TWFG Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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.
Sep 30, 2024 · Filed Nov 13, 2024
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 Financial Position
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $191,196 | $39,297 |
| Restricted cash | 9,709 | 7,171 |
| Commissions receivable, net | 22,901 | 19,082 |
| Accounts receivable | 8,782 | 5,982 |
| Deferred offering costs | — | 2,025 |
| Other current assets, net | 1,539 | 1,551 |
| Total current assets | 234,127 | 75,108 |
| Non-current assets | ||
| Intangible assets - net | 75,024 | 36,436 |
| Property and equipment - net | 682 | 597 |
| Lease right-of-use assets - net | 2,625 | 2,459 |
| Other non-current assets | 635 | 837 |
| Total assets | $313,093 | $115,437 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Commissions payable | $14,438 | $12,487 |
| Carrier liabilities | 13,278 | 8,731 |
| Operating lease liabilities, current | 1,070 | 882 |
| Short-term bank debt | 1,897 | 2,437 |
| Deferred acquisition payable, current | 506 | 5,369 |
| Other current liabilities | 6,908 | 5,006 |
| Total current liabilities | 38,097 | 34,912 |
| Non-current liabilities | ||
| Operating lease liabilities, net of current portion | 1,448 | 1,518 |
| Long-term bank debt | 4,490 | 46,919 |
| Deferred acquisition payable, non-current | 924 | 1,037 |
| Total liabilities | 44,959 | 84,386 |
| Commitment and contingencies (see Note 15) | ||
| Stockholders'/Members' Equity | ||
| Members’ Equity (631,750 common units issued and outstanding at December 31, 2023) | — | 632 |
| Class A common stock ($0.01 par value per share - 300,000,000 authorized, 14,811,874 shares issued and outstanding at September 30, 2024) | 148 | — |
| Class B common stock ($0.00001 par value per share - 100,000,000 authorized, 7,277,651 shares issued and outstanding at September 30, 2024) | — | — |
| Class C common stock ($0.00001 par value per share - 100,000,000 authorized, 33,893,810 shares issued and outstanding at September 30, 2024) | — | — |
| Additional paid-in capital | 57,159 | 25,114 |
| Retained earnings | 13,697 | 4,805 |
| Accumulated other comprehensive income | 82 | 500 |
| Total stockholders' equity attributable to TWFG, Inc. /members’ equity | 71,086 | 31,051 |
| Noncontrolling interests | 197,048 | — |
| Total stockholders'/members' equity | 268,134 | 31,051 |
| Total liabilities and equity | $313,093 | $115,437 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.