TWFG revenue surges 35% on Florida MGA deal; launches $50M buyback, deploys $16.6M in Q1

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 13, 2025 · ~1 min read

Key Changes

• high

  Revenue jumped 35% to $72.8M in Q1 2026 (vs 17% growth prior year), driven by $12.9M contribution from TWFG MGA FL acquisition completed mid-2025. Net income doubled to $13.1M as adjusted EBITDA margin expanded to 29.1% from 22.6%.

  MD&A: Financial Results verify on EDGAR →
• high

  Board authorized $50M share repurchase program in February 2026; company bought back 872,397 shares for $16.6M by quarter-end (avg $18.96/share), leaving $33.3M remaining. Signals management confidence and shift toward capital returns.

  Controls & MD&A: Capital Allocation verify on EDGAR →
• medium

  Cash declined from $196.4M (Q1 2025) to $124.8M (Q1 2026) after deploying $29M for acquisitions, $16.6M for buybacks, and $7.3M in distributions. Operating cash flow of $22.7M partially offset outflows; $50M revolver remains undrawn.

  MD&A: Liquidity verify on EDGAR →