Twfg (TWFG) Q3 FY2026 earnings: revenue $80 million, up 24.6% on the year
Twfg, Inc. (TWFG) reported revenue of $80 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier. Net income was $1 million, down 31.9% on the year, and diluted earnings per share $0.09. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$80 million
+24.6% on the year · -8.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
11.3%
14.1% a year earlier
Q4 FY2024Q3 FY2026
Net income
$1 million
-31.9% on the year · -50.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.09
-18.2% on the year · -50.0% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 narrowed, 1 kept.
Written premium rose 18.5%: Total written premium was $554.2 million, against $467.7 million in the prior-year quarter. Agency-in-a-Box, Corporate Branches and TWFG MGA each contributed to the increase.
Revenue grew faster than premium: Total revenues rose $15.8 million, or 24.6%, to $79.9 million, led by commission income up 25.9% to $73.4 million.
Organic revenue up 16.6%: Organic revenue was $68.7 million, up $9.8 million against the adjusted prior-year base of $58.9 million. Management cited renewal and new business growth across all offerings.
$ million except per share. Read moreFree 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.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
10.6
9.8
15.0
+7.7%
-29.3%
Capital expenditure
0.2
0.5
0.1
-67.5%
+137.7%
Free cash flow
10.4
9.3
14.9
+11.8%
-30.0%
Free cash flow margin
13.0%
10.6%
23.2%
Cash from investing
-2.4
-25.0
-17.0
Cash from financing
-5.3
-35.7
-6.4
Depreciation and amortisation
7.5
7.1
5.3
+6.1%
+40.7%
Share-based compensation
0.7
1.2
1.0
-41.5%
-30.9%
Buybacks
0.0
26.3
0.0
Diluted shares, weighted
13m
13m
15m
-0.8%
-13.9%
Shares outstanding at period end
54m
54m
56m
+0.1%
-3.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
47.4
46.2
79.4
+2.8%
-40.2%
Non-controlling interest
220
218
205
+1.1%
+7.4%
Redeemable equity
25.6
23.2
11.4
+10.5%
+124.2%
Short-term borrowings
n/a
n/a
2.0
Debt
2.5
3.0
5.8
-16.3%
-56.0%
Operating lease liabilities
3.2
3.4
3.1
-4.8%
+2.9%
Other liabilities
61.2
64.9
42.6
-5.7%
+43.8%
Total liabilities and equity
360
358
349
+0.5%
+3.2%
Fixed assets
3.8
3.8
3.2
-0.1%
+18.5%
Intangible assets
175
179
129
-2.3%
+35.0%
Cash and equivalents
77.8
73.7
151
+5.6%
-48.4%
Receivables
14.1
14.2
8.2
-0.9%
+72.7%
Other assets
89.8
87.8
57.4
+2.2%
+56.3%
Total assets
360
358
349
+0.5%
+3.2%
Questions
What was Twfg's revenue in Q3 FY2026?
Twfg (TWFG) reported revenue of $80 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier.
How much did Twfg earn in Q3 FY2026?
Net income for Q3 FY2026 was $1 million, down 31.9% on the year, and diluted earnings per share $0.09.
When did Twfg report Q3 FY2026 results?
Twfg filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* 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-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.