Twfg (TWFG) Operating Expenses (2023 - 2026)
Twfg's (TWFG) quarterly Operating Expenses came in at $60.5 million in Q1 2026, up 25.78% year-on-year from $48.1 million in Q1 2025, and up 9.19% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses rose 25.78% year-over-year to $60.5 million in Q1 2026; TTM through Mar 2026 was $223.9 million, a 20.98% increase from a year earlier, with the FY2025 full-year figure at $211.5 million, up 20.3% from the prior year.
- Operating Expenses for Q1 2026 stood at $60.5 million, up from $55.4 million in the prior quarter.
- Over the last five years, Operating Expenses for TWFG reached as high as $60.5 million in Q1 2026 and fell as low as $34.3 million in Q4 2023.
- Historically, Operating Expenses has averaged $46.7 million across 4 years, with a median of $46.2 million in 2024.
- Across the five-year window, Operating Expenses increased 29.98% in 2024 and advanced 16.39% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $34.3 million in 2023, then advanced by 29.98% to $44.6 million in 2024, then grew by 24.19% to $55.4 million in 2025, then grew by 9.19% to $60.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 84.27 Bn | 72.32 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 643.00 Mn |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 1.37 Bn |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 24.35 Mn |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 271.30 Mn |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | 633.50 Mn |
| 10 | Twfg | 382.73 Mn | 454.93 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 |