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NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE

Twfg, Inc. TWFG

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$248.5M
▲ 22.0% YoY
$41.2M
▲ 1399.7% YoY
$53.1M
▲ 42.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, its distribution platform encompassed over 550 Branches across 34 states and the District of Columbia within its Insurance Services offering and over 2,750 MGA Agencies across 43 states within its TWFG MGA offering. It operates through two primary offerings: Insurance Services, comprising Agency-in-a-Box and Corporate Branches, and TWFG MGA. As of December 31, 2025, it employed approximately 400 people across the U.S. and the Philippines and had 30 offices across the U.S. The business was founded in 2001 by its Chief Executive Officer, Richard F. "Gordy" Bunch III. The products it distributes include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, general liability, property, business auto, workers' compensation, business owner policy, professional liability, commercial bonds and group benefits insurance. A significant portion of its business is concentrated in Texas, California and Louisiana, representing 54.1%, 15.2% and 12.4%, respectively, of its Total Written Premiums in 2025.

Written from the business description in TWFG, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth

USD 248.5M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 248.5 · Net income 41.2
100M200M
20222025
Compound annual growth
+17.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.9% · Net 16.6%
5%10%15%
202220232025
ROE
FY2024 · ROE 5.2%
2%4%
202220232025
Three returns, three denominators.
Return on equityNot available: we don't have a clean profit figure for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 12%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 53.1
20M40M
202220232025

Total assetsUSD 372.3M
EquityUSD 83.4M
CashUSD 155.9M
Gross debtUSD 4.0M
Net debtUSD -151.9M
Current ratio5.12×

The company holds more cash than debt.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
TWFG, 4-year financial record
Metric 2025202420232022
Revenue $B0.20.20.20.2
Operating income $B0.00.00.00.0
EBITDA $B0.10.00.00.0
Income tax $B0.00.00.00.0
Net income $B0.00.00.00.0
Free cash flow $B0.10.00.00.0
EPS, diluted $0.530.19◌◌
Dividend / sh $◌◌◌◌
Payout % — not applicable: no dividend————
ROE %◌5.20.0◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 12 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 17 checks were skipped: EPS is not tagged before 2024.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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