TWFG, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 |
|---|---|---|---|---|
| Revenue | $248.5M | $203.8M | $172.0M | $153.9M |
| Operating income | $37.0M | $27.9M | $25.4M | $23.7M |
| Operating expenses | $211.5M | $175.8M | $146.7M | $130.2M |
| Cash from operations | $53.5M | $40.5M | $30.2M | $25.8M |
| Capital expenditure | $356,000 | $3.2M | $260,000 | $115,000 |
| Free cash flow | $53.1M | $37.3M | $29.9M | $25.6M |
| Impairments | $0 | $0 | $0 | — |
| Total assets | $372.3M | $323.4M | $115.4M | — |
| Total liabilities | $55.7M | $48.1M | $84.4M | — |
| Total debt | $4.0M | $5.9M | $50.7M | — |
Shares outstanding 54.2M
Annual filing data through FY ended December 31, 2025; float as of July 2, 2026.