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% on a QoQ basis from $55.4 million in Q4 2025.
Twfg (TWFG) has 4 years of Operating Expenses data on file, last reported at $60.5 million in Q1 2026.
- Quarterly Operating Expenses rose 25.78% year-over-year to $60.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $223.9 million (up 20.98% YoY) and the FY2025 annual result came in at $211.5 million, up 20.3% from the prior year.
- Operating Expenses advanced 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.
- The 4-year median for Operating Expenses is $46.2 million (2024), against an average of $46.7 million.
- The widest annual swing landed in 2024, when Operating Expenses increased 29.98%; it then advanced 16.39% in 2025.
- Tracing TWFG's Operating Expenses over 4 years: stood at $34.3 million in 2023, then climbed by 29.98% to $44.6 million in 2024, then increased by 24.19% to $55.4 million in 2025, then increased by 9.19% to $60.5 million in 2026.
- Per Business Quant, the three latest TWFG Operating Expenses figures stand at $60.5 million (Q1 2026), $55.4 million (Q4 2025), and $55.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 3.32 Bn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 3.72 Bn |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 1.96 Bn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 17.00 Mn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 271.30 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 22.68 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | 633.50 Mn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 78.08 Mn |
| 10 | Twfg | 279.02 Mn | 351.22 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 |