Twfg, Inc. (TWFG)
Nasdaq · Insurance Agents, Brokers & Service · Finance, insurance and real estate · CIK 2007596 · fiscal year ends in Dec
Closing price $27.04 on 29 Oct 2026; 52-week range $17.04 to $31.15.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $294.7M
- Revenue growth
- 36.0%
- Net income, last twelve months
- $8.8M
- Earnings per share
- $0.61
- Operating margin
- 18.3%
- Net margin
- 3.0%
- Free cash flow
- $59.7M
- Return on equity
- 19.1%
- Market value
- $354.1M
- Price to earnings
- 44.3x
- Cash
- $73.7M
- Debt
- $3.0M
- Debt to equity
- 0.07
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $248.5M | $37.0M | $8.0M | $0.53 | $53.1M | 10-K filed 10 Mar 2026 |
| FY2024 | 31 Dec 2024 | $203.8M | $27.9M | $2.7M | $0.19 | $37.3M | 10-K filed 27 Mar 2025 |
| FY2023 | 31 Dec 2023 | $172.0M | $25.4M | $0 | – | $29.9M | 10-K filed 27 Mar 2025 |
| FY2022 | 31 Dec 2022 | $153.9M | $23.7M | $0 | – | $25.6M | 10-K filed 27 Mar 2025 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $87.5M | $2.4M | $0.18 |
| Q1 FY2026 | 31 Mar 2026 | $72.8M | $1.8M | $0.12 |
| Q4 FY2025 | 31 Dec 2025 | $70.3M | $2.9M | $0.20 |
| Q3 FY2025 | 30 Sep 2025 | $64.1M | $1.7M | $0.11 |
| Q2 FY2025 | 30 Jun 2025 | $60.3M | $2.0M | $0.13 |
| Q1 FY2025 | 31 Mar 2025 | $53.8M | $1.3M | $0.09 |
| Q4 FY2024 | 31 Dec 2024 | $49.7M | $8.2M | $0.11 |
| Q3 FY2024 | 30 Sep 2024 | $52.9M | $1.2M | $0.08 |
Company events
The newest 8-K filings of 19 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 13 Aug 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 5 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 24 Jul 2026 | 8-K | Leadership change | 5.02 |
| 28 May 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 7 May 2026 | 8-K | Results | 2.02 |
| 25 Feb 2026 | 8-K | Results, Other events | 2.02, 8.01, 9.01 |
| 12 Nov 2025 | 8-K | Results, Leadership change | 2.02, 5.02 |
| 12 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 28 May 2025 | 8-K | Shareholder vote | 5.07 |
| 13 May 2025 | 8-K | Results | 2.02 |
| 2 May 2025 | 8-K | Investor update | 7.01, 9.01 |
| 8 Apr 2025 | 8-K | Leadership change | 5.02, 9.01 |
Every filing
The newest filings with the SEC of 63 held.
| Filed | Form | Period |
|---|---|---|
| 13 Aug 2026 | 8-K | 12 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 5 Aug 2026 | 8-K | 5 Aug 2026 |
| 24 Jul 2026 | 8-K | 21 Jul 2026 |
| 28 May 2026 | 8-K | 28 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 4 May 2026 |
| 10 Apr 2026 | ARS | 31 Dec 2025 |
| 10 Apr 2026 | DEFA14A | – |
| 10 Apr 2026 | DEF 14A | 27 May 2026 |
| 10 Mar 2026 | 10-K | 31 Dec 2025 |
| 25 Feb 2026 | 8-K | 25 Feb 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 5 Jun 2026 | Doak Michael, Director | Purchase | 7,865 | $19.45 | $153.0K | 765,587 | 8 Jun 2026 |
| 4 Jun 2026 | Doak Michael, Director | Purchase | 11,000 | $19.09 | $210.0K | 757,722 | 4 Jun 2026 |
| 3 Jun 2026 | Doak Michael, Director | Purchase | 22,994 | $18.62 | $428.1K | 746,722 | 4 Jun 2026 |
| 2 Jun 2026 | Doak Michael, Director | Purchase | 16,500 | $19.25 | $317.6K | 723,728 | 2 Jun 2026 |
| 1 Jun 2026 | Doak Michael, Director | Purchase | 16,500 | $19.33 | $318.9K | 707,228 | 2 Jun 2026 |
| 29 May 2026 | Doak Michael, Director | Purchase | 11,330 | $18.87 | $213.8K | 690,728 | 29 May 2026 |
| 28 May 2026 | Doak Michael, Director | Purchase | 11,000 | $18.87 | $207.6K | 679,398 | 29 May 2026 |
| 27 May 2026 | Doak Michael, Director | Purchase | 24,880 | $18.62 | $463.3K | 668,398 | 27 May 2026 |
| 26 May 2026 | Doak Michael, Director | Purchase | 11,000 | $19.23 | $211.5K | 643,518 | 27 May 2026 |
| 22 May 2026 | Doak Michael, Director | Purchase | 11,000 | $18.89 | $207.8K | 632,518 | 27 May 2026 |
| 21 May 2026 | Doak Michael, Director | Purchase | 17,538 | $18.52 | $324.8K | 621,518 | 22 May 2026 |
| 20 May 2026 | Doak Michael, Director | Purchase | 15,745 | $18.79 | $295.8K | 603,980 | 22 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Richard F. Bunch III | 13G amended | 0.7% | 34.3M |
| 14 Aug 2026 | BAMCO INC /NY/ | 13G amended | 8.73% | 1.1M |
| 12 Aug 2026 | Capital International Investors | 13G amended | 0% | 0 |
| 28 Jul 2026 | Franklin Resources, Inc. | 13G | 6% | 781.9K |
| 8 Jul 2026 | T. Rowe Price Investment Management, Inc. | 13G amended | 5.8% | 753.7K |
| 18 May 2026 | AllianceBernstein L.P. | 13G amended | 0% | 0 |
| 15 May 2026 | T. Rowe Price Investment Management, Inc. | 13G amended | 14% | 2.1M |
| 15 May 2026 | BAMCO INC /NY/ | 13G amended | 7.55% | 1.1M |
| 6 May 2026 | FMR LLC | 13G amended | 1% | 151.3K |
| 13 Feb 2026 | Capital International Investors | 13G | 6.4% | 958.5K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 922.1K | +10.47% | 7.95 |
| 30 Sep 2026 | 834.7K | +14.02% | 4.68 |
| 15 Sep 2026 | 732.1K | +20.55% | 4.29 |
| 31 Aug 2026 | 607.3K | +12.22% | 3.64 |
| 14 Aug 2026 | 541.2K | +0.22% | 3.47 |
| 31 Jul 2026 | 540.0K | +19.88% | 3.69 |
| 15 Jul 2026 | 450.4K | -2.52% | 4.21 |
| 30 Jun 2026 | 462.1K | -4.44% | 2.59 |
Funds that hold it
From each fund's latest Form 13F.
95 funds held it at 30 Jun 2026: 44 added and 23 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Bamco Inc. | 1,135,091 | $27.3M | -8 |
| Franklin Resources Inc. | 781,912 | $18.8M | +771,912 |
| T. Rowe Price Investment Management, Inc. | 753,680 | $18.1M | -1,345,618 |
| Giverny Capital Inc. | 652,452 | $15.7M | +100,345 |
| Central Securities Corp | 500,000 | $12.0M | 0 |
| Vanguard Capital Management LLC | 489,244 | $11.8M | -81,293 |
| Marshall Wace, LLP | 408,732 | $9.8M | +141,904 |
| Two Sigma Investments, LP | 372,365 | $9.0M | +167,152 |
| Jane Street Group, LLC | 353,216 | $8.5M | +184,211 |
| Riverbridge Partners LLC | 332,658 | $8.0M | -216,956 |
Peers
Companies in the same industry.
- Marsh & McLennan Companies, Inc. (MRSH): revenue $28.5B, market value $93.6B
- Arthur J. Gallagher & Co. (AJG): revenue $15.8B, market value $68.7B
- Aon plc (AON): revenue $17.7B, market value $68.2B
- Willis Towers Watson plc (WTW): revenue $10.3B, market value $29.6B
- Brown & Brown, Inc. (BRO): revenue $6.9B, market value $22.2B
- Equitable Holdings, Inc. (EQH): revenue $10.6B, market value $14.9B
- Erie Indemnity Co. (ERIE): revenue $4.1B, market value $13.1B
- Enact Holdings, Inc. (ACT): revenue $1.3B, market value $6.6B
- Hagerty, Inc. (HGTY): revenue –, market value $5.4B
- Corvel Corp. (CRVL): revenue $983.7M, market value $4.2B