TWFG, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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.
Jun 30, 2026 · Filed Aug 6, 2026
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 Income for the
Condensed Consolidated Statements of Income
(Amounts in thousands, except share and per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | ||||
| Commission income (related party of $4,070 and $2,784 for the three months ended and $8,348 and $5,918 for the six months ended June 30, 2026 and 2025, respectively) | $80,643 | $54,562 | $147,694 | $103,347 |
| Contingent income (related party of $125 and $250 for the three and six months ended June 30, 2026 and none for the three and six months ended June 30, 2025, respectively) | 2,167 | 2,033 | 4,102 | 3,696 |
| Fee income (related party of $947 and $893 for the three months ended and $1,843 and $1,727 for the six months ended June 30, 2026 and 2025, respectively) | 4,165 | 3,329 | 7,513 | 6,340 |
| Other income | 536 | 384 | 1,043 | 748 |
| Total revenues | 87,511 | 60,308 | 160,352 | 114,131 |
| Expenses | ||||
| Commission expense | 42,491 | 34,151 | 79,521 | 65,965 |
| Salaries and employee benefits | 11,781 | 9,493 | 21,682 | 17,689 |
| Other administrative expenses (related party of $851 and $779 for the three months ended and $1,692 and $1,549 for the six months ended June 30, 2026 and 2025, respectively) | 8,587 | 5,400 | 15,977 | 10,124 |
| Depreciation and amortization | 7,065 | 3,901 | 13,234 | 7,260 |
| Total operating expenses | 69,924 | 52,945 | 130,414 | 101,038 |
| Operating income | 17,587 | 7,363 | 29,938 | 13,093 |
| Interest expense | (57) | (68) | (119) | (151) |
| Interest income | 759 | 1,751 | 1,973 | 3,614 |
| Other non-operating income (expense), net | (7) | 574 | 702 | 573 |
| Income before tax | 18,282 | 9,620 | 32,494 | 17,129 |
| Income tax expense | 1,031 | 620 | 2,164 | 1,276 |
| Net income | 17,251 | 9,000 | 30,330 | 15,853 |
| Less: net income attributable to noncontrolling interests | 14,880 | 7,043 | 26,202 | 12,558 |
| Net income attributable to TWFG, Inc. | $2,371 | $1,957 | $4,128 | $3,295 |
| Weighted average shares of common stock outstanding (see Note 13): | ||||
| Basic | 13,096,390 | 14,904,083 | 14,001,518 | 14,896,951 |
| Diluted | 13,096,390 | 56,278,869 | 14,001,518 | 15,083,695 |
| Earnings per share (see Note 13): | ||||
| Basic | $0.18 | $0.13 | $0.29 | $0.22 |
| Diluted | $0.18 | $0.13 | $0.29 | $0.22 |
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