Hippo Holdings Inc. (HIPO) Balance Sheet
HIPO balance sheet, 2025
December 31, 2025 · U.S. dollars$1.91B assets = $1.47B liabilities + $436.1M equity
Both columns are drawn to the same scale: what HIPO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HIPO financial health
Descriptive bands, not a rating. Fiscal 2025.
HIPO balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $170.5M2019 | $1.91B2025 | +49.5%/yr | |
| Total liabilities | $18.2M2019 | $1.47B2025 | +107.9%/yr | |
| Shareholders’ equity | $118.7M2019 | $436.1M2025 | +24.2%/yr | |
| Cash & short-term investments | $23.3M2019 | $472.0M2025 | +65.1%/yr | |
| Total debt | $273.0M2020 | $52.4M2025 | −28.1%/yr | |
| Net cash (debt) | $179.3M2020 | $419.6M2025 | +$240.3M | |
| Working capital | $5.1M2019 | $208.4M2025 | +$203.3M | |
| Book value per share | $55.552021 | $16.772025 | −25.9%/yr | |
| Debt / equity | 0.052022 | 0.122025 | +0.07 | |
| Shares outstanding | 15.5M2021 | 26.0M2025 | +13.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HIPO assets
HIPO liabilities and equity
HIPO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HIPO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $472.0M | $197.6M | $490.9M | $640.4M | $784.7M | $452.3M | $23.3M |
| Cash & equivalents | $218.3M | $197.6M | $142.1M | $194.5M | $775.6M | $452.3M | $23.3M |
| Short-term investments | $253.7M | $373.3M | $348.8M | $445.9M | $9.1M | $230.0M | — |
| Receivables | $696.3M | $167.0M | $505.9M | $448.3M | $365.0M | $192.5M | $3.5M |
| Inventory | $0 | $0 | −$907.1M | −$741.7M | −$936.4M | −$1.7M | $0 |
| Other current assets | $391.2M | $0 | $1.31B | $1.12B | $936.4M | $1.7M | $0 |
| Total current assets | $1.56B | $364.6M | $1.40B | $1.47B | $1.15B | $644.8M | $23.3M |
| Property, plant & equipment (net) | $33.2M | $37.7M | $45.5M | $33.0M | $1.1M | $0 | $900,000 |
| Goodwill & intangible assets | $142.2M | $65.1M | $75.7M | $65.7M | $111.6M | $96.4M | $25.3M |
| Long-term investments | $445.9M | $373.3M | $348.8M | $445.9M | $64.0M | $56.0M | $0 |
| Other non-current assets | $0 | $702.7M | $0 | $0 | $316.3M | $182.2M | $121.0M |
| Total assets | $1.91B | $1.54B | $1.52B | $1.57B | $1.64B | $979.4M | $170.5M |
| Liabilities | |||||||
| Accounts payable | $319.3M | $267.9M | $286.4M | $234.8M | $182.6M | $96.0M | $3.2M |
| Deferred revenue | $579.7M | — | $419.2M | $341.3M | — | — | — |
| Total current liabilities | $1.35B | $267.9M | $1.07B | $911.7M | $182.6M | $96.0M | $18.2M |
| Long-term debt | $47.9M | $0 | $0 | $0 | $0 | $273.0M | $0 |
| Lease obligations | $4.5M | $10.0M | $14.8M | $28.9M | — | — | — |
| Other long-term liabilities | $70.4M | $910.3M | $71.5M | $63.7M | $19.9M | $6.1M | $0 |
| Total liabilities | $1.47B | $1.18B | $1.14B | $975.4M | $781.0M | $1.18B | $18.2M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | — | — | — | — | −$1.64B | $204.8M | $1 |
| Retained earnings (deficit) | −$1.22B | −$1.27B | −$1.23B | −$961.1M | −$628.0M | −$256.6M | −$115.1M |
| Accumulated other comprehensive income | $1.8M | −$2.7M | −$2.9M | −$7.0M | −$700,000 | $100,000 | $99,999 |
| Minority interest | $0 | $3.1M | $6.8M | $3.6M | $2.1M | — | — |
| Total shareholders' equity | $436.1M | $362.1M | $377.9M | $589.9M | $859.6M | −$199.6M | $118.7M |
| Key figures | |||||||
| Total debt | $52.4M | $10.0M | $14.8M | $28.9M | — | $273.0M | — |
| Net cash (debt) | $419.6M | $187.6M | $476.1M | $611.5M | — | $179.3M | — |
| Working capital | $208.4M | $96.7M | $328.2M | $554.3M | $967.1M | $548.8M | $5.1M |
| Tangible book value | $293.9M | $297.0M | $302.2M | $524.2M | $748.0M | −$296.0M | $93.4M |
| Book value per share | $16.77 | $14.66 | $16.03 | $25.93 | $55.55 | — | — |
| Shares outstanding | 26.0M | 24.7M | 23.6M | 22.7M | 15.5M | — | — |
| Current ratio | 1.15 | 1.36 | 1.31 | 1.61 | 6.30 | 6.72 | 1.28 |
| Quick ratio | 0.86 | 1.36 | 0.93 | 1.19 | 6.30 | 6.72 | 1.47 |
| Debt / equity | 0.12 | 0.03 | 0.04 | 0.05 | — | — | — |
| Equity / assets | 22.9% | 23.5% | 24.8% | 37.6% | 52.3% | −20.4% | 69.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $444.8M | $519.8M | $472.0M | $520.9M | $454.0M | $392.8M | $197.6M | $343.7M | $396.3M | $408.9M | $490.9M | $481.4M |
| Cash & equivalents | $244.5M | $275.4M | $218.3M | $247.7M | $198.9M | $140.9M | $197.6M | $191.2M | $175.9M | $223.4M | $142.1M | $228.4M |
| Short-term investments | $200.3M | $244.4M | $253.7M | $273.2M | $255.1M | $251.9M | $373.3M | $152.5M | $220.4M | $185.5M | $348.8M | $253.0M |
| Receivables | $159.4M | $813.9M | $696.3M | $682.4M | $638.6M | $585.5M | $167.0M | $157.8M | $541.5M | $527.4M | $505.9M | $533.8M |
| Inventory | $1.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$491.8M | −$501.9M | −$907.1M | −$1.17B |
| Other current assets | $0 | $422.7M | $391.2M | $368.7M | $329.7M | $294.9M | $0 | $0 | $204.4M | $210.0M | $546.7M | $719.3M |
| Total current assets | $595.4M | $1.76B | $1.56B | $1.57B | $1.42B | $1.27B | $364.6M | $501.5M | $650.4M | $644.4M | $636.4M | $562.3M |
| Property, plant & equipment (net) | $32.2M | $32.7M | $33.2M | $33.8M | $34.3M | $36.7M | $37.7M | $38.7M | $39.8M | $41.0M | $45.5M | $49.7M |
| Goodwill & intangible assets | $55.0M | $83.9M | $142.2M | $86.1M | $83.8M | $85.2M | $65.1M | $23.8M | $74.9M | $75.1M | $75.7M | $70.5M |
| Long-term investments | $498.0M | $423.9M | $445.9M | $420.2M | $405.1M | $388.3M | $373.3M | $354.3M | $315.5M | $287.4M | $348.8M | $330.0M |
| Other non-current assets | $1.14B | $0 | $0 | $0 | $0 | $0 | $702.7M | $627.1M | $429.7M | $448.4M | $418.3M | $634.5M |
| Total assets | $2.32B | $2.06B | $1.91B | $1.87B | $1.71B | $1.54B | $1.54B | $1.55B | $1.51B | $1.50B | $1.52B | $1.65B |
| Liabilities | ||||||||||||
| Accounts payable | $396.3M | $369.1M | $319.3M | $349.2M | $322.7M | $261.5M | $267.9M | $285.6M | $273.9M | $288.5M | $286.4M | $321.7M |
| Deferred revenue | $741.0M | $615.3M | $579.7M | $564.4M | $506.2M | $446.0M | — | — | — | — | — | — |
| Total current liabilities | $1.74B | $1.50B | $1.35B | $1.33B | $1.25B | $1.14B | $267.9M | $285.6M | $453.9M | $461.1M | $460.6M | $321.7M |
| Long-term debt | $47.9M | $47.9M | $47.9M | $47.9M | $47.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.8M | $3.6M | $4.5M | $5.3M | $6.1M | $8.9M | $10.0M | $11.1M | $12.3M | $13.4M | $14.8M | $15.9M |
| Other long-term liabilities | $67.2M | $66.3M | $70.4M | $71.8M | $75.1M | $78.6M | $910.3M | $11.1M | $147.7M | $115.0M | $62.5M | $31.5M |
| Total liabilities | $1.85B | $1.61B | $1.47B | $1.45B | $1.37B | $1.21B | $1.18B | $1.22B | $1.18B | $1.14B | $1.14B | $1.24B |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$1.20B | −$1.21B | −$1.22B | −$1.22B | −$1.32B | −$1.32B | −$1.27B | −$1.32B | −$1.31B | −$1.27B | −$1.23B | −$1.19B |
| Accumulated other comprehensive income | −$2.0M | −$600,000 | $1.8M | $1.4M | $100,000 | −$600,000 | −$2.7M | $500,000 | −$3.6M | −$3.4M | −$2.9M | −$7.1M |
| Minority interest | $0 | — | $0 | $0 | $1.6M | — | — | — | — | — | — | — |
| Total shareholders' equity | $465.6M | $448.7M | $436.1M | $421.5M | $332.5M | $322.8M | $362.1M | $326.4M | $322.6M | $351.2M | $377.9M | $407.0M |
| Key figures | ||||||||||||
| Total debt | $50.7M | $51.5M | $52.4M | $53.2M | $54.0M | $8.9M | $10.0M | $11.1M | $12.3M | $13.4M | $14.8M | $15.9M |
| Net cash (debt) | $394.1M | $468.3M | $419.6M | $467.7M | $400.0M | $383.9M | $187.6M | $332.6M | $384.0M | $395.5M | $476.1M | $465.5M |
| Working capital | −$1.14B | $257.4M | $208.4M | $239.6M | $173.2M | $137.1M | $96.7M | $215.9M | $196.5M | $183.3M | $175.8M | $240.6M |
| Tangible book value | $410.6M | $364.8M | $293.9M | $335.4M | $248.7M | $237.6M | $297.0M | $302.6M | $247.7M | $276.1M | $302.2M | $336.5M |
| Book value per share | $17.54 | $17.03 | $16.62 | $16.20 | $12.78 | $12.92 | $14.56 | $13.02 | $13.10 | $14.50 | $15.65 | $17.15 |
| Shares outstanding | 26.6M | 26.4M | 26.2M | 26.0M | 26.0M | 25.0M | 24.9M | 25.1M | 24.6M | 24.2M | 24.1M | 23.7M |
| Current ratio | 0.34 | 1.17 | 1.15 | 1.18 | 1.14 | 1.12 | 1.36 | 1.76 | 1.43 | 1.40 | 1.38 | 1.75 |
| Quick ratio | 0.35 | 0.89 | 0.86 | 0.90 | 0.87 | 0.86 | 1.36 | 1.76 | 2.07 | 2.03 | 2.16 | 3.16 |
| Debt / equity | 0.11 | 0.11 | 0.12 | 0.13 | 0.16 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Equity / assets | 20.1% | 21.8% | 22.9% | 22.5% | 19.5% | 21.0% | 23.5% | 21.1% | 21.4% | 23.5% | 24.8% | 24.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
HIPO financial position
At the end of fiscal 2025 (December 31, 2025), Hippo had total assets of $1.9 billion (up 23.5% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $436.1 million. It held $472.0 million in cash and short-term investments against $52.4 million of debt, a net cash position of $419.6 million. Its current ratio was 1.15. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $465.6 million.
Related: HIPO income statement, HIPO cash flow statement, HIPO key metrics. See the HIPO stock overview for the latest quote and news.
HIPO balance sheet FAQ
What are Hippo's total assets?
Hippo reported total assets of $1.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Hippo have?
Hippo had $52.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.12.
How much cash does Hippo have?
Hippo held $472.0 million in cash and short-term investments at the end of fiscal 2025; with $52.4 million of debt that is net cash of $419.6 million.
What is Hippo's book value?
Hippo's shareholders' equity (book value) was $436.1 million at the end of fiscal 2025, or $16.77 per share.
What is Hippo's current ratio?
Hippo had current assets of $1.6 billion and current liabilities of $1.4 billion, a current ratio of 1.15 (it can cover its short-term obligations).
How much goodwill does Hippo have?
Hippo carried $142.2 million of goodwill and intangible assets, 7.5% of total assets, at the end of fiscal 2025.