Tiptree Inc. - Understand $tipt stock

$TIPT Market Cap: $846.7 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.986B

TTM

Gross Margin

63.53%

TTM

Net Earnings

$40.64M

TTM

Current Assets

$3.117B

Q3 2024

Current Liabilities

$2.380B

Q3 2024

Current Ratio

130.98%

Q3 2024

Total Assets

$5.506B

Q3 2024

Total Liabilities

$4.850B

Q3 2024

Book Value

$656.2M

Q3 2024

Cash

$396.2M

Q3 2024

P/E

20.83

Nov 29, 2024 EST

Free Cash Flow

$144.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.649B	$1.398B	$1.201B	$810.3M	$772.7M	$625.8M	$581.8M	$506.4M	$392.3M	$80.31M	$23.74M	$70.21M	$14.48M	$14.90M	$20.00M	$22.30M	$12.20M
YoY Change	17.98%	16.43%	48.16%	4.86%	23.47%	7.57%	14.88%	29.08%	388.5%	238.26%	-66.18%	385.0%	-2.85%	-25.5%	-10.31%	82.79%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.649B	$1.398B	$1.201B	$810.3M	$772.7M	$625.8M	$581.8M	$506.4M	$392.3M	$80.31M	$23.74M	$70.21M	$14.48M	$14.90M	$20.00M	$22.30M	$12.20M
Cost Of Revenue	$482.5M	$361.6M	$253.5M	$178.2M	$151.0M	$134.9M	$108.5M	$84.95M	$56.57M	$3.153M	$0.00	$35.90M
Gross Profit	$1.167B	$1.036B	$947.0M	$632.1M	$621.7M	$491.0M	$473.3M	$421.5M	$335.8M	$77.16M	$23.74M	$34.30M
Gross Profit Margin	70.74%	74.13%	78.89%	78.0%	80.46%	78.45%	81.34%	83.23%	85.58%	96.07%	100.0%	48.85%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$38.09M	$26.22M	$36.65M	$22.30M	$18.56M	$16.22M	$14.80M	$14.57M	$12.92M	$3.873M	$16.70M	$4.756M	$3.609M	$22.80M	$13.90M	$10.70M	$14.30M
YoY Change	45.28%	-28.48%	64.4%	20.1%	14.46%	9.58%	1.6%	12.77%	233.54%	-76.81%	251.14%	31.78%	-84.17%	64.03%	29.91%	-25.17%
% of Gross Profit	3.26%	2.53%	3.87%	3.53%	2.99%	3.3%	3.13%	3.46%	3.85%	5.02%	70.34%	13.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.47M	$22.97M	$24.44M	$17.58M	$13.57M	$12.60M	$29.99M	$28.54M	$46.72M	$11.95M	$3.783M	$2.200M	$3.600M	$3.600M	$3.400M	$1.600M	$0.00
YoY Change	2.15%	-5.99%	39.02%	29.55%	7.72%	-58.0%	5.08%	-38.91%	291.16%	215.75%	71.95%	-38.89%	0.0%	5.88%	112.5%
% of Gross Profit	2.01%	2.22%	2.58%	2.78%	2.18%	2.57%	6.34%	6.77%	13.92%	15.48%	15.93%	6.41%
Operating Expenses	$1.566B	$1.344B	$1.135B	$849.2M	$743.6M	$645.6M	$595.6M	$477.5M	$388.3M	$99.05M	$36.34M	$67.29M	$11.38M	$26.40M	$17.30M	$12.30M	$14.30M
YoY Change	16.54%	18.37%	33.68%	14.2%	15.17%	8.4%	24.72%	22.97%	292.07%	172.56%	-45.99%	491.49%	-56.91%	52.6%	40.65%	-13.99%
Operating Profit	-$399.5M	-$307.6M	-$188.1M	-$217.1M	-$121.9M	-$154.6M	-$122.3M	-$56.06M	-$52.58M	-$21.89M	-$12.60M	-$32.99M
YoY Change	29.87%	63.5%	-13.34%	78.14%	-21.2%	26.42%	118.19%	6.62%	140.21%	73.76%	-61.81%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$27.69M	$30.24M	$37.67M	$32.58M	$27.06M	$27.01M	$25.56M	$21.01M	$16.70M	$12.54M	$4.865M	$8.096M	-$1.800M	-$7.400M	-$5.600M	-$40.80M	$600.0K
YoY Change	-8.43%	-19.73%	15.63%	20.41%	0.17%	5.68%	21.67%	25.85%	33.12%	157.78%	-39.91%	-549.78%	-75.68%	32.14%	-86.27%	-6900.0%
% of Operating Profit
Other Income/Expense, Net									$77.18M	$31.91M	$5.610M	$25.88M
YoY Change									141.88%	468.77%	-78.32%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$83.05M	$54.01M	$65.34M	-$38.85M	$29.14M	-$19.80M	-$3.330M	$49.14M	-$2.904M	$788.0K	$16.27M	$36.45M	$16.50M	-$19.40M	-$2.800M	-$30.80M	-$1.600M
YoY Change	53.77%	-17.34%	-268.18%	-233.33%	-247.2%	494.47%	-106.78%	-1792.15%	-468.53%	-95.16%	-55.37%	120.91%	-185.05%	592.86%	-90.91%	1825.0%
Income Tax	$43.06M	$50.45M	$21.29M	-$13.63M	$9.017M	-$5.909M	-$12.56M	$12.52M	-$753.0K	$4.141M	$560.0K	-$321.0K	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	51.84%	93.41%	32.58%		30.94%			25.47%		525.51%	3.44%	-0.88%	0.0%
Net Earnings	$13.95M	-$8.274M	$38.13M	-$29.16M	$18.36M	$23.93M	$3.604M	$25.32M	$5.779M	-$1.710M	$10.39M	$8.729M	$16.53M	-$19.40M	-$2.800M	-$30.80M	-$1.600M
YoY Change	-268.61%	-121.7%	-230.78%	-258.8%	-23.28%	564.07%	-85.77%	338.14%	-437.95%	-116.45%	19.06%	-47.21%	-185.23%	592.86%	-90.91%	1825.0%
Net Earnings / Revenue	0.85%	-0.59%	3.18%	-3.6%	2.38%	3.82%	0.62%	5.0%	1.47%	-2.13%	43.77%	12.43%	114.22%	-130.2%	-14.0%	-138.12%	-13.11%
Basic Earnings Per Share	$0.38	-$0.23	$1.13	-$0.86	$0.52	$0.69				-$0.10	$1.01	$0.85	$1.63
Diluted Earnings Per Share	$0.33	-$0.23	$1.09	-$0.86	$0.50	$0.69	$123.7K	$795.6K	$174.7K	-$0.10	$1.01	$0.85	$1.60	-$1.921M	-$139.3K	-$1.467M	-$76.56K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$468.7M	$538.1M	$175.7M	$136.9M	$133.1M	$86.00M	$110.7M	$49.80M	$69.40M	$53.00M	$97.60M	$88.60M	$52.30M	$5.000M	$122.5M	$31.80M	$15.30M
YoY Change	-12.89%	206.21%	28.36%	2.85%	54.77%	-22.31%	122.29%	-28.24%	30.94%	-45.7%	10.16%	69.41%	946.0%	-95.92%	285.22%	107.84%
Cash & Equivalents	$468.7M	$538.1M	$175.7M	$136.9M	$133.1M	$86.00M	$110.7M	$49.80M	$69.40M	$53.00M	$97.60M	$88.60M	$52.30M	$5.000M	$122.5M	$31.80M	$15.30M
Short-Term Investments
Other Short-Term Assets	$913.5M	$18.53M	$10.72M	$8.200M	$8.500M	$7.400M	$7.300M							$400.0K	$700.0K	$400.0K
YoY Change	4830.96%	72.78%	30.76%	-3.53%	14.86%	1.37%								-42.86%	75.0%
Inventory
Prepaid Expenses
Receivables	$400.8M	$263.4M	$226.9M	$157.3M	$92.90M	$63.90M	$72.20M	$66.00M	$78.80M	$61.60M	$8.600M			$300.0K	$200.0K	$0.00
Other Receivables	$1.244B	$1.415B	$1.108B	$941.2M	$733.9M	$579.6M	$467.2M	$383.9M	$415.1M	$301.2M	$0.00			$0.00	$100.0K	$1.000M
Total Short-Term Assets	$3.027B	$2.235B	$1.522B	$1.244B	$968.4M	$736.9M	$657.4M	$499.7M	$563.3M	$415.8M	$106.2M	$88.60M	$52.30M	$5.700M	$123.5M	$33.20M	$17.20M
YoY Change	35.44%	46.88%	22.36%	28.42%	31.42%	12.09%	31.56%	-11.29%	35.47%	291.53%	19.86%	69.41%	817.54%	-95.38%	271.99%	93.02%
Property, Plant & Equipment	$61.09M	$53.33M	$38.75M	$43.10M	$36.10M	$6.100M	$4.300M		$204.0M	$131.3M	$97.40M	$118.8M	$122.3M	$105.9M	$101.5M	$105.1M	$0.00
YoY Change	14.56%	37.63%	-10.1%	19.39%	491.8%	41.86%			55.37%	34.8%	-18.01%	-2.86%	15.49%	4.33%	-3.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.052B	$835.6M	$990.2M	$811.4M	$736.9M	$696.9M	$525.3M	$615.6M	$458.3M	$173.7M	$217.1M	$105.9M	$8.300M	$47.80M	$81.40M	$224.8M	$309.2M
YoY Change	25.84%	-15.61%	22.03%	10.11%	5.74%	32.67%	-14.67%	34.32%	163.85%	-19.99%	105.0%	1175.9%	-82.64%	-41.28%	-63.79%	-27.3%
Other Assets	$589.6M	$511.7M	$649.3M	$469.5M	$286.4M	$259.5M	$631.7M	$474.2M	$76.60M	$5.145B	$4.980B	$26.10M		$0.00	$700.0K	$1.400M	$800.0K
YoY Change	15.22%	-21.2%	38.31%	63.93%	10.37%	-58.92%	33.21%	519.06%	-98.51%	3.32%	18980.84%			-100.0%	-50.0%	75.0%
Total Long-Term Assets	$2.112B	$1.805B	$2.078B	$1.752B	$1.230B	$1.128B	$1.332B	$2.390B	$1.932B	$7.789B	$6.766B	$5.445B	$141.9M	$161.2M	$191.9M	$337.7M	$311.2M
YoY Change	17.05%	-13.14%	18.57%	42.47%	9.03%	-15.33%	-44.26%	23.75%	-75.2%	15.12%	24.26%	3737.35%	-11.97%	-16.0%	-43.17%	8.52%
Total Assets	$5.139B	$4.040B	$3.599B	$2.996B	$2.198B	$1.865B	$1.990B	$2.890B	$2.495B	$8.205B	$6.872B	$5.534B	$194.2M	$166.9M	$315.4M	$370.9M	$328.4M
YoY Change
Accounts Payable	$658.2M	$424.5M	$265.6M	$224.7M	$143.9M	$117.6M	$90.60M	$70.60M	$65.80M	$19.70M			$2.200M	$1.600M	$2.200M	$1.600M	$1.500M
YoY Change	55.05%	59.84%	18.19%	56.15%	22.36%	29.8%	28.33%	7.29%	234.01%				37.5%	-27.27%	37.5%	6.67%
Accrued Expenses	$40.40M	$38.03M	$29.40M	$32.90M	$29.50M	$3.500M	$3.400M	$1.500M					$1.800M	$0.00	$500.0K	$3.800M	$3.100M
YoY Change	6.24%	29.37%	-10.65%	11.53%	742.86%	2.94%	126.67%							-100.0%	-86.84%	22.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$16.58M	$242.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%	6749.17%
Long-Term Debt Due	$54.35M
YoY Change
Total Short-Term Liabilities	$2.447B	$1.879B	$1.335B	$1.182B	$937.6M	$678.8M	$588.5M	$504.5M	$470.4M	$332.5M			$4.000M	$1.600M	$2.700M	$5.400M	$4.600M
YoY Change	30.23%	40.81%	12.91%	26.07%	38.13%	15.34%	16.65%	7.25%	41.47%				150.0%	-40.74%	-50.0%	17.39%
Long-Term Debt	$402.4M	$259.4M	$393.3M	$366.2M	$374.5M	$354.1M	$346.1M	$554.9M	$667.0M	$363.2M	$269.6M	$195.6M	$96.10M	$81.70M	$81.90M	$120.0M	$25.00M
YoY Change	55.15%	-34.06%	7.41%	-2.22%	5.76%	2.31%	-37.63%	-16.81%	83.65%	34.72%	37.83%	103.54%	17.63%	-0.24%	-31.75%	380.0%
Other Long-Term Liabilities	$1.573B	$1.277B	$1.165B	$943.7M	$373.8M	$289.9M	$545.1M	$1.348B	$937.2M	$7.062B	$6.206B	$4.803B	$600.0K	$2.600M	$4.000M	$4.400M	$5.400M
YoY Change	23.19%	9.57%	23.49%	152.46%	28.94%	-46.82%	-59.55%	43.78%	-86.73%	13.79%	29.22%	800333.33%	-76.92%	-35.0%	-9.09%	-18.52%
Total Long-Term Liabilities	$1.975B	$1.536B	$1.559B	$1.310B	$748.3M	$644.0M	$891.2M	$1.902B	$1.604B	$7.425B	$6.475B	$4.998B	$96.70M	$84.30M	$85.90M	$124.4M	$30.40M
YoY Change	28.59%	-1.44%	19.0%	75.05%	16.2%	-27.74%	-53.15%	18.59%	-78.39%	14.66%	29.55%	5068.77%	14.71%	-1.86%	-30.95%	309.21%
Total Liabilities	$4.722B	$3.642B	$3.216B	$2.640B	$1.800B	$1.478B	$1.690B	$2.597B	$2.182B	$7.920B	$6.773B	$5.323B	$100.6M	$85.90M	$88.60M	$129.8M	$35.10M
YoY Change	29.66%	13.25%	21.84%	46.63%	21.82%	-12.54%	-34.93%	19.0%	-72.45%	16.94%	27.25%	5191.05%	17.11%	-3.05%	-31.74%	269.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2015	2014	2013	2012	2011
Basic Shares Outstanding	36.69M shares	35.53M shares	33.22M shares	33.86M shares	34.58M shares	34.72M shares	33.20M shares	16.77M shares	10.25M shares	10.29M shares	10.15M shares
Diluted Shares Outstanding	37.62M shares	35.53M shares	33.69M shares	33.86M shares	34.58M shares	34.72M shares	33.20M shares	16.77M shares	10.25M shares	10.29M shares	10.31M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $846.73 Million

About TIPTREE INC.

Tiptree, Inc. is a holding company, which engages in the provision of specialty insurance and investment management services. The company is headquartered in Greenwich, Connecticut and currently employs 1,504 full-time employees. The company went IPO on 2010-08-27. The firm invests across a variety of industries and asset types, including the insurance, asset management, specialty finance, real estate, and shipping sectors. The Company’s segments include Insurance and Tiptree Capital. The Insurance segment consists of Fortegra Group, LLC (Fortegra), which is a multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets. Fortegra is an underwriting-focused company, with expertise within the admitted and excess and surplus (E&S) insurance lines and capital light fee-based services markets. The company owns a diversified group of businesses and investments that are owned and managed separately as Tiptree Capital, which includes its mortgage segment operations. Tiptree Capital consists primarily of its mortgage operations and principal investments.

Industry: Fire, Marine & Casualty Insurance Peers: AMBAC FINANCIAL GROUP INC DONEGAL GROUP INC Global Indemnity Group, LLC HCI Group, Inc. INVESTORS TITLE CO MBIA INC NI Holdings, Inc. PROGRESSIVE CORP/OH/ UNIVERSAL INSURANCE HOLDINGS, INC. UNITED FIRE GROUP INC