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
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