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Tiptree Financial (TIPT) Financials

Tiptree Financial logo
$17.67 +0.20 (+1.14%)
Closing price 06/5/2026 04:00 PM Eastern
Extended Trading
$17.67 0.00 (0.00%)
As of 06/5/2026 05:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Tiptree Financial

Annual Income Statements for Tiptree Financial

This table shows Tiptree Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -1.71 5.78 25 7.21 24 18 -29 38 -8.27 14 53
Consolidated Net Income / (Loss)		 4.58 8.80 90 26 30 20 -25 44 3.56 40 88
Net Income / (Loss) Continuing Operations		 -3.35 -2.15 37 9.23 -14 20 -25 44 3.56 40 88
Total Pre-Tax Income 		0.79 -2.90 49 -3.33 -20 29 -39 65 54 83 149
Total Revenue		 80 385 506 567 599 746 778 1,163 1,368 1,621 2,011
Net Interest Income / (Expense)		 0.00 0.00 -21 -26 -7.83 -13 -23 -20 -18 -1.02 0.73
Total Interest Income		 0.00 0.00 0.00 0.00 19 14 9.92 18 12 27 33
Investment Securities Interest Income		 - - - - 19 14 9.92 18 12 27 33
Total Interest Expense		 0.00 0.00 21 26 27 27 33 38 30 28 32
Long-Term Debt Interest Expense		 - - 21 26 27 27 33 38 30 28 32
Total Non-Interest Income		 80 385 527 592 607 759 800 1,183 1,386 1,622 2,010
Trust Fees by Commissions		 - - 25 8.77 9.65 9.61 21 12 14 15 15
Service Charges on Deposit Accounts		 - - 109 95 102 106 187 261 321 396 405
Other Service Charges		 32 182 63 53 38 60 52 73 76 59 67
Net Realized & Unrealized Capital Gains on Investments		 15 37 100 64 29 84 62 151 70 25 51
Premiums Earned		 13 166 229 372 428 499 478 686 905 1,128 1,472
Total Non-Interest Expense		 99 395 436 570 619 717 817 1,097 1,314 1,538 1,861
Salaries and Employee Benefits		 37 195 263 358 376 433 453 604 705 782 853
Other Operating Expenses		 50 156 93 74 230 270 346 469 585 733 986
Depreciation Expense		 12 31 14 14 13 14 18 24 23 23 22
Income Tax Expense		 4.14 -0.75 13 -13 -5.91 9.02 -14 21 50 43 62
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 14 3.26 5.95 1.76 3.93 5.92 12 26 34
Basic Earnings per Share		 - - $0.79 $0.12 $0.69 $0.52 ($0.86) $1.13 ($0.23) $0.38 $1.44
Weighted Average Basic Shares Outstanding		 17.10M 33.20M 31.72M 29.13M 34.72M 34.58M 33.86M 33.22M 35.53M 36.69M 36.87M
Diluted Earnings per Share		 - - $0.78 $0.11 $0.69 $0.50 ($0.86) $1.09 ($0.23) $0.33 $1.30
Weighted Average Diluted Shares Outstanding		 17.10M 33.20M 31.77M 37.31M 34.72M 34.58M 33.86M 33.69M 35.53M 37.62M 37.93M
Weighted Average Basic & Diluted Shares Outstanding		 17.10M 33.20M 31.72M 29.13M 34.51M 34.43M 32.54M 34.39M 36.73M 36.76M 37.26M
Cash Dividends to Common per Share		 - - $0.10 $0.12 $0.14 $0.16 $0.16 $0.16 $0.16 $0.20 $0.49

Quarterly Income Statements for Tiptree Financial

This table shows Tiptree Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -1.06 5.99 2.15 6.87 9.05 13 12 20 5.64 19 6.42
Consolidated Net Income / (Loss)		 3.15 12 8.87 16 16 22 20 29 13 31 16
Net Income / (Loss) Continuing Operations		 3.15 12 8.87 16 16 22 20 29 13 31 16
Total Pre-Tax Income 		8.17 24 21 30 30 41 37 42 25 53 38
Total Revenue		 375 397 410 439 490 539 487 495 487 518 530
Net Interest Income / (Expense)		 -1.36 2.04 -1.30 -0.41 -1.53 -1.63 1.50 2.40 1.37 -0.36 -3.29
Total Interest Income		 5.11 9.09 5.42 7.06 6.76 6.38 9.11 11 12 11 7.40
Investment Securities Interest Income		 5.11 9.09 5.42 7.06 6.76 6.38 9.11 11 12 11 7.40
Total Interest Expense		 6.47 7.04 6.72 7.47 8.29 8.02 7.61 8.33 10 11 11
Long-Term Debt Interest Expense		 6.47 7.04 6.72 7.47 8.29 8.02 7.61 8.33 10 11 11
Total Non-Interest Income		 377 395 411 439 491 540 485 493 486 518 533
Trust Fees by Commissions		 3.65 4.68 2.44 4.15 2.74 5.07 3.72 3.86 3.63 3.54 3.48
Service Charges on Deposit Accounts		 92 98 100 106 110 106 95 93 97 97 96
Other Service Charges		 13 14 16 16 15 18 18 15 14 15 15
Net Realized & Unrealized Capital Gains on Investments		 2.18 8.83 1.46 12 16 13 8.32 14 6.83 21 35
Premiums Earned		 265 270 291 301 347 398 359 367 363 382 384
Total Non-Interest Expense		 367 374 389 409 460 498 450 453 462 465 491
Salaries and Employee Benefits		 187 187 199 208 206 223 206 218 207 195 207
Other Operating Expenses		 174 181 183 194 249 270 238 230 250 265 279
Depreciation Expense		 5.25 5.88 6.35 5.99 5.57 5.29 5.40 5.40 4.88 4.92 5.26
Income Tax Expense		 5.02 12 12 14 14 19 16 13 12 22 23
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.21 5.86 6.72 9.26 6.83 9.12 8.56 9.79 7.33 12 9.19
Basic Earnings per Share		 ($0.03) $0.16 $0.06 $0.19 $0.24 $0.35 $0.32 $0.53 $0.15 $0.50 $0.17
Weighted Average Basic Shares Outstanding		 36.52M 36.74M 36.75M 36.69M 36.77M 36.79M 36.79M 36.87M 37.35M 37.50M 37.57M
Diluted Earnings per Share		 ($0.03) $0.16 $0.04 $0.16 $0.22 $0.31 $0.29 $0.48 $0.13 $0.37 $0.13
Weighted Average Diluted Shares Outstanding		 36.52M 37.59M 37.68M 37.62M 37.78M 37.75M 37.82M 37.93M 38.45M 38.62M 38.58M
Weighted Average Basic & Diluted Shares Outstanding		 36.74M 36.75M 36.75M 36.76M 36.79M 36.79M 37.06M 37.26M 37.50M 37.50M 37.82M
Cash Dividends to Common per Share		 $0.05 $0.05 $0.05 $0.05 $0.06 $0.06 $0.06 $0.31 $0.06 $0.06 $0.06

Annual Cash Flow Statements for Tiptree Financial

This table details how cash moves in and out of Tiptree Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -39 16 -0.70 65 -53 52 48 4.29 356 -58 -76
Net Cash From Operating Activities		 24 -9.46 37 47 58 24 140 204 463 71 241
Net Cash From Continuing Operating Activities		 7.60 -6.58 37 47 58 24 140 204 463 71 241
Net Income / (Loss) Continuing Operations		 19 12 58 5.23 30 20 -25 44 3.56 40 88
Consolidated Net Income / (Loss)		 11 12 58 5.23 30 20 -25 44 3.56 40 88
Depreciation Expense		 12 47 29 30 13 14 18 24 23 23 22
Amortization Expense		 0.70 4.04 3.42 4.09 1.96 1.88 3.24 4.55 2.32 -6.43 -4.79
Non-Cash Adjustments to Reconcile Net Income		 8.69 -40 -51 12 -17 -74 56 -70 260 53 43
Changes in Operating Assets and Liabilities, net		 -11 -30 -1.59 -5.88 30 63 89 201 174 -39 93
Net Cash From Investing Activities		 -570 -218 -314 213 -109 -8.33 -123 -274 9.51 -245 -323
Net Cash From Continuing Investing Activities		 -567 -218 -314 213 -109 -8.33 -123 -274 9.51 -245 -323
Purchase of Property, Leasehold Improvements and Equipment		 -19 -23 -64 -39 -3.75 -8.52 -6.69 -2.76 -11 -14 -4.03
Purchase of Investment Securities		 -1,185 -493 -453 -349 -359 -461 -1,562 -1,508 -1,327 -1,645 -1,063
Sale and/or Maturity of Investments		 635 167 247 586 238 443 1,445 1,237 1,347 1,414 744
Net Cash From Financing Activities		 507 244 277 -194 -2.00 37 32 74 -115 113 6.29
Net Cash From Continuing Financing Activities		 514 244 277 -194 -2.00 37 32 74 -115 113 6.29
Issuance of Debt		 828 1,443 2,085 1,858 1,632 2,237 3,380 4,084 2,365 1,432 1,236
Issuance of Common Equity		 - - 3.34 - - - 0.00 0.00 19 0.00 0.00
Repayment of Debt		 -809 -1,193 -1,961 -1,826 -1,618 -2,182 -3,326 -3,993 -2,667 -1,290 -1,212
Repurchase of Common Equity		 -0.04 -3.98 -44 -7.30 -14 -9.09 -14 -8.15 -1.73 0.00 0.00
Payment of Dividends		 0.00 -3.31 -6.19 -3.50 -4.78 -5.50 -5.57 -5.41 -7.78 -14 -25
Other Financing Activities, Net		 495 0.81 199 -215 2.91 -3.52 -2.13 -3.53 177 -15 7.64
Effect of Exchange Rate Changes		 - - - - - - 0.00 0.00 -1.83 1.53 -0.36
Cash Interest Paid		 65 55 27 34 26 26 30 37 29 27 29
Cash Income Taxes Paid		 5.17 39 6.18 5.05 -5.09 3.30 1.07 2.08 2.26 -15 15

Quarterly Cash Flow Statements for Tiptree Financial

This table details how cash moves in and out of Tiptree Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
Net Change in Cash & Equivalents		 -125 -28 139 -45 110 2.42 -101 -88 12 47 4.51
Net Cash From Operating Activities		 43 -6.68 57 -22 63 47 61 70 -33 21 135
Net Cash From Continuing Operating Activities		 43 -6.68 57 -22 63 47 61 70 -33 21 135
Net Income / (Loss) Continuing Operations		 3.15 12 8.87 16 16 22 20 29 13 31 16
Consolidated Net Income / (Loss)		 3.15 12 8.87 16 16 22 20 29 13 31 16
Depreciation Expense		 5.25 5.88 6.35 5.99 5.57 5.29 5.40 5.40 4.88 4.92 5.26
Amortization Expense		 -0.19 -2.91 -1.35 -1.98 -1.44 -1.44 -0.63 -1.28 -0.85 -1.50 0.01
Non-Cash Adjustments to Reconcile Net Income		 5.87 11 20 16 15 16 17 -5.31 13 22 1.48
Changes in Operating Assets and Liabilities, net		 29 -33 23 -59 28 5.00 19 42 -63 -36 113
Net Cash From Investing Activities		 -248 -25 128 -100 40 -22 -165 -177 -18 28 -133
Net Cash From Continuing Investing Activities		 -248 -25 128 -100 40 -22 -165 -177 -18 28 -133
Purchase of Property, Leasehold Improvements and Equipment		 -4.95 -6.63 -0.92 -1.53 -0.79 -0.91 -0.54 -1.80 -1.12 -1.19 -2.05
Purchase of Investment Securities		 -557 -269 -331 -488 -309 -158 -229 -366 -195 -202 -582
Sale and/or Maturity of Investments		 314 251 460 389 351 137 65 191 178 231 451
Net Cash From Financing Activities		 78 2.57 -41 74 7.98 -23 -3.06 24 61 -6.81 3.56
Net Cash From Continuing Financing Activities		 78 2.57 -41 74 7.98 -23 -3.06 24 61 -6.81 3.56
Issuance of Debt		 370 368 346 348 254 253 267 462 331 346 293
Repayment of Debt		 -283 -354 -383 -270 -251 -272 -266 -424 -263 -349 -279
Payment of Dividends		 -3.45 -3.41 -3.43 -3.45 -3.82 -3.93 -3.82 -13 -3.88 -3.84 -3.86
Other Financing Activities, Net		 -6.08 -7.48 - -1.22 8.75 -0.24 -0.13 -0.74 -2.55 -0.17 -6.56
Effect of Exchange Rate Changes		 1.26 1.24 -4.44 3.46 -0.75 0.34 5.60 -5.54 1.79 4.51 -1.53

Annual Balance Sheets for Tiptree Financial

This table presents Tiptree Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,205 2,495 2,890 1,990 1,865 2,198 2,996 3,599 4,040 5,139 5,695
Cash and Due from Banks		 53 69 50 111 86 133 137 176 538 469 320
Restricted Cash		 6.81 19 24 32 11 11 58 19 13 24 96
Trading Account Securities		 171 197 195 208 407 491 501 990 836 1,052 1,351
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 - - - - - - - - 725 901 1,046
Deferred Acquisition Cost		 8.62 58 127 147 170 166 229 379 499 566 566
Goodwill		 - - 93 92 92 99 179 179 187 206 207
Intangible Assets		 212 186 74 64 52 48 138 123 117 119 103
Other Assets		 7,724 1,759 2,328 1,337 1,048 1,250 1,753 1,733 1,125 1,804 2,006
Total Liabilities & Shareholders' Equity		 8,205 2,495 2,890 1,990 1,865 2,198 2,996 3,599 4,040 5,139 5,695
Total Liabilities		 7,803 2,097 2,500 1,593 1,466 1,787 2,622 3,199 3,506 4,563 5,038
Long-Term Debt		 363 667 555 346 354 374 366 393 259 402 427
Claims and Claim Expense		 - - - - - - 233 332 567 845 1,298
Unearned Premiums Liability		 300 390 415 503 599 755 861 1,124 1,357 1,695 1,766
Other Long-Term Liabilities		 7,077 960 1,427 631 381 513 1,162 1,350 1,322 1,620 1,547
Total Equity & Noncontrolling Interests		 402 398 348 397 399 411 374 400 534 577 657
Total Preferred & Common Equity		 284 313 293 300 387 398 356 383 397 417 458
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 284 313 336 300 387 398 356 383 397 417 458
Common Stock		 271 297 297 296 332 326 315 317 383 382 390
Retained Earnings		 13 16 38 38 57 70 35 68 54 61 96
Accumulated Other Comprehensive Income / (Loss)		 -0.05 -0.11 0.05 0.97 -2.06 1.70 5.67 -2.69 -39 -26 -28
Noncontrolling Interest		 117 85 97 97 12 13 17 17 136 160 199

Quarterly Balance Sheets for Tiptree Financial

This table presents Tiptree Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 3,733 3,994 4,308 4,634 4,827 5,190 5,305 5,506 5,819 6,148 6,416
Cash and Due from Banks		 338 503 412 372 515 475 497 396 342 384 366
Restricted Cash		 13 10 14 26 23 128 108 108 86 91 113
Trading Account Securities		 876 817 1,078 1,091 934 1,000 1,028 1,246 1,434 1,441 1,621
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 - - - - 894 908 962 978 969 1,044 1,101
Deferred Acquisition Cost		 434 485 504 521 539 565 545 571 554 573 573
Goodwill		 187 186 207 206 205 206 206 209 206 208 208
Intangible Assets		 125 120 131 128 123 115 111 108 100 97 94
Other Assets		 1,760 1,872 1,962 2,291 1,595 1,794 1,847 1,889 2,127 2,310 2,340
Total Liabilities & Shareholders' Equity		 3,733 3,994 4,308 4,634 4,827 5,190 5,305 5,506 5,819 6,148 6,416
Total Liabilities		 3,207 3,475 3,766 4,088 4,284 4,591 4,687 4,850 5,136 5,425 5,675
Long-Term Debt		 262 266 347 361 324 406 387 389 495 493 508
Claims and Claim Expense		 441 513 640 722 813 962 1,087 1,193 1,422 1,503 1,616
Unearned Premiums Liability		 1,219 1,349 1,403 1,521 1,607 1,660 1,671 1,710 1,732 1,860 1,920
Other Long-Term Liabilities		 1,285 1,346 1,376 1,483 1,540 1,563 1,541 1,558 1,487 1,568 1,631
Total Equity & Noncontrolling Interests		 525 520 542 546 544 599 618 656 683 723 741
Total Preferred & Common Equity		 390 387 401 402 396 425 436 462 474 500 505
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 390 387 401 402 396 425 436 462 474 500 505
Common Stock		 379 380 383 380 381 385 388 389 394 396 393
Retained Earnings		 42 55 51 55 56 67 78 88 99 116 120
Accumulated Other Comprehensive Income / (Loss)		 -31 -48 -33 -33 -41 -28 -29 -15 -20 -12 -7.76
Noncontrolling Interest		 135 132 141 144 147 174 182 194 210 224 236

Annual Metrics And Ratios for Tiptree Financial

This table displays calculated financial ratios and metrics derived from Tiptree Financial's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 325.43% 379.92% 31.19% 12.07% 5.67% 24.52% 4.30% 49.52% 17.60% 18.56% 24.01%
EBITDA Growth		 51.56% 772.71% 147.41% -69.66% -117.03% 951.31% -140.44% 623.20% -15.94% 26.21% 66.04%
EBIT Growth		 -48.73% 47.73% 808.61% -104.80% -494.47% 247.20% -233.33% 268.18% -17.34% 53.77% 79.79%
NOPAT Growth		 755.42% -96.50% 671.80% -110.83% -494.47% 245.21% -235.16% 261.97% -91.92% 1,023.20% 119.18%
Net Income Growth		 -88.75% 92.02% 922.45% -70.95% 14.28% -32.66% -225.36% 274.63% -91.92% 1,023.20% 119.18%
EPS Growth		 0.00% 0.00% 0.00% -85.90% 527.27% -27.54% -272.00% 226.74% -121.10% 243.48% 293.94%
Operating Cash Flow Growth		 879.47% -139.98% 487.55% 28.04% 23.03% -58.87% 490.38% 45.76% 126.65% -84.57% 236.95%
Free Cash Flow Firm Growth		 -124.50% -1,496.74% 147.52% 41.56% -112.18% 49.04% 252.27% -151.33% 142.83% -3,617.34% 88.21%
Invested Capital Growth		 14.75% 39.20% -11.24% -21.39% 1.41% 4.32% -5.86% 7.27% -0.07% 23.46% 10.71%
Revenue Q/Q Growth		 1,560.50% 8.30% 7.69% 4.12% -1.26% 10.33% 7.34% 4.63% 4.94% 4.84% 2.88%
EBITDA Q/Q Growth		 68.79% 56.91% 93.11% -64.86% -178.34% 108.57% 48.35% -18.63% 36.44% 3.69% 7.95%
EBIT Q/Q Growth		 5.06% 48.80% 354.09% -106.33% -85.88% 380.05% 27.44% -25.75% 74.85% 6.45% 8.84%
NOPAT Q/Q Growth		 412.25% 120.83% -17.64% -390.70% -117.85% 196.13% 27.44% -25.59% 331.08% 33.38% 17.74%
Net Income Q/Q Growth		 -89.68% 2,795.39% 357.11% -56.68% -52.46% 25.11% 31.50% -25.59% 331.08% 33.38% 17.74%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 27.12% -28.29% 20.69% 43.48% 32.65%
Operating Cash Flow Q/Q Growth		 157.98% 62.12% 181.75% -48.91% -12.53% -29.23% 93.25% -20.81% 10.48% -54.13% 61.92%
Free Cash Flow Firm Q/Q Growth		 88.23% -462.13% 245.47% 298.78% -104.98% -139.85% 131.47% -123.27% 139.98% -184.13% 83.29%
Invested Capital Q/Q Growth		 -22.96% 3.14% -18.21% -40.89% -1.04% 6.64% -2.59% 2.13% 0.90% 12.89% 3.75%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -7.58% 10.63% 20.04% 5.43% -0.87% 5.98% -2.32% 8.11% 5.80% 6.17% 8.27%
EBIT Margin		 -23.33% -2.54% 13.72% -0.59% -3.31% 3.91% -5.00% 5.62% 3.95% 5.12% 7.43%
Profit (Net Income) Margin		 5.71% 2.28% 17.80% 4.61% 4.99% 2.70% -3.24% 3.79% 0.26% 2.47% 4.36%
Tax Burden Percent		 581.73% -303.10% 183.14% -785.23% -150.95% 69.06% 64.93% 67.42% 6.59% 48.16% 58.71%
Interest Burden Percent		 -4.21% 29.65% 70.81% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 525.51% 0.00% 25.47% 0.00% 0.00% 30.94% 0.00% 32.58% 93.41% 51.84% 41.29%
Return on Invested Capital (ROIC)		 11.14% 0.31% 2.14% -0.28% -1.85% 2.61% -3.57% 5.75% 0.45% 4.51% 8.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 -12.61% 1.47% 12.97% 5.76% 10.64% 2.61% -3.03% 5.75% 0.45% 4.51% 8.50%
Return on Net Nonoperating Assets (RNNOA)		 -9.99% 1.90% 22.01% 7.30% 9.36% 2.35% -2.86% 5.64% 0.31% 2.69% 5.72%
Return on Equity (ROE)		 1.15% 2.20% 24.15% 7.03% 7.51% 4.96% -6.43% 11.39% 0.76% 7.21% 14.22%
Cash Return on Invested Capital (CROIC)		 -2.60% -32.47% 14.05% 23.68% -3.25% -1.61% 2.48% -1.26% 0.52% -16.48% -1.67%
Operating Return on Assets (OROA)		 -0.25% -0.18% 2.58% -0.14% -1.03% 1.43% -1.50% 1.98% 1.41% 1.81% 2.76%
Return on Assets (ROA)		 0.06% 0.16% 3.34% 1.07% 1.55% 0.99% -0.97% 1.34% 0.09% 0.87% 1.62%
Return on Common Equity (ROCE)		 0.55% 1.65% 21.00% 6.00% 6.48% 4.81% -6.18% 10.88% 0.64% 5.29% 10.08%
Return on Equity Simple (ROE_SIMPLE)		 1.61% 2.81% 30.67% 8.71% 7.72% 5.06% -7.08% 11.50% 0.90% 9.59% 19.15%
Net Operating Profit after Tax (NOPAT)		 80 2.79 22 -2.33 -14 20 -27 44 3.56 40 88
NOPAT Margin		 99.27% 0.72% 4.26% -0.41% -2.31% 2.70% -3.50% 3.79% 0.26% 2.47% 4.36%
Net Nonoperating Expense Percent (NNEP)		 23.75% -1.17% -10.83% -6.04% -12.49% 0.00% -0.53% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.85% 50.61% 51.98% 63.14% 62.79% 58.01% 58.24% 51.94% 51.58% 48.24% 42.43%
Operating Expenses to Revenue		 123.33% 102.54% 86.28% 100.59% 103.31% 96.09% 105.00% 94.38% 96.05% 94.88% 92.57%
Earnings before Interest and Taxes (EBIT)		 -19 -9.79 69 -3.33 -20 29 -39 65 54 83 149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -6.09 41 101 31 -5.24 45 -18 94 79 100 166
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.72 0.68 0.75 0.47 0.65 0.45 1.18 1.22 1.63 1.69
Price to Tangible Book Value (P/TBV)		 0.00 1.77 1.35 1.56 0.74 1.03 4.15 5.58 5.15 7.39 5.22
Price to Revenue (P/Rev)		 0.00 0.58 0.45 0.40 0.30 0.35 0.21 0.39 0.35 0.42 0.38
Price to Earnings (P/E)		 0.00 38.89 9.04 31.36 7.57 14.14 0.00 11.86 0.00 48.73 14.48
Dividend Yield		 0.00% 1.91% 1.88% 2.29% 2.68% 2.06% 3.36% 1.20% 1.20% 1.08% 2.35%
Earnings Yield		 0.00% 2.57% 11.06% 3.19% 13.21% 7.07% 0.00% 8.43% 0.00% 2.05% 6.90%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.83 0.85 0.71 0.60 0.64 0.47 0.84 0.41 0.77 0.91
Enterprise Value to Revenue (EV/Rev)		 0.00 2.30 1.59 0.93 0.75 0.67 0.45 0.57 0.24 0.46 0.49
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 21.68 7.96 17.13 0.00 11.28 0.00 7.08 4.14 7.49 5.91
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 11.62 0.00 0.00 17.26 0.00 10.22 6.07 9.02 6.58
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 318.47 37.45 0.00 0.00 24.99 0.00 15.15 92.08 18.74 11.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 22.01 11.22 7.81 21.18 2.49 3.27 0.71 10.49 4.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 5.71 2.64 0.00 0.00 18.46 0.00 78.98 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 1.68 1.60 0.87 0.89 0.91 0.98 0.98 0.49 0.70 0.65
Long-Term Debt to Equity		 0.90 1.68 1.60 0.87 0.89 0.91 0.98 0.98 0.49 0.70 0.65
Financial Leverage		 0.79 1.29 1.70 1.27 0.88 0.90 0.94 0.98 0.70 0.60 0.67
Leverage Ratio		 18.88 13.39 7.22 6.56 4.84 5.01 6.62 8.52 8.18 8.27 8.78
Compound Leverage Factor		 -0.79 3.97 5.12 6.56 4.84 5.01 6.62 8.52 8.18 8.27 8.78
Debt to Total Capital		 47.49% 62.65% 61.48% 46.59% 47.00% 47.65% 49.51% 49.57% 32.71% 41.11% 39.40%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 47.49% 62.65% 61.48% 46.59% 47.00% 47.65% 49.51% 49.57% 32.71% 41.11% 39.40%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 15.32% 7.97% 10.72% 13.02% 1.61% 1.70% 2.35% 2.17% 17.18% 16.31% 18.37%
Common Equity to Total Capital		 37.19% 29.38% 37.17% 40.40% 51.38% 50.65% 48.14% 48.26% 50.11% 42.58% 42.23%
Debt to EBITDA		 -59.64 16.28 5.47 11.26 -67.61 8.40 -20.31 4.17 3.27 4.02 2.57
Net Debt to EBITDA		 -49.82 14.13 4.74 6.63 -49.18 5.16 -9.48 2.10 -3.68 -0.90 0.07
Long-Term Debt to EBITDA		 -59.64 16.28 5.47 11.26 -67.61 8.40 -20.31 4.17 3.27 4.02 2.57
Debt to NOPAT		 4.56 239.09 25.77 -148.47 -25.55 18.61 -13.47 8.93 72.84 10.06 4.87
Net Debt to NOPAT		 3.81 207.48 22.32 -87.45 -18.59 11.42 -6.29 4.50 -81.85 -2.25 0.12
Long-Term Debt to NOPAT		 4.56 239.09 25.77 -148.47 -25.55 18.61 -13.47 8.93 72.84 10.06 4.87
Noncontrolling Interest Sharing Ratio		 51.99% 25.28% 13.02% 14.62% 13.67% 3.15% 3.92% 4.48% 16.43% 26.66% 29.09%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -297 141 200 -24 -12 19 -9.70 4.15 -146 -17
Operating Cash Flow to CapEx		 122.31% -41.21% 57.70% 120.57% 1,539.72% 278.69% 2,093.95% 7,392.04% 4,316.89% 509.28% 5,972.61%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 6.72 7.82 -0.90 -0.46 0.58 -0.26 0.14 -5.27 -0.53
Operating Cash Flow to Interest Expense		 0.00 0.00 1.74 1.84 2.14 0.88 4.30 5.42 15.31 2.58 7.47
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -1.28 0.31 2.00 0.56 4.10 5.35 14.96 2.07 7.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.07 0.19 0.23 0.31 0.37 0.30 0.35 0.36 0.35 0.37
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 765 1,065 945 743 753 786 740 794 793 979 1,084
Invested Capital Turnover		 0.11 0.42 0.50 0.67 0.80 0.97 1.02 1.52 1.72 1.83 1.95
Increase / (Decrease) in Invested Capital		 98 300 -120 -202 10 33 -46 54 -0.59 186 105
Enterprise Value (EV)		 0.00 888 806 527 451 503 349 668 328 749 983
Market Capitalization		 0.00 225 229 226 181 260 160 452 483 680 773
Book Value per Share		 $16.63 $7.27 $7.80 $6.97 $10.77 $11.52 $10.59 $11.30 $10.96 $11.34 $12.35
Tangible Book Value per Share		 $4.23 $2.94 $3.93 $3.36 $6.77 $7.26 $1.15 $2.39 $2.59 $2.50 $4.00
Total Capital		 765 1,065 903 743 753 786 740 794 793 979 1,084
Total Debt		 363 667 555 346 354 374 366 393 259 402 427
Total Long-Term Debt		 363 667 555 346 354 374 366 393 259 402 427
Net Debt		 303 579 481 204 258 230 171 198 -291 -90 11
Capital Expenditures (CapEx)		 19 23 64 39 3.75 8.52 6.69 2.76 11 14 4.03
Net Nonoperating Expense (NNE)		 75 -6.01 -68 -28 -44 0.00 -1.97 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 363 667 597 346 354 374 366 393 259 402 427
Total Depreciation and Amortization (D&A)		 13 51 32 34 15 15 21 29 25 17 17
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.10) $0.00 $0.00 $0.00 $0.69 $0.52 ($0.86) $1.13 ($0.23) $0.38 $1.44
Adjusted Weighted Average Basic Shares Outstanding		 16.77M 33.20M 43.04M 43.05M 34.72M 34.58M 0.00 33.22M 35.53M 36.69M 36.87M
Adjusted Diluted Earnings per Share		 ($0.10) $0.00 $0.00 $0.00 $0.69 $0.50 ($0.86) $1.09 ($0.23) $0.33 $1.30
Adjusted Weighted Average Diluted Shares Outstanding		 16.77M 33.20M 43.04M 43.05M 34.72M 34.58M 33.86M 33.69M 35.53M 37.62M 37.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 41.76M 43.02M 43.04M 43.05M 34.51M 34.43M 32.54M 34.39M 36.73M 36.76M 37.26M
Normalized Net Operating Profit after Tax (NOPAT)		 -13 2.79 22 -2.33 -14 20 -27 44 38 58 88
Normalized NOPAT Margin		 -16.33% 0.72% 4.26% -0.41% -2.31% 2.70% -3.50% 3.79% 2.76% 3.59% 4.36%
Pre Tax Income Margin		 0.98% -0.75% 9.72% -0.59% -3.31% 3.91% -5.00% 5.62% 3.95% 5.12% 7.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 3.30 -0.13 -0.73 1.08 -1.19 1.73 1.79 3.00 4.63
NOPAT to Interest Expense		 0.00 0.00 1.02 -0.09 -0.51 0.74 -0.83 1.17 0.12 1.44 2.72
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.28 -1.65 -0.87 0.76 -1.40 1.66 1.43 2.49 4.51
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -2.00 -1.61 -0.65 0.43 -1.04 1.10 -0.24 0.94 2.59
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 37.64% 6.88% 13.38% 16.00% 27.34% -22.07% 12.28% 218.34% 34.33% 28.31%
Augmented Payout Ratio		 0.85% 82.88% 55.49% 41.30% 63.22% 72.49% -77.13% 30.77% 266.84% 34.33% 28.31%

Quarterly Metrics And Ratios for Tiptree Financial

This table displays calculated financial ratios and metrics derived from Tiptree Financial's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.21% 20.19% 14.48% 20.54% 30.59% 35.52% 18.78% 12.84% -0.58% -3.86% 8.81%
EBITDA Growth		 111.27% 129.02% -15.38% 11.68% 155.60% 67.04% 58.91% 35.92% -13.14% 26.15% 4.81%
EBIT Growth		 958.51% 392.49% -15.86% 20.11% 263.38% 71.69% 73.98% 40.34% -14.64% 29.69% 4.06%
NOPAT Growth		 572.84% 154.49% -55.79% 163.62% 404.00% 85.43% 130.86% 81.92% -18.34% 41.56% -23.75%
Net Income Growth		 463.86% 154.49% -55.79% 163.62% 404.00% 85.43% 130.86% 81.92% -18.34% 41.56% -23.75%
EPS Growth		 0.00% 125.00% -89.47% 166.67% 833.33% 93.75% 625.00% 200.00% -40.91% 19.35% -55.17%
Operating Cash Flow Growth		 -71.12% -104.93% -50.84% -135.54% 45.67% 801.98% 7.03% 416.35% -153.14% -54.66% 121.24%
Free Cash Flow Firm Growth		 -787.05% -393.45% -746.79% -2,632.55% 10.68% 29.69% -116.55% 55.54% -62.19% -136.21% -20.13%
Invested Capital Growth		 14.79% 15.27% 10.36% 23.46% 12.98% 10.82% 20.47% 10.71% 17.36% 20.99% 19.55%
Revenue Q/Q Growth		 3.03% 5.95% 3.10% 7.10% 11.63% 9.95% -9.64% 1.75% -1.66% 6.33% 2.26%
EBITDA Q/Q Growth		 -56.62% 101.25% -1.85% 30.33% -0.71% 31.52% -6.63% 11.47% -36.55% 91.03% -22.42%
EBIT Q/Q Growth		 -67.35% 189.66% -10.70% 42.21% -1.22% 36.86% -9.51% 14.71% -39.92% 107.94% -27.39%
NOPAT Q/Q Growth		 -48.50% 276.07% -25.16% 81.87% -1.53% 38.36% -6.83% 43.31% -55.80% 139.85% -49.81%
Net Income Q/Q Growth		 -48.50% 276.07% -25.16% 81.87% -1.53% 38.36% -6.83% 43.31% -55.80% 139.85% -49.81%
EPS Q/Q Growth		 -150.00% 633.33% -75.00% 300.00% 37.50% 40.91% -6.45% 65.52% -72.92% 184.62% -64.86%
Operating Cash Flow Q/Q Growth		 -30.81% -115.51% 956.51% -138.66% 383.55% -25.24% 30.59% 14.28% -147.63% 163.78% 537.25%
Free Cash Flow Firm Q/Q Growth		 -1,760.28% 2.77% 33.04% -134.30% 41.44% 23.46% -106.20% 51.89% -113.61% -11.47% -4.87%
Invested Capital Q/Q Growth		 12.12% 2.05% -4.42% 12.89% 2.60% 0.10% 3.91% 3.75% 8.75% 3.20% 2.68%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 3.53% 6.70% 6.38% 7.76% 6.91% 8.26% 8.54% 9.35% 6.03% 10.84% 8.22%
EBIT Margin		 2.18% 5.96% 5.16% 6.85% 6.06% 7.55% 7.56% 8.52% 5.20% 10.18% 7.23%
Profit (Net Income) Margin		 0.84% 2.98% 2.16% 3.67% 3.24% 4.08% 4.21% 5.92% 2.66% 6.01% 2.95%
Tax Burden Percent		 38.55% 50.05% 41.95% 53.64% 53.47% 54.06% 55.66% 69.54% 51.16% 59.01% 40.78%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 61.45% 49.95% 58.05% 46.36% 46.53% 45.94% 44.34% 30.46% 48.84% 40.99% 59.22%
Return on Invested Capital (ROIC)		 1.44% 5.26% 4.05% 6.72% 5.94% 8.01% 8.60% 11.55% 4.90% 10.74% 5.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.44% 5.26% 4.05% 6.72% 5.94% 8.01% 8.60% 11.55% 4.90% 10.74% 5.22%
Return on Net Nonoperating Assets (RNNOA)		 1.15% 3.06% 2.25% 4.01% 3.93% 5.15% 5.10% 7.77% 3.44% 7.05% 3.34%
Return on Equity (ROE)		 2.59% 8.32% 6.30% 10.73% 9.87% 13.16% 13.70% 19.32% 8.34% 17.79% 8.56%
Cash Return on Invested Capital (CROIC)		 -12.86% -9.32% -6.22% -16.48% -6.62% -3.69% -10.78% -1.67% -8.21% -10.54% -10.05%
Operating Return on Assets (OROA)		 0.79% 2.13% 1.81% 2.42% 2.22% 2.85% 2.86% 3.16% 1.90% 3.53% 2.46%
Return on Assets (ROA)		 0.30% 1.07% 0.76% 1.30% 1.19% 1.54% 1.59% 2.20% 0.97% 2.08% 1.00%
Return on Common Equity (ROCE)		 2.15% 6.15% 4.64% 7.87% 7.15% 9.47% 9.80% 13.70% 5.84% 12.42% 5.92%
Return on Equity Simple (ROE_SIMPLE)		 1.89% 10.25% 7.57% 0.00% 12.41% 14.40% 16.12% 0.00% 17.89% 18.78% 17.62%
Net Operating Profit after Tax (NOPAT)		 3.15 12 8.87 16 16 22 20 29 13 31 16
NOPAT Margin		 0.84% 2.98% 2.16% 3.67% 3.24% 4.08% 4.21% 5.92% 2.66% 6.01% 2.95%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.91% 47.07% 48.66% 47.48% 42.07% 41.44% 42.39% 43.92% 42.43% 37.65% 39.09%
Operating Expenses to Revenue		 97.82% 94.04% 94.84% 93.15% 93.94% 92.45% 92.44% 91.48% 94.80% 89.82% 92.77%
Earnings before Interest and Taxes (EBIT)		 8.17 24 21 30 30 41 37 42 25 53 38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 27 26 34 34 44 42 46 29 56 44
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.31 1.35 1.53 1.63 1.49 1.39 1.56 1.69 1.89 1.77 1.42
Price to Tangible Book Value (P/TBV)		 8.27 7.97 8.88 7.39 6.05 5.05 4.97 5.22 5.38 4.53 3.53
Price to Revenue (P/Rev)		 0.37 0.36 0.39 0.42 0.36 0.32 0.37 0.38 0.45 0.45 0.35
Price to Earnings (P/E)		 0.00 27.10 76.45 48.73 26.22 19.55 17.70 14.48 17.97 15.77 14.22
Dividend Yield		 1.19% 1.22% 1.15% 1.08% 1.51% 1.34% 1.18% 2.35% 2.03% 2.08% 2.56%
Earnings Yield		 0.00% 3.69% 1.31% 2.05% 3.81% 5.11% 5.65% 6.90% 5.57% 6.34% 7.03%
Enterprise Value to Invested Capital (EV/IC)		 0.66 0.72 0.62 0.77 0.61 0.57 0.76 0.91 1.00 0.93 0.79
Enterprise Value to Revenue (EV/Rev)		 0.41 0.43 0.35 0.46 0.35 0.30 0.41 0.49 0.59 0.57 0.48
Enterprise Value to EBITDA (EV/EBITDA)		 6.80 6.42 5.61 7.49 5.04 4.10 5.19 5.91 7.26 6.49 5.61
Enterprise Value to EBIT (EV/EBIT)		 9.30 7.93 6.94 9.02 5.81 4.68 5.82 6.58 8.10 7.17 6.20
Enterprise Value to NOPAT (EV/NOPAT)		 77.47 15.79 18.06 18.74 11.53 9.04 10.72 11.21 13.86 11.99 11.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.64 3.02 3.48 10.49 6.67 3.93 5.37 4.08 8.12 9.45 5.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.64 0.66 0.60 0.70 0.68 0.63 0.59 0.65 0.72 0.68 0.68
Long-Term Debt to Equity		 0.64 0.66 0.60 0.70 0.68 0.63 0.59 0.65 0.72 0.68 0.68
Financial Leverage		 0.80 0.58 0.55 0.60 0.66 0.64 0.59 0.67 0.70 0.66 0.64
Leverage Ratio		 8.55 7.81 8.30 8.27 8.33 8.54 8.61 8.78 8.59 8.54 8.53
Compound Leverage Factor		 8.55 7.81 8.30 8.27 8.33 8.54 8.61 8.78 8.59 8.54 8.53
Debt to Total Capital		 39.08% 39.81% 37.32% 41.11% 40.40% 38.53% 37.19% 39.40% 42.02% 40.53% 40.64%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 39.08% 39.81% 37.32% 41.11% 40.40% 38.53% 37.19% 39.40% 42.02% 40.53% 40.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 15.85% 15.89% 17.01% 16.31% 17.31% 18.06% 18.59% 18.37% 17.79% 18.38% 18.92%
Common Equity to Total Capital		 45.07% 44.30% 45.67% 42.58% 42.29% 43.41% 44.22% 42.23% 40.19% 41.09% 40.45%
Debt to EBITDA		 4.03 3.57 3.35 4.02 3.36 2.80 2.52 2.57 3.06 2.84 2.89
Net Debt to EBITDA		 -0.91 -0.36 -2.21 -0.90 -1.63 -1.57 -0.75 0.07 0.42 0.10 0.16
Long-Term Debt to EBITDA		 4.03 3.57 3.35 4.02 3.36 2.80 2.52 2.57 3.06 2.84 2.89
Debt to NOPAT		 45.85 8.77 10.79 10.06 7.70 6.16 5.22 4.87 5.84 5.25 5.70
Net Debt to NOPAT		 -10.35 -0.89 -7.13 -2.25 -3.74 -3.47 -1.56 0.12 0.79 0.19 0.31
Long-Term Debt to NOPAT		 45.85 8.77 10.79 10.06 7.70 6.16 5.22 4.87 5.84 5.25 5.70
Noncontrolling Interest Sharing Ratio		 17.03% 26.05% 26.32% 26.66% 27.61% 27.99% 28.48% 29.09% 29.92% 30.20% 30.80%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -111 -108 -73 -170 -99 -76 -157 -76 -161 -180 -189
Operating Cash Flow to CapEx		 870.14% -100.66% 6,203.69% -1,448.20% 7,967.47% 5,174.17% 11,421.08% 3,882.19% -2,972.44% 1,793.50% 6,600.10%
Free Cash Flow to Firm to Interest Expense		 -17.23 -15.38 -10.80 -22.75 -12.00 -9.50 -20.62 -9.07 -15.58 -16.56 -17.65
Operating Cash Flow to Interest Expense		 6.66 -0.95 8.52 -2.96 7.56 5.85 8.04 8.40 -3.22 1.96 12.67
Operating Cash Flow Less CapEx to Interest Expense		 5.89 -1.89 8.38 -3.17 7.47 5.74 7.97 8.18 -3.32 1.85 12.48
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.36 0.36 0.35 0.35 0.37 0.38 0.38 0.37 0.36 0.35 0.34
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 889 907 867 979 1,004 1,005 1,045 1,084 1,179 1,216 1,249
Invested Capital Turnover		 1.72 1.76 1.87 1.83 1.83 1.96 2.04 1.95 1.84 1.79 1.77
Increase / (Decrease) in Invested Capital		 115 120 81 186 115 98 178 105 174 211 204
Enterprise Value (EV)		 587 650 542 749 608 568 798 983 1,175 1,126 983
Market Capitalization		 525 543 608 680 631 605 720 773 898 884 719
Book Value per Share		 $10.91 $10.94 $10.78 $11.34 $11.55 $11.86 $12.56 $12.35 $12.71 $13.33 $13.47
Tangible Book Value per Share		 $1.73 $1.85 $1.86 $2.50 $2.84 $3.25 $3.94 $4.00 $4.48 $5.21 $5.43
Total Capital		 889 907 867 979 1,004 1,005 1,045 1,084 1,179 1,216 1,249
Total Debt		 347 361 324 402 406 387 389 427 495 493 508
Total Long-Term Debt		 347 361 324 402 406 387 389 427 495 493 508
Net Debt		 -78 -37 -214 -90 -197 -218 -116 11 67 18 28
Capital Expenditures (CapEx)		 4.95 6.63 0.92 1.53 0.79 0.91 0.54 1.80 1.12 1.19 2.05
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 347 361 324 402 406 387 389 427 495 493 508
Total Depreciation and Amortization (D&A)		 5.06 2.96 5.00 4.01 4.13 3.85 4.76 4.12 4.03 3.42 5.27
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.03) $0.16 $0.06 $0.19 $0.24 $0.35 $0.32 $0.53 $0.15 $0.50 $0.17
Adjusted Weighted Average Basic Shares Outstanding		 36.52M 36.74M 36.75M 36.69M 36.77M 36.79M 36.79M 36.87M 37.35M 37.50M 37.57M
Adjusted Diluted Earnings per Share		 ($0.03) $0.16 $0.04 $0.16 $0.22 $0.31 $0.29 $0.48 $0.13 $0.37 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 36.52M 37.59M 37.68M 37.62M 37.78M 37.75M 37.82M 37.93M 38.45M 38.62M 38.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.74M 36.75M 36.75M 36.76M 36.79M 36.79M 37.06M 37.26M 37.50M 37.50M 37.82M
Normalized Net Operating Profit after Tax (NOPAT)		 5.72 12 15 16 16 22 20 29 13 31 27
Normalized NOPAT Margin		 1.53% 2.98% 3.61% 3.67% 3.24% 4.08% 4.21% 5.92% 2.66% 6.01% 5.06%
Pre Tax Income Margin		 2.18% 5.96% 5.16% 6.85% 6.06% 7.55% 7.56% 8.52% 5.20% 10.18% 7.23%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.26 3.36 3.15 4.03 3.58 5.07 4.83 5.07 2.45 4.85 3.58
NOPAT to Interest Expense		 0.49 1.68 1.32 2.16 1.92 2.74 2.69 3.52 1.25 2.86 1.46
EBIT Less CapEx to Interest Expense		 0.50 2.42 3.01 3.82 3.49 4.96 4.76 4.85 2.34 4.74 3.39
NOPAT Less CapEx to Interest Expense		 -0.28 0.74 1.18 1.96 1.82 2.63 2.62 3.31 1.14 2.75 1.27
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 129.63% 28.70% 44.53% 34.33% 26.75% 23.26% 20.16% 28.31% 29.35% 26.40% 27.89%
Augmented Payout Ratio		 129.63% 28.70% 44.53% 34.33% 26.75% 23.26% 20.16% 28.31% 29.35% 26.40% 27.89%

Financials Breakdown Chart

Key Financial Trends

Tiptree Financial’s latest results show a business with solid top-line momentum, but a balance sheet and earnings profile that remain highly mixed. In Q3 2025, the company generated strong revenue, helped by premium income and service fees, while also producing healthy operating cash flow. However, profit margins remain thin relative to revenue, leverage is meaningful, and equity is small compared with total assets and liabilities.

Over the last several years, the trend is generally positive in scale but uneven in profitability. Revenue has grown meaningfully from 2022 into 2025, and quarterly operating cash flow has improved versus the weak periods in 2023. At the same time, Tiptree’s earnings remain sensitive to investment gains, underwriting results, and interest expense, which can create quarter-to-quarter volatility.

  • Revenue remains strong. Q3 2025 total revenue was $529.6 million, up from $517.9 million in Q2 2025 and well above Q3 2024’s $486.7 million.
  • Operating cash flow improved sharply in 2025. Q3 2025 operating cash flow was $135.4 million, compared with $21.3 million in Q2 2025 and a negative $33.3 million in Q1 2025.
  • Premiums earned continue to be a major revenue driver. Q3 2025 premiums earned were $383.9 million, showing the insurance side of the business is still producing substantial volume.
  • Balance sheet size has expanded. Total assets rose to $6.42 billion in Q3 2025 from $5.82 billion at the end of Q1 2025.
  • Non-interest income provides diversification. Service charges, trust fees, and investment gains contribute meaningful income alongside premiums, which helps reduce reliance on one line of business.
  • Equity has been stable but modest. Total common equity was $505.2 million in Q3 2025, up slightly from $499.8 million in Q2 2025.
  • Debt levels are manageable but not trivial. Long-term debt was $507.6 million in Q3 2025, up from $495.3 million in Q1 2025.
  • Net income attributable to common shareholders was still relatively low. Q3 2025 common shareholders earned $6.4 million, despite $529.6 million in revenue.
  • Interest expense continues to pressure results. Q3 2025 long-term debt interest expense was $10.7 million, exceeding investment interest income of $7.4 million.
  • Leverage is high relative to equity. At Q3 2025, liabilities were $5.67 billion versus only $505.2 million in common equity, leaving a thin equity cushion.

Looking at the multi-year trend, the company has recovered from a weaker 2023 period. In 2023, Tiptree posted quarters with negative or very weak common-shareholder earnings and even negative operating cash flow in some periods. By 2024 and especially 2025, operating performance improved, with stronger premium income, better cash generation, and more consistent profitability.

The biggest takeaway for retail investors: Tiptree appears to be a cash-generating financial company with growing revenue and improving near-term operations, but it still carries meaningful leverage and earnings volatility. The stock’s long-term appeal likely depends on whether management can keep growing premiums and fee income while controlling expenses and debt costs.

06/07/26 09:49 PM ETAI Generated. May Contain Errors.

Tiptree Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tiptree Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Tiptree Financial's net income appears to be on an upward trend, with a most recent value of $87.67 million in 2024, rising from $4.58 million in 2014. The previous period was $40.00 million in 2023. Check out Tiptree Financial's forecast to explore projected trends and price targets.

Over the last 10 years, Tiptree Financial's total revenue changed from $80.31 million in 2014 to $2.01 billion in 2024, a change of 2,403.5%.

Tiptree Financial's total liabilities were at $5.04 billion at the end of 2024, a 10.4% increase from 2023, and a 35.4% decrease since 2014.

In the past 10 years, Tiptree Financial's cash and equivalents has ranged from $49.79 million in 2016 to $538.07 million in 2022, and is currently $320.07 million as of their latest financial filing in 2024.

Over the last 10 years, Tiptree Financial's book value per share changed from 16.63 in 2014 to 12.35 in 2024, a change of -25.7%.


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Financial statements for NASDAQ:TIPT last updated on 11/14/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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