TIPT Q3 2024 Earnings — Tiptree Inc. Revenue & Financial Results | Market Cap Arena

TIPTTiptree Inc.

$624M

Q3 2024 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$494M+18.6% YoY

Gross Profit

$291M58.8% margin

Operating Income

$37M7.4% margin

Net Income

$12M2.4% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

-9.7%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

$61M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$4.8B

Stockholders' Equity

$462M

Cash & Equivalents

$396M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$494M	$417M	+18.6%
Gross Profit	$291M	$263M	+10.7%
Operating Income	$37M	$21M	+74.0%
Net Income	$12M	$2M	+453.4%

Revenue Segments

Service and Administrative Fees

$264M50%

Service Contract Revenue

$228M43%

Motor Club Revenue

$33M6%

Other Contract Revenue

$3M1%