Filing Flows › Twfg (TWFG) › Q4 2025
Twfg (TWFG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Twfg (TWFG) reported revenue of $70.3M for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +10% from the quarter before. Operating margin was 21.1%, net earnings $2.9M (4.2% of revenue).
Twfg, Q4 2025: revenue $70.3M (+36% year over year), operating margin 21.1%, net earnings $2.9M, operating cash flow $13.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.3M | +10% | +36% |
| Operating profit | $14.9M | +64% | +108% |
| Net earnings | $2.9M | +71% | +85% |
| Operating cash flow | $13.3M | -11% | +15% |
| Free cash flow | $13.1M | -12% | +50% |
What changed
Revenue was $70.3M in Q4 2025, up 36% year over year and up 10% from the previous quarter. Agency-in-a-box was the largest line at 57% of revenue.
Operating profit was $14.9M, a 21.1% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 14% margin then. Total costs grew 24% against revenue growth of 36%. Net earnings were $2.9M, up 85% year over year. The effective tax rate was 6.1%.
Operating cash flow was $13.3M (up 15% year over year), 85% of net income including minority interests. Non-cash charges added back $5.8M of depreciation and amortization and $872K of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $228K left free cash flow of $13.1M.
Questions
What was Twfg's revenue in the fourth quarter 2025?
Twfg (TWFG) reported revenue of $70.3M for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +10% from the quarter before.
Was Twfg profitable in the fourth quarter 2025?
Operating profit was $14.9M (21.1% of revenue) and net earnings $2.9M.
Source: Twfg 10-K on SEC EDGAR.