Filing Flows › Twfg (TWFG) › Q3 2026 › vs Q3 2025
Twfg (TWFG) Q3 2026 vs Q3 2025 (year over year)
Twfg's revenue rose $15.8M (+25%) from $64.1M in Q3 2025 to $79.9M in Q3 2026. The biggest changes: Commission income +$15.1M (+26%); Contingent income +$476K (+23%); Policy fees +$377K (+32%). Operating margin 11.3% against 14.1% (-2.8 pts).
Twfg, Q3 2026: revenue $79.9M (+25% year over year), operating margin 11.3%, net earnings $1.2M, operating cash flow $10.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.3% | 14.1% | -2.8 pts |
| Net margin | 1.5% | 2.7% | -1.2 pts |
| Free cash flow margin | 9.4% | 19.2% | -9.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commission income | $73.4M | $58.3M | $15.1M | +26% |
| Contingent income | $2.6M | $2.1M | $476K | +23% |
| Policy fees | $1.6M | $1.2M | $377K | +32% |
| Branch fees | $1.4M | $1.3M | $82K | +6% |
| Other | $535K | $408K | $127K | +31% |
| License fees | $526K | $886K | −$360K | -41% |
| Revenue | $79.9M | $64.1M | $15.8M | +25% |
| Other income, net | $572K | $1.6M | −$991K | -63% |
| Operating profit | $9.0M | $9.0M | −$5K | -0.1% |
| Costs & expenses | $70.9M | $55.1M | $15.8M | +29% |
| Pre-tax earnings | $9.6M | $10.6M | −$996K | -9% |
| Net earnings | $1.2M | $1.7M | −$549K | -32% |
| Minority interests | $7.8M | $7.9M | −$71K | -0.9% |
| Income tax | $601K | $977K | −$376K | -38% |
| Depreciation & amortization | $7.5M | $5.3M | $2.2M | +41% |
| Share-based compensation | $682K | $987K | −$305K | -31% |
| Working capital & other | $1.2M | $6.9M | −$5.7M | -82% |
| Operating cash flow | $10.6M | $15.0M | −$4.4M | -29% |
| Adjusted Free Cash Flow (company-reported) | $7.5M | $12.3M | −$4.8M | -39% |
| Tax distribution to members, net | $2.9M | $2.6M | $300K | +12% |
| Purchase of property and equipment | $164K | $69K | $95K | +138% |
Questions
How much did Twfg's revenue grow year over year in Q3 2026?
Twfg's revenue rose $15.8M (+25%) from $64.1M in Q3 2025 to $79.9M in Q3 2026.
What drove Twfg's revenue change in Q3 2026?
Commission income +$15.1M (+26%); Contingent income +$476K (+23%); Policy fees +$377K (+32%).