TWFG, Inc. Income Statement

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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	207.28	193.72	166.99	147.78
Other Revenue	11.46	10.04	5.05	6.09
Revenue	218.74	203.76	172.04	153.88
Revenue Growth (YoY)	17.46%	18.44%	11.81%	-
Cost of Revenue	33.68	29.06	13.97	12.24
Gross Profit	185.05	174.7	158.07	141.64
Selling, General & Admin	145.56	134.75	127.82	114.62
Operating Expenses	158.86	146.77	132.68	117.92
Operating Income	26.19	27.93	25.39	23.72
Interest Expense	-0.66	-2.22	-1	-0.4
Interest & Investment Income	7.57	4.38	0.89	0.05
Other Non Operating Income (Expenses)	0.57	0.01	-0.02	-0.02
Pretax Income	33.67	30.09	25.26	23.35
Income Tax Expense	2.77	1.5	-	-
Earnings From Continuing Operations	30.9	28.59	25.26	23.35
Earnings From Discontinued Operations	-	-	0.83	-2.73
Net Income to Company	30.9	28.59	26.1	20.61
Minority Interest in Earnings	-24.86	-25.85	-26.1	-20.61
Net Income	6.04	2.75	-	-
Net Income to Common	6.04	2.75	-	-
Shares Outstanding (Basic)	22	15	1	1
Shares Outstanding (Diluted)	22	15	1	1
Shares Change (YoY)	3337.84%	2271.57%	-	-
EPS (Basic)	0.28	0.19	-	-
EPS (Diluted)	0.27	0.19	-	-
Free Cash Flow	-	37.28	29.89	25.64
Free Cash Flow Per Share	-	2.49	47.32	40.59
Gross Margin	84.60%	85.74%	91.88%	92.05%
Operating Margin	11.97%	13.71%	14.76%	15.41%
Profit Margin	2.76%	1.35%	-	-
Free Cash Flow Margin	-	18.30%	17.38%	16.66%
EBITDA	38.13	38.97	29.11	27.02
EBITDA Margin	17.43%	19.13%	16.92%	17.56%
D&A For EBITDA	11.94	11.04	3.72	3.3
EBIT	26.19	27.93	25.39	23.72
EBIT Margin	11.97%	13.71%	14.76%	15.41%
Effective Tax Rate	8.23%	4.97%	-	-
Revenue as Reported	218.74	203.76	172.04	153.88

Updated May 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q