TIPTTiptree Inc.

$624M

Q1 2024 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$505M+32.3% YoY

Gross Profit

$297M58.9% margin

Operating Income

$30M5.9% margin

Net Income

$9M1.8% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+13.1%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$62M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$4.6B

Stockholders' Equity

$425M

Cash & Equivalents

$475M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$505M	$382M	+32.3%
Gross Profit	$297M	$240M	+23.8%
Operating Income	$30M	$8M	+263.4%
Net Income	$9M	-$1M	+952.2%

Revenue Segments

Service and Administrative Fees

$93M50%

Service Contract Revenue

$81M43%

Motor Club Revenue

$12M6%

Other contract revenue

$958,0001%

TIPT Q1 2024 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena