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TWFG

TWFG, Inc. Common Stock

TWFG

TWFG, Inc. Common Stock • NASDAQ
$28.41 ▼ -0.63% (-0.18)
Market Cap $426.96 M
52w High $36.85
52w Low $23.52
Dividend Yield 0%
P/E 64.57
Volume 54.80K
Outstanding Shares 15.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $61.736M ▲ $8.134M ▲ $1.722M ▼ 2.789% ▼ $0.11 ▼ $15.994M ▲
Q2-2025 $57.891M ▲ $6.884M ▲ $1.957M ▲ 3.38% ▲ $0.49 ▲ $13.589M ▲
Q1-2025 $51.796M ▲ $6.056M ▲ $1.338M ▼ 2.583% ▼ $0.09 ▼ $10.953M ▼
Q4-2024 $46.462M ▼ $4.953M ▲ $1.591M ▲ 3.424% ▲ $0.11 ▲ $12.362M ▲
Q3-2024 $51.13M $4.288M $1.154M 2.257% $0.08 $10.726M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $150.985M ▼ $349.171M ▲ $53.426M ▼ $79.364M ▲
Q2-2025 $159.827M ▼ $342.849M ▲ $53.878M ▲ $78.673M ▲
Q1-2025 $196.424M ▲ $330.53M ▲ $50.473M ▲ $75.214M ▲
Q4-2024 $195.772M ▲ $323.428M ▲ $48.142M ▲ $73.884M ▲
Q3-2024 $191.196M $313.093M $44.959M $71.086M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.62M ▲ $14.953M ▲ $-17.039M ▲ $-6.373M ▲ $-8.459M ▲ $7.871M ▼
Q2-2025 $9M ▲ $9.615M ▼ $-35.54M ▼ $-11.351M ▼ $-37.276M ▼ $9.571M ▼
Q1-2025 $6.853M ▼ $15.645M ▲ $-11.166M ▼ $-1.525M ▲ $2.954M ▼ $15.63M ▲
Q4-2024 $8.152M ▲ $11.6M ▼ $-3.466M ▼ $-3.716M ▼ $4.418M ▼ $8.22M ▼
Q3-2024 $6.893M $11.725M $-366K $153.033M $164.392M $11.338M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commission Income
Commission Income
 $130.00M ▲$50.00M ▼$50.00M ▲$60.00M ▲
Fee Income
Fee Income
 $10.00M ▲$0 ▼$0 ▲$0 ▲
License
License
 $0 ▲$0 ▲$0 ▲$0 ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement TWFG’s income statement shows a business that has been steadily growing its revenue over the past few years while expanding its operating profits. Core profitability at the operating and EBITDA level looks solid for a company of its size, suggesting the basic brokerage model is working. However, net income and earnings per share have been choppy and recently much weaker, which likely reflects one‑off items, higher costs, or transition effects around becoming a public company rather than a collapse in the underlying business. Overall, growth and operating strength look encouraging, but the bottom line is still finding its footing as a newly public firm.

Balance Sheet

Balance Sheet The balance sheet appears to have become much stronger recently. Total assets and especially cash have increased meaningfully, giving the company a more comfortable financial cushion. Debt has come down compared with the prior year, while equity has built up, which points to a cleaner, less leveraged capital structure. This combination suggests better resilience and more flexibility to handle volatility or to pursue growth initiatives.

Cash Flow

Cash Flow TWFG is generating consistent cash from its day‑to‑day operations, with a slight upward trend that aligns with revenue growth. Free cash flow has improved, helped by relatively modest capital spending in the most recent period. This indicates the business can largely fund itself without relying heavily on borrowing, a positive sign for financial stability. The trade‑off is that lighter investment may slow some longer‑term expansion if not balanced carefully.

Competitive Edge

Competitive Edge TWFG operates in a competitive insurance brokerage market but has carved out a differentiated niche with its “agency‑in‑a‑box” model. Its nationwide network of independent agents and branches gives it wide reach and distribution power, and rankings among sizable independent agencies support the idea of established scale. The ability to attract and retain agents with support services and access to many carriers is a key part of its moat. Risks include intense competition from other large brokers and platforms, reliance on independent agents’ performance, and the need to keep carrier relationships strong across many regions and product lines.

Innovation and R&D

Innovation and R&D Innovation at TWFG is driven more by business model and proprietary technology than by traditional lab‑style R&D. The “agency‑in‑a‑box” platform and use of virtual assistants and internal systems are designed to make agents more productive and improve client service. This tech‑enabled approach, if maintained and upgraded, can deepen loyalty among agents and help TWFG stand out from more traditional brokerages. The main risk is that competitors may copy similar tools or out‑invest in technology, so continuing to enhance data, automation, and digital customer experiences will be important.

Summary

TWFG is a growing insurance broker that has translated its distinctive agent‑centric model into rising revenue and solid operating profits, though recent net income has been subdued and somewhat volatile. The balance sheet and cash profile have strengthened, with more cash on hand and less reliance on debt, giving it room to manage shocks and pursue selective acquisitions. Competitively, its broad agent network and support platform offer a meaningful edge, but the industry is crowded and fast‑moving, requiring constant investment in relationships and technology. As a newly public company, how TWFG executes on acquisitions, manages costs, and continues to enhance its platform will be central to its longer‑term trajectory.

NEWS

November 13, 2025 · 4:46 PM UTC

TWFG Insurance Makes Strategic Leadership Appointments to Further Drive Innovation and Growth

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November 12, 2025 · 4:10 PM UTC

TWFG Announces Third Quarter 2025 Results

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November 4, 2025 · 7:25 AM UTC

TWFG, Inc. Acquires Alabama Insurance Agency, Inc. Expanding Its Southeastern Footprint

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October 20, 2025 · 4:20 PM UTC

TWFG, Inc. to Announce Third Quarter 2025 Financial Results on Wednesday, November 12, 2025

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