Growth Metrics

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 🔒
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