TWFG
TWFG, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Last price
28.96
▲ 0.52 (1.83%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
28.37
Prev close
28.44
Day high
29.14
Day low
28.34
Volume
112.16K
Market cap
$373.01M
P/E (TTM)
48.27
52W range
16.56 – 29.99
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.88M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 5, 26 | DOAK J MICHAEL Director |
BUY | 7.87K | $152.97K | Indirect |
| Jun 4, 26 | DOAK J MICHAEL Director |
BUY | 33.99K | $638.14K | Indirect |
| Jun 2, 26 | DOAK J MICHAEL Director |
BUY | 33.00K | $636.57K | Indirect |
| May 29, 26 | DOAK J MICHAEL Director |
BUY | 22.33K | $421.37K | Indirect |
| May 27, 26 | DOAK J MICHAEL Director |
BUY | 46.88K | $882.59K | Indirect |
| May 21, 26 | DOAK J MICHAEL Director |
BUY | 33.28K | $620.65K | Indirect |
| Mar 31, 26 | NOLAN KATHERINE C Chief Operating Officer |
STOCK | 12.50K | $0 | Direct |
| Mar 31, 26 | FERRACONE ROBIN A Director |
STOCK | 4.00K | $0 | Direct |
| Mar 31, 26 | DOAK J MICHAEL Director |
STOCK | 4.00K | $0 | Direct |
| Mar 31, 26 | WONG JANET S Director |
STOCK | 4.00K | $0 | Direct |
| Mar 31, 26 | PADGETT EUGENE Officer |
STOCK | 3.25K | $0 | Direct |
| Mar 31, 26 | ZWINGGI JANICE E. Chief Financial Officer |
STOCK | 12.50K | $0 | Direct |
| Mar 31, 26 | BENES JULIE E. General Counsel |
STOCK | 5.00K | $0 | Direct |
| Mar 31, 26 | BUNCH CHARLES ALEXANDER Officer |
STOCK | 5.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANDERSON JONATHAN JAMES |
Director | 10.12K | Stock Award(Grant) |
BENES JULIE E. |
General Counsel | 43.63K | Stock Award(Grant) |
BUNCH CHARLES ALEXANDER |
Officer | 42.76K | Stock Award(Grant) |
BUNCH MICHELLE CAROLINE |
Director | — | Stock Award(Grant) |
BUNCH RICHARD F. III |
Chief Executive Officer | — | Stock Award(Grant) |
DOAK J MICHAEL |
Director | — | Purchase |
FERRACONE ROBIN A |
Director | 26.12K | Stock Award(Grant) |
NOLAN KATHERINE C |
Chief Operating Officer | 93.61K | Stock Award(Grant) |
WONG JANET S |
Director | 12.62K | Stock Award(Grant) |
ZWINGGI JANICE E. |
Chief Financial Officer | 65.02K | Stock Award(Grant) |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+8.18%
+9.5%
1M
+11.94%
+8.2%
3M
+53.15%
+50.0%
6M
+65.30%
+54.2%
YTD
+0.66%
-11.6%
1Y
+3.32%
-16.7%
3Y
—
-74.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$373.01M
Enterprise value$548.61M
Revenue (TTM)$294.73M
Gross profit$253.10M
EBITDA$77.44M
Net income$8.80M
EPS (TTM)$0.60
Free cash flow$-32.68M
Total cash$73.75M
Total debt$8.46M
Book value / share$3.61
Shares outstanding12.88M
Float11.20M
Short % of float6.82%
Dividend yield—
Beta (5Y)0.15
Short interest
Shares short
540.00K
Prior 462.06K
Change vs prior
+16.9%
Shorts adding
% of float
6.82%
Normal
% of shares out
1.00%
Against total outstanding
Days to cover
4.2
Liquid
Float
11.20M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E48.27
Forward P/E25.02
PEG ratio—
Price / sales—
Price / book8.03
EV / revenue1.86
EV / EBITDA7.09
Gross margin85.88%
Operating margin20.10%
Profit margin2.98%
Return on equity19.32%
Return on assets9.60%
Debt / equity2.95
Current ratio2.56
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $233.96M | $193.72M | $166.99M | $147.78M | +20.8% |
| Operating revenue | $233.96M | $193.72M | $166.99M | $147.78M | +20.8% |
| Cost of revenue | $171.15M | $147.15M | $130.82M | $117.15M | +16.3% |
| Gross profit | $62.81M | $46.57M | $36.17M | $30.63M | +34.9% |
| Selling, general & admin | $22.02M | $16.66M | $10.97M | $9.71M | +32.1% |
| Total operating expense | $38.93M | $27.37M | $14.87M | $11.54M | +42.3% |
| Operating income | $23.87M | $19.20M | $21.31M | $19.10M | +24.3% |
| Net interest income | $6.32M | $2.15M | -$112.00K | -$352.00K | +193.5% |
| Pre-tax income | $44.45M | $30.09M | $25.26M | $23.35M | +47.7% |
| Tax provision | $3.28M | $1.50M | $0 | $0 | +119.3% |
| Net income | $7.96M | $2.75M | $0 | $0 | +190.1% |
| Net income to common | $7.96M | $2.75M | $0 | $0 | +190.1% |
| Basic EPS | 0.53 | 0.19 | 0.00 | 0.00 | +178.9% |
| Diluted EPS | 0.53 | 0.19 | 0.00 | 0.00 | +178.9% |
| EBIT | $44.73M | $32.31M | $26.27M | $23.75M | +38.4% |
| EBITDA | $63.09M | $44.33M | $31.13M | $27.05M | +42.3% |
| Basic shares | 14.91M | 14.77M | 13.16M | 13.16M | +1.0% |
| Diluted shares | 15.10M | 14.98M | 13.16M | 13.16M | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $155.93M | $195.77M | $39.30M | $22.33M | -20.4% |
| Cash & short-term investments | $155.93M | $195.77M | $39.30M | $22.33M | -20.4% |
| Accounts receivable | $44.79M | $34.91M | $25.06M | $20.64M | +28.3% |
| Total current assets | $225.52M | $241.85M | $75.11M | $88.72M | -6.8% |
| Property, plant & equipment | $7.50M | $7.99M | $3.06M | $2.92M | -6.2% |
| Goodwill & intangibles | $138.63M | $72.98M | $36.44M | $21.36M | +90.0% |
| Total assets | $372.33M | $323.43M | $115.44M | $114.15M | +15.1% |
| Total current liabilities | $44.08M | $39.62M | $34.91M | $46.33M | +11.3% |
| Current debt | $1.97M | $1.91M | $2.44M | $2.64M | +3.1% |
| Long-term debt | $2.04M | $4.01M | $46.92M | $8.36M | -49.2% |
| Total debt | $8.22M | $10.30M | $51.76M | $13.31M | -20.2% |
| Total liabilities | $55.69M | $48.14M | $84.39M | $56.37M | +15.7% |
| Retained earnings | $23.25M | $15.29M | $4.80M | $32.18M | +52.1% |
| Shareholder equity | $83.38M | $73.88M | $31.05M | $57.79M | +12.9% |
| Working capital | $181.43M | $202.23M | $40.20M | $42.38M | -10.3% |
| Net tangible assets | -$55.25M | $906.00K | -$5.38M | $36.43M | -6,198.2% |
| Shares issued | 15.03M | 14.81M | 13.16M | 13.16M | +1.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $41.17M | $28.59M | $25.26M | $23.35M | +44.0% |
| Depreciation & amortisation | $18.35M | $12.02M | $4.86M | $3.30M | +52.7% |
| Stock-based compensation | $4.58M | $2.22M | $0 | $0 | +106.3% |
| Change in working capital | -$10.82M | -$3.40M | -$1.44M | -$4.24M | -218.1% |
| Operating cash flow | $53.50M | $40.48M | $30.15M | $25.75M | +32.2% |
| Capital expenditure | -$62.27M | -$25.05M | -$15.65M | -$12.28M | -148.5% |
| Investing cash flow | -$70.38M | -$25.05M | -$14.65M | -$14.50M | -180.9% |
| Dividends paid | -$15.86M | -$9.31M | -$33.41M | -$20.56M | -70.4% |
| Financing cash flow | -$20.55M | $143.43M | -$9.70M | -$15.26M | -114.3% |
| Free cash flow | -$8.77M | $15.42M | $14.51M | $13.48M | -156.8% |
| End cash position | $167.90M | $205.32M | $46.47M | $40.66M | -18.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $84.81M | $70.40M | $62.54M | $61.74M | $57.89M | +20.5% |
| Operating revenue | $84.81M | $70.40M | $62.54M | $61.74M | $57.89M | +20.5% |
| Cost of revenue | $54.27M | $46.93M | $42.93M | $44.57M | $43.64M | +15.6% |
| Gross profit | $30.54M | $23.47M | $19.61M | $17.17M | $14.25M | +30.1% |
| Selling, general & admin | $8.59M | $7.39M | $6.70M | $5.19M | $5.40M | +16.2% |
| Total operating expense | $15.12M | $13.05M | $12.07M | $10.23M | $8.92M | +15.8% |
| Operating income | $15.42M | $10.42M | $7.54M | $6.94M | $5.33M | +48.0% |
| Net interest income | $702.00K | $1.15M | $1.35M | $1.50M | $1.68M | -39.1% |
| Pre-tax income | $18.28M | $14.21M | $16.72M | $10.60M | $9.62M | +28.6% |
| Tax provision | $1.03M | $1.13M | $1.03M | $977.00K | $620.00K | -9.0% |
| Net income | $2.37M | $1.76M | $2.95M | $1.72M | $1.96M | +34.9% |
| Net income to common | $2.37M | $1.76M | $2.95M | $1.72M | $1.96M | +34.9% |
| Basic EPS | 0.18 | 0.12 | 0.18 | 0.11 | 0.13 | +50.0% |
| Diluted EPS | 0.18 | 0.12 | 0.18 | 0.11 | 0.13 | +50.0% |
| EBIT | $18.34M | $14.27M | $16.79M | $10.67M | $9.69M | +28.5% |
| EBITDA | $25.40M | $20.44M | $22.55M | $15.99M | $13.59M | +24.3% |
| Basic shares | 13.10M | 14.79M | 15.02M | 15.01M | 14.90M | -11.5% |
| Diluted shares | 13.10M | 14.90M | 56.29M | 15.10M | 56.28M | -12.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $73.75M | $124.84M | $155.93M | $150.99M | $159.83M | -40.9% |
| Cash & short-term investments | $73.75M | $124.84M | $155.93M | $150.99M | $159.83M | -40.9% |
| Accounts receivable | $61.07M | $44.55M | $44.79M | $35.70M | $34.59M | +37.1% |
| Total current assets | $170.52M | $201.39M | $225.52M | $211.33M | $208.53M | -15.3% |
| Property, plant & equipment | $8.45M | $7.51M | $7.50M | $7.72M | $7.64M | +12.6% |
| Goodwill & intangibles | $178.74M | $161.61M | $138.63M | $129.39M | $125.90M | +10.6% |
| Total assets | $358.35M | $371.18M | $372.33M | $349.17M | $342.85M | -3.5% |
| Total current liabilities | $66.57M | $58.88M | $44.08M | $45.14M | $45.39M | +13.1% |
| Current debt | $2.00M | $1.99M | $1.97M | $1.96M | $1.94M | +0.8% |
| Long-term debt | $1.02M | $1.53M | $2.04M | $2.53M | $3.03M | -33.1% |
| Total debt | $7.64M | $7.56M | $8.22M | $9.02M | $9.33M | +1.1% |
| Total liabilities | $71.33M | $64.74M | $55.69M | $53.43M | $53.88M | +10.2% |
| Retained earnings | $27.38M | $25.01M | $23.25M | $20.30M | $18.58M | +9.5% |
| Shareholder equity | $46.15M | $69.18M | $83.38M | $79.36M | $78.67M | -33.3% |
| Working capital | $103.95M | $142.52M | $181.43M | $166.19M | $163.13M | -27.1% |
| Net tangible assets | -$132.59M | -$92.43M | -$55.25M | -$50.02M | -$47.23M | -43.5% |
| Shares issued | 13.00M | 14.18M | 15.03M | 15.01M | 14.90M | -8.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $17.25M | $13.08M | $15.69M | $9.62M | $9.00M | — | +31.9% |
| Depreciation & amortisation | $7.07M | $6.17M | $5.77M | $5.33M | $3.90M | — | +14.5% |
| Stock-based compensation | $1.17M | $856.00K | $872.00K | $987.00K | $1.51M | — | +36.2% |
| Change in working capital | -$16.08M | $2.95M | -$8.90M | -$1.28M | -$4.56M | — | -645.6% |
| Operating cash flow | $9.82M | $22.72M | $13.29M | $14.95M | $9.62M | — | -56.8% |
| Capital expenditure | -$24.99M | -$29.04M | -$7.90M | -$7.08M | -$36.12M | — | +13.9% |
| Investing cash flow | -$24.99M | -$28.34M | -$6.63M | -$17.04M | -$35.54M | — | +11.8% |
| Share buybacks | -$26.30M | -$16.56M | — | — | $0 | $0 | -58.8% |
| Dividends paid | -$11.24M | -$7.33M | -$12.00K | -$2.59M | -$11.24M | — | -53.4% |
| Financing cash flow | -$35.72M | -$18.63M | -$1.30M | -$6.37M | -$11.35M | — | -91.7% |
| Free cash flow | -$15.17M | -$6.32M | $5.39M | $7.87M | -$26.50M | — | -140.0% |
| End cash position | $92.75M | $143.65M | $167.90M | $162.54M | $171.00M | — | -35.4% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.25 | 0.38 | +51.4% |
| Mar 2026 | 0.20 | 0.29 | +43.9% |
| Dec 2025 | 0.19 | 0.30 | +58.3% |
| Sep 2025 | 0.19 | 0.23 | +24.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.25 | 7 | $77.21M | +20.4% |
| Next quarter | 0.23 | 7 | $73.63M | +7.0% |
| Current year | 1.14 | 6 | $312.38M | +26.4% |
| Next year | 1.16 | 8 | $359.72M | +15.2% |
Analyst targets & ownership
Mean target$30.14
High target$34.00
Low target$26.00
Implied upside4.08%
Analyst count7
ConsensusBUY
Strong buy / Buy3 / 3
Hold2
Sell / Strong sell0 / 0
Held by insiders14.58%
Held by institutions71.78%
Institutions holding102
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 19, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Aug 19, 26 | Morgan Stanley | UPGRADE | Equal-Weight | Overweight |
| Aug 12, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Aug 10, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 7, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 15, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jul 13, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jul 13, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 8, 26 | UBS | MAINTAINED | Buy | Buy |
| Jul 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 6, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jun 9, 26 | UBS | MAINTAINED | Buy | Buy |
Moving averages & technicals
SMA 10
27.32
+6.02% from price
SMA 20
27.48
+5.37% from price
SMA 50
25.56
+13.30% from price
SMA 100
22.29
+29.93% from price
SMA 200
23.36
+24.00% from price
EMA 12
27.55
+5.11% from price
EMA 26
26.94
+7.51% from price
EMA 50
25.60
+13.14% from price
RSI (14)
63.2
Neutral
MACD (12,26,9)
0.62
Hist -0.04
ATR (14)
1.21
4.18% of price
Realised vol 30D
41.1%
Annualised
Bollinger upper
29.13
20, 2σ
Bollinger lower
25.84
20, 2σ
50 / 200 cross
Golden
25.56 vs 23.36
Trend bias
Above 200
+24.00%
Risk profile
Beta vs SPY
-0.41
Less volatile than market
Correlation to SPY
-0.12
Largely independent
Realised vol 30D
41.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-42.1%
Peak to trough
Max drawdown 5Y
-52.7%
Peak to trough
ATR 14
1.21
4.18% of price
Beta (reported)
0.15
5Y monthly, from filing
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-13
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-24
Corporate Changes & Voting Matters
8-K · 2026-05-28
Periodic Financial Reports
10-Q · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-10
Headlines
Morgan Stanley Upgrades TWFG to Overweight From Equalweight, Adjusts PT to $30 From $26
MT Newswires · 4d ago
TWFG (TWFG), What Is Behind The Fresh Attention?
Simply Wall St. · 9d ago
TWFG Amends Credit Facility to $125 Million, Extends Maturity to 2031
MT Newswires · 9d ago
TWFG Expands Credit Facility to $125 Million, Enhancing Capacity for Continued Growth and Strategic Investments
GlobeNewswire · 9d ago
TWFG (TWFG) Q2 2026 Earnings Call Transcript
Motley Fool · 10d ago
UBS Adjusts TWFG Price Target to $34 From $30, Maintains Buy Rating
MT Newswires · 12d ago
TWFG Q2 Earnings Call Highlights
MarketBeat · 15d ago
RBC Capital Adjusts PT on TWFG to $34 From $30, Maintains Outperform Rating
MT Newswires · 15d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.