TWFG Inc. (Class A) (TWFG) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Per the Roarable RQD rating, TWFG scores 69 out of 100, a C+ grade, with the verdict "Roarable Hold — Upper Neutral / Watch for Breakout." Across the five pillars, the fundamental cash engine scores highest at 18 of 20, citing ROIC of 39.8% and an FCF yield of 3.62%, which suggests the operating business generates strong returns on capital relative to the amount invested in it. Insider conviction scores 15 of 20, reflecting SEC Form 4 and Congressional PTR cluster flow. Whale/13F flow scores 13 of 20 for institutional accumulation and options positioning. Macro regime fit also scores 13 of 20, with a beta of 1.0 and noted sector sensitivity. The forensic balance sheet scores lowest at 10 of 20, citing an Altman Z-Score of 2.5, a Piotroski F-Score of 4/9, and a Debt/Equity ratio of 0.5. For a prospective investor, the profile implies a business with strong capital efficiency that is held back by weaker forensic balance-sheet signals and mixed flow indicators, which is consistent with the rating's "Hold" posture rather than a conviction call in either direction. The stock's current price sits near the upper portion of its 52-week range, so any upside case would depend on the Q3 2026 results and whether institutional and insider flow strengthens, while valuation tradeoffs are reflected in the EV/EBITDA of 35.2 per the market data.

Per the SEC financials, revenue rose from $172.0M in FY 2023 to $248.5M in FY 2025, and operating income rose from $25.4M to $37.0M over the same span. Net income was $0.0M in FY 2025 and $2.7M in FY 2024. Per the market data, the operating margin is 14.9%, while gross and net margins are reported as 0%. ROIC is 39.8%. The Altman Z-Score is 2.5 and the Piotroski F-Score is 4/9, per the Roarable RQD rating. Debt was $2.0M at FY 2025 against cash of $155.9M.

Per the recent news and catalysts section, the most prominent item is a headline that TWFG will announce its third-quarter 2026 financial results on Wednesday, November 4, 2026, flagged YELLOW under MARKET WIRE. Other headlines from the same feed are flagged YELLOW under MARKET WIRE and reference market action, institutional positioning, and fundamental catalysts. The single RISK WATCH item, flagged RED, is a MarketBeat report that the stock fell 4.9%. A Quiver Quantitative report notes the stock was down 8% on the day. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies, butterfly links, or proprietary signals are mapped for TWFG. Sector correlation data is not available in source data. For a prospective investor, the practical 2nd-order watch item is the Q3 2026 earnings release, since the source data contains no supply-chain linkages through which other events could transmit to the company.

• What are the company's EPS and P/E figures, given that the source data marks trailing and forward P/E and TTM EPS as unavailable?
• What drove the net income figure of $0.0M in FY 2025 despite operating income of $37.0M?
• Which specific products and customers generate TWFG's revenue?
• What do the Q3 2026 results, scheduled for November 4, 2026, show relative to prior periods?
• What is the composition of the institutional and insider holder base, given that holders data is absent?