TWFG, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	233.96	193.72	166.99	147.78
Other Revenue	14.55	10.04	5.05	6.09
Revenue	248.51	203.76	172.04	153.88
Revenue Growth (YoY)	21.96%	18.44%	11.81%	-
Cost of Revenue	37.64	29.06	13.97	12.24
Gross Profit	210.88	174.7	158.07	141.64
Selling, General & Admin	155.54	134.75	127.82	114.62
Operating Expenses	173.89	146.77	132.68	117.92
Operating Income	36.99	27.93	25.39	23.72
Interest Expense	-0.29	-2.22	-1	-0.4
Interest & Investment Income	6.61	4.38	0.89	0.05
Other Non Operating Income (Expenses)	1.14	0.01	-0.02	-0.02
Pretax Income	44.45	30.09	25.26	23.35
Income Tax Expense	3.28	1.5	-	-
Earnings From Continuing Operations	41.17	28.59	25.26	23.35
Earnings From Discontinued Operations	-	-	0.83	-2.73
Net Income to Company	41.17	28.59	26.1	20.61
Minority Interest in Earnings	-33.2	-25.85	-26.1	-20.61
Net Income	7.96	2.75	-	-
Net Income to Common	7.96	2.75	-	-
Net Income Growth	190.09%	-	-	-
Shares Outstanding (Basic)	15	15	1	1
Shares Outstanding (Diluted)	15	15	1	1
Shares Change (YoY)	0.79%	2271.57%	-	-
EPS (Basic)	0.53	0.19	-	-
EPS (Diluted)	0.53	0.19	-	-
EPS Growth	186.62%	-	-	-
Free Cash Flow	53.15	37.28	29.89	25.64
Free Cash Flow Per Share	3.52	2.49	47.32	40.59
Gross Margin	84.86%	85.74%	91.88%	92.05%
Operating Margin	14.88%	13.71%	14.76%	15.41%
Profit Margin	3.20%	1.35%	-	-
Free Cash Flow Margin	21.39%	18.30%	17.38%	16.66%
EBITDA	54.63	38.97	30.25	27.02
EBITDA Margin	21.98%	19.13%	17.58%	17.56%
D&A For EBITDA	17.65	11.04	4.86	3.3
EBIT	36.99	27.93	25.39	23.72
EBIT Margin	14.88%	13.71%	14.76%	15.41%
Effective Tax Rate	7.38%	4.97%	-	-
Revenue as Reported	248.51	203.76	172.04	153.88

Source: S&P Capital IQ. Standard template. Financial Sources.