TIPT Q3 2023 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$624M

Q3 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$417M+14.6% YoY

Gross Profit

$263M63.0% margin

Operating Income

$21M5.1% margin

Net Income

$2M0.5% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$56M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$4.3B

Stockholders' Equity

$396M

Cash & Equivalents

$515M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$417M	$363M	+14.6%
Gross Profit	$263M	$242M	+8.4%
Operating Income	$21M	$25M	-15.9%
Net Income	$2M	$14M	-84.9%

Revenue Segments

Service Contract Revenue

$211M85%

Motor Club Revenue

$35M14%

Other contract revenue

$919,0000%