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DEBT AND DEFERRED ACQUISITION PAYABLES - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)	Jun. 30, 2024 USD ($)	Jun. 20, 2024
Debt Instrument [Line Items]
Interest expense	$ 0.1	$ 0.1
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50.0		$ 50.0
Consolidate leverage ratio, minimum				2.00
Consolidate leverage ratio, maximum				2.50

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Organization TWFG, Inc. (“TWFG” or the “Company”) was incorporated as a Delaware corporation on January 8, 2024 for the purpose of facilitating an initial public offering (“IPO”). TWFG is a holding company with its principal asset being a controlling ownership in TWFG Holding Company, LLC (“TWFG Holding”) and its consolidated subsidiaries. All of TWFG’s business is conducted through TWFG Holding and its consolidated subsidiaries, and the financial results of TWFG Holding and its consolidated subsidiaries are included in the Condensed Consolidated Financial Statements of TWFG. TWFG is a leading, high-growth, independent distribution platform for personal and commercial insurance in the United States. TWFG and its subsidiaries operate through one reportable segment, which is discussed in more detail in Note 15 Segment. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its consolidated subsidiaries are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The interim financial information is unaudited but reflects all normal adjustments that are necessary to provide a fair statement of results for the interim periods presented. Accordingly, these Condensed Consolidated Financial Statements should be read in conjunction with the Company’s audited Consolidated Financial Statements and the notes thereto for the year ended December 31, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 10, 2026 (the “Annual Report”). The Condensed Consolidated Balance Sheet as of December 31, 2025 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Use of Estimates The preparation of the Condensed Consolidated Financial Statements and notes thereto requires management to make estimates, judgments, and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and in the notes thereto. Such estimates and assumptions could change in the future as circumstances change or more information becomes available, which could affect the amounts reported and disclosed herein.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Cash Flows from Operating Activities
Net income	$ 13,079	$ 6,853
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization	6,169	3,359
Net gain on sales of intangible assets and property and equipment	(700)	0
Stock-based compensation expense	856	1,204
Non-cash lease expense	379	305
Other non-cash items	(11)	3
Change in:
Commissions receivable, net	831	3,491
Accounts receivable	(585)	(215)
Other current and non-current assets	(367)	127
Commissions payable	3,673	2,455
Operating lease liabilities	(409)	(260)
Other current liabilities	(196)	(1,677)
Net cash provided by operating activities	22,719	15,645
Cash Flows from Investing Activities
Proceeds from sale of books of business	700	0
Purchase of intangible assets	(28,748)	(11,151)
Purchase of property and equipment	(292)	(15)
Net cash used in investing activities	(28,340)	(11,166)
Cash Flows from Financing Activities
Repayment of borrowings	(488)	(473)
Distributions to members	(7,326)	(2,024)
Repurchase of Class A common stock	(16,557)	0
Tax withholding on vesting of equity awards	(86)	(1,195)
Increase in carrier liabilities	6,921	3,456
Decrease in carrier liabilities	(591)	(1,138)
Payment of deferred acquisition payable	(506)	(151)
Net cash used in financing activities	(18,633)	(1,525)
Net change in cash, cash equivalents and restricted cash	(24,254)	2,954
Cash, cash equivalents and restricted cash-beginning balance	167,900	205,323	$ 205,323
Cash, cash equivalents and restricted cash-ending balance	143,646	208,277	167,900
Reconciliation of cash, cash equivalents and restricted cash, end of period:
Cash and cash equivalents	124,845	196,424	$ 155,926
Restricted cash	18,801	11,853
Cash, cash equivalents and restricted cash, end of period	143,646	208,277
Net change in cash and cash equivalents	(31,081)	652
Net change in restricted cash	6,827	2,302
Net change in cash, cash equivalents and restricted cash	(24,254)	2,954
Supplemental disclosures of cash flow information:
Cash paid for interest	38	83
Cash paid for taxes	152	0
Non-cash investing activities:
Additions to intangible assets and offsetting additions to deferred acquisition payable	258	1,356
Repurchase of Class A common stock and offsetting additions to other liabilities	$ 166	$ 0

SEGMENT - Narrative (Details)	3 Months Ended
SEGMENT - Narrative (Details)	Mar. 31, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments	1

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Level 1
Assets:
Interests rate swap	$ 0	$ 0
Total assets measured at fair value	0	0
Liabilities:
Contingent considerations	0	0
Total liabilities measured at fair value	0	0
Level 2
Assets:
Interests rate swap	99	116
Total assets measured at fair value	99	116
Liabilities:
Contingent considerations	0	0
Total liabilities measured at fair value	0	0
Level 3
Assets:
Interests rate swap	0	0
Total assets measured at fair value	0	0
Liabilities:
Contingent considerations	6,954	7,052
Total liabilities measured at fair value	$ 6,954	$ 7,052

DEBT AND DEFERRED ACQUISITION PAYABLES

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

DEBT AND DEFERRED ACQUISITION PAYABLES

The following is a summary of the Company’s outstanding Debt and Deferred Acquisition Payables (in thousands):


	March 31, 2026		December 31, 2025
Bank Debt:
Term Loan
7-year term loan, periodic interest and monthly principal payments, Daily Simple SOFR + 0.11448% SOFR adjustment, matures December 6, 2027	$	3,519	$	4,007
Total bank debt	3,519		4,007
Less: current bank debt	(1,987)		(1,972)
Total long-term bank debt	$	1,532	$	2,035

Deferred Acquisition Payables(1):
Acquisition notes payables	$	973	$	1,122
Contingent considerations	6,954		7,052
Total Deferred Acquisition Payables	7,927		8,174
Less: current acquisition notes payables	(591)		(593)
Less: current contingent considerations	(5,814)		(912)
Total long-term Deferred Acquisition Payables(2)	$	1,522	$	6,669
Less: long-term contingent considerations	(1,140)		(6,140)
Total long-term Deferred Acquisition Payables-notes	$	382	$	529

(1)See Note 4 Intangibles, Acquisitions, and Disposals and Note 7 Fair Value Measurements.

(2)Total long-term Deferred Acquisition Payables consist of long-term acquisition notes and long-term contingent considerations.

Future maturities of the Company’s total outstanding bank debt and Deferred Acquisition Payables-notes as of March 31, 2026 were as follows (in thousands):


Remainder of 2026	$	2,096
2027	2,129
2028	147
2029	120
2030	—
Thereafter	—
Total	$	4,492

For the three months ended March 31, 2026 and 2025, the Company incurred interest expense of $0.1 million and $0.1 million, respectively.

Term Loans

There were no material changes to the terms of the Company’s term loan or related interest rate swap agreements during the three months ended March 31, 2026. See Note 8 to the Consolidated Financial Statements in the

Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for a complete description of these arrangements.

Revolving Credit Agreement

There were no material changes to the Revolving Credit Agreement (the “Revolving Credit Agreement”) with PNC Bank National Association, dated as of May 23, 2023 and as amended on June 20, 2024 which provides a revolving credit facility to the Company, with commitments in an aggregate principal amount not to exceed $50.0 million, which was amended as of June 20, 2024 (as so amended, the “Revolving Facility”) or the related financial covenants during the three months ended March 31, 2026. As of March 31, 2026, the Revolving Facility had an unutilized capacity of $50.0 million and the Company was in compliance with all financial covenants. See Note 8 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for a complete description of the Revolving Credit Agreement.

Each of the Revolving Facility and the term loans requires the Company to maintain a consolidated leverage ratio of no greater than 2.00 to 1.00 (or, after the occurrence of certain acquisitions, 2.50 to 1.00). As of March 31, 2026 and December 31, 2025, the Company was in compliance with these covenants. The carrying amount of the Company’s variable rate debt as of March 31, 2026 and December 31, 2025 approximates fair value due to the short-term reset of the interest rate based on SOFR and the absence of a credit spread.

Deferred Acquisition Payables-Notes

The Company’s deferred acquisition payables — notes represent seller notes issued in connection with acquisitions of customer list intangible assets in April 2023, March 2024, and October 2024. There were no material changes to the terms of these notes during the three months ended March 31, 2026. See Note 8 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for a complete description of each note’s terms, interest rates, and repayment schedules.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DEBT AND DEFERRED ACQUISITION PAYABLES (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of the Company’s outstanding Debt and Deferred Acquisition Payables (in thousands):


	March 31, 2026		December 31, 2025
Bank Debt:
Term Loan
7-year term loan, periodic interest and monthly principal payments, Daily Simple SOFR + 0.11448% SOFR adjustment, matures December 6, 2027	$	3,519	$	4,007
Total bank debt	3,519		4,007
Less: current bank debt	(1,987)		(1,972)
Total long-term bank debt	$	1,532	$	2,035

Deferred Acquisition Payables(1):
Acquisition notes payables	$	973	$	1,122
Contingent considerations	6,954		7,052
Total Deferred Acquisition Payables	7,927		8,174
Less: current acquisition notes payables	(591)		(593)
Less: current contingent considerations	(5,814)		(912)
Total long-term Deferred Acquisition Payables(2)	$	1,522	$	6,669
Less: long-term contingent considerations	(1,140)		(6,140)
Total long-term Deferred Acquisition Payables-notes	$	382	$	529

(1)See Note 4 Intangibles, Acquisitions, and Disposals and Note 7 Fair Value Measurements.

(2)Total long-term Deferred Acquisition Payables consist of long-term acquisition notes and long-term contingent considerations.

Schedule of Maturities of Long-Term Debt

Future maturities of the Company’s total outstanding bank debt and Deferred Acquisition Payables-notes as of March 31, 2026 were as follows (in thousands):


Remainder of 2026	$	2,096
2027	2,129
2028	147
2029	120
2030	—
Thereafter	—
Total	$	4,492

INTANGIBLES, ACQUISITIONS, AND DISPOSALS - Schedule of Future Amortization For Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Finite-Lived Intangible Assets [Line Items]
Net carrying amount, end of period	$ 161,610	$ 138,632
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Remainder of 2026	15,280
2027	20,327
2028	20,297
2029	20,212
2030	19,822
Thereafter	37,672
Net carrying amount, end of period	133,610	109,519
Computer Software
Finite-Lived Intangible Assets [Line Items]
Remainder of 2026	535
2027	625
2028	438
2029	248
2030	129
Thereafter	9
Net carrying amount, end of period	1,984	1,852
Customer Relationship
Finite-Lived Intangible Assets [Line Items]
Remainder of 2026	3,736
2027	4,981
2028	4,981
2029	4,981
2030	4,981
Thereafter	2,356
Net carrying amount, end of period	$ 26,016	$ 27,261

SEGMENT (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides a summary of the segment revenue, segment profit or loss, and significant segment expenses (in thousands):


	Three Months Ended March 31,
	2026		2025
Total revenues	$	72,841	$	53,823
Less:
Commission expense	37,030		31,814
Salaries and employee benefits	9,901		8,196
Technology expense	1,807		1,418
Consultant and other professional fees	1,326		805
Depreciation and amortization	6,169		3,359
Other segment items (1)	4,257		2,502
Interest expense	62		83
Interest income	(1,214)		(1,863)
Income tax expense	1,133		656
Other non-operating (income) expense, net	(709)		—
Segment and consolidated net income	$	13,079	$	6,853

(1) Other segment items included in segment net income include marketing expenses, survey expenses, office expenses, and certain administrative expenses.

REVENUES - Schedule of Changes in Allowance for Expected Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning of period	$ 888	$ 415
Write-offs	0	0
Increase in provision	327	473
Decrease in provision	0	0
End of period	$ 1,215	$ 888

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

REVENUES - Schedule of Disaggregation of Revenues by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total revenues	$ 72,841	$ 53,823
Commission income
Disaggregation of Revenue [Line Items]
Total revenues	67,051	48,785
Contingent income
Disaggregation of Revenue [Line Items]
Total revenues	1,935	1,663
Fee income
Disaggregation of Revenue [Line Items]
Total revenues	3,348	3,011
Policy fees
Disaggregation of Revenue [Line Items]
Total revenues	1,403	1,051
Branch fees
Disaggregation of Revenue [Line Items]
Total revenues	1,321	1,256
License fees
Disaggregation of Revenue [Line Items]
Total revenues	529	608
TPA fees
Disaggregation of Revenue [Line Items]
Total revenues	95	96
Other income
Disaggregation of Revenue [Line Items]
Total revenues	$ 507	$ 364

ORGANIZATION AND BASIS OF PRESENTATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2026 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2026
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no material changes in the Company’s significant accounting policies from those that were disclosed for the year ended December 31, 2025 in the Annual Report. Recent Accounting Pronouncements Not Yet Adopted Disaggregation of Income Statement Expense On November 4, 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Disaggregation of Income Statement Expense (DISE), that requires an entity to disclose in the footnote a tabular format that disaggregates relevant expense captions into the following natural expense categories: purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion. This guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application and early adoption is permitted. The Company is currently evaluating the impacts.

STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule Of Share Repurchase Program

As of March 31, 2026, the Company repurchased and retired 872,397 shares in the open market for a total cost of $16.7 million.


Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
March 6, 2026-March 31, 2026	872,397	$	18.96	872,397	$	33,277,312
Total	872,397			872,397

Schedule of Stock by Class

The following table summarizes the capitalization and voting rights of the Company’s classes of stock as of March 31, 2026:


	Authorized	Par Value		Issued & Outstanding	Votes per share	Economic Rights
Preferred stock	50,000,000	$	0.01	None

Common stock:
Class A(1)	300,000,000	$	0.01	14,177,064	1	Yes
Class B(1)	100,000,000	$	0.00001	7,277,651	1	No
Class C(2)	100,000,000	$	0.00001	33,893,810	10	No

(1) Each share of Class A Common Stock and non-economic Class B Common Stock entitles its holder to one vote per share on all matters submitted to a vote of the stockholders.

(2) Each share of non-economic Class C Common Stock entitles its holders to ten votes per share on all matters presented to the stockholders and on which the holders of the Class C Common Stock are entitled to vote; provided, that each share of Class C Common Stock will be entitled to one vote per share automatically (i) 12 months following the death or disability of Richard F. (“Gordy”) Bunch III or (ii) upon the first trading day on or after such date that the outstanding shares of non-economic Class C Common Stock represent less than 10% of the then-outstanding Class A Common Stock, non-economic Class B Common Stock and non-economic Class C Common Stock, which, in either instance, may be extended to 18 months upon affirmative approval of a majority of the independent directors.

Schedule of Ownership of TWFG

The following table summarizes the ownership of TWFG Holding as of March 31, 2026:


Owner	Units Owned	Ownership percentage
TWFG, Inc.	14,177,064	25.6	%
Noncontrolling interests	41,171,461	74.4	%
Total	55,348,525	100.0	%

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

INTANGIBLES, ACQUISITIONS, AND DISPOSALS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2025
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 29,006			$ 84,232
Payments to acquire intangible assets	$ 28,748		$ 11,151
Weighted average amortization period	7 years
Gain on disposal of assets	$ 700		$ 0
TWFG MGA FL, LLC
Finite-Lived Intangible Assets [Line Items]
Noncontrolling interests, percentage		49.90%
Asset Protection Insurance Associates
Finite-Lived Intangible Assets [Line Items]
Contingent considerations	7,000
Total purchase price	$ 22,500
Contingent consideration anniversary period	3 years
Other assets acquired in acquisition	$ 500
TWFG MGA FL, LLC
Finite-Lived Intangible Assets [Line Items]
Total purchase price		$ 9,700
Equity interest acquired		50.10%
Future contingent payment		$ 5,000
Acquisition of TWFG MGA FL, LLC		$ 14,700
Contingent consideration expected to be earned	5,000			5,000
AIH Sub
Finite-Lived Intangible Assets [Line Items]
Equity interest acquired		5.70%
Payments to acquire equity interest		$ 300
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 28,694			54,185
Weighted average amortization period	7 years 10 months 24 days
Gain on disposal of assets				1,100
Customer Lists \| Acquisitions Excluding APIA
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 6,700
Payments to acquire intangible assets	6,400
Contingent considerations	300
Customer Lists \| Asset Protection Insurance Associates
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 22,000
Weighted average amortization period	10 years
Computer Software
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 312			652
Payments to acquire intangible assets	$ 300
Weighted average amortization period	4 years 4 months 24 days
Customer Relationship
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 0			$ 29,395
Weighted average amortization period	5 years
Customer Relationship \| TWFG MGA FL, LLC
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired		$ 29,400
Weighted average amortization period		6 years

DEBT AND DEFERRED ACQUISITION PAYABLES - Schedule of Maturities of Bank Debt and Deferred Acquisition Notes Payable (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Debt Disclosure [Abstract]
Remainder of 2026	$ 2,096
2027	2,129
2028	147
2029	120
2030	0
Thereafter	0
Total	$ 4,492

OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Schedule of Other Current Liabilities

Other current liabilities consisted of the following as of the dates indicated (in thousands). There have been no material changes in the composition of other current liabilities from those disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.


	March 31, 2026		December 31, 2025
Accrued salaries and bonus expenses	$	1,565	$	2,529
Accrued professional fees	943		842
Accounts payable	1,530		1,571
Income tax payable	2,205		1,051
Other current liabilities	4,035		4,315
	$	10,278	$	10,308

EARNINGS PER SHARE - Schedule of Weighted Average Number of Shares (Details) - shares	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Class of Stock [Line Items]
Antidilutive securities excluded from the computation of earnings per share (in shares)	41,171,498	41,260,844
Class B Voting Stock
Class of Stock [Line Items]
Antidilutive securities excluded from the computation of earnings per share (in shares)	7,277,651	7,277,651
Class C Voting Stock
Class of Stock [Line Items]
Antidilutive securities excluded from the computation of earnings per share (in shares)	33,893,810	33,893,810
RSUs
Class of Stock [Line Items]
Antidilutive securities excluded from the computation of earnings per share (in shares)	37	51,160
PSUs
Class of Stock [Line Items]
Antidilutive securities excluded from the computation of earnings per share (in shares)	0	38,223

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to the quarter ended March 31, 2026, the Company completed acquisitions in support of its ongoing growth strategy. The Company has evaluated subsequent events through May 8, 2026, the issuance date and determined that no events have occurred that require disclosure other than the events listed above.

REVENUES - Schedule of Disaggregation of Revenues by Offerings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total revenues	$ 72,841	$ 53,823
Agency-in-a-Box
Disaggregation of Revenue [Line Items]
Total revenues	39,008	35,996
Corporate Branches
Disaggregation of Revenue [Line Items]
Total revenues	10,790	8,223
TWFG MGA
Disaggregation of Revenue [Line Items]
Total revenues	22,534	9,195
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 509	$ 409

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

SEGMENT - Schedule of the Segment Revenue, Profit or Loss, Significant Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting Information [Line Items]
Total revenues	$ 72,841	$ 53,823
Commission expense	37,030	31,814
Salaries and employee benefits	9,901	8,196
Depreciation and amortization	6,169	3,359
Interest expense	62	83
Interest income	1,214	1,863
Income tax expense	1,133	656
Other non-operating (income) expense, net	709	(1)
Reportable Segment
Segment Reporting Information [Line Items]
Total revenues	72,841	53,823
Commission expense	37,030	31,814
Salaries and employee benefits	9,901	8,196
Technology expense	1,807	1,418
Consultant and other professional fees	1,326	805
Depreciation and amortization	6,169	3,359
Other segment items	4,257	2,502
Interest expense	62	83
Interest income	(1,214)	(1,863)
Income tax expense	1,133	656
Other non-operating (income) expense, net	(709)	0
Segment and consolidated net income	$ 13,079	$ 6,853

FAIR VALUE MEASUREMENTS - Schedule of Changes in Fair Value of Liabilities Measured at Fair Value on a Recurring Basis Utilizing Level 3 Assumptions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($)
Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of contingent consideration-new issuances	$ 500
Settlement of contingent consideration	(389)
Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of contingent consideration-new issuances	500
Settlement of contingent consideration	(389)
Contingent Consideration Liabilities \| Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2025	7,052
Change in fair value of contingent consideration	(209)
Balance at March 31, 2026	6,954
Contingent Consideration Liabilities \| Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2025	6,822
Change in fair value of contingent consideration	(209)
Balance at March 31, 2026	6,724
Contingent Consideration Liabilities, Current \| Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at March 31, 2026	5,814
Contingent Consideration Liabilities, Current \| Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at March 31, 2026	5,814
Contingent Consideration Liabilities, Non-Current \| Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at March 31, 2026	1,140
Contingent Consideration Liabilities, Non-Current \| Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at March 31, 2026	$ 1,096

STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

2024 Omnibus Incentive Plan

On July 17, 2024, the Company adopted the 2024 Incentive Plan for its directors, officers, employees, consultants and advisors. The 2024 Incentive Plan authorizes the granting of stock options, restricted stock, RSUs, stock appreciation rights, and other stock-based awards. The Company has reserved 4,346,667 shares of Class A Common Stock for issuance under the 2024 Incentive Plan, subject to annual increases pursuant to the terms of the 2024 Incentive Plan. During the three months ended March 31, 2026, the Company granted 101,400 RSUs and 73,000 performance stock units (“PSUs”) under the 2024 Incentive Plan, and 3,760,369 shares of Class A Common Stock remain available for future grant.

Stock-Based Compensation Expense

Stock-based compensation expense recorded in salaries and employee benefits for the three months ended March 31, 2026 and 2025 was $0.8 million and $1.2 million, respectively.

Stock-Based Awards

RSUs

The Company withholds and sells shares of Class A Common Stock associated with net settlements to cover tax withholding obligations upon the vesting of RSUs for certain employees under its 2024 Incentive Plan. During the three months ended March 31, 2026, 25,467 RSUs vested and the Company withheld 4,687 RSUs for $0.1 million, resulting in the net issuance of 20,780 shares of Class A Common Stock. The vesting of RSUs is shown net of this withholding on the Condensed Consolidated Statements of Changes in Redeemable Noncontrolling Interest and Stockholders’ Equity and Condensed Consolidated Statements of Cash Flows.

Stock-based awards granted in the period include RSUs with service-based vesting conditions. Outstanding RSUs and related activity for the three months ended March 31, 2026 were as follows:


	Number of Awards	Weighted-Average Grant Date Fair Value
Unvested balance-December 31, 2025	185,184	$	20.90
Granted	101,400	18.39
Vested	(25,467)	18.39
Forfeited	(647)	30.91
Unvested balance-March 31, 2026	260,470	$	18.92

PSUs

The Company has granted performance and service based awards to certain key employees, in the form of PSUs, which are earned based on the achievement of certain performance targets and continuous service. The PSUs are subject to a two-year measurement period during which the number of Class A Common Stock to be issued in settlement of the PSUs remains uncertain until the end of the measurement period and will cliff vest based on the level of achievement with respect to the applicable performance criteria. The PSUs are divided into two tranches: 50% Adjusted EBITDA PSUs and 50% Revenue PSUs. The Adjusted EBITDA PSUs performance vest based on the achievement of certain cumulative Adjusted EBITDA targets over the performance period. The Revenue PSUs performance vest based on the achievement of certain cumulative Organic Revenue targets over the performance period. In addition, the PSUs granted to certain employees are contingent generally upon the employee’s continuous service with the Company through the third anniversary of the grant date. Subsequent to such measurement period, the vesting of PSUs is subject to certification by the compensation committee of the Board.

If the vesting conditions of the PSUs are not met the awards will be forfeited. Outstanding PSUs and related activity for the three months ended March 31, 2026 were as follows:


	Number of Awards	Weighted-Average Grant Date Fair Value
Unvested balance-December 31, 2025	39,143	$	30.87
Granted	73,000	18.39
Vested	—	—
Forfeited	(647)	30.91
Unvested balance-March 31, 2026	111,496	$	22.68

Summary of Unamortized Compensation Expense

As of March 31, 2026, the Company estimated $5.4 million of unamortized compensation expense related to all non-vested stock-based compensation arrangements granted under the Company’s stock-based compensation plans, based upon current projections of grants measured against performance criteria. This unamortized compensation expense is expected to be recognized over a weighted-average period of 2.0 years.

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Payables and Accruals [Abstract]
Accrued salaries and bonus expenses	$ 1,565	$ 2,529
Accrued professional fees	943	842
Accounts payable	1,530	1,571
Income tax payable	2,205	1,051
Other current liabilities	4,035	4,315
Total	$ 10,278	$ 10,308

DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Millions	3 Months Ended
DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, requisite service period	3 months
Defined contribution plan, employer matching contribution, percent of match	100.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay	4.00%
Defined contribution plan, cost	$ 0.2	$ 0.2
Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, eligible compensation for deferral percent	1.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, eligible compensation for deferral percent	100.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Section 50
-Paragraph 5
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Section 50
-Paragraph 5
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section 50
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

+ Details

STOCKHOLDERS’ EQUITY - Schedule of Stock by Class (Details)	3 Months Ended
	Mar. 31, 2026 vote $ / shares shares	Dec. 31, 2025 $ / shares shares	Jul. 17, 2024 $ / shares
Class of Stock [Line Items]
Preferred stock authorized (in share)	50,000,000
Preferred stock par value (in dollar per share) \| $ / shares	$ 0.01
Preferred stock, issued (in shares)	0
Preferred stock, outstanding (in shares)	0
Class A
Class of Stock [Line Items]
Common stock authorized (in shares)	300,000,000	300,000,000
Common stock per share (in dollars per share) \| $ / shares	$ 0.01	$ 0.01	$ 0.01
Common stock outstanding (in shares)	14,177,064	15,028,681
Common stock issued (in shares)	14,177,064	15,028,681
Votes per share \| vote	1
Class B Voting Stock
Class of Stock [Line Items]
Common stock authorized (in shares)	100,000,000	100,000,000
Common stock per share (in dollars per share) \| $ / shares	$ 0.00001	$ 0.00001	$ 0.00001
Common stock outstanding (in shares)	7,277,651	7,277,651
Common stock issued (in shares)	7,277,651	7,277,651
Votes per share \| vote	1
Class C Voting Stock
Class of Stock [Line Items]
Common stock authorized (in shares)	100,000,000	100,000,000
Common stock per share (in dollars per share) \| $ / shares	$ 0.00001	$ 0.00001
Common stock outstanding (in shares)	33,893,810	33,893,810
Common stock issued (in shares)	33,893,810	33,893,810
Votes per share \| vote	10
Number of entitled votes \| vote	1
Period following uncertainty on beneficiary (in months)	12 months
Vote threshold, maximum percentage of outstanding Class A common stock	10.00%
Extended period of approval of a majority of the independent directors (in months)	18 months

STOCK-BASED COMPENSATION - Schedule of Nonvested Performance-Based Units Activity (Details - PSUs	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Number of Awards
Beginning balance (in shares) \| shares	39,143
Granted (in shares) \| shares	73,000
Vested (in shares) \| shares	0
Forfeited (in shares) \| shares	(647)
Ending balance (in shares) \| shares	111,496
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 30.87
Granted (in dollars per share) \| $ / shares	18.39
Vested (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	30.91
Ending balance (in dollars per share) \| $ / shares	$ 22.68

STOCKHOLDERS’ EQUITY - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2026 $ / shares shares	Mar. 31, 2026 USD ($) $ / shares shares	Jun. 30, 2025	Mar. 31, 2025 USD ($)	Feb. 23, 2026 USD ($)	Dec. 31, 2025 $ / shares	Jul. 17, 2024 class_of_stock $ / shares
Subsidiary, Sale of Stock [Line Items]
Number of authorized share classes of common stock \| class_of_stock							3
Shares authorized for repurchase \| $					$ 50.0
Shares repurchased and retired in the period (in shares) \| shares	872,397	872,397
Shares repurchased and retired, value \| $		$ 16.7
Preferred stock, issued (in shares) \| shares	0	0
Tax distribution \| $		$ 3.5		$ 2.8
Non taxable distributions \| $		$ 6.5		$ 0.0
TWFG MGA FL, LLC
Subsidiary, Sale of Stock [Line Items]
Equity interest acquired			50.10%
Class A
Subsidiary, Sale of Stock [Line Items]
Common stock per share (in dollars per share) \| $ / shares	$ 0.01	$ 0.01				$ 0.01	$ 0.01
Class A \| RSUs
Subsidiary, Sale of Stock [Line Items]
Number of shares issued under share-based payment arrangement (in shares) \| shares		20,780
Class B Voting Stock
Subsidiary, Sale of Stock [Line Items]
Common stock per share (in dollars per share) \| $ / shares	0.00001	$ 0.00001				0.00001	0.00001
Class C Voting Stock
Subsidiary, Sale of Stock [Line Items]
Common stock per share (in dollars per share) \| $ / shares	$ 0.00001	$ 0.00001				$ 0.00001
Shares issued, price per share (in dollars per share) \| $ / shares							$ 0.00001

STOCKHOLDERS’ EQUITY

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

STOCKHOLDERS’ EQUITY

The Company’s board of directors (the “Board”) approved an amended and restated certificate of incorporation (the “Restated Certificate of Incorporation”), which became effective on July 17, 2024 in connection with the IPO. The Restated Certificate of Incorporation authorizes the issuance of three classes of common stock: Class A common stock, par value $0.01 per share (“Class A Common Stock”), non-economic Class B common stock, par value $0.00001 per share (“Class B Common Stock” or “Class B Voting Stock”), and non-economic Class C common stock, par value $0.00001 per share (“Class C Common Stock” or “Class C Voting Stock”), and preferred stock.

As of March 31, 2026, an additional 20,780 shares of Class A Common Stock were issued upon vesting of restricted stock units (“RSUs”) in accordance with the Company's 2024 Omnibus Incentive Plan (the “2024 Incentive Plan”). See Note 9 Stock-Based Compensation.

Share Repurchase Program

On February 23, 2026, our Board approved a share repurchase program that authorizes the Company to repurchase up to $50 million of its outstanding Class A common stock. Share repurchases may be made from time-to-time on the open market, in privately negotiated transactions, using Rule 10b5-1 trading plans, or in any other manner that complies with the applicable securities law. The timing of purchases and number of shares repurchased under the program will depend upon a variety of factors including the Company’s stock price, trading volume, working capital or other liquidity requirements, and market conditions. The Company is not obligated to purchase any shares under the program and the program may be suspended or discontinued at any time without notice. As of March 31, 2026, the Company repurchased and retired 872,397 shares in the open market for a total cost of $16.7 million.


Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
March 6, 2026-March 31, 2026	872,397	$	18.96	872,397	$	33,277,312
Total	872,397			872,397

The following table summarizes the capitalization and voting rights of the Company’s classes of stock as of March 31, 2026:


	Authorized	Par Value		Issued & Outstanding	Votes per share	Economic Rights
Preferred stock	50,000,000	$	0.01	None

Common stock:
Class A(1)	300,000,000	$	0.01	14,177,064	1	Yes
Class B(1)	100,000,000	$	0.00001	7,277,651	1	No
Class C(2)	100,000,000	$	0.00001	33,893,810	10	No

(1) Each share of Class A Common Stock and non-economic Class B Common Stock entitles its holder to one vote per share on all matters submitted to a vote of the stockholders.

The Board is authorized to direct the Company to issue shares of preferred stock in one or more series and has the discretion to determine the number and designation of such series and the powers, rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, of each series of preferred stock. Through March 31, 2026, no shares of preferred stock have been issued.

Holders of Class A Common Stock are entitled to receive dividends when and if declared by the Board out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock. Upon liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of Class A Common Stock will be entitled to receive pro rata our remaining assets available for distribution.

Holders of the Company’s non-economic Class B and non-economic Class C Common Stock do not have any right to receive dividends or to receive a distribution upon a liquidation or winding up of the Company.

Noncontrolling interests

Noncontrolling interests represent the economic interests of TWFG Holding held by Bunch Family Holdings, LLC, RenaissanceRe Ventures U.S. LLC and GHC Woodlands Holdings LLC (collectively, the “Pre-IPO LLC Members” or “Continuing Pre-IPO LLC Members”).

The following table summarizes the ownership of TWFG Holding as of March 31, 2026:


Owner	Units Owned	Ownership percentage
TWFG, Inc.	14,177,064	25.6	%
Noncontrolling interests	41,171,461	74.4	%
Total	55,348,525	100.0	%

Redeemable noncontrolling interest

In the second quarter of 2025, the Company completed the acquisition of a 50.1% controlling interest in TWFG MGA FL. The remaining interest is held by AIH Sub, Inc. with a right to put its interest to the Company beginning in 2030 and ending in 2033. The put right consideration to be paid is based on operational performance of TWFG MGA FL as determined at the time the right is exercised. See Note 4 Intangibles, Acquisitions, and Disposals for additional information.

Cash Distributions to Members Related to Their Income Tax Liabilities

As a limited liability company treated as a partnership for income tax purposes, TWFG Holding is not subject to any entity level U.S. federal income taxes, as these taxes are primarily the obligations of its members. Under the third amended and restated TWFG Holding LLC Agreement, TWFG Holding is required to distribute cash, to the extent that TWFG Holding has cash available, on a pro rata basis to its members to the extent necessary to cover the members’ tax liabilities, if any, with respect to each member’s share of net taxable income of TWFG Holding. TWFG Holding makes such tax distributions to its members quarterly, based on an estimated tax rate and projected year-to-date taxable income, with a final accounting once actual taxable income or loss has been determined. TWFG Holding made tax distributions to its members totaling approximately $3.5 million and $2.8 million for the three months ended March 31, 2026 and 2025, respectively. Non-tax distributions in the amounts of $6.5 million and none were made for the three months ended March 31, 2026 and 2025, respectively.

- Definition

The entire disclosure for equity.

+ References

+ Details

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2026	May 06, 2026
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	001-42177
Entity Registrant Name	TWFG, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	99-0603906
Entity Address, Address Line One	10055 Grogans Mill Rd.
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380
City Area Code	281
Local Phone Number	367-3424
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	TWFG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0002007596
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		12,997,112
Class B Voting Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		7,277,651
Class C Voting Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		33,893,810

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Settlement of contingent consideration	$ 389
Contingent Consideration Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Decrease in fair value	100
Contingent Consideration Liabilities \| Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value	$ 6,954	$ 7,052

DEFINED CONTRIBUTION PLAN	3 Months Ended
DEFINED CONTRIBUTION PLAN	Mar. 31, 2026
Retirement Benefits [Abstract]
DEFINED CONTRIBUTION PLAN	DEFINED CONTRIBUTION PLAN TWFG Holding sponsors a Safe Harbor defined contribution plan (the “Plan”). The sponsor is part of a controlled group that includes both TWFG Insurance Services LLC (“TWFG-IS”) and TWFG General Agency LLC (“TWFG-GA”). The Plan allows employees who are age 21 or older and have completed 3 months of service to participate. Each year, participants may defer between 1% and 100% of eligible compensation, not to exceed the maximum dollar amount as allowed under Section 402(g) of the Internal Revenue Code. Effective January 1, 2008, the Plan was amended to allow the Company to meet the provisions of the regulations. The Plan provides a Company matching of 100% on the first 4% of eligible compensation that a participant contributes to the Plan. For the three months ended March 31, 2026 and 2025, the Company recognized expenses related to the Plan of $0.2 million and $0.2 million, respectively. The Company at its election may make discretionary profit share contributions. Contributions are subject to certain limitations. For the three months ended March 31, 2026 and 2025, the Company elected not to make any additional discretionary contributions.

FAIR VALUE MEASUREMENTS - Schedule of Fair Value Information About Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Bank debt:
Current bank debt	$ 1,987	$ 1,972
Long-term bank debt	1,532	2,035
Deferred Acquisition Payables- notes
Deferred acquisition payables	6,405	1,505
Deferred acquisition payables	1,522	6,669
Level 2 \| Carrying Value
Bank debt:
Current bank debt	1,987	1,972
Long-term bank debt	1,532	2,035
Deferred Acquisition Payables- notes
Deferred acquisition payables	591	593
Deferred acquisition payables	382	529
Level 2 \| Fair Value
Bank debt:
Current bank debt	1,987	1,972
Long-term bank debt	1,532	2,035
Deferred Acquisition Payables- notes
Deferred acquisition payables	591	593
Deferred acquisition payables	$ 392	$ 529

SEGMENT

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

SEGMENT

The Company has one operating segment and therefore one reportable segment relating to its business as an independent distribution platform for personal and commercial insurance in the United States. All business activities and operations are reported in the one reportable segment, which applies accounting policies consistent with the consolidated entity. The Company’s Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, manages the Company’s operations on a consolidated basis as one operating segment for the purpose of evaluating financial performance and allocating resources. See Note 3 Revenue for products and major customers on an entity wide basis.

The segment derives its revenues primarily from the placement of insurance contracts between insurance carriers and insureds. The CODM assesses the financial performance of the segment and decides how to allocate resources based on net income on a consolidated basis. The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as total consolidated assets. See Note 4 Intangibles, Acquisitions, and Disposals for capital expenditures on an entity wide basis.

The CODM uses net income predominantly in the annual operating budget and in the strategic planning and forecasting process. Such profit measure is used to monitor budget versus actual results on an ongoing basis by the CODM and determine how resources are allocated to the various activities of the Company. The CODM also uses net income to evaluate the Company’s performance and assist in determination of management’s incentive compensation.

The following table provides a summary of the segment revenue, segment profit or loss, and significant segment expenses (in thousands):


	Three Months Ended March 31,
	2026		2025
Total revenues	$	72,841	$	53,823
Less:
Commission expense	37,030		31,814
Salaries and employee benefits	9,901		8,196
Technology expense	1,807		1,418
Consultant and other professional fees	1,326		805
Depreciation and amortization	6,169		3,359
Other segment items (1)	4,257		2,502
Interest expense	62		83
Interest income	(1,214)		(1,863)
Income tax expense	1,133		656
Other non-operating (income) expense, net	(709)		—
Segment and consolidated net income	$	13,079	$	6,853

(1) Other segment items included in segment net income include marketing expenses, survey expenses, office expenses, and certain administrative expenses.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
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+ Details

INTANGIBLES, ACQUISITIONS, AND DISPOSALS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Finite-Lived Intangible Assets [Roll Forward]
Balance, beginning of period	$ 188,465	$ 105,392	$ 105,392
Additions	29,006		84,232
Disposals			(1,159)
Balance, end of period	217,471		188,465
Accumulated amortization	55,861		49,833
Net carrying amount, end of period	$ 161,610		138,632
Weighted average amortization period	7 years
Gain on disposal of assets	$ 700	0
Amortization expense	6,028	3,210
Customer Lists
Finite-Lived Intangible Assets [Roll Forward]
Balance, beginning of period	149,579	96,553	96,553
Additions	28,694		54,185
Disposals			(1,159)
Balance, end of period	178,273		149,579
Accumulated amortization	44,663		40,060
Net carrying amount, end of period	$ 133,610		109,519
Weighted average amortization period	7 years 10 months 24 days
Gain on disposal of assets			1,100
Amortization expense	$ 4,603	3,031
Computer Software
Finite-Lived Intangible Assets [Roll Forward]
Balance, beginning of period	9,216	8,564	8,564
Additions	312		652
Disposals			0
Balance, end of period	9,528		9,216
Accumulated amortization	7,544		7,364
Net carrying amount, end of period	$ 1,984		1,852
Weighted average amortization period	4 years 4 months 24 days
Amortization expense	$ 180	176
Non-Compete Agreements
Finite-Lived Intangible Assets [Roll Forward]
Balance, beginning of period	275	275	275
Additions	0		0
Disposals			0
Balance, end of period	275		275
Accumulated amortization	275		275
Net carrying amount, end of period	0		0
Amortization expense	0	3
Customer Relationship
Finite-Lived Intangible Assets [Roll Forward]
Balance, beginning of period	29,395	0	0
Additions	0		29,395
Disposals			0
Balance, end of period	29,395		29,395
Accumulated amortization	3,379		2,134
Net carrying amount, end of period	$ 26,016		$ 27,261
Weighted average amortization period	5 years
Amortization expense	$ 1,245	$ 0

DEBT AND DEFERRED ACQUISITION PAYABLES - Schedule of Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Total bank debt	$ 3,519	$ 4,007
Less: current bank debt	(1,987)	(1,972)
Total long-term bank debt	1,532	2,035
Total Deferred Acquisition Payables	7,927	8,174
Deferred acquisition payable	(6,405)	(1,505)
Deferred acquisition payables	1,522	6,669
Acquisition notes payables
Debt Instrument [Line Items]
Total Deferred Acquisition Payables	973	1,122
Deferred acquisition payable	(591)	(593)
Deferred acquisition payables	382	529
Contingent considerations
Debt Instrument [Line Items]
Total Deferred Acquisition Payables	6,954	7,052
Deferred acquisition payable	(5,814)	(912)
Deferred acquisition payables	$ 1,140	6,140
Term Loan \| Line of Credit \| 7-Year Term Loan
Debt Instrument [Line Items]
Debt instrument, term	7 years
Interest rate	0.11448%
Total bank debt	$ 3,519	$ 4,007

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2026
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company earned $4.3 million in commissions and $0.9 million in fee income, from The Woodlands Insurance Company (“TWICO”), a related party, during the three months ended March 31, 2026. For the three months ended March 31, 2025, the Company earned $3.1 million in commissions and $0.8 million in fee income, respectively, from TWICO. These amounts are included in commission income and fee income in the Condensed Consolidated Statements of Income. For the three months ended March 31, 2026 and March 31, 2025, the Company allocated to TWICO general and administrative expenses, all of which were immaterial. On September 1, 2025, TWICO and TWFG-GA amended their managing general agency and claims administration agreement, which reflects an increase in the percentage of commissions paid to TWFG-GA from 20% to 25%, a profit sharing arrangement, and requires TWICO to reimburse TWFG-GA for actual expenses incurred or allocated by TWFG-GA for licensing, statistical accounting and management services performed by TWFG-GA. The transaction was approved by the audit committee of the Board pursuant to the Company’s Related Party Transaction Approval Policy and approved by the Texas Department of Insurance. The Company incurred $0.8 million in license fees net of administrative expenses during the three months ended March 31, 2026 under its software licensing agreement with Evolution Agency Management LLC (“EVO”), a related party. For the three months ended March 31, 2025, the Company incurred license fees of $0.8 million and allocated general administrative expenses related to EVO, totaling $0.1 million, respectively. These amounts are not eliminated and are included in Other Administrative Expenses in the Condensed Consolidated Statements of Income. The Company purchased the assets of Ralph E. Wade Insurance Agency Inc. in April 2023 for a total consideration of $4.3 million, of which $1.3 million, was settled through the issuance of an interest bearing deferred acquisition note payable. As of March 31, 2026, $0.4 million was outstanding on the deferred acquisition note payable. In December 2024, the Company commenced a 10-year lease for additional office space with Parkwood 2, LLC, a related party owned by the Continuing Pre-IPO LLC Members. On December 15, 2025, the Company entered into an amended lease agreement with Parkwood 2, LLC for additional office space located in The Woodlands, Texas. The lease term is expected to commence in the second quarter of 2026 with an initial term of 106 months with an option to renew. The Company has the right to extend the term for an additional 120 months. As of March 31, 2026, the Company has not recognized a right-of-use asset, lease liability, rent expense, or tenant improvement assets or obligations related to this lease. There were no other material changes in related party transactions from those disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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+ Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within each level of the fair value hierarchy (in thousands):


	Fair Value Hierarchy
	Level 1				Level 2				Level 3

	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
	2026		2025		2026		2025		2026		2025
Assets:
Interest rate swap(1)	$	—	$	—	$	99	$	116	$	—	$	—
Total assets measured at fair value	$	—	$	—	$	99	$	116	$	—	$	—

Liabilities:
Contingent Considerations(2)	$	—	$	—	$	—	$	—	$	6,954	$	7,052
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	6,954	$	7,052

(1)The interest rate swap is used to manage the Company’s exposure to interest rate fluctuations related to the Company’s term loans.

(2)The future contingent considerations are recorded in the current and non-current Deferred Acquisition Payables accounts of the Condensed Consolidated Balance Sheet.

Schedule of Changes in Fair Value of Liabilities Measured at Fair Value on a Recurring Basis Utilizing Level 3 Assumptions

The following table sets forth a summary of the changes in the fair value of the Company’s future contingent considerations, which are measured at fair value on a recurring basis utilizing Level 3 assumptions in their valuation (in thousands):


	Carrying Value		Fair Value
Balance at December 31, 2025	$	7,052	$	6,822
Change in fair value of contingent consideration	(209)		(209)
Fair value of contingent consideration-new issuances	500		500
Settlement of contingent consideration	(389)		(389)
Balance at March 31, 2026(1)	$	6,954	$	6,724

Fair value of current contingent considerations as of 3/31/2026(1)	$	5,814	$	5,814
Fair Value of non-current contingent considerations as of 3/31/2026(1)	$	1,140	$	1,096

(1)The Deferred Acquisition Payables-contingent considerations are cash payments that are due to the seller paid out over a future period. The fair value of Deferred Acquisition Payables-contingent considerations are based on current market rates for similar types of payment arrangements. The carrying value approximates its fair value compared to current market rates.

Fair Value Disclosure of Asset and Liability Not Measured at Fair Value

The following table presents the Company’s debt that is not measured at fair value on a recurring basis:


		March 31, 2026				December 31, 2025
	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Bank debt:
Current bank debt	Level 2	$	1,987	$	1,987	$	1,972	$	1,972
Long-term bank debt(1)	Level 2	$	1,532	$	1,532	$	2,035	$	2,035
Deferred Acquisition Payables-notes(2):
Current Deferred Acquisition Payables-notes	Level 2	$	591	$	591	$	593	$	593
Long-term Deferred Acquisition Payables-notes	Level 2	$	382	$	392	$	529	$	529

(1)The carrying value of the Company’s borrowings under various credit agreements approximates its fair value due to the variable interest rate based upon adjusted SOFR.

(2) The Deferred Acquisition Payables-notes are cash payments that are due to the seller paid out over a future period. The fair value of Deferred Acquisition Payables-notes are based on current market rates for similar types of financing arrangements.

INTANGIBLES, ACQUISITIONS, AND DISPOSALS

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLES, ACQUISITIONS, AND DISPOSALS

Acquisition of Asset Protection Insurance Associates

During the first quarter of 2026, the Company acquired Asset Protection Insurance Associates (“APIA”), a Texas-based MGA specializing in providing comprehensive insurance solutions for property owners and real estate investors throughout the United States, for a total cash consideration of $22.5 million at closing. The acquisition agreement also provides potential to earn contingent payments of up to $7.0 million. The contingent payments are based on the achievement of defined performance metrics over each of the three subsequent anniversary periods after close date. As of March 31, 2026, the contingent payments were not recognized as the conditions for recognition had not been met. The transaction was accounted for as an asset acquisition under the cost accumulation model, with the acquired customer list intangible asset identified as the single substantive asset acquired. The Company recognized a customer list intangible asset with an acquisition-date fair value of $22.0 million which is being amortized on a straight-line basis over ten years. The remaining $0.5 million was allocated to other assets assumed through the acquisition.

Customer Lists and Software Acquisitions

During the three months ended March 31, 2026, the Company acquired customer lists totaling to $6.7 million, excluding the acquisition of APIA. Of this amount, $6.4 million was paid in cash at closings, and the remaining $0.3 million was recorded as future contingent cash payments for the acquired customer lists and included in Deferred Acquisition Payables on the Condensed Consolidated Balance Sheets.

During the three months ended March 31, 2026, $0.3 million was paid in cash for software acquisitions.

Acquisition of TWFG MGA FL, LLC

During the second quarter of 2025, the Company acquired a 50.1% equity interest in TWFG MGA FL for a total cash consideration of $9.7 million at closing. The acquisition agreement also provides for a contingent payment of up to $5.0 million, payable upon achievement of defined performance metrics within one year of closing, and includes a put option for the remaining 49.9% interest held by AIH Sub, Inc. The transaction was accounted for as an asset acquisition under the cost accumulation model, with the acquired customer relationship intangible asset identified as the single substantive asset acquired. The Company recognized a customer relationship intangible asset with an acquisition-date fair value of $29.4 million, and a redeemable noncontrolling interest of $14.7 million, representing the fair value of the ownership interest held by AIH Sub, Inc. The customer relationship intangible asset is being amortized on a straight-line basis over six years.

As part of the acquisition of TWFG MGA FL, the Company also acquired 5.7% equity interest in AIH Sub, Inc., an unconsolidated related party, for $0.3 million in cash. See Note 8 Stockholders’ Equity for more information regarding the redeemable noncontrolling interest.

As of March 31, 2026 and December 31, 2025, it was determined that TWFG MGA FL would achieve the full $5.0 million earn out. Therefore, the Company recognized the full earn out as a Deferred Acquisition Payable in the Consolidated Balance Sheets during the year ended December 31, 2025.

Net Gains on Disposals

The Company recognized a net gain on disposals of $0.7 million for the months ended March 31, 2026. The gains on disposals were attributable to the sale of books of business to third parties. Occasionally, the Company will sell books of business that it believes to be in its best interest to dispose.

The following table presents information about the Company’s intangible assets (in thousands):


	March 31, 2026
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Cost
Balance, beginning of period	$	149,579	$	9,216	$	275	$	29,395	$	188,465
Additions(1)	28,694		312		—		—		29,006

Balance, end of period	178,273		9,528		275		29,395		217,471
Accumulated amortization	44,663		7,544		275		3,379		55,861
Net carrying amount, end of period	$	133,610	$	1,984	$	—	$	26,016	$	161,610

	December 31, 2025
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Cost
Balance, beginning of period	$	96,553	$	8,564	$	275	$	—	$	105,392
Additions	54,185		652		—		29,395		84,232
Disposals(2)	(1,159)		—		—		—		(1,159)
Balance, end of period	149,579		9,216		275		29,395		188,465
Accumulated amortization	40,060		7,364		275		2,134		49,833
Net carrying amount, end of period	$	109,519	$	1,852	$	—	$	27,261	$	138,632

(1)Customer list, computer software, and customer relationship intangible assets acquired during the quarter ended March 31, 2026 have a weighted average amortization period of 7.9 years, 4.4 years, and 5.0 years, respectively. The weighted-average amortization period for all intangible assets acquired as of March 31, 2026 is 7.0 years.

(2)For the year ended December 31, 2025, the Company recognized a net gain of $1.1 million on the sale of customer lists.


	2026
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Three Months Ended March 31,
Amortization expense	$	4,603	$	180	$	—	$	1,245	$	6,028



	2025
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Three Months Ended March 31,
Amortization expense	$	3,031	$	176	$	3	$	—	$	3,210

The following table presents the future amortization for intangible assets as of March 31, 2026 (in thousands):


	Customer Lists		Computer Software		Customer Relationship
Remainder of 2026	$	15,280	$	535	$	3,736
2027	20,327		625		4,981
2028	20,297		438		4,981
2029	20,212		248		4,981
2030	19,822		129		4,981
Thereafter	37,672		9		2,356
Total	$	133,610	$	1,984	$	26,016

STOCKHOLDERS’ EQUITY - Schedule of Share Repurchase Program (Details)	1 Months Ended	3 Months Ended
	Mar. 31, 2026 USD ($) $ / shares shares	Mar. 31, 2026 USD ($) shares
Equity [Abstract]
Total Number of Shares Purchased (in shares) \| shares	872,397	872,397
Average Price Paid per Share (usd per share) \| $ / shares	$ 18.96
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program \| $	$ 33,277,312	$ 33,277,312

STOCKHOLDERS’ EQUITY - Schedule of Ownership of TWFG (Details)	3 Months Ended
	Mar. 31, 2026 shares
Noncontrolling Interest [Line Items]
Units Owned (in shares)	55,348,525
Ownership percentage	100.00%
TWFG, Inc.
Noncontrolling Interest [Line Items]
TWFG, Inc., percentage	25.60%
Noncontrolling interests
Noncontrolling Interest [Line Items]
Noncontrolling interests, percentage	74.40%
TWFG, Inc.
Noncontrolling Interest [Line Items]
Units Owned (in shares)	14,177,064
Noncontrolling Interests
Noncontrolling Interest [Line Items]
Units Owned (in shares)	41,171,461

STOCK-BASED COMPENSATION - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($) tranche shares	Mar. 31, 2025 USD ($)	Jul. 17, 2024 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Salaries and employee benefits compensation \| $	$ 800	$ 1,200
Tax withholding on vesting of equity awards \| $	86	$ 1,195
Compensation costs related to unvested RSUs \| $	$ 5,400
Weighted-average period (in years)	2 years
RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	101,400
Vested during the period (in shares)	25,467
Tax withholding on vesting of equity awards (in shares)	4,687
Tax withholding on vesting of equity awards \| $	$ 100
PSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	73,000
Vested during the period (in shares)	0
Measurement period	2 years
Number of tranches \| tranche	2
PSUs \| Tranche 1
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percentage of vesting of award under share-based payment arrangement.	50.00%
PSUs \| Tranche 2
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percentage of vesting of award under share-based payment arrangement.	50.00%
2024 Omnibus Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, capital shares reserved (in shares)			4,346,667
Future grant (in shares)	3,760,369
Incentive Plan 2024 \| Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting of restricted stock units (in shares)	20,780

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenues
Total revenues	$ 72,841	$ 53,823
Expenses
Commission expense	37,030	31,814
Salaries and employee benefits	9,901	8,196
Other administrative expenses (related party of $841 and $770 for the three months ended March 31, 2026 and 2025, respectively)	7,390	4,724
Depreciation and amortization	6,169	3,359
Total operating expenses	60,490	48,093
Operating income	12,351	5,730
Interest expense	(62)	(83)
Interest income	1,214	1,863
Other non-operating income (expense), net	709	(1)
Income before tax	14,212	7,509
Income tax expense	1,133	656
Net income	13,079	6,853
Less: net income attributable to noncontrolling interests	11,322	5,515
Net income attributable to TWFG, Inc.	$ 1,757	$ 1,338
Weighted average shares of common stock outstanding (see Note 13):
Basic (in shares)	14,794,482	14,889,739
Diluted (in shares)	14,897,288	15,055,553
Earnings per share (see Note 13):
Basic (in dollars per share)	$ 0.12	$ 0.09
Diluted (in dollars per share)	$ 0.12	$ 0.09
Commission income
Revenues
Total revenues	$ 67,051	$ 48,785
Contingent income
Revenues
Total revenues	1,935	1,663
Fee income
Revenues
Total revenues	3,348	3,011
Other income
Revenues
Total revenues	$ 507	$ 364

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,133	$ 656
Effective income tax rate	7.97%	8.74%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 13,079	$ 6,853
Other comprehensive loss, net of tax:
Unrealized gain (loss) on derivative instruments	11	(15)
Reclassification of realized losses on derivative instruments included in net income	(28)	(53)
Total other comprehensive loss, net of tax	(17)	(68)
Comprehensive income	13,062	6,785
Less: comprehensive income attributable to noncontrolling interests	11,309	5,465
Comprehensive income attributable to TWFG, Inc.	$ 1,753	$ 1,320

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Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

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+ Details

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair Value Measurements

The Company measures certain assets and liabilities at fair value using the three-level hierarchy established under ASC Topic 820. There were no material changes to the Company’s fair value measurement policies during the three months ended March 31, 2026. See Note 9 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for a complete description of the fair value hierarchy and the Company’s valuation methodologies.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within each level of the fair value hierarchy (in thousands):


	Fair Value Hierarchy
	Level 1				Level 2				Level 3

	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
	2026		2025		2026		2025		2026		2025
Assets:
Interest rate swap(1)	$	—	$	—	$	99	$	116	$	—	$	—
Total assets measured at fair value	$	—	$	—	$	99	$	116	$	—	$	—

Liabilities:
Contingent Considerations(2)	$	—	$	—	$	—	$	—	$	6,954	$	7,052
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	6,954	$	7,052

(1)The interest rate swap is used to manage the Company’s exposure to interest rate fluctuations related to the Company’s term loans.

(2)The future contingent considerations are recorded in the current and non-current Deferred Acquisition Payables accounts of the Condensed Consolidated Balance Sheet.

Contingent Considerations

Level 3 fair value measurements rely on limited unobservable inputs, which may not reflect net realizable value or future fair values. Although the Company believes its valuation methods align with market practices, different assumptions or methodologies could lead to varying fair value results at the reporting date.

The fair value of contingent consideration liabilities is based on projected performance of the acquired entities, which are reassessed each reporting period. Based on the Company’s ongoing assessment of the fair value of its contingent consideration, during the three months ended March 31, 2026, the Company recorded a $0.1 million net decrease in the estimated fair value of liabilities which included $0.4 million cash paid for settlements. The Company has assessed the most likely exposure to the contingent consideration to be $7.0 million at March 31, 2026.


	Carrying Value		Fair Value
Balance at December 31, 2025	$	7,052	$	6,822
Change in fair value of contingent consideration	(209)		(209)
Fair value of contingent consideration-new issuances	500		500
Settlement of contingent consideration	(389)		(389)
Balance at March 31, 2026(1)	$	6,954	$	6,724

Fair value of current contingent considerations as of 3/31/2026(1)	$	5,814	$	5,814
Fair Value of non-current contingent considerations as of 3/31/2026(1)	$	1,140	$	1,096

There were no transfers in or out of the Level 3 hierarchy.

Fair value information about financial instruments not measured at fair value

The following table presents the Company’s debt that is not measured at fair value on a recurring basis:


		March 31, 2026				December 31, 2025
	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Bank debt:
Current bank debt	Level 2	$	1,987	$	1,987	$	1,972	$	1,972
Long-term bank debt(1)	Level 2	$	1,532	$	1,532	$	2,035	$	2,035
Deferred Acquisition Payables-notes(2):
Current Deferred Acquisition Payables-notes	Level 2	$	591	$	591	$	593	$	593
Long-term Deferred Acquisition Payables-notes	Level 2	$	382	$	392	$	529	$	529

(1)The carrying value of the Company’s borrowings under various credit agreements approximates its fair value due to the variable interest rate based upon adjusted SOFR.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

OTHER CURRENT LIABILITIES


	March 31, 2026		December 31, 2025
Accrued salaries and bonus expenses	$	1,565	$	2,529
Accrued professional fees	943		842
Accounts payable	1,530		1,571
Income tax payable	2,205		1,051
Other current liabilities	4,035		4,315
	$	10,278	$	10,308

LITIGATION AND CONTINGENCIES	3 Months Ended
LITIGATION AND CONTINGENCIES	Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]
LITIGATION AND CONTINGENCIES	LITIGATION AND CONTINGENCIES The Company may be involved in various legal proceedings and subject to claims that arise in the ordinary course of business. Although the results and claims are inherently unpredictable and uncertain, the Company is not presently a party to any litigation the outcome of which, the Company believes, if determined adversely to it, would individually or taken together have a material adverse effect on the Company’s business, operating results, cash flows or financial condition. The Company records liabilities for loss contingencies when it is probable that a liability has been incurred and the amount is reasonably estimable. The Company does not discount such contingent liabilities and recognizes incremental costs related to the contingencies when incurred.

EARNINGS PER SHARE - Schedule of Computation of Basic and Diluted Net Income Per Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Net Income (Loss) Attributable to Parent [Abstract]
Net income attributable to TWFG, Inc. (basic)	$ 1,757	$ 1,338
Plus: Income attributed to dilutive shares	12	13
Net income attributable to common stockholders (diluted)	$ 1,769	$ 1,351
Denominator:
Weighted average common stock outstanding (basic) (in shares)	14,794,482	14,889,739
Effect of potentially dilutive securities:
Weighted average common stock outstanding (diluted) (in shares)	14,897,288	15,055,553
Earnings per share
Basic (in dollars per share)	$ 0.12	$ 0.09
Diluted (in dollars per share)	$ 0.12	$ 0.09
RSUs
Effect of potentially dilutive securities:
Effect of potentially dilutive securities (in shares)	101,924	165,814
PSUs
Effect of potentially dilutive securities:
Effect of potentially dilutive securities (in shares)	882	0

REVENUES - Narrative (Details) $ in Thousands	3 Months Ended
REVENUES - Narrative (Details) $ in Thousands	Mar. 31, 2026 USD ($) offering	Mar. 31, 2025	Dec. 31, 2025 USD ($)	Jan. 01, 2025 USD ($)
Disaggregation of Revenue [Line Items]
Number of primary offerings \| offering	2
Commissions receivable, net	$ 36,491		$ 37,322
Contract with customer, liability	$ 0		$ 0	$ 0
Revenue from Contract with Customer Benchmark \| Customer Concentration Risk \| TWFG MGA FL, LLC
Disaggregation of Revenue [Line Items]
Concentration risk (in percent)	17.00%
Revenue from Contract with Customer Benchmark \| Customer Concentration Risk \| The Progressive Corporation
Disaggregation of Revenue [Line Items]
Concentration risk (in percent)	10.00%	14.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income Per Unit

The following tables set forth the computation of basic and diluted earnings per share for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share amounts):


	Three Months Ended March 31,
	2026		2025
Numerator:
Net income attributable to TWFG, Inc. (basic)	$	1,757	$	1,338

Plus: Income attributed to dilutive shares	12		13
Net income attributable to common stockholders (diluted)	$	1,769	$	1,351

Denominator:
Weighted average common stock outstanding (basic)	14,794,482		14,889,739
Effect of potentially dilutive securities:
RSUs	101,924		165,814
PSUs	882		—


Weighted average common stock outstanding (diluted)	14,897,288		15,055,553

Earnings per share
Basic	$	0.12	$	0.09
Diluted	$	0.12	$	0.09

Schedule of Weighted Average Number of Shares

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted weighted average shares outstanding for the periods indicated because including them would have had an antidilutive effect:




	Three Months Ended March 31,

	2026	2025

RSUs	37	51,160
PSUs	—	38,223
Class B Voting Stock	7,277,651	7,277,651
Class C Voting Stock	33,893,810	33,893,810
	41,171,498	41,260,844

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 30, 2023	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 15, 2025	Sep. 01, 2025	Aug. 31, 2025	Dec. 31, 2024
Related Party Transaction [Line Items]
Total revenues		$ 72,841	$ 53,823
Other administrative expenses		7,390	4,724
Additions		29,006		$ 84,232
Deferred acquisition payable		7,927		8,174
Customer Lists
Related Party Transaction [Line Items]
Additions		28,694		$ 54,185
Related Party
Related Party Transaction [Line Items]
Other administrative expenses		841	770
Increase in commission paid						25.00%	20.00%
Related Party \| Ralph E. Wade Insurance Agency Inc.
Related Party Transaction [Line Items]
Asset acquisition, debt issuance	$ 1,300
Deferred acquisition payable		400
Related Party \| Ralph E. Wade Insurance Agency Inc. \| Customer Lists
Related Party Transaction [Line Items]
Additions	$ 4,300
Commission income
Related Party Transaction [Line Items]
Total revenues		67,051	48,785
Commission income \| Related Party
Related Party Transaction [Line Items]
Total revenues		4,278	3,135
Fee income
Related Party Transaction [Line Items]
Total revenues		3,348	3,011
Fee income \| Related Party
Related Party Transaction [Line Items]
Total revenues		896	834
TWICO \| Related Party
Related Party Transaction [Line Items]
Other administrative expenses		0	0
TWICO \| Commission income \| Related Party
Related Party Transaction [Line Items]
Total revenues		4,300	3,100
TWICO \| Fee income \| Related Party
Related Party Transaction [Line Items]
Total revenues		900	800
Evolution Agency Management LLC \| Related Party
Related Party Transaction [Line Items]
Other administrative expenses		100
License fees		$ 800	$ 800
Parkwood 2, LLC \| Related Party
Related Party Transaction [Line Items]
Lessee, operating lease, term of contract					106 months			10 years
Extension term					120 months

REVENUES

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

REVENUES

The following table presents the disaggregation of revenues by major source (in thousands):


	Three Months Ended March 31,
	2026		2025
Commission income	$	67,051	$	48,785
Contingent income	1,935		1,663
Fee income
Policy fees	1,403		1,051
Branch fees	1,321		1,256
License fees	529		608
TPA fees	95		96
Other income	507		364
Total revenues	$	72,841	$	53,823

The Company operates through two primary offerings, which are Insurance Services and TWFG MGA. The following table presents the disaggregation of revenues by offerings (in thousands):


	Three Months Ended March 31,
	2026		2025
Insurance Services
Agency-in-a-Box	$	39,008	$	35,996
Corporate Branches	10,790		8,223
TWFG MGA	22,534		9,195
Other	509		409
Total revenues	$	72,841	$	53,823

As of March 31, 2026 and December 31, 2025, the commissions receivable, net reported in the Condensed Consolidated Balance Sheets had a balance of $36.5 million and $37.3 million, respectively. The Company had no contract liabilities as of March 31, 2026, December 31, 2025, and January 1, 2025.

The Company’s allowance for expected credit losses is determined based on a combination of factors: credit quality indicators, including, but not limited to, payment status, historical charge-offs, financial strength of the insurance carriers for commissions receivable, and production performance and age of balances for receivables from agents.

The following table provides a summary of changes in the Company’s allowance for expected credit losses
(in thousands):


	March 31, 2026		December 31, 2025
Beginning of period	$	888	$	415
Write-offs	—		—
Increase in provision	327		473
Decrease in provision	—		—
End of period	$	1,215	$	888

TWFG MGA FL, LLC (“TWFG MGA FL”) accounted for 17% and Progressive Corporation accounted for 10% of total revenues for the three months ended March 31, 2026. For three months ended March 31, 2025, Progressive Corporation accounted for 14% of total revenue. No other customers individually accounted for 10% or more of the Company’s total revenues for the three months ended March 31, 2026 and 2025.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 12
-Subparagraph (c)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Condensed Consolidated Statements of Changes in Redeemable Noncontrolling Interest and Stockholders’ Equity - USD ($) $ in Thousands	Total	Total Stockholders’ Equity Attributable to TWFG, Inc.	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Class A Common Stock	Class A Common Stock Common Stock	Class B Voting Stock	Class B Voting Stock Common Stock	Class C Voting Stock	Class C Voting Stock Common Stock
Beginning balance (in shares) at Dec. 31, 2024								14,811,874		7,277,651		33,893,810
Beginning balance at Dec. 31, 2024	$ 275,286	$ 73,884	$ 58,365	$ 15,288	$ 83	$ 201,402		$ 148		$ 0		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		1,338		1,338		5,515
Cash distributions to members	(2,024)					(2,024)
Other comprehensive loss	(68)	(18)			(18)	(50)
Stock-based compensation	1,204	1,204	1,204
Vesting of restricted stock units (in shares)								134,018
Vesting of restricted stock units	1	1						$ 1
Tax withholding on vesting of equity awards (in shares)								(41,809)
Tax withholding on vesting of equity awards	(1,195)	(1,195)	(1,195)
Ending balance (in shares) at Mar. 31, 2025								14,904,083		7,277,651		33,893,810
Ending balance at Mar. 31, 2025	280,057	75,214	58,374	16,626	65	204,843		$ 149		$ 0		$ 0
Beginning balance at Dec. 31, 2024	0
Ending balance at Mar. 31, 2025	0
Beginning balance (in shares) at Dec. 31, 2025							15,028,681	15,028,681	7,277,651	7,277,651	33,893,810	33,893,810
Beginning balance at Dec. 31, 2025	298,749	83,382	59,951	23,251	30	215,367		$ 150		$ 0		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,573	1,757		1,757		7,816
Cash distributions to members	(7,326)					(7,326)
Other comprehensive loss	(17)	(4)			(4)	(13)
Stock-based compensation	856	856	856
Vesting of restricted stock units (in shares)								25,467
Tax withholding on vesting of equity awards (in shares)								(4,687)
Tax withholding on vesting of equity awards	(86)	(86)	(86)
Share repurchase program (in shares)								(872,397)
Share repurchase program	(16,723)	(16,723)	(16,715)					$ (8)
Ending balance (in shares) at Mar. 31, 2026							14,177,064	14,177,064	7,277,651	7,277,651	33,893,810	33,893,810
Ending balance at Mar. 31, 2026	285,026	$ 69,182	$ 44,006	$ 25,008	$ 26	$ 215,844		$ 142		$ 0		$ 0
Beginning balance at Dec. 31, 2025	17,901
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income	3,506
Ending balance at Mar. 31, 2026	$ 21,407

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2026	Dec. 31, 2025	Jul. 17, 2024
Class A Common Stock
Common stock per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock authorized (in shares)	300,000,000	300,000,000
Common stock issued (in shares)	14,177,064	15,028,681
Common stock outstanding (in shares)	14,177,064	15,028,681
Class B Voting Stock
Common stock per share (in dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	100,000,000	100,000,000
Common stock issued (in shares)	7,277,651	7,277,651
Common stock outstanding (in shares)	7,277,651	7,277,651
Class C Voting Stock
Common stock per share (in dollars per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	100,000,000	100,000,000
Common stock issued (in shares)	33,893,810	33,893,810
Common stock outstanding (in shares)	33,893,810	33,893,810

Condensed Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Total revenues	$ 72,841	$ 53,823
Other administrative expenses	7,390	4,724
Commission income
Total revenues	67,051	48,785
Fee income
Total revenues	3,348	3,011
Related Party
Other administrative expenses	841	770
Related Party \| Commission income
Total revenues	4,278	3,135
Related Party \| Fee income
Total revenues	$ 896	$ 834

- Definition

+ References

+ Details

INTANGIBLES, ACQUISITIONS, AND DISPOSALS (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table presents information about the Company’s intangible assets (in thousands):


	March 31, 2026
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Cost
Balance, beginning of period	$	149,579	$	9,216	$	275	$	29,395	$	188,465
Additions(1)	28,694		312		—		—		29,006

Balance, end of period	178,273		9,528		275		29,395		217,471
Accumulated amortization	44,663		7,544		275		3,379		55,861
Net carrying amount, end of period	$	133,610	$	1,984	$	—	$	26,016	$	161,610

	December 31, 2025
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Cost
Balance, beginning of period	$	96,553	$	8,564	$	275	$	—	$	105,392
Additions	54,185		652		—		29,395		84,232
Disposals(2)	(1,159)		—		—		—		(1,159)
Balance, end of period	149,579		9,216		275		29,395		188,465
Accumulated amortization	40,060		7,364		275		2,134		49,833
Net carrying amount, end of period	$	109,519	$	1,852	$	—	$	27,261	$	138,632

(2)For the year ended December 31, 2025, the Company recognized a net gain of $1.1 million on the sale of customer lists.


	2026
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Three Months Ended March 31,
Amortization expense	$	4,603	$	180	$	—	$	1,245	$	6,028



	2025
	Customer Lists		Computer Software		Non-Compete Agreements		Customer Relationship		Total
Three Months Ended March 31,
Amortization expense	$	3,031	$	176	$	3	$	—	$	3,210

Schedule of Future Amortization for Intangible Assets

The following table presents the future amortization for intangible assets as of March 31, 2026 (in thousands):


	Customer Lists		Computer Software		Customer Relationship
Remainder of 2026	$	15,280	$	535	$	3,736
2027	20,327		625		4,981
2028	20,297		438		4,981
2029	20,212		248		4,981
2030	19,822		129		4,981
Thereafter	37,672		9		2,356
Total	$	133,610	$	1,984	$	26,016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its consolidated subsidiaries are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The interim financial information is unaudited but reflects all normal adjustments that are necessary to provide a fair statement of results for the interim periods presented. Accordingly, these Condensed Consolidated Financial Statements should be read in conjunction with the Company’s audited Consolidated Financial Statements and the notes thereto for the year ended December 31, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 10, 2026 (the “Annual Report”). The Condensed Consolidated Balance Sheet as of December 31, 2025 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Use of Estimates	Use of Estimates The preparation of the Condensed Consolidated Financial Statements and notes thereto requires management to make estimates, judgments, and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and in the notes thereto. Such estimates and assumptions could change in the future as circumstances change or more information becomes available, which could affect the amounts reported and disclosed herein.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted Disaggregation of Income Statement Expense On November 4, 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Disaggregation of Income Statement Expense (DISE), that requires an entity to disclose in the footnote a tabular format that disaggregates relevant expense captions into the following natural expense categories: purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion. This guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application and early adoption is permitted. The Company is currently evaluating the impacts.
Fair Value Measurements	The Company measures certain assets and liabilities at fair value using the three-level hierarchy established under ASC Topic 820. There were no material changes to the Company’s fair value measurement policies during the three months ended March 31, 2026.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

+ Details

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2026
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Condensed Consolidated Financial Statements or in the Company’s tax returns. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Changes in deferred tax assets and liabilities are recorded in the provision for income taxes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent it believes, based upon the weight of available evidence, that it is more likely than not that all or a portion of the deferred tax assets will not be realized, a valuation allowance is established through a charge to income tax expense. Potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected and considering prudent and feasible tax planning strategies. Income tax expense was $1.1 million and $0.7 million for the three months ended March 31, 2026 and 2025, respectively. The estimated effective tax rate was 7.97% and 8.74% for the three months ended March 31, 2026 and 2025, respectively, which is different from the 21% statutory rate primarily because income tax expense is recognized only on the portion of earnings attributable to the Company in the periods following the consummation of the Reorganization Transactions. As of March 31, 2026 and December 31, 2025, the Company did not have any material uncertain tax positions.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

REVENUES (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the disaggregation of revenues by major source (in thousands):


	Three Months Ended March 31,
	2026		2025
Commission income	$	67,051	$	48,785
Contingent income	1,935		1,663
Fee income
Policy fees	1,403		1,051
Branch fees	1,321		1,256
License fees	529		608
TPA fees	95		96
Other income	507		364
Total revenues	$	72,841	$	53,823

The following table presents the disaggregation of revenues by offerings (in thousands):


	Three Months Ended March 31,
	2026		2025
Insurance Services
Agency-in-a-Box	$	39,008	$	35,996
Corporate Branches	10,790		8,223
TWFG MGA	22,534		9,195
Other	509		409
Total revenues	$	72,841	$	53,823

Schedule of Changes in Allowance for Expected Credit Losses

The following table provides a summary of changes in the Company’s allowance for expected credit losses
(in thousands):


	March 31, 2026		December 31, 2025
Beginning of period	$	888	$	415
Write-offs	—		—
Increase in provision	327		473
Decrease in provision	—		—
End of period	$	1,215	$	888

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 124,845	$ 155,926
Restricted cash	18,801	11,974
Commissions receivable, net	36,491	37,322
Accounts receivable	8,054	7,469
Other current assets, net	13,201	12,827
Total current assets	201,392	225,518
Non-current assets
Intangible assets, net	161,610	138,632
Property and equipment, net	3,459	3,307
Lease right-of-use assets, net	4,052	4,189
Other non-current assets	664	689
Total assets	371,177	372,335
Current liabilities
Commissions payable	18,841	15,168
Carrier liabilities	20,141	13,811
Operating lease liabilities	1,223	1,320
Short-term bank debt	1,987	1,972
Deferred acquisition payables	6,405	1,505
Other current liabilities	10,278	10,308
Total current liabilities	58,875	44,084
Non-current liabilities
Operating lease liabilities	2,815	2,897
Long-term bank debt	1,532	2,035
Deferred acquisition payables	1,522	6,669
Total liabilities	64,744	55,685
Commitment and contingencies (see Note 14)
Redeemable noncontrolling interest	21,407	17,901
Stockholders' Equity
Additional paid-in capital	44,006	59,951
Retained earnings	25,008	23,251
Accumulated other comprehensive income	26	30
Total stockholders' equity attributable to TWFG, Inc.	69,182	83,382
Noncontrolling interests	215,844	215,367
Total stockholders' equity	285,026	298,749
Total liabilities, redeemable noncontrolling interest, and equity	371,177	372,335
Class A Common Stock
Stockholders' Equity
Common stock	142	150
Class B Voting Stock
Stockholders' Equity
Common stock	0	0
Class C Voting Stock
Stockholders' Equity
Common stock	$ 0	$ 0

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Outstanding RSUs and Related Activity

Stock-based awards granted in the period include RSUs with service-based vesting conditions. Outstanding RSUs and related activity for the three months ended March 31, 2026 were as follows:


	Number of Awards	Weighted-Average Grant Date Fair Value
Unvested balance-December 31, 2025	185,184	$	20.90
Granted	101,400	18.39
Vested	(25,467)	18.39
Forfeited	(647)	30.91
Unvested balance-March 31, 2026	260,470	$	18.92

Schedule of Nonvested Performance-Based Units Activity

Outstanding PSUs and related activity for the three months ended March 31, 2026 were as follows:


	Number of Awards	Weighted-Average Grant Date Fair Value
Unvested balance-December 31, 2025	39,143	$	30.87
Granted	73,000	18.39
Vested	—	—
Forfeited	(647)	30.91
Unvested balance-March 31, 2026	111,496	$	22.68

STOCK-BASED COMPENSATION - Schedule of Outstanding RSUs and Related Activity (Details) - RSUs	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Number of Awards
Beginning balance (in shares) \| shares	185,184
Granted (in shares) \| shares	101,400
Vested (in shares) \| shares	(25,467)
Forfeited (in shares) \| shares	(647)
Ending balance (in shares) \| shares	260,470
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 20.90
Granted (in dollars per share) \| $ / shares	18.39
Vested (in dollars per share) \| $ / shares	18.39
Forfeited (in dollars per share) \| $ / shares	30.91
Ending balance (in dollars per share) \| $ / shares	$ 18.92

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

EARNINGS PER SHARE

For the three months ended March 31, 2026 and March 31, 2025, basic earnings per share has been calculated by dividing net earnings attributable to Class A common stockholders by the weighted average number of shares of Class A Common Stock outstanding for the same period. Shares of Class A Common Stock are weighted for the portion of the period in which the shares were outstanding. Diluted earnings per share has been calculated in a manner consistent with that of basic earnings per share while considering all potentially dilutive shares of Class A Common Stock outstanding during the periods.

The following tables set forth the computation of basic and diluted earnings per share for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share amounts):


	Three Months Ended March 31,
	2026		2025
Numerator:
Net income attributable to TWFG, Inc. (basic)	$	1,757	$	1,338

Plus: Income attributed to dilutive shares	12		13
Net income attributable to common stockholders (diluted)	$	1,769	$	1,351

Denominator:
Weighted average common stock outstanding (basic)	14,794,482		14,889,739
Effect of potentially dilutive securities:
RSUs	101,924		165,814
PSUs	882		—


Weighted average common stock outstanding (diluted)	14,897,288		15,055,553

Earnings per share
Basic	$	0.12	$	0.09
Diluted	$	0.12	$	0.09

Diluted earnings per share attributable to common stockholders adjusts the basic earnings per share attributable to common stockholders and the weighted average number of shares of common stock outstanding for the potential dilutive impact of potential common stock. Pursuant to the Reorganization Transactions, Class B Voting Stock and Class C Voting Stock are considered in the calculation of dilutive earnings per share on an if-converted basis as these classes of stock, together with the related LLC Units, have exchange rights into Class A Common Stock that could result in additional Class A Common Stock being issued. Net income attributable to the noncontrolling interests would be added back to net income in the fully dilutive computation and adjusted for income taxes which would have been expensed had the income been recognized by the Company, a taxable entity. All other potentially dilutive securities (such as unvested RSUs and PSUs) are determined based on the treasury stock method.




	Three Months Ended March 31,

	2026	2025

RSUs	37	51,160
PSUs	—	38,223
Class B Voting Stock	7,277,651	7,277,651
Class C Voting Stock	33,893,810	33,893,810
	41,171,498	41,260,844