Twfg (TWFG) Operating Expenses (2023 - 2026)
Twfg (TWFG) reported Operating Expenses of $60.5 million for Q1 2026, up 25.78% year-over-year from $48.1 million in Q1 2025, and up 9.19% quarter-over-quarter from $55.4 million in Q4 2025.
Twfg (TWFG) Operating Expenses (2023 - 2026) Analysis & Trends
Twfg (TWFG) has 4 years of Operating Expenses data on file, last reported at $60.5 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $60.5 million, up 25.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $223.9 million (up 20.98% YoY), and the FY2025 annual result was $211.5 million, up 20.3% from the prior year.
- Operating Expenses grew to $60.5 million in Q1 2026 per TWFG's latest filing, from $55.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $60.5 million in Q1 2026 and troughed at $34.3 million in Q4 2023.
- A 4-year average of $46.7 million and a median of $46.2 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses gained 29.98% in 2024, then grew 16.39% in 2025.
- A 4-year view of Operating Expenses shows it stood at $34.3 million in 2023, then increased by 29.98% to $44.6 million in 2024, then gained by 24.19% to $55.4 million in 2025, then gained by 9.19% to $60.5 million in 2026.
- Business Quant data shows TWFG's Operating Expenses at $60.5 million in Q1 2026, $55.4 million in Q4 2025, and $55.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 5.84 Bn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 3.72 Bn |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 17.00 Mn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 24.35 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 271.30 Mn |
| 10 | Twfg | 308.46 Mn | 380.66 Mn | - | 60.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.49 Mn |
| Dec 31, 2025 | 55.40 Mn |
| Sep 30, 2025 | 55.09 Mn |
| Jun 30, 2025 | 52.95 Mn |
| Mar 31, 2025 | 48.09 Mn |
| Dec 31, 2024 | 44.61 Mn |
| Sep 30, 2024 | 46.90 Mn |
| Jun 30, 2024 | 45.49 Mn |
| Mar 31, 2024 | 38.84 Mn |
| Dec 31, 2023 | 34.32 Mn |
| Sep 30, 2023 | 39.81 Mn |
| Jun 30, 2023 | 38.14 Mn |