TWFG: the balance sheet

MyFinsight

For the year ending 2025-12-31, TWFG has $372,335K in assets. $55,685K in debts. $155,926K in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	155,926
Restricted cash	11,974
Commissions receivable, net	37,322
Accounts receivable	7,469
Other current assets, net	12,827
Total current assets	225,518
Balance, end of period	188,465
Accumulated amortization	49,833
Intangible assets, net	138,632
Property and equipment, net	3,307
Lease right-of-use assets, net	4,189
Other non-current assets	689
Total assets	372,335

Commissions payable	15,168
Carrier liabilities	13,811
Operating lease liabilities	1,320
Short-term bank debt	1,972
Deferred acquisition payables	1,505
Other current liabilities	10,308
Total current liabilities	44,084
Operating lease liabilities	2,897
Long-term bank debt	2,035
Deferred acquisition payables	6,669
Other non-current liabilities	0
Total liabilities	55,685
Redeemable noncontrolling interest	17,901
Common stock-Common Class A	150
Common stock-Common Class B	0
Common stock-Common Class C	0
Additional paid-in capital	59,951
Retained earnings	23,251
Accumulated other comprehensive income	30
Total stockholders' equity attributable to twfg, inc	83,382
Noncontrolling interests	215,367
Total stockholders' equity	298,749
Total liabilities, redeemable noncontrolling interest, and equity	372,335

Unit: Thousand (K) dollars (except for numbers of shares and EPS).