Twfg (TWFG) Operating Expenses (2023 - 2026)
Twfg (TWFG) posted quarterly 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 reported Operating Expenses for 4 consecutive years, with $60.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 25.78% year-over-year to $60.5 million; the TTM figure through Mar 2026 stood at $223.9 million (up 20.98% YoY), while the FY2025 annual figure was $211.5 million, up 20.3% from the prior year.
- Operating Expenses improved to $60.5 million in Q1 2026 per TWFG's latest filing, from $55.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $60.5 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2024 — Operating Expenses gained 29.98% — and 2025, when it grew 16.39%.
- Twfg's Operating Expenses stood at $34.3 million in 2023, then rose by 29.98% to $44.6 million in 2024, then advanced by 24.19% to $55.4 million in 2025, then advanced 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Twfg | 369.61 Mn | 276.86 Mn | - | 69.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 69.92 Mn |
| 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 |