Tiptree Inc. (TIPT) Income Statement
TIPT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTIPT revenue and net income
Where TIPT's revenue goes
2025Each bar shows an amount and its share of revenue. TIPT kept 7,157.2% of revenue as net income.
TIPT profit margins
TIPT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −100.0% | −93.0% | −77.3% | −48.8% |
| Gross profit | −100.0% | −92.0% | −75.7% | −49.4% |
| Operating income | −131.3% | — | — | — |
| Net income | −34.6% | — | — | +19.7% |
| EPS (diluted) | −8.5% | — | — | −4.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TIPT quarterly EPS vs estimates
Next report: October 30, 2026.
TIPT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $488,000 | $2.04B | $1.65B | $1.40B | $1.20B | $810.3M | $765.1M | $625.8M | $579.8M | $506.4M |
| Cost of revenue | $33.8M | $841.2M | $601.8M | $452.6M | $327.0M | $236.9M | $170.7M | $152.1M | $115.9M | $139.6M |
| Gross profit | $488,000 | $1.20B | $1.05B | $945.1M | $873.5M | $573.4M | $594.4M | $473.7M | $579.8M | $506.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $33.8M | $405.2M | $396.0M | $253.1M | $288.3M | $229.8M | $181.5M | $156.1M | $399.2M | $309.5M |
| Total operating expenses | $47.2M | $1.05B | $964.2M | $891.1M | $808.2M | $612.3M | $565.3M | $493.5M | $593.6M | $483.4M |
| Operating income | −$46.7M | $149.3M | $83.1M | $54.0M | $65.3M | −$38.9M | $29.1M | −$19.8M | −$13.8M | $23.1M |
| Interest income | — | $62.5M | $52.4M | $24.2M | $28.3M | $22.4M | $32.3M | $13.7M | $16.2M | $18.9M |
| Interest expense | — | $32.2M | $27.7M | $30.2M | $37.7M | $32.6M | $27.1M | $27.0M | $25.6M | $21.0M |
| Income before taxes | −$44.6M | $149.3M | $83.1M | $54.0M | $65.3M | −$38.9M | $29.1M | −$19.8M | −$3.3M | $49.1M |
| Income taxes | −$5.7M | $61.7M | $43.1M | $50.5M | $21.3M | −$13.6M | $9.0M | −$5.9M | −$12.6M | $12.5M |
| Net income | $34.9M | $53.4M | $14.0M | −$8.3M | $38.1M | −$29.2M | $18.4M | $23.9M | $3.6M | $25.3M |
| EBITDA | −$47.4M | $203.2M | $134.2M | $107.2M | $127.5M | $11.3M | $69.8M | $19.8M | $52.2M | $98.7M |
| EPS (diluted) | $1.18 | $1.29 | $1.04 | −$0.27 | $1.10 | −$1.04 | $0.50 | −$0.62 | −$0.46 | $0.73 |
| Gross margin | 100.0% | 58.8% | 63.5% | 67.6% | 72.8% | 70.8% | 77.7% | 75.7% | 100.0% | 100.0% |
| Operating margin | −9,574.6% | 7.3% | 5.0% | 3.9% | 5.4% | −4.8% | 3.8% | −3.2% | −2.4% | 4.6% |
| Net margin | 7,157.2% | 2.6% | 0.8% | −0.6% | 3.2% | −3.6% | 2.4% | 3.8% | 0.6% | 5.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M | $7.5M | $0 | $523.4M | $527.0M | $496.7M | $503.1M | $494.0M | $547.4M | $504.7M | $446.2M | $416.6M |
| Cost of revenue | $6.5M | $6.8M | −$798.0M | $362.2M | $226.5M | $209.3M | $196.1M | $203.4M | $234.0M | $207.7M | $158.4M | $154.0M |
| Gross profit | $3.9M | $705,000 | −$748.5M | $161.2M | $300.5M | $287.4M | $306.9M | $290.6M | $313.4M | $297.1M | $287.8M | $262.6M |
| Sales, general & admin | $6.5M | $6.8M | $216.1M | $89.2M | $80.0M | $97.3M | $93.5M | $95.4M | $70.8M | $72.7M | $69.2M | $65.9M |
| Total operating expenses | $9.1M | $9.0M | −$585.5M | $122.9M | $247.8M | $262.0M | $264.8M | $253.8M | $272.8M | $267.4M | $257.7M | $241.5M |
| Operating income | −$9.1M | −$8.3M | −$163.1M | $38.3M | $52.7M | $25.4M | $42.2M | $36.8M | $40.6M | $29.7M | $30.1M | $21.1M |
| Interest income | — | — | — | $20.7M | $18.1M | $18.8M | $17.9M | $16.9M | $14.0M | $13.7M | $25.7M | $8.0M |
| Interest expense | — | — | $31.9M | $10.7M | $10.9M | $10.4M | $8.3M | $7.6M | $8.0M | $8.3M | $7.5M | $6.7M |
| Income before taxes | −$5.1M | −$8.3M | −$160.9M | $38.3M | $52.7M | $25.4M | $42.2M | $36.8M | $40.6M | $29.7M | $30.1M | $21.1M |
| Income taxes | $1.3M | −$1.2M | −$62.3M | $22.7M | $21.6M | $12.4M | $12.9M | $16.3M | $18.7M | $13.8M | $13.9M | $12.3M |
| Net income | $389.2M | $14.2M | $3.9M | $6.4M | $19.0M | $5.6M | $19.6M | $11.9M | $12.9M | $9.1M | $6.9M | $2.2M |
| EBITDA | −$4.8M | −$7.9M | −$210.7M | $54.2M | $68.5M | $40.6M | $55.9M | $49.8M | $54.0M | $43.6M | $43.5M | $34.2M |
| EPS (diluted) | −$0.17 | $0.34 | $0.56 | $0.13 | $0.37 | $0.13 | $0.47 | $0.29 | $0.31 | $0.22 | $0.88 | $0.04 |
| Gross margin | 100.0% | 9.4% | — | 30.8% | 57.0% | 57.9% | 61.0% | 58.8% | 57.3% | 58.9% | 64.5% | 63.0% |
| Operating margin | −231.1% | −111.0% | — | 7.3% | 10.0% | 5.1% | 8.4% | 7.4% | 7.4% | 5.9% | 6.7% | 5.1% |
| Net margin | 9,937.0% | 190.8% | — | 1.2% | 3.6% | 1.1% | 3.9% | 2.4% | 2.3% | 1.8% | 1.5% | 0.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TIPT's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TIPT financial results
In fiscal year 2025 (ended December 31, 2025), Tiptree reported revenue of $0.5 million, down 100.0% from the year before. It had net income of $34.9 million (down 34.6%), a net profit margin of 7,157.2%. Diluted earnings per share came to $1.18. Over five years revenue grew at an average rate of −77.3% a year.
See the TIPT stock overview for the latest quote and news, or the TIPT chart for price history and technical indicators.
TIPT income statement FAQ
What is Tiptree's annual revenue?
Tiptree reported total revenue of $0.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 100.0% from $2.0 billion the previous year.
Is Tiptree profitable?
Yes. Tiptree reported net income of $34.9 million in fiscal 2025, a net profit margin of 7,157.2%; its operating margin was −9,574.6%.
What is Tiptree's gross margin?
Tiptree's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Tiptree kept $100 after the direct cost of its products and services.
How fast is Tiptree growing?
Revenue grew −77.3% a year on average over the last five fiscal years, from $810.3 million to $0.5 million.
What are Tiptree's earnings per share?
Tiptree earned $1.18 per diluted share in fiscal 2025, compared with $1.29 a year earlier.
When will Tiptree report its next earnings?
Tiptree is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Tiptree's fiscal year end?
Tiptree's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.