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Twfg cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$10.4M in Q3 2026 · $55.2M over twelve months

Operating cash flow$10.6M
Capital spending−$164K
Free cash flow+$10.4M
Cash / net income1.2×

Analysis

In Q3 2026, Twfg generated $10.6M of operating cash flow and spent $164K on capital projects, leaving free cash flow of $10.4M. That is $4.5M less than in Q3 2025 ($14.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $56.4M; the largest uses were other investing ($61.1M), other financing ($57.2M), net borrowing (+) / repaid (−) ($2.0M); the cash balance fell by $66.9M.

Operating cash flow was $10.6M against net income of $9.0M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$7.5M, other liabilities −$1.7M, stock-based pay +$682K.

Free cash flow

Twfg: free cash flow by quarterTwfg: free cash flow by quarter$8.7MQ4 2024$15.6MQ1 2025$9.6MQ2 2025$14.9MQ3 2025$13.1MQ4 2025$22.4MQ1 2026$9.3MQ2 2026$10.4MQ3 2026
Operating cash flow less capital spending.
Twfg: operating cash flow against capital spendingTwfg: operating cash flow against capital spendingOperating cash flowCapital spending$11.6M$2.9MQ4 2024$15.6M$15KQ1 2025$9.6M$44KQ2 2025$15.0M$69KQ3 2025$13.3M$228KQ4 2025$22.7M$292KQ1 2026$9.8M$505KQ2 2026$10.6M$164KQ3 2026
Latest (Q3 2026): Operating cash flow $10.6M, Capital spending $164K.

Capital allocation, year by year

Twfg: where the cash came from (up) and went (down), by fiscal yearTwfg: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2022: Operating cash flow $25.8MFY2022: Net borrowing −$2.6MFY2022: Asset sales $40KFY2022: Capital spending −$115K$25.8MFY2022FY2023: Operating cash flow $30.2MFY2023: Net borrowing $38.4MFY2023: Capital spending −$260K$68.5MFY2023FY2024: Operating cash flow $40.5MFY2024: Net borrowing −$43.4MFY2024: Shares issued $194MFY2024: Capital spending −$3.2M$234MFY2024FY2025: Operating cash flow $53.5MFY2025: Net borrowing −$1.9MFY2025: Asset sales $49KFY2025: Capital spending −$356K$53.5MFY2025
Over these 4 years operating cash flow totalled $150M; the largest uses were net borrowing ($47.9M) and capital spending ($3.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$77.8M
Debt$7.7M
Net cash$70.1M
Due within a year$2.5M

Twfg funds itself: free cash flow was $55.2M over the last twelve months, and $77.8M of cash and investments stands against $7.7M of debt ($2.5M due within a year, 31.0× covered by cash).

Twfg: debt maturities by year (FY2024)Twfg: debt maturities by year (FY2024)$2.5MYear 1$2.6MYear 2$2.3MYear 3$147KYear 4$120KYear 5
Principal due in each year as disclosed in the annual report, against $77.8M of cash and investments now.

Where the cash came from and went

Twfg: sources (+) and uses (−) of cash, Q3 2026Twfg: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$10.6MOther financing−$3.5MCash drawn (+) / kept (−)−$2.9MOther investing−$2.2MTaxes on employees’ shares−$1.3MNet borrowing (+) / repaid (−)−$494KCapital spending−$164KAsset & business sales−$1K
Twfg: sources (+) and uses (−) of cash, TTM to Q3 2026Twfg: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)$66.9MOther investing−$61.1MOther financing−$57.2MOperating cash flow$56.4MNet borrowing (+) / repaid (−)−$2.0MTaxes on employees’ shares−$1.8MCapital spending−$1.2M

From profit to cash

Twfg: net income to operating cash flow, Q3 2026Twfg: net income to operating cash flow, Q3 2026Net income$9.0MDepreciation & amortization$7.5MStock-based pay$682KOther non-cash$238KReceivables$131KPrepaid and other assets−$125KOther liabilities−$1.7MOperating cash flow$10.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$10.6M−$164K—−$494K—−$2.9M$10.4M
Q2 2026$9.8M−$505K−$26.3M−$491K—$50.9M$9.3M
Q1 2026$22.7M−$292K−$16.6M−$488K—$24.3M$22.4M
Q4 2025$13.3M−$228K—−$484K—−$5.4M$13.1M
Q3 2025$15.0M−$69K—−$479K—$8.5M$14.9M
Q2 2025$9.6M−$44K—−$476K—$37.3M$9.6M
Q1 2025$15.6M−$15K—−$473K—−$3.0M$15.6M
Q4 2024$11.6M−$2.9M—−$469K−$7.1M−$4.4M$8.7M

Twfg: income statement and cash flow

Twfg, Q3 2026: revenue $79.9M (+25% year over year), operating margin 11.3%. The chart follows the revenue to costs, profit and cash.

Twfg: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.