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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	279.48	233.96	193.72	166.99	147.78
Other Revenue	15.25	14.55	10.04	5.05	6.09
Revenue	294.73	248.51	203.76	172.04	153.88
Revenue Growth	34.74%	21.96%	18.44%	11.81%	-
Cost of Revenue	41.63	37.64	29.06	13.97	12.24
Gross Profit	253.1	210.88	174.7	158.07	141.64
Selling, General & Admin	174.95	155.54	134.75	127.82	114.62
Operating Expenses	199.27	173.89	146.77	132.68	117.92
Operating Income	53.83	36.99	27.93	25.39	23.72
Interest Expense	-0.26	-0.29	-2.22	-1	-0.4
Interest & Investment Income	4.97	6.61	4.38	0.89	0.05
Other Non Operating Income (Expenses)	1.27	1.14	0.01	-0.02	-0.02
Pretax Income	59.81	44.45	30.09	25.26	23.35
Income Tax Expense	4.17	3.28	1.5	-	-
Earnings From Continuing Operations	55.64	41.17	28.59	25.26	23.35
Earnings From Discontinued Operations	-	-	-	0.83	-2.73
Net Income to Company	55.64	41.17	28.59	26.1	20.61
Minority Interest in Earnings	-46.85	-33.2	-25.85	-26.1	-20.61
Net Income	8.8	7.96	2.75	-	-
Net Income to Common	8.8	7.96	2.75	-	-
Net Income Growth	45.63%	190.09%	-	-	-
Shares Outstanding (Basic)	14	15	15	1	1
Shares Outstanding (Diluted)	15	15	15	1	1
Shares Change	-34.40%	0.79%	2271.57%	-	-
EPS (Basic)	0.61	0.53	0.19	-	-
EPS (Diluted)	0.60	0.53	0.19	-	-
EPS Growth	118.66%	186.62%	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	59.68	53.15	37.28	29.89	25.64
Free Cash Flow Per Share	4.10	3.52	2.49	47.32	40.59
Gross Margin	85.88%	84.86%	85.74%	91.88%	92.05%
Operating Margin	18.26%	14.88%	13.71%	14.76%	15.41%
Profit Margin	2.98%	3.20%	1.35%	-	-
Free Cash Flow Margin	20.25%	21.39%	18.30%	17.38%	16.66%
EBITDA	77.44	54.63	38.97	30.25	27.02
EBITDA Margin	26.27%	21.98%	19.13%	17.58%	17.56%
D&A For EBITDA	23.61	17.65	11.04	4.86	3.3
EBIT	53.83	36.99	27.93	25.39	23.72
EBIT Margin	18.26%	14.88%	13.71%	14.76%	15.41%
Effective Tax Rate	6.97%	7.38%	4.97%	-	-
Revenue as Reported	294.73	248.51	203.76	172.04	153.88

SEC Filings: 10-K · 10-Q