TWFG, Inc. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	150.99	195.77	39.3	22.33
Cash & Short-Term Investments	150.99	195.77	39.3	22.33
Cash Growth	-21.03%	398.19%	75.98%	-
Receivables	35.7	34.91	25.06	20.64
Restricted Cash	11.56	9.55	7.17	7.93
Other Current Assets	13.09	1.62	3.58	37.81
Total Current Assets	211.33	241.85	75.11	88.72
Property, Plant & Equipment	7.72	7.99	3.06	2.92
Long-Term Investments	-	0.3	0.5	0.8
Other Intangible Assets	129.39	72.98	36.44	21.36
Other Long-Term Assets	0.73	0.31	0.34	0.36
Total Assets	349.17	323.43	115.44	114.15
Accounts Payable	1.67	-	-	0.21
Accrued Expenses	19.45	13.85	12.49	9.5
Current Portion of Long-Term Debt	4.46	2.51	2.78	2.64
Current Portion of Leases	1.39	1.01	0.88	0.63
Other Current Liabilities	17.23	22.24	18.76	33.35
Total Current Liabilities	45.14	39.62	34.91	46.33
Long-Term Debt	5.15	5.13	47.96	8.36
Long-Term Leases	3.14	3.37	1.52	1.68
Other Long-Term Liabilities	-	0.02	-	-
Total Liabilities	53.43	48.14	84.39	56.37
Common Stock	0.15	0.15	0.63	0.63
Additional Paid-In Capital	58.87	58.37	25.11	25.11
Retained Earnings	20.31	15.29	4.81	32.18
Comprehensive Income & Other	0.04	0.08	0.5	-0.14
Total Common Equity	79.36	73.88	31.05	57.79
Minority Interest	216.38	201.4	-	-
Shareholders' Equity	295.75	275.29	31.05	57.79
Total Liabilities & Equity	349.17	323.43	115.44	114.15
Total Debt	14.15	12.03	53.14	13.31
Net Cash (Debt)	136.84	183.75	-13.84	9.02
Net Cash Per Share	9.04	12.26	-21.91	14.28
Filing Date Shares Outstanding	15.03	14.9	0.63	0.63
Total Common Shares Outstanding	15.01	14.81	0.63	0.63
Working Capital	166.19	202.23	40.2	42.38
Book Value Per Share	5.29	4.99	49.15	91.47
Tangible Book Value	-50.02	0.91	-5.39	36.43
Tangible Book Value Per Share	-3.33	0.06	-8.52	57.67

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