TIPT (Tiptree Inc.) Stock Financials & Earnings | Market Cap Arena

TIPT (Tiptree Inc.) Stock Financials & Earnings | Market Cap Arena

TIPTTiptree Inc.

Mkt Cap$624M

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

Revenue (TTM)$1.5B

Net Income (TTM)$35M

EPS (TTM)$0.76

Free Cash Flow (TTM)-$27M

Gross Margin-2.2%

Op. Margin6.9%

Net Margin2.3%

FCF Margin-1.8%

P/S Ratio (TTM)0.4x

P/E Ratio (TTM)17.9x

YoY Rev Growth-24.5%

Employees—

Earnings Reports

Next: Q1 2026 · Mar 11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$382M	$240M	$8M
Q2 23	$405M	$257M	$24M
Q3 23	$417M	$263M	$21M
Q4 23	$446M	$288M	$30M
Q1 24	$505M	$297M	$30M
Q2 24	$547M	$313M	$41M
Q3 24	$494M	$291M	$37M
Q4 24	$503M	$307M	$42M
Q1 25	$497M	$287M	$25M
Q2 25	$527M	$301M	$53M
Q3 25	$523M	$161M	$38M
Q4 25	$3K	-$782M	-$9M

Valuation

Quarter	P/S	P/E
Q1 23	0.4x	—
Q2 23	0.4x	31.2x
Q3 23	0.4x	78.5x
Q4 23	0.4x	44.7x
Q1 24	0.4x	25.9x
Q2 24	0.3x	20.2x
Q3 24	0.3x	15.3x
Q4 24	0.3x	11.7x
Q1 25	0.3x	12.5x
Q2 25	0.3x	11.1x
Q3 25	0.3x	12.3x
Q4 25	0.4x	17.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$43M	$38M
Q2 23	-$7M	-$13M
Q3 23	$57M	$56M
Q4 23	-$22M	-$24M
Q1 24	$63M	$62M
Q2 24	$47M	$46M
Q3 24	$61M	$61M
Q4 24	$70M	$68M
Q1 25	-$33M	-$34M
Q2 25	$21M	$20M
Q3 25	$135M	$133M
Q4 25	-$151M	-$146M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$5M
Q2 23	$7M
Q3 23	$922K
Q4 23	$2M
Q1 24	$787K
Q2 24	$906K
Q3 24	$536K
Q4 24	$2M
Q1 25	$1M
Q2 25	$1M
Q3 25	$2M
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+17.5%	+14.6%
Q2 23	+19.0%	+13.7%
Q3 23	+14.6%	+16.9%
Q4 23	+20.8%	+20.8%
Q1 24	+32.3%	+27.2%
Q2 24	+35.3%	+33.1%
Q3 24	+18.6%	+15.6%
Q4 24	+12.7%	+10.7%
Q1 25	-1.6%	-0.8%
Q2 25	-3.7%	-6.4%
Q3 25	+5.9%	+6.1%
Q4 25	-100.0%	-98.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.6%
Q2 23	$2M	0.5%
Q3 23	$2M	0.4%
Q4 23	$2M	0.5%
Q1 24	$4M	0.8%
Q2 24	$3M	0.6%
Q3 24	$6M	1.2%
Q4 24	$5M	0.9%
Q1 25	$9M	1.9%
Q2 25	$2M	0.4%
Q3 25	$6M	1.1%
Q4 25	-$6M	-191266.7%

OpEx Breakdown

Quarter	G&A
Q1 23	$62M
Q2 23	$65M
Q3 23	$66M
Q4 23	$69M
Q1 24	$73M
Q2 24	$71M
Q3 24	$74M
Q4 24	$76M
Q1 25	$81M
Q2 25	$80M
Q3 25	$89M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
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

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	37M	-1.7%
Q2 23	38M	+2.9%
Q3 23	38M	+0.3%
Q4 23	38M	+0.2%
Q1 24	38M	+0.1%
Q2 24	38M	-0.1%
Q3 24	38M	+0.2%
Q4 24	38M	+1.4%
Q1 25	38M	+0.2%
Q2 25	39M	+0.4%
Q3 25	39M	-0.1%
Q4 25	38M	-2.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$106K	761
FY 15	$422K	929
FY 16	$474K	1K
FY 17	$573K	1K
FY 18	$644K	972
FY 19	$758K	1K
FY 20	$591K	1K
FY 21	$816K	1K
FY 22	$1M	1K
FY 23	$1M	1K
FY 24	$1M	1K
FY 25	$17	30K