TWFG, Inc. (TWFG)

TWFG, Inc. Cash Flow 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
Net Income	41.17	28.59	26.1	20.61
Depreciation & Amortization	18.35	12.02	4.86	3.3
Stock-Based Compensation	4.58	2.22	-	0.56
Other Adjustments	0.23	1.05	0.63	-0.88
Change in Receivables	-9.89	-9.78	-4.47	-8.39
Changes in Accounts Payable	1.32	1.36	2.98	4.94
Changes in Other Operating Activities	-2.26	5.02	0.89	2.88
Operating Cash Flow	53.5	40.48	30.15	25.76
Operating Cash Flow Growth	32.17%	34.24%	17.08%	-
Capital Expenditures	-0.36	-3.2	-0.26	-0.12
Sale of Property, Plant & Equipment	0.05	-	-	0.04
Purchases of Intangible Assets	-61.91	-21.85	-15.39	-12.16
Proceeds from Sale of Intangible Assets	1.84	-	0.93	2.4
Other Investing Activities	-10	-	0.06	-4.67
Investing Cash Flow	-70.38	-25.06	-14.66	-14.5
Long-Term Debt Issued	-	-	41	-
Long-Term Debt Repaid	-1.91	-43.44	-2.64	-2.56
Net Long-Term Debt Issued (Repaid)	-1.91	-43.44	38.36	-2.56
Issuance of Common Stock	-	193.55	-	-
Repurchase of Common Stock	-3.15	-	-	-
Net Common Stock Issued (Repurchased)	-3.15	193.55	-	-
Common Dividends Paid	-15.86	-9.31	-33.41	-20.56
Other Financing Activities	0.37	2.62	-14.65	7.85
Financing Cash Flow	-20.55	143.43	-9.7	-15.26
Net Cash Flow	-37.42	158.86	5.8	-4.01
Free Cash Flow	53.15	37.28	29.89	25.64
Free Cash Flow Growth	42.56%	24.70%	16.59%	-
FCF Margin	21.39%	18.30%	17.38%	16.66%
Free Cash Flow Per Share	3.52	2.49	47.32	40.59
Levered Free Cash Flow	23.11	-25.5	72.92	29.06
Unlevered Free Cash Flow	51.32	41.73	33.86	34.72

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

SEC Filings: 10-K · 10-Q