TWFG, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
TWFG$27.09+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’/Members’ Equity
(Amounts in thousands, except share/unit data)
| For the Three Months Ended March 31, 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock · Class B Voting Stock · Class C Voting Stock | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity Attributable to TWFG, Inc. | Noncontrolling Interests | Total Stockholders’ Equity | |
| Balance at December 31, 2024 | 14,811,874 | $148 | 7,277,651 | $— | 33,893,810 | $— | $58,365 | $15,288 | $83 | $73,884 | $201,402 | $275,286 |
| Net income | – | — | – | — | – | — | — | 1,338 | — | 1,338 | 5,515 | 6,853 |
| Cash distributions to members | – | — | – | — | – | — | — | — | — | — | (2,024) | (2,024) |
| Other comprehensive income | – | — | – | — | – | — | — | — | (18) | (18) | (50) | (68) |
| Stock-based compensation | – | — | – | — | – | — | 1,204 | — | — | 1,204 | — | 1,204 |
| Vesting of restricted stock units | 134,018 | 1 | – | — | – | — | — | — | — | 1 | — | 1 |
| Tax withholding on vesting of equity awards | (41,809) | — | – | — | – | — | (1,195) | — | — | (1,195) | — | (1,195) |
| Balance at March 31, 2025 | 14,904,083 | $149 | 7,277,651 | $— | 33,893,810 | $— | $58,374 | $16,626 | $65 | $75,214 | $204,843 | $280,057 |
| For the Three Months Ended March 31, 2024 | ||||||
|---|---|---|---|---|---|---|
| Members’ Equity | ||||||
| Units | Amount | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Members’ Equity | |
| Balance at December 31, 2023 | 631,750 | $632 | $25,114 | $4,805 | $500 | $31,051 |
| Net income | – | — | — | 6,629 | — | 6,629 |
| Units issuance | 27,689 | 28 | 30,018 | — | — | 30,046 |
| Cash distributions to members | – | — | — | (2,420) | — | (2,420) |
| Other comprehensive income | – | — | — | — | 23 | 23 |
| Balance at March 31, 2024 | 659,439 | $660 | $55,132 | $9,014 | $523 | $65,329 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.