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MARKETS / NASDAQ / TIPT
NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Tiptree Inc. TIPT

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$488,000
▼ 67.9% YoY
$34.9M
▼ 34.6% YoY
$168.2M
▼ 30.1% YoY
In brief

What this company does

At Tiptree, its mission is to build long-term value by allocating capital to select small and middle market companies across industries. The company has a significant track record investing in the insurance and credit-related financial sectors. With proprietary access and a flexible capital base, it seeks to uncover compelling investment opportunities and support management teams in unlocking the full value potential of their businesses. It acquires controlling interests and invests in businesses that it believes operate in industries with long-term growth opportunities, have positive and stable cash flows, offer scalable business models with embedded optionality, and have strong management teams. Its Insurance business, Fortegra, is a growing, consistently profitable, and multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets. Fortegra underwrites specialty programs which are distributed primarily through MGAs, retail agents and other distributors, collectively referred to as distribution partners. Its mortgage operation was conducted through Reliance First Capital, LLC and had been focused on primarily originating and servicing agency-eligible (Federal Housing Administration and Veterans Administration) and conventional and government loans that can be transferred to Ginnie Mae pools or sold on a servicing-retained or servicing-released basis to Fannie Mae, Freddie Mac or secondary market investors and aggregators.

Written from the business description in Tiptree Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 9 March 2026. Every sentence was checked against that document before publication.

Growth
USD 488,000.00
Revenue, FY2025 · full 15-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.5 · Net income 34.9
200M20112013201520172019202120232025
Compound annual growth
−88.2%
−68.7%
−48.8%
+19.7%
+14.5%
+8.4%
−1.5%
−14.2%
+2.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −68.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7157 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -9574.6% · Net 7157.2%
2000%4000%6000%-5000%20112013201520172019202120232025
ROE
FY2025 · ROE 7.2%
5%10%15%-2%-4%-6%20112013201520172019202120232025

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders
USD 9.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 168.2
200M400M20112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 9.1 · Net buybacks —
20M40M-10M-20MDividendsNet buybacks20112013201520172019202120232025

USD 9.1M in dividends — 26% of the year's profit went back to shareholders.

Total assetsUSD 6.8B
EquityUSD 508.6M
CashUSD 30.8M
Gross debtUSD 72.1M
Net debtUSD 41.3M
Current ratio1.88×

Net debt stands at 8% of equity.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B0.00.00.00.30.30.20.10.10.10.10.40.10.00.10.0
Operating income $B−0.0−0.0−0.00.10.1−0.00.0−0.0−0.00.0−0.00.00.00.0·
EBITDA $B−0.0−0.0−0.00.10.1−0.00.0−0.00.00.10.00.00.0··
Income tax $B−0.0−0.0−0.00.10.0−0.00.0−0.0−0.00.0−0.00.00.0−0.0·
Net income $B0.00.10.0−0.00.0−0.00.00.00.00.00.0−0.00.00.00.0
Free cash flow $B0.20.20.10.50.20.10.00.10.00.0−0.00.0−0.00.0−0.0
EPS, diluted $0.761.340.34−0.231.09−0.86·0.69···−0.101.010.851.60
Dividend / sh $0.240.490.200.160.160.16·0.14·····0.14·
Payout %263453−9414−193020971357−04625
ROE %7.212.23.4−2.110.3−7.74.77.01.28.41.9−0.910.08.617.7
Shares out B0.040.040.040.040.030.030.03······0.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNASDAQ
Incorporated inMaryland
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2011

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