TIPT

MKT CAP:$648M

Tiptree Inc.

Market Cap

$648M

Financial Services·Insurance - Specialty·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$17.14-$0.90 (-4.99%)

Apr 21, 2026

Company Details

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche commercial and personal lines ins...

CEO

Michael Gene Barnes

IPO Date

Oct 15, 2010

Website

www.tiptreeinc.com

Key Metrics TTM

Revenue

$1.6B

— YoY

Net Income

-$10M

EPS (Diluted)

-$0.31

Free Cash Flow

$384M

Revenue / Share

$41.89

Gross Margin

64.3%

Operating Margin

4.4%

Net Margin

-0.6%

FCF Margin

24.3%

P/S

0.4x

P/E

—

Earnings Reports

Q3 2024

Apr 29, 2026

PENDING

FY 2025

Mar 9, 2026

$488.0KEPS $0.76

Q2 2024

Jul 31, 2024

$547MEPS $0.31

Q4 2022

Mar 8, 2023

$369MEPS $0.02

Q2 2022

Aug 8, 2022

$340MEPS -$0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$325M	$220M	-$952.0K
Q2 22	$340M	$235M	$5M
Q4 22	$369M	$247M	$25M
Q2 24	$547M	$313M	$41M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q4 22	—	—
Q2 24	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$149M	$149M
Q2 22	$135M	$133M
Q4 22	$62M	$57M
Q2 24	$47M	$46M

Capital Expenditures

Quarter	CapEx
Q1 22	$535.0K
Q2 22	$3M
Q4 22	$5M
Q2 24	$906.0K

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$2M	0.5%
Q2 24	$3M	0.6%

OpEx Breakdown

Quarter	G&A
Q1 22	$71M
Q2 22	$69M
Q4 22	$57M
Q2 24	$71M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$178M	$568M	$746M
Q2 22	$338M	$606M	$944M
Q3 22	$503M	$584M	$1.1B
Q4 22	$538M	$612M	$1.2B
Q1 23	$412M	$810M	$1.2B
Q2 23	$372M	$361M	$734M
Q3 23	$515M	$271M	$785M
Q4 23	$469M	$803M	$1.3B
Q1 24	$475M	$134M	$608M
Q2 24	$497M	$134M	$632M
Q3 24	$396M	$282M	$678M
Q4 24	$320M	$1.1B	$1.4B
Q1 25	$342M	$272M	$614M
Q2 25	$384M	$351M	$734M
Q3 25	$366M	$1.3B	$1.7B
Q4 25	$31M	$22M	$52M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	34M	—	—
Q2 22	35M	+2.9%	—
Q4 22	37M	+5.5%	—
Q2 24	38M	+1.6%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$220.7K	1K
Q2 22	$230.9K	1K
Q4 22	$283.3K	1K
Q2 24	$419.8K	1K

Revenue / Employee