TWFG, Inc. (TWFG)

TWFG, Inc. Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	-	41.17	28.59	26.1	20.61
Depreciation & Amortization	21.16	18.35	12.02	4.86	3.3
Stock-Based Compensation	4.23	4.58	2.22	-	0.56
Other Adjustments	-0.42	0.23	1.05	0.63	-0.88
Change in Receivables	-12.92	-9.89	-9.78	-4.47	-8.39
Changes in Accounts Payable	2.54	1.32	1.36	2.98	4.94
Changes in Other Operating Activities	-1.42	-2.26	5.02	0.89	2.88
Operating Cash Flow	60.58	53.5	40.48	30.15	25.76
Operating Cash Flow Growth	30.63%	32.17%	34.24%	17.08%	-
Capital Expenditures	-0.63	-0.36	-3.2	-0.26	-0.12
Sale of Property, Plant & Equipment	0.05	0.05	-	-	0.04
Purchases of Intangible Assets	-79.51	-61.91	-21.85	-15.39	-12.16
Proceeds from Sale of Intangible Assets	2.54	1.84	-	0.93	2.4
Other Investing Activities	-	-10	-	0.06	-4.67
Investing Cash Flow	-87.55	-70.38	-25.06	-14.66	-14.5
Long-Term Debt Issued	-	-	-	41	-
Long-Term Debt Repaid	-1.93	-1.91	-43.44	-2.64	-2.56
Net Long-Term Debt Issued (Repaid)	-1.93	-1.91	-43.44	38.36	-2.56
Issuance of Common Stock	-	-	193.55	-	-
Repurchase of Common Stock	-18.59	-3.15	-	-	-
Net Common Stock Issued (Repurchased)	-18.59	-3.15	193.55	-	-
Common Dividends Paid	-21.16	-15.86	-9.31	-33.41	-20.56
Other Financing Activities	5.64	0.37	2.62	-14.65	7.85
Financing Cash Flow	-37.65	-20.55	143.43	-9.7	-15.26
Net Cash Flow	-64.63	-37.42	158.86	5.8	-4.01
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%	-
FCF Margin	22.41%	21.39%	18.30%	17.38%	16.66%
Free Cash Flow Per Share	4.00	3.52	2.49	47.32	40.59
Levered Free Cash Flow	28.11	23.11	-25.5	46.83	8.45
Unlevered Free Cash Flow	61.24	51.32	41.73	33.86	34.72

Updated May 8, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q