TIPT Q1 2023 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$624M

Q1 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$382M+17.5% YoY

Gross Profit

$240M62.9% margin

Operating Income

$8M2.1% margin

Net Income

-$1M-0.3% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$38M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$3.8B

Stockholders' Equity

$401M

Cash & Equivalents

$412M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$382M	$325M	+17.5%
Gross Profit	$240M	$220M	+8.8%
Operating Income	$8M	-$952,000	+958.5%
Net Income	-$1M	-$960,000	-10.6%

Revenue Segments

Service and Administrative Fees

$76M50%

Service Contract Revenue

$63M41%

Motor Club Revenue

$13M8%

Other contract revenue

$2M1%