Twfg (TWFG) Q4 FY2024 earnings: revenue $50 million

Twfg, Inc. (TWFG) reported revenue of $50 million for Q4 FY2024, the quarter ended 31 December 2024. Net income was $8 million, and diluted earnings per share $0.11. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2025.

Revenue$50 million

Net income$8 million

Diluted EPS$0.11

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	49.7	52.9	n/a	n/a
Operating income	5.1	7.7	n/a	n/a
Operating margin	10.3%	14.7%	n/a
Interest expense	0.1	0.4	n/a	n/a
Pre-tax income	9.2	7.3	n/a	n/a
Income tax	1.1	0.4	n/a	n/a
Effective tax rate	11.5%	6.0%	n/a
Net income	8.2	1.2	n/a	n/a
Net margin	16.4%	2.2%	n/a
Diluted EPS	$0.11	$0.08	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	11.6	11.7	n/a	n/a
Capital expenditure	2.9	0.2	n/a	n/a
Free cash flow	8.7	11.5	n/a	n/a
Free cash flow margin	17.5%	21.7%	n/a
Cash from investing	-3.5	-0.4	n/a	n/a
Cash from financing	-3.7	153	n/a	n/a
Depreciation and amortisation	3.1	3.0	n/a	n/a
Share-based compensation	1.2	1.0	n/a	n/a
Diluted shares, weighted	n/a	15m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	73.9	71.1	n/a	n/a
Non-controlling interest	201	197	n/a	n/a
Redeemable equity	0.0	n/a	n/a	n/a
Short-term borrowings	1.9	1.9	n/a	n/a
Debt	7.6	7.8	n/a	n/a
Operating lease liabilities	3.4	1.4	n/a	n/a
Other liabilities	35.2	33.8	n/a	n/a
Total liabilities and equity	323	313	n/a	n/a
Fixed assets	3.5	0.7	n/a	n/a
Intangible assets	73.0	75.0	n/a	n/a
Cash and equivalents	196	191	n/a	n/a
Receivables	7.8	8.8	n/a	n/a
Other assets	43.3	37.4	n/a	n/a
Total assets	323	313	n/a	n/a

Questions

What was Twfg's revenue in Q4 FY2024?

Twfg (TWFG) reported revenue of $50 million for Q4 FY2024, the quarter ended 31 December 2024.

How much did Twfg earn in Q4 FY2024?

Net income for Q4 FY2024 was $8 million, and diluted earnings per share $0.11.

When did Twfg report Q4 FY2024 results?

Twfg filed its 10-K for the year that ended with the quarter on 27 March 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q2 FY2023	Q3 FY2023	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	45.4	47.7	46.1	53.0	52.9	49.7	53.8	60.3	64.1	70.3	72.8	87.5
Operating income	7.2	7.9	7.3	7.8	7.7	5.1	5.7	7.4	9.0	14.9	12.4	17.6
Operating margin	16%	17%	16%	15%	15%	10%	11%	12%	14%	21%	17%	20%
Interest expense	0.2	0.3	0.8	0.9	0.4	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Pre-tax income	n/a	7.6	6.6	6.9	7.3	9.2	7.5	9.6	10.6	16.7	14.2	18.3
Tax rate	n/a	0%	0%	0%	6%	11%	9%	6%	9%	6%	8%	6%
Net income	7.1	7.6	0.0	0.0	1.2	8.2	1.3	2.0	1.7	2.9	1.8	2.4
Net margin	16%	16%	0%	0%	2%	16%	2%	3%	3%	4%	2%	3%
Diluted EPS	$11.19	n/a	n/a	$10.49	$0.08	$0.11	$0.09	$0.13	$0.11	$0.20	$0.12	$0.18
Operating cash flow	n/a	7.4	9.8	7.4	11.7	11.6	15.6	9.6	15.0	13.3	22.7	9.8
Capital expenditure	n/a	0.2	0.0	0.0	0.2	2.9	0.0	0.0	0.1	0.2	0.3	0.5
Free cash flow	n/a	7.2	9.7	7.4	11.5	8.7	15.6	9.6	14.9	13.1	22.4	9.3
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	n/a	n/a	16.6	26.3
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2024, filed 27 March 2025: the filing.