TIPT Q1 2021 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$612M

Q1 2021 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$295M+127.3% YoY

Gross Profit

$228M77.2% margin

Operating Income

$39M13.4% margin

Net Income

$29M9.7% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+12.6%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$27M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.7B

Stockholders' Equity

$378M

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$295M	$130M	+127.3%
Gross Profit	$228M	$69M	+230.7%
Operating Income	$39M	-$82M	+148.2%
Net Income	$29M	-$60M	+147.6%

Revenue Segments

Warranty coverage revenue

$33M62%

Car club revenue

$9M17%

Vessels

$6M11%

Other contract revenue

$5M10%