TWFG, Inc. Cash Flow 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-7.51	2.75	26.1	20.61
Depreciation & Amortization	12.48	11.04	3.72	3.3
Other Amortization	0.82	0.98	1.15	-
Loss (Gain) From Sale of Assets	-0.51	-	-0.08	-0.89
Stock-Based Compensation	4.94	2.22	-	-
Other Operating Activities	39.6	26.9	-0.12	3.3
Change in Accounts Receivable	0.36	-1.76	-0.38	-1.55
Change in Accounts Payable	-	-	0.13	-0.07
Change in Other Net Operating Assets	-1.6	-1.65	-1.19	-2.62
Operating Cash Flow	48.59	40.48	30.15	25.76
Operating Cash Flow Growth	58.78%	34.24%	17.08%	-
Capital Expenditures	-3.21	-3.2	-0.26	-0.12
Sale of Property, Plant & Equipment	0.01	-	-	0.04
Divestitures	-	-	-	-5
Sale (Purchase) of Intangibles	-47.33	-21.85	-14.46	-9.76
Other Investing Activities	-	-	0.06	0.33
Investing Cash Flow	-50.54	-25.06	-14.66	-14.5
Long-Term Debt Issued	-	-	41	-
Long-Term Debt Repaid	-	-43.44	-2.64	-2.56
Net Debt Issued (Repaid)	-43.03	-43.44	38.36	-2.56
Issuance of Common Stock	193.55	193.55	-	-
Common Dividends Paid	-15.47	-9.31	-33.41	-20.56
Other Financing Activities	2.59	2.62	-14.65	7.85
Financing Cash Flow	136.44	143.43	-9.7	-15.26
Net Cash Flow	134.49	158.86	5.8	-4.01
Free Cash Flow	45.37	37.28	29.89	25.64
Free Cash Flow Growth	49.52%	24.70%	16.59%	-
Free Cash Flow Margin	20.74%	18.30%	17.38%	16.66%
Free Cash Flow Per Share	2.04	2.49	47.32	40.59
Cash Interest Paid	0.51	2.3	0.83	0.4
Levered Free Cash Flow	-12.71	-0.18	24.15	-
Unlevered Free Cash Flow	-12.3	1.21	24.78	-
Change in Working Capital	-1.24	-3.4	-1.44	-4.24

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q