes	4.81	3.28	1.5	-	-
Net Income	47.39	41.17	28.59	25.26	23.35
Minority Interest in Earnings	39.01	33.2	25.85	26.1	20.61
Earnings From Discontinued Operations	-	-	-	0.83	-2.73
Net Income to Common	8.38	7.96	2.75	0	0
Net Income Growth	105.79%	190.09%	-	-	-
Shares Outstanding (Basic)	25	15	15	1	1
Shares Outstanding (Diluted)	36	15	15	1	1
Shares Change (YoY)	9324.22%	0.79%	2271.57%	-	-
EPS (Basic)	0.54	0.53	0.19	41.31	32.63
EPS (Diluted)	0.54	0.53	0.19	41.31	32.63
EPS Growth	-94.99%	178.95%	-99.54%	26.60%	-
Free Cash Flow	59.94	53.15	37.28	29.89	25.64
Free Cash Flow Growth	12.79%	42.56%	24.70%	16.59%	-
Free Cash Flow Per Share	1.68	3.52	2.49	47.32	40.59
Gross Margin	33.44%	31.13%	27.78%	23.96%	23.87%
Operating Margin	16.30%	14.88%	13.70%	14.76%	15.41%
Profit Margin	17.71%	16.56%	14.03%	14.68%	15.17%
FCF Margin	22.41%	21.39%	18.30%	17.38%	16.66%
EBITDA	64.77	55.34	39.95	30.25	27.02
EBITDA Margin	24.21%	22.27%	19.60%	17.58%	17.56%
EBIT	43.61	36.99	27.93	25.39	23.72
EBIT Margin	16.30%	14.88%	13.70%	14.76%	15.41%
Effective Tax Rate	9.21%	7.38%	4.97%	0.00%	0.00%

SEC Filings: 10-K · 10-Q