)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
TWFG (TWFG) investor relations material
TWFG Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Q3 2025 revenues rose 21.3% year-over-year to $64.1 million, driven by 10.2% organic growth and M&A contributions, with net income up 39% to $9.6 million and adjusted EBITDA up 44.7% to $17 million, expanding margin to 26.5%.
Completed key acquisitions, including Alabama Insurance Agency and a 50.1% interest in TWFG MGA FL, LLC, expanding retail and MGA operations.
IPO in July 2024 raised $192.9 million, strengthening liquidity and enabling debt repayment.
Added eight new retail locations, one corporate location, and 370 independent agents; post-quarter, 23 Alabama retail locations were added.
Focus remains on technology investment, accretive M&A, expanding distribution, and disciplined capital deployment.
Financial highlights
Q3 2025 total revenues: $64.1 million (up 21.3%); net income: $9.6 million (up 39%); adjusted EBITDA: $17 million (margin 26.5%).
Written premium increased 16.9% to $467.7 million; commission income up 20.8% to $58.3 million.
Adjusted net income rose 55.3% to $13 million (margin 20.2%).
Operating cash flow: $15 million; cash balance: $151 million; no revolver draws.
Salaries and benefits rose 19.2% to $9.9 million, reflecting headcount growth and acquisitions.
Outlook and guidance
Full-year 2025 guidance: revenues $240M-$245M, organic growth 11%-13%, adjusted EBITDA margin 24%-25%.
Momentum from acquisitions and recruiting supports confidence in year-end targets and continued double-digit organic growth and M&A in 2026.
Sufficient liquidity and $50 million undrawn revolver support growth initiatives.
What drove MGA's Q3 margin expansion?
What was the purpose of the $10M 'other investments'?
M&A focus on revenue vs. premium impact on guidance
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next TWFG earnings date
Q4 202520 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
TWFG Inc. operates an independent distribution platform offering a broad range of personal and commercial insurance products across the United States. These products include auto, home, renters, life, health, and other types of personal insurance, as well as various commercial lines like general liability, property, business auto, workers' compensation, and professional liability insurance. TWFG represents hundreds of insurance carriers, facilitating coverage for a wide array of risks. The company is headquartered in The Woodlands, Texas, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage