Filing Flows › Twfg (TWFG) › Q2 2025
Twfg (TWFG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Twfg (TWFG) reported revenue of $60.3M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +12% from the quarter before. Operating margin was 12.2%, net earnings $2.0M (3.2% of revenue).
Twfg, Q2 2025: revenue $60.3M (+14% year over year), operating margin 12.2%, net earnings $2.0M, operating cash flow $9.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.3M | +12% | +14% |
| Operating profit | $7.4M | +28% | -2% |
| Net earnings | $2.0M | +46% | — |
| Operating cash flow | $9.6M | -39% | +30% |
| Free cash flow | $2.9M | — | -22% |
What changed
Revenue was $60.3M in Q2 2025, up 14% year over year and up 12% from the previous quarter. Agency-in-a-box was the largest line at 65% of revenue. Agency-in-a-box added $4.9M year over year (up 14%), 67% of the total change. Other declined 10%.
Operating profit was $7.4M, a 12.2% margin (down 2.0 points year over year). Operating profit fell $158K even though revenue rose $7.3M versus a year earlier, so costs grew faster than sales. Total costs grew 16% against revenue growth of 14%. Net earnings were $2.0M. The effective tax rate was 6.4%. Non-operating items added $2.3M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.6M (up 30% year over year), 107% of net income including minority interests. Non-cash charges added back $3.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $4.8M. After tax distribution to members, net ($6.7M) and purchase of property and equipment ($44K), adjusted free cash flow as the company reports it was $2.9M.
Questions
What was Twfg's revenue in the second quarter 2025?
Twfg (TWFG) reported revenue of $60.3M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +12% from the quarter before.
Was Twfg profitable in the second quarter 2025?
Operating profit was $7.4M (12.2% of revenue) and net earnings $2.0M.
Source: Twfg 10-Q on SEC EDGAR.