TWFG, Inc.
TWFGNasdaqFinancials · Insurance Agents, Brokers & Service · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $248.5M | $203.8M | $172.0M | $153.9M |
| Operating income | $37.0M | $27.9M | $25.4M | $23.7M |
| Net income | $6.9M | $2.7M | $0 | $0 |
| Total assets | $372.3M | $323.4M | $115.4M | — |
| Total liabilities | $55.7M | $48.1M | $84.4M | — |
| Equity | $83.4M | $73.9M | $31.1M | — |
| EPS (diluted) | $0.53 | $0.19 | — | — |
| Shares out. | 15.1M | 15.0M | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 14.9%
- Net margin
- 2.8%
- Return on equity
- 8.2%
- Return on assets
- 1.8%
- Return on capital (ROCE)
- 11.3%
- Liabilities / assets
- 15.0%
- Debt / equity
- 0.67×
- Book value / share
- $5.52
- Revenue growth (YoY)
- 22.0%
- Net income growth (YoY)
- 149.7%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 5.64safe
- Accruals / assets
- −12.5%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 6 good- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Alliancebernstein L.P.Passive (13G)May 18, 2026
- T. Rowe Price Investment Management, Inc.Passive (13G)May 15, 2026
- Bamco Inc /Ny/Passive (13G)May 15, 2026
- Fmr LlcPassive (13G)May 6, 2026
- Capital International InvestorsPassive (13G)Feb 13, 2026
- Price T Rowe Associates Inc /Md/Passive (13G)May 14, 2025
- Tiaa Cref Investment Management LlcPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Doak MichaelDirector | May 28, 2026 | Buy | 11,000 | $18.87 |
| Doak MichaelDirector | May 22, 2026 | Buy | 11,000 | $18.89 |
| Doak MichaelDirector | May 20, 2026 | Buy | 15,745 | $18.79 |
| Bunch Richard F. IiiOfficer — President and CEO | Mar 31, 2026 | Grant | 27,500 | $0.00 |
| Bunch Michelle CarolineDirector | Mar 31, 2026 | Grant | 4,000 | $0.00 |
| Bunch Charles AlexanderOfficer — Chief Creative & Marketing Off | Mar 31, 2026 | Grant | 5,000 | $0.00 |
| Benes Julie E.Officer — General Counsel and Secretary | Mar 31, 2026 | Grant | 5,000 | $0.00 |
| Padgett GeneOfficer — Chief Accounting Officer | Mar 31, 2026 | Grant | 3,250 | $0.00 |
| Zwinggi Janice E.Officer — Chief Financial Officer | Mar 31, 2026 | Grant | 12,500 | $0.00 |
| Mcguire Andrew VincentOfficer — Chief Underwriting Officer | Mar 31, 2026 | Grant | 4,000 | $0.00 |
| Vijaya Gopal Mohan BabuOfficer — Chief Technology Officer | Mar 31, 2026 | Grant | 3,250 | $0.00 |
| Nolan Katherine COfficer — Chief Operating Officer | Mar 31, 2026 | Grant | 12,500 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 568,351 | 1.8 | +4.9% |
| Apr 30, 2026 | 541,943 | 2.3 | -10.7% |
| Apr 15, 2026 | 607,047 | 2.2 | -0.5% |
| Mar 31, 2026 | 610,181 | 2.0 | +18.3% |
| Mar 13, 2026 | 515,767 | 1.9 | +7.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 28, 2026
- Results of operationsMay 7, 2026
- Results of operations · Other material eventFeb 25, 2026
- Results of operations · Director / officer changeNov 12, 2025
- Results of operationsAug 12, 2025
- Shareholder voteMay 28, 2025
- Results of operationsMay 13, 2025
- Regulation FD disclosureMay 2, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 29, 2026
- 8-KMay 28, 2026
- 4FORM 4May 27, 2026
- 4FORM 4May 22, 2026
- SCHEDULE 13G/AMay 18, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- 10-QMay 8, 2026
- 8-KMay 7, 2026
- SCHEDULE 13G/AMay 6, 2026
- ARSApr 10, 2026
- DEFA14AApr 10, 2026
- DEF 14AApr 10, 2026
- 4FORM 4Apr 2, 2026
- 4FORM 4Apr 2, 2026
Event-driven situations (1)
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