TWFG (TWFG) Income Statement

TWFG reported revenue of $248.51M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 28.3% from $193.72M a year earlier. Net income was $7.96M, up 190.1% year over year, a net margin of 3.2%. Gross margin was 31.1% and operating margin 14.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $87.51M, up 51.2% from the same quarter a year earlier.

TWFG Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TWFG, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	248.51	193.72	166.99	153.88
Cost of Revenue	37.64	147.15	130.82	12.24
Gross Profit	77.36	46.57	36.17	36.72
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	155.54	16.67	10.97	114.62
Operating Expenses	38.93	18.65	10.78	117.92
Operating Income	36.99	27.93	25.39	23.72
Other Income/Expense
Interest Income	6.61	4.38	0.89	0.05
Interest Expense	0.29	2.22	1.00	-0.40
Other Income/Expense	7.46	2.16	-0.13	-0.37
Income
Income Before Tax	44.45	30.09	25.26	23.35
Income Tax Expense	3.28	1.50	0.00	0.00
Net Income	7.96	2.75	0.00	0.00
Net Income - Continuous Operations	41.17	2.75	0.00	0.00
Net Income - Discontinued Operations	-	-	0.83	-2.73
EBITDA	54.63	44.33	31.13	27.02
EBIT	36.99	27.93	26.27	23.72
Depreciation & Amortization	18.35	12.02	4.86	3.30
Earnings Per Share
Basic EPS	1.00	-	-	33.00
Diluted EPS	1.00	-	-	33.00
Basic Shares Outstanding	14.91	14.77	13.16	0.63
Diluted Shares Outstanding	15.10	14.98	13.16	0.63

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TWFG Financial Statements

What was TWFG's revenue in fiscal 2025?

TWFG reported revenue of $248.51M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 28.3% from $193.72M a year earlier.

Is TWFG profitable?

Yes. TWFG earned net income of $7.96M in fiscal 2025, a net margin of 3.2%. In fiscal 2024 it earned $2.75M.

What is TWFG's operating margin?

TWFG's operating income was $36.98M on revenue of $248.51M in fiscal 2025, an operating margin of 14.9%, compared with 14.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition