Tiptree Inc.
Financial ServicesNASDAQ:TIPT · NASDAQ Capital Market
+$0.10 today
Vol 0.14M · Avg 0.30M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.1B of revenue converted into $30.3M of net income for the selected period. Gross margin is 72.0% and net margin is 3737.6%, showing how much revenue survives after costs and taxes. EPS is $0.90, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M -99.9% | $2.0B +23.9% | $1.6B +18.0% | $1.4B +16.4% | $1.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $33.8M -96.0% | $841.2M +39.8% | $601.8M +33.0% | $452.6M +38.4% | $327.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.6M -99.8% | $1.2B +14.7% | $1.0B +10.8% | $945.1M +8.2% | $873.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 100.0% +41.2pp | 58.8% -4.7pp | 63.5% -4.1pp | 67.6% -5.1pp | 72.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $33.8M -88.5% | $293.8M +12.4% | $261.3M +3.2% | $253.1M -12.2% | $288.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $47.2M -95.5% | $1.1B +9.1% | $964.2M +8.2% | $891.1M +10.3% | $808.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.4M -93.3% | $21.7M -7.7% | $23.5M +2.1% | $23.0M -6.0% | $24.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$43.2M -121.2% | $203.2M +51.4% | $134.2M +25.2% | $107.2M -15.9% | $127.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -1685.7% -1695.7pp | 9.9% +1.8pp | 8.1% +0.5pp | 7.7% -2.9pp | 10.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$44.6M -129.9% | $149.3M +79.8% | $83.1M +53.8% | $54.0M -17.3% | $65.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -1742.3% -1749.6pp | 7.3% +2.3pp | 5.0% +1.2pp | 3.9% -1.6pp | 5.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $62.5M +19.4% | $52.4M +43.6% | $36.5M +1.6% | $35.9M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 -100.0% | $32.2M +16.5% | $27.7M -8.4% | $30.2M -19.7% | $37.7M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$44.6M -129.9% | $149.3M +79.8% | $83.1M +53.8% | $54.0M -17.3% | $65.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -1742.3% -1749.6pp | 7.3% +2.3pp | 5.0% +1.2pp | 3.9% -1.6pp | 5.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$5.7M -109.2% | $61.7M +43.2% | $43.1M -14.7% | $50.5M +137.0% | $21.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$38.9M -172.9% | $53.4M +282.5% | $14.0M +268.6% | -$8.3M -121.7% | $38.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | -1520.0% -1522.6pp | 2.6% +1.8pp | 0.8% +1.4pp | -0.6% -3.8pp | 3.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -35.4% | $1 +323.5% | $0 +247.8% | -$0 -120.0% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -41.5% | $1 +293.9% | $0 +243.5% | -$0 -120.4% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $37.6M +1.9% | $36.9M +0.5% | $36.7M +3.3% | $35.5M +6.9% | $33.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $37.6M -1.0% | $37.9M +0.8% | $37.6M +5.9% | $35.5M +5.5% | $33.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Oppenheimer Holdings Inc.
NYSE:OPY
$1.10B
Employers Holdings, Inc.
NYSE:EIG
$1.02B
Horizon Bancorp, Inc.
NASDAQ:HBNC
$1.01B
Metropolitan Bank Holding Corp.
NYSE:MCB
$1.01B
TrustCo Bank Corp NY
NASDAQ:TRST
$965.48M
NB Bancorp, Inc. Common Stock
NASDAQ:NBBK
$855.78M
HomeTrust Bancshares, Inc.
NYSE:HTB
$805.48M
Heritage Insurance Holdings, Inc.
NYSE:HRTG
$681.36M
Donegal Group Inc.
NASDAQ:DGICA
$645.38M
AMERISAFE, Inc.
NASDAQ:AMSF
$589.73M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does TIPT generate?
Tiptree Inc. (TIPT) reported $2.56M of revenue in fiscal 2025.
Is TIPT profitable?
Tiptree Inc. (TIPT) reported -$38,911,000.00 of net income, with a net margin of -1520.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.