Filing Flows › Twfg (TWFG) › Q1 2026
Twfg (TWFG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Twfg (TWFG) reported revenue of $72.8M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +4% from the quarter before. Operating margin was 17.0%, net earnings $1.8M (2.4% of revenue).
Twfg, Q1 2026: revenue $72.8M (+35% year over year), operating margin 17.0%, net earnings $1.8M, operating cash flow $22.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.8M | +4% | +35% |
| Operating profit | $12.4M | -17% | +116% |
| Net earnings | $1.8M | -40% | +31% |
| Operating cash flow | $22.7M | +71% | +45% |
| Free cash flow | $15.2M | — | +12% |
What changed
Revenue was $72.8M in Q1 2026, up 35% year over year and up 4% from the previous quarter. Commission income was the largest line at 92% of revenue. Commission income added $18.3M year over year (up 37%), 96% of the total change. License fees declined 13%.
Operating profit was $12.4M, a 17.0% margin (up 6.3 points year over year). Of the extra revenue versus Q1 2025, 35% reached operating profit, above the 11% margin then. Total costs grew 26% against revenue growth of 35%. Net earnings were $1.8M, up 31% year over year. The effective tax rate was 8.0%.
Operating cash flow was $22.7M (up 45% year over year), 174% of net income including minority interests. Non-cash charges added back $6.2M of depreciation and amortization and $856K of share-based compensation. Working capital and other items added $2.6M. After tax distribution to members, net ($7.2M) and purchase of property and equipment ($292K), adjusted free cash flow as the company reports it was $15.2M.
Questions
What was Twfg's revenue in the first quarter 2026?
Twfg (TWFG) reported revenue of $72.8M for the first quarter 2026 (Q1 2026), +35% from a year earlier and +4% from the quarter before.
Was Twfg profitable in the first quarter 2026?
Operating profit was $12.4M (17.0% of revenue) and net earnings $1.8M.
Source: Twfg 10-Q on SEC EDGAR.