TWFG (TWFG) Balance Sheet: Assets & Liabilities

TWFG (TWFG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), TWFG reported total assets of $370.91M and total liabilities of $55.59M. Shareholders' equity was $83.09M, down 69.8% from $275.29M a year earlier. Total debt stood at $11.12M against $155.93M in cash and short-term investments, a net cash position of $144.80M. That puts debt-to-equity at 0.13, compared with 0.02 a year earlier.

TWFG Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for TWFG, Inc. (TWFG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Current Assets
Cash and Cash Equivalents	155.93	195.77	39.30	22.33
Cash & Short-Term Investments	155.93	195.77	39.30	22.33
Accounts Receivable	35.89	34.91	25.06	20.64
Inventory	0.00	0.00	0.00	44.67
Other Current Assets	32.27	1.62	1.55	37.81
Total Current Assets	224.09	241.85	75.11	88.72
Non-Current Assets
Property, Plant & Equipment (Net)	7.50	7.99	3.06	2.92
Long-Term Investments	0.00	0.30	0.00	0.80
Intangible Assets	138.63	72.98	36.44	21.36
Other Non-Current Assets	0.69	0.61	0.84	1.16
Total Non-Current Assets	146.82	81.58	40.33	25.44
Total Assets	370.91	323.43	115.44	114.15
Current Liabilities
Accounts Payable	0.00	13.85	14.05	9.71
Short-Term Debt	3.29	1.91	2.44	2.64
Current Portion of Long-Term Debt	-	2.51	2.78	2.64
Accrued Liabilities	3.37	13.85	1.13	9.50
Other Current Liabilities	0.00	22.84	11.04	33.35
Total Current Liabilities	3.29	39.62	34.91	46.33
Non-Current Liabilities
Long-Term Debt	7.83	4.01	46.92	8.36
Other Non-Current Liabilities	44.46	1.15	1.04	0.00
Total Non-Current Liabilities	52.29	8.53	49.47	10.04
Total Liabilities	55.59	48.14	84.39	56.37
Stockholders' Equity
Common Stock	0.15	0.15	0.63	0.63
Retained Earnings	22.96	15.29	4.81	32.18
Accumulated Other Comprehensive Income	0.03	0.08	0.50	-0.14
Additional Paid-in Capital	59.95	58.37	25.11	25.11
Minority Interest	232.23	201.40	0.00	0.00
Shares Outstanding	15.03	14.81	13.16	13.16
Total Stockholders' Equity	83.09	275.29	31.05	57.79
Total Liabilities & Equity	370.91	323.43	115.44	114.15

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

Frequently Asked Questions About TWFG Balance Sheet

How much debt does TWFG have?

TWFG had total debt of $11.12M as of Dec 31, 2025, against $155.93M in cash and short-term investments. Its debt-to-equity ratio was 0.13. Total debt was $5.92M a year earlier.

What are TWFG's total assets?

TWFG reported total assets of $370.91M as of Dec 31, 2025, up 14.7% from $323.43M a year earlier. Total liabilities were $55.59M.

What is TWFG's shareholders' equity?

TWFG's shareholders' equity was $83.09M as of Dec 31, 2025, or about $5.53 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition