TIPT Q3 2021 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$612M

Q3 2021 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$287M+27.9% YoY

Gross Profit

$206M71.8% margin

Operating Income

$4M1.3% margin

Net Income

$2M0.7% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

$40M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$385M

Cash & Equivalents

$150M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$287M	$224M	+27.9%
Gross Profit	$206M	$166M	+23.7%
Operating Income	$4M	$14M	-74.2%
Net Income	$2M	$13M	-84.3%

Revenue Segments

Warranty coverage revenue

$43M63%

Vessels

$11M17%

Car club revenue

$11M16%

Other contract revenue

$3M5%