TIPT Q2 2023 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$624M

Q2 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$405M+19.0% YoY

Gross Profit

$257M63.5% margin

Operating Income

$24M5.9% margin

Net Income

$6M1.5% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$13M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$4.1B

Stockholders' Equity

$402M

Cash & Equivalents

$372M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$405M	$340M	+19.0%
Gross Profit	$257M	$235M	+9.2%
Operating Income	$24M	$5M	+392.5%
Net Income	$6M	-$22M	+126.7%

Revenue Segments

Service and Administrative Fees

$85M50%

Service Contract Revenue

$73M43%

Motor Club Revenue

$12M7%