TWFG, Inc. (TWFG)
TWFG, Inc. brought in $310.5M of revenue over the twelve months to September 30, 2026. Net income was $8.2M, a net margin of 2.7%. Operating cash flow minus capital spending left $53.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $77.8M in cash against $2.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about TWFG, Inc.
- Net worth
- TWFG, Inc. has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $47.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $248.5M (+22.0% year on year), with net income of $8M. Over the 12 months to September 30, 2026: revenue $310.5M, net income $8.2M.
- Cash flow
- In fiscal 2025 operations brought in $53.5M of cash; after $356K of capital spending, free cash flow was $53.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- TWFG, Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What TWFG, Inc. does
TWFG, Inc. is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NASDAQ under the ticker TWFG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $248.5M | $8M | $0.53 | $53.1M |
| 2024 | $203.8M | $2.7M | $0.19 | $37.3M |
| 2024 | $172M | $0 | n/a | $29.9M |
| 2022 | $153.9M | $0 | n/a | $25.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TWFG ranks in Finance
Latest SEC filings
What TWFG, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 25% to $79.9M versus the same quarter last year; diluted EPS $0.09 versus $0.11.
- November 4, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 45% to $87.5M versus the same quarter last year; diluted EPS $0.18 versus $0.13.
- August 5, 2026
- July 28, 2026Passive stake (5% or more) SCHEDULE 13G
- July 24, 2026
What is TWFG worth? A DCF from its reported cash flow
Insider trades
What the people running TWFG, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 17, 2026 | Nolan Katherine CChief Operating Officer | Shares withheld for tax | 11,559 | $304.6K |
| July 17, 2026 | Benes Julie E.General Counsel and Secretary | Shares withheld for tax | 6,171 | $162.6K |
| July 17, 2026 | Bunch Michelle CarolineDirector | Shares withheld for taxindirect | 17,733 | $467.3K |
| July 17, 2026 | Bunch Richard F. IIIPresident and CEO, Director, 10% owner | Shares withheld for tax | 17,733 | $467.3K |
| July 17, 2026 | Bunch Charles AlexanderChief Creative & Marketing Off | Shares withheld for tax | 6,163 | $162.4K |
| July 17, 2026 | Zwinggi Janice E.Chief Financial Officer | Shares withheld for tax | 7,710 | $203.2K |
| June 5, 2026 | Bunch Richard F. IIIPresident and CEO, Director, 10% owner | Gave as a giftindirect | 529,568 | - |
| June 5, 2026 | Bunch Richard F. IIIPresident and CEO, Director, 10% owner | Gave as a gift | 264,784 | - |
Who owns TWFG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Baron Capital Group, Inc.13G, passive with 4 related filers | 8.73% | August 14, 2026 |
| T. Rowe Price Investment Management, Inc.13G, passive | 5.8% | July 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 82 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Bamco Inc | 1,135,091 | -8 |
| Franklin Resources Inc | 781,912 | +771,912 |
| Giverny Capital Inc. | 652,452 | +100,345 |
| Central Securities Corp | 500,000 | 0 |
| Vanguard Capital Management LLC | 489,244 | -81,293 |
| Marshall Wace, Llp | 408,732 | +141,904 |
| Two Sigma Investments, LP | 372,365 | +167,152 |
| Jane Street Group, LLC | 353,216 | +184,211 |
| Riverbridge Partners LLC | 332,658 | -216,956 |
| BlackRock, Inc. | 222,376 | +35,039 |
| Gilder Gagnon Howe & Co LLC | 221,180 | -2,459 |
| Alyeska Investment Group, L.P. | 215,778 | 0 |
| Citadel Advisors LLC | 214,589 | +105,087 |
| Ascent Group, LLC | 212,310 | +37,868 |
| Geode Capital Management, LLC | 174,213 | -7,879 |
| Renaissance Technologies LLC | 149,900 | +31,573 |
| Point72 Asset Management, L.P. | 135,139 | +70,471 |
| Morgan Stanley | 127,879 | +16,353 |
| Goldman Sachs Group Inc | 114,678 | -8,154 |
| Tudor Investment Corp ET AL | 102,591 | +73,426 |
Insiders
13 insiders reported holding 2,239,071 shares in total, about $60.9M at the last price.
| Holder | Shares |
|---|---|
| Doak MichaelDirector | 775,704765,587 held indirectly |
| Bunch Richard F. IIIPresident and CEO, Director, 10% owner | 594,347280,751 held indirectly |
| Bunch Michelle CarolineDirector | 594,347578,380 held indirectly |
| Nolan Katherine CChief Operating Officer | 82,049 |
| Zwinggi Janice E.Chief Financial Officer | 57,314 |
| Benes Julie E.General Counsel and Secretary | 37,454 |
| Bunch Charles AlexanderChief Creative & Marketing Off | 36,523 |
| Ferracone Robin ADirector | 26,117 |
| Wong Janet S.Director | 12,617 |
| Anderson Jonathan JamesDirector | 10,117 |
Questions about TWFG
What does TWFG, Inc. do?
TWFG, Inc. is a company in the Finance sector, listed on NASDAQ as TWFG. Its shares trade on NASDAQ under the ticker TWFG.
What is TWFG, Inc.'s net worth?
TWFG, Inc. has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $47.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is TWFG, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $8.2M on revenue of $310.5M, a net margin of 2.7%.
How much revenue does TWFG, Inc. make?
Over the twelve months to September 30, 2026 TWFG, Inc. reported revenue of $310.5M.
When did TWFG, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is TWFG, Inc.'s next earnings report?
TWFG, Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values TWFG, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.