Tiptree Inc Financials
This page shows Tiptree Inc (TIPT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Tiptree’s cash generation appears to come more from a liability-funded balance sheet than from core operating profit.
Across FY2024 and FY2025, operating cash flow stayed well above net income even while operating income remained negative; that combination usually means cash is being produced by how assets and liabilities turn over, not by a simple spread between revenue and operating costs. The balance-sheet side of that pattern matters because total liabilities reached$6.1B against only$508.6M of equity, so the business is funded mainly by obligations that a low reported debt ratio would not fully capture.
FY2025’s current ratio of 1.9x suggests near-term obligations are covered, but that should not be mistaken for a conservative capital structure: total assets were
Long-term debt was only
Financial Health Signals
We are recalculating Tiptree Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Tiptree Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Tiptree Inc generates $4.82 in operating cash flow ($168.2M OCF vs $34.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Tiptree Inc generated $488K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Tiptree Inc's EBITDA was -$45.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.6% from the prior year.
Tiptree Inc reported $34.9M in net income in fiscal year 2025. This represents a decrease of 34.6% from the prior year.
Tiptree Inc earned $0.76 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 43.3% from the prior year.
Cash & Balance Sheet
Tiptree Inc generated $168.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 30.1% from the prior year.
Tiptree Inc held $30.8M in cash against $63.9M in long-term debt as of fiscal year 2025.
Tiptree Inc paid $0.24 per share in dividends in fiscal year 2025. This represents a decrease of 51.0% from the prior year.
Tiptree Inc had 38M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Margins & Returns
Tiptree Inc's operating margin was -9574.6% in fiscal year 2025, reflecting core business profitability. This is down 9562.8 percentage points from the prior year.
Tiptree Inc's net profit margin was 7157.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7141.5 percentage points from the prior year.
Tiptree Inc's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.8 percentage points from the prior year.
Capital Allocation
Tiptree Inc invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
TIPT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | N/A | $540.3M+2.2% | $528.8M+541.8% | $82.4M | N/A | $494.4M-9.6% | $546.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.8M | N/A | $11.5M-8.3% | $12.6M+19.3% | $10.6M | N/A | $11.0M+6.7% | $10.3M |
| Operating Income | -$9.0M | N/A | N/A | N/A | -$12.6M | N/A | N/A | N/A |
| Interest Expense | $1.9M | N/A | $10.7M-1.6% | $10.9M+4.8% | $10.4M | N/A | $7.6M-5.0% | $8.0M |
| Income Tax | -$1.2M | N/A | $22.7M+4.9% | $21.6M+1446.3% | -$1.6M | N/A | $16.3M-12.7% | $18.7M |
| Net Income | $14.2M | N/A | $6.4M-66.1% | $19.0M+236.5% | $5.6M | N/A | $11.9M-7.3% | $12.9M |
| EPS (Diluted) | $0.34 | N/A | $0.13-64.9% | $0.37+184.6% | $0.13 | N/A | $0.29-6.5% | $0.31 |
TIPT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.0B+1.9% | $6.8B+6.6% | $6.4B+4.4% | $6.1B+5.6% | $5.8B+2.2% | $5.7B+3.4% | $5.5B+3.8% | $5.3B |
| Current Assets | $36.3M-33.9% | $54.8M | N/A | N/A | N/A | $38.2M | N/A | N/A |
| Cash & Equivalents | $33.4M+8.5% | $30.8M-91.6% | $366.1M-4.6% | $383.8M+12.1% | $342.3M+1661.0% | $19.4M-95.1% | $396.2M-20.3% | $497.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $109.5M-5.6% | $116.0M-1.0% | $117.2M-15.2% | $138.2M-0.5% | $138.9M-4.6% | $145.6M |
| Goodwill | N/A | N/A | $207.8M+0.1% | $207.7M+0.6% | $206.5M-0.1% | $206.7M-0.9% | $208.6M+1.3% | $206.0M |
| Total Liabilities | $6.2B+2.1% | $6.1B+7.3% | $5.7B+4.6% | $5.4B+5.6% | $5.1B+1.9% | $5.0B+3.9% | $4.8B+3.5% | $4.7B |
| Current Liabilities | $27.9M-4.0% | $29.1M | N/A | N/A | N/A | $15.6M | N/A | N/A |
| Long-Term Debt | $64.1M+0.3% | $63.9M-87.4% | $507.6M+2.9% | $493.0M-0.5% | $495.3M | $0-100.0% | $388.5M+0.3% | $387.3M |
| Total Equity | $504.3M-0.8% | $508.6M+0.7% | $505.2M+1.1% | $499.8M+5.5% | $473.7M+3.5% | $457.7M-0.9% | $461.9M+5.8% | $436.4M |
| Retained Earnings | $133.6M+9.9% | $121.6M+1.4% | $119.9M+3.6% | $115.8M+16.9% | $99.1M+3.5% | $95.7M+9.0% | $87.8M+12.4% | $78.1M |
TIPT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.2M-140.5% | $44.9M-66.9% | $135.4M+537.2% | $21.3M+163.8% | -$33.3M-147.6% | $70.0M+14.3% | $61.2M+30.6% | $46.9M |
| Capital Expenditures | N/A | -$4.4M-312.4% | $2.1M+73.2% | $1.2M+5.7% | $1.1M+151.0% | -$2.2M-509.7% | $536K-40.8% | $906K |
| Free Cash Flow | N/A | $40.5M-69.6% | $133.4M+564.7% | $20.1M+158.3% | -$34.4M-150.8% | $67.8M+11.7% | $60.7M+32.0% | $46.0M |
| Investing Cash Flow | -$17.8M+77.5% | -$79.1M+40.5% | -$133.0M-572.5% | $28.1M+255.7% | -$18.1M+89.8% | -$176.8M-7.3% | -$164.8M-652.2% | -$21.9M |
| Financing Cash Flow | $16.0M+134.3% | -$46.6M-1407.0% | $3.6M+152.3% | -$6.8M-111.1% | $61.3M+152.6% | $24.3M+892.5% | -$3.1M+86.6% | -$22.9M |
| Dividends Paid | $2.3M+190.5% | -$2.5M-164.9% | $3.9M-29.2% | $5.5M+141.0% | $2.3M-66.5% | $6.7M+76.6% | $3.8M-2.7% | $3.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TIPT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -2306.9% | N/A | N/A | N/A | -15.3% | N/A | N/A | N/A |
| Net Margin | 3652.8% | N/A | 1.2%-2.4pp | 3.6%-3.3pp | 6.8% | N/A | 2.4%+0.1pp | 2.4% |
| Return on Equity | 2.8% | N/A | 1.3%-2.5pp | 3.8%+2.6pp | 1.2% | N/A | 2.6%-0.4pp | 2.9% |
| Return on Assets | 0.2% | N/A | 0.1%-0.2pp | 0.3%+0.2pp | 0.1% | N/A | 0.2%-0.0pp | 0.2% |
| Current Ratio | 1.30-0.6 | 1.88 | N/A | N/A | N/A | 2.45 | N/A | N/A |
| Debt-to-Equity | 0.130.0 | 0.13-0.9 | 1.00+0.0 | 0.99-0.1 | 1.05+1.0 | 0.00-0.8 | 0.84-0.0 | 0.89 |
| FCF Margin | N/A | N/A | 24.7%+20.9pp | 3.8%+45.6pp | -41.8% | N/A | 12.3%+3.9pp | 8.4% |
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Frequently Asked Questions
What is Tiptree Inc's annual revenue?
Tiptree Inc (TIPT) reported $488K in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tiptree Inc's revenue growing?
Tiptree Inc (TIPT) revenue declined by 99.9% year-over-year, from $341.5M to $488K in fiscal year 2025.
Is Tiptree Inc profitable?
Yes, Tiptree Inc (TIPT) reported a net income of $34.9M in fiscal year 2025, with a net profit margin of 7157.2%.
What is Tiptree Inc's EBITDA?
Tiptree Inc (TIPT) had EBITDA of -$45.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tiptree Inc have?
As of fiscal year 2025, Tiptree Inc (TIPT) had $30.8M in cash and equivalents against $63.9M in long-term debt.
What is Tiptree Inc's operating margin?
Tiptree Inc (TIPT) had an operating margin of -9574.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tiptree Inc's net profit margin?
Tiptree Inc (TIPT) had a net profit margin of 7157.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Tiptree Inc pay dividends?
Yes, Tiptree Inc (TIPT) paid $0.24 per share in dividends during fiscal year 2025.
What is Tiptree Inc's return on equity (ROE)?
Tiptree Inc (TIPT) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tiptree Inc's free cash flow?
Tiptree Inc (TIPT) generated $168.2M in free cash flow during fiscal year 2025. This represents a -30.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tiptree Inc's operating cash flow?
Tiptree Inc (TIPT) generated $168.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tiptree Inc's total assets?
Tiptree Inc (TIPT) had $6.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tiptree Inc's capital expenditures?
Tiptree Inc (TIPT) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tiptree Inc's current ratio?
Tiptree Inc (TIPT) had a current ratio of 1.88 as of fiscal year 2025, which is generally considered healthy.
What is Tiptree Inc's debt-to-equity ratio?
Tiptree Inc (TIPT) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tiptree Inc's return on assets (ROA)?
Tiptree Inc (TIPT) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tiptree Inc's Piotroski F-Score?
Tiptree Inc (TIPT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tiptree Inc's earnings high quality?
Tiptree Inc (TIPT) has an earnings quality ratio of 4.82x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.