TIPT Q2 2024 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$624M

Q2 2024 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$547M+35.3% YoY

Gross Profit

$313M57.3% margin

Operating Income

$41M7.4% margin

Net Income

$13M2.3% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+8.5%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

$46M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.7B

Stockholders' Equity

$436M

Cash & Equivalents

$497M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$547M	$405M	+35.3%
Gross Profit	$313M	$257M	+22.1%
Operating Income	$41M	$24M	+71.7%
Net Income	$13M	$6M	+114.6%

Revenue Segments

Service and Administrative Fees

$181M50%

Service Contract Revenue

$157M43%

Motor Club Revenue

$23M6%

Other Contract Revenue

$2M0%