Tiptree Inc. (TIPT)

Tiptree Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,766	1,649	1,398	1,201	810.3	772.73
Revenue Growth (YoY)	21.39%	17.98%	16.43%	48.16%	4.86%	23.47%
Cost of Revenue	667.78	601.79	452.61	327.01	236.9	170.68
Gross Profit	1,098	1,047	945.15	873.5	573.4	602.05
Selling, General & Admin	187.46	179.08	182.66	207.32	172.74	129.48
Other Operating Expenses	776.29	757.42	678.24	563.16	406.94	416.37
Operating Expenses	963.75	936.49	860.9	770.49	579.67	545.85
Operating Income	134.1	110.75	84.25	103.02	-6.27	56.2
Interest Expense / Income	29.52	27.69	30.24	37.67	32.58	27.06
Other Expense / Income	28.66	26.05	11.84	5.92	3.93	1.76
Pretax Income	75.92	57.01	42.18	59.42	-42.79	27.38
Income Tax	51.85	43.06	50.45	21.29	-13.63	9.02
Net Income	24.06	13.95	-8.27	38.13	-29.16	18.36
Net Income Growth	-	-	-	-	-	-23.28%
Shares Outstanding (Basic)	37	37	36	33	34	35
Shares Outstanding (Diluted)	38	38	36	34	34	35
Shares Change	3.44%	5.88%	5.47%	-0.51%	-2.08%	-0.40%
EPS (Basic)	0.65	0.38	-0.23	1.13	-0.86	0.52
EPS (Diluted)	0.57	0.33	-0.23	1.09	-0.86	0.50
EPS Growth	-	-	-	-	-	-27.54%
Free Cash Flow	81.24	57.42	452.35	201.55	133.48	27.08
Free Cash Flow Per Share	2.21	1.56	12.73	6.07	3.94	0.78
Dividend Per Share	0.150	0.200	0.160	0.160	0.160	0.155
Dividend Growth	-11.76%	25.00%	0%	0%	3.23%	14.81%
Gross Margin	62.18%	63.51%	67.62%	72.76%	70.76%	77.91%
Operating Margin	7.59%	6.72%	6.03%	8.58%	-0.77%	7.27%
Profit Margin	1.36%	0.85%	-0.59%	3.18%	-3.60%	2.38%
Free Cash Flow Margin	4.60%	3.48%	32.36%	16.79%	16.47%	3.50%
Effective Tax Rate	68.30%	75.53%	119.62%	35.83%	-	32.94%
EBITDA	137.09	116.12	104.69	130.46	14.75	75.57
EBITDA Margin	7.76%	7.04%	7.49%	10.87%	1.82%	9.78%
Depreciation & Amortization	31.65	31.42	32.27	33.36	24.95	21.14
EBIT	105.43	84.7	72.42	97.1	-10.2	54.44
EBIT Margin	5.97%	5.14%	5.18%	8.09%	-1.26%	7.04%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).