TIPT Q2 2020 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$612M

Q2 2020 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$199M+8.6% YoY

Gross Profit

$150M75.3% margin

Operating Income

$4M2.2% margin

Net Income

$4M1.9% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+53.6%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$33M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.1B

Stockholders' Equity

$336M

Cash & Equivalents

$81M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$199M	$183M	+8.6%
Gross Profit	$150M	$144M	+4.2%
Operating Income	$4M	$16M	-71.8%
Net Income	$4M	$12M	-67.5%

Revenue Segments

Warranty coverage revenue

$21M59%

Car club revenue

$9M25%

Vessels

$4M12%

Other contract revenue

$1M4%