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
DateValue
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