Filing Flows › Twfg (TWFG) › Q1 2025
Twfg (TWFG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Twfg (TWFG) reported revenue of $53.8M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +4% from the quarter before. Operating margin was 10.6%, net earnings $1.3M (2.5% of revenue).
Twfg, Q1 2025: revenue $53.8M (+17% year over year), operating margin 10.6%, net earnings $1.3M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.8M | +4% | +17% |
| Operating profit | $5.7M | +16% | -22% |
| Net earnings | $1.3M | -84% | — |
| Operating cash flow | $15.6M | +35% | +60% |
| Free cash flow | $13.6M | — | +86% |
What changed
Revenue was $53.8M in Q1 2025, up 17% year over year and up 4% from the previous quarter. Agency-in-a-box was the largest line at 67% of revenue. Agency-in-a-box added $4.3M year over year (up 13%), 56% of the total change.
Operating profit was $5.7M, a 10.6% margin (down 5.2 points year over year). Operating profit fell $1.6M even though revenue rose $7.7M versus a year earlier, so costs grew faster than sales. Total costs grew 24% against revenue growth of 17%. Net earnings were $1.3M. The effective tax rate was 8.7%. Non-operating items added $1.8M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $15.6M (up 60% year over year), 228% of net income including minority interests. Non-cash charges added back $3.4M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $4.2M. After tax distribution to members, net ($2.0M) and purchase of property and equipment ($15K), adjusted free cash flow as the company reports it was $13.6M.
Questions
What was Twfg's revenue in the first quarter 2025?
Twfg (TWFG) reported revenue of $53.8M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +4% from the quarter before.
Was Twfg profitable in the first quarter 2025?
Operating profit was $5.7M (10.6% of revenue) and net earnings $1.3M.
Source: Twfg 10-Q on SEC EDGAR.