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 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
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	1.68	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

SEC Filings: 10-K · 10-Q