TIPTREE INC. TIPT

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

At Tiptree, our mission is to build long-term value by allocating capital to select small and middle market companies across industries. We have a significant track record investing in the insurance and credit-related financial sectors. With proprietary access and a flexible capital base, we seek to uncover compelling investment opportunities and support management teams in unlocking the full value potential of their businesses. This investment philosophy, executed by our experienced leadership, is our hallmark and has delivered consistent risk-adjusted returns to our stockholders since 2007.

We acquire controlling interests and invest in businesses that we believe (i) operate in industries with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) offer scalable business models with embedded optionality, and (iv) have strong management teams. We believe that our patient capital approach and long-term outlook enhances the ability for our businesses to grow earnings and cash flows across market cycles.

Last close 16.29 2026-10-23
Market cap $612.0M 2026-03-31 share count
52-week range 15.49 - 19.33

Valuation FY2025 figures against the last close

P/S1,254.1x
P/E21.4x
P/FCF3.6x
EV/EBITDA—
Dividend yield1.5%
Diluted EPS0.76

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $488.0K$1.5M$2.1M$300.2M$258.6M$163.6M$89.0M$76.8M$66.2M$75.1M
SG&A —$42.6M$38.1M$26.2M$36.7M$22.3M$18.6M$16.2M$14.8M$14.6M
Total operating expenses $47.2M$41.8M$45.6M$1.34B$1.14B$849.2M$743.6M$645.6M$595.6M$477.5M
Operating income -$46.7M-$40.3M-$43.5M———————
Interest expense ——$27.7M$30.2M$37.7M$32.6M$27.1M$27.0M$25.6M$21.0M
Pre-tax income -$44.6M-$38.6M-$43.5M$54.0M$65.3M-$38.9M$29.1M-$19.8M-$3.3M$49.1M
Income tax $5.7M$6.2M$4.7M$50.5M$21.3M$13.6M$9.0M$5.9M$12.6M$12.5M
Net income $34.9M$53.4M$14.0M-$8.3M$38.1M-$29.2M$18.4M$23.9M$3.6M$25.3M
EPS, basic 0.931.440.38-0.231.13-0.860.520.69——
EPS, diluted 0.761.340.34-0.231.09-0.860.500.69——
Shares, diluted (wtd. avg.) 37.6M36.9M36.7M35.5M33.7M33.9M34.6M34.7M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $30.8M$19.4M$47.0M$135.3M$195.1M$195.3M$144.6M$96.5M$142.2M$74.3M
Short-term investments $21.7M$15.0M————————
Total current assets $54.8M$38.2M————————
Property, plant and equipment $6.3M$7.7M$29.6M$21.8M$14.9M$15.8M$12.3M$6.1M$4.3M$5.8M
Goodwill —$206.7M$206.2M$186.6M$179.1M$179.2M$99.1M$91.6M$91.6M$92.8M
Other intangibles —$102.9M$118.8M$117.0M$122.8M$138.2M$48.0M$52.1M$64.0M$73.7M
Total assets $6.84B$5.69B$5.14B$4.04B$3.60B$3.00B$2.20B$1.86B$1.99B$2.89B
Short-term debt $8.1M$0————————
Total current liabilities $29.1M$15.6M————————
Long-term debt $63.9M$0$402.4M$259.4M$393.3M$366.2M$374.5M$354.1M$346.1M$554.9M
Total liabilities $6.09B$5.04B$4.56B$3.51B$3.20B$2.62B$1.79B$1.47B$1.59B$2.50B
Retained earnings $121.6M$95.7M$60.7M$54.1M$68.1M$35.4M$70.2M$57.2M$38.1M$38.0M
Total equity $508.6M$457.7M$576.6M$533.6M$400.2M$373.5M$411.4M$399.3M$396.8M$390.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $168.2M$240.8M$71.5M$463.1M$204.3M$140.2M$23.7M$57.7M$46.9M$36.6M
Depreciation and amortisation $1.4M$1.5M$1.4M$23.0M$24.4M$17.6M$13.6M$12.6M$30.0M$28.5M
Stock-based compensation $11.3M$8.7M$6.2M$9.7M$11.1M$8.1M$6.4M$6.7M$6.8M$2.8M
Capital expenditure $0$33.0K$4.1M$10.7M$2.8M$6.7M$8.5M$3.7M$1.7M$1.5M
Investing cash flow -$202.0M-$323.0M-$244.7M$9.5M-$273.8M-$123.5M-$8.3M-$109.1M$212.8M-$314.3M
Financing cash flow $11.5M$6.3M$113.4M-$115.2M$73.7M$31.7M$36.9M-$2.0M-$194.4M$277.0M
Dividends paid $9.1M$18.3M$7.4M$7.8M$5.4M$5.6M$5.5M$4.8M$3.5M$3.2M
Buybacks —$0$0$1.7M$8.1M$13.9M$9.1M$14.1M$7.3M$43.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001393726-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 75.1M Net income, FY2016: 25.3M Revenue, FY2017: 66.2M Net income, FY2017: 3.6M Revenue, FY2018: 76.8M Net income, FY2018: 23.9M Revenue, FY2019: 89M Net income, FY2019: 18.4M Revenue, FY2020: 163.6M Net income, FY2020: -29.2M Revenue, FY2021: 258.6M Net income, FY2021: 38.1M Revenue, FY2022: 300.2M Net income, FY2022: -8.3M Revenue, FY2023: 2.1M Net income, FY2023: 14M Revenue, FY2024: 1.5M Net income, FY2024: 53.4M Revenue, FY2025: 488K Net income, FY2025: 34.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $75.1M $66.2M $76.8M $89.0M $163.6M $258.6M $300.2M $2.1M $1.5M $488.0K
Gross profit — — — — — — — — — —
Net income $25.3M $3.6M $23.9M $18.4M -$29.2M $38.1M -$8.3M $14.0M $53.4M $34.9M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Acquisition or disposal completed Item 2.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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