TWFG, Inc. Balance Sheet

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
Cash & Equivalents	155.93	195.77	39.3	22.33
Cash & Short-Term Investments	155.93	195.77	39.3	22.33
Cash Growth	-20.35%	398.19%	75.98%	-
Receivables	44.79	34.91	25.06	20.64
Restricted Cash	11.97	9.55	7.17	7.93
Other Current Assets	12.83	1.62	3.58	37.81
Total Current Assets	225.52	241.85	75.11	88.72
Property, Plant & Equipment	7.5	7.99	3.06	2.92
Long-Term Investments	0.1	0.3	0.5	0.8
Other Intangible Assets	138.63	72.98	36.44	21.36
Other Long-Term Assets	0.59	0.31	0.34	0.36
Total Assets	372.34	323.43	115.44	114.15
Accounts Payable	1.57	3.23	-	0.21
Accrued Expenses	18.54	16.68	12.49	9.5
Current Portion of Long-Term Debt	2.57	2.51	2.78	2.64
Current Portion of Leases	1.32	1.01	0.88	0.63
Current Income Taxes Payable	1.05	1.5	-	-
Other Current Liabilities	19.04	14.69	18.76	33.35
Total Current Liabilities	44.08	39.62	34.91	46.33
Long-Term Debt	8.7	5.13	47.96	8.36
Long-Term Leases	2.9	3.37	1.52	1.68
Other Long-Term Liabilities	-	0.02	-	-
Total Liabilities	55.69	48.14	84.39	56.37
Common Stock	0.15	0.15	0.63	0.63
Additional Paid-In Capital	59.95	58.37	25.11	25.11
Retained Earnings	23.25	15.29	4.81	32.18
Comprehensive Income & Other	0.03	0.08	0.5	-0.14
Total Common Equity	83.38	73.88	31.05	57.79
Minority Interest	233.27	201.4	-	-
Shareholders' Equity	316.65	275.29	31.05	57.79
Total Liabilities & Equity	372.34	323.43	115.44	114.15
Total Debt	15.49	12.03	53.14	13.31
Net Cash (Debt)	140.44	183.75	-13.84	9.02
Net Cash Growth	-23.57%	-	-	-
Net Cash Per Share	9.30	12.26	-21.91	14.28
Filing Date Shares Outstanding	15.03	14.9	0.63	0.63
Total Common Shares Outstanding	15.03	14.81	0.63	0.63
Working Capital	181.43	202.23	40.2	42.38
Book Value Per Share	5.55	4.99	49.15	91.47
Tangible Book Value	-55.25	0.91	-5.39	36.43
Tangible Book Value Per Share	-3.68	0.06	-8.52	57.67

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