Tiptree Inc
NASDAQ:TIPT
Income Statement
Earnings Waterfall
Tiptree Inc
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-630.7m
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-935.3m
USD
|
Operating Income
|
83.1m
USD
|
Other Expenses
|
-69.2m
USD
|
Net Income
|
13.9m
USD
|
Income Statement
Tiptree Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
24
N/A
|
13
-47%
|
2
-81%
|
(7)
N/A
|
80
N/A
|
159
+97%
|
248
+57%
|
347
+40%
|
392
+13%
|
483
+23%
|
516
+7%
|
529
+3%
|
506
-4%
|
522
+3%
|
529
+1%
|
542
+2%
|
582
+7%
|
584
+0%
|
597
+2%
|
625
+5%
|
626
+0%
|
662
+6%
|
700
+6%
|
717
+2%
|
773
+8%
|
719
-7%
|
727
+1%
|
762
+5%
|
810
+6%
|
975
+20%
|
1 076
+10%
|
1 138
+6%
|
1 201
+5%
|
1 231
+3%
|
1 271
+3%
|
1 348
+6%
|
1 398
+4%
|
1 454
+4%
|
1 519
+4%
|
1 572
+3%
|
1 649
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(12)
|
(6)
|
0
|
5
|
(26)
|
(49)
|
(78)
|
(114)
|
(122)
|
(165)
|
(173)
|
(162)
|
(168)
|
(192)
|
(213)
|
(251)
|
(267)
|
(273)
|
(280)
|
(286)
|
(290)
|
(303)
|
(313)
|
(320)
|
(330)
|
(326)
|
(323)
|
(316)
|
(313)
|
(333)
|
(366)
|
(402)
|
(434)
|
(464)
|
(492)
|
(522)
|
(553)
|
(578)
|
(591)
|
(609)
|
(631)
|
|
Gross Profit |
12
N/A
|
6
-47%
|
3
-58%
|
(2)
N/A
|
54
N/A
|
110
+103%
|
170
+55%
|
232
+36%
|
270
+16%
|
318
+18%
|
343
+8%
|
367
+7%
|
338
-8%
|
330
-2%
|
316
-4%
|
291
-8%
|
314
+8%
|
311
-1%
|
318
+2%
|
339
+7%
|
336
-1%
|
359
+7%
|
387
+8%
|
396
+2%
|
443
+12%
|
392
-11%
|
404
+3%
|
446
+10%
|
498
+12%
|
643
+29%
|
710
+11%
|
737
+4%
|
766
+4%
|
767
+0%
|
779
+2%
|
826
+6%
|
845
+2%
|
876
+4%
|
928
+6%
|
964
+4%
|
1 018
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
5
|
6
|
20
|
27
|
(47)
|
(109)
|
(172)
|
(243)
|
(273)
|
(320)
|
(332)
|
(341)
|
(289)
|
(282)
|
(284)
|
(274)
|
(318)
|
(325)
|
(326)
|
(344)
|
(356)
|
(367)
|
(381)
|
(390)
|
(412)
|
(450)
|
(473)
|
(499)
|
(536)
|
(560)
|
(621)
|
(658)
|
(701)
|
(742)
|
(760)
|
(786)
|
(791)
|
(813)
|
(846)
|
(885)
|
(935)
|
|
Selling, General & Administrative |
(17)
|
(14)
|
(12)
|
(11)
|
(34)
|
(48)
|
(65)
|
(87)
|
(89)
|
(118)
|
(128)
|
(136)
|
(116)
|
(114)
|
(110)
|
(100)
|
(116)
|
(115)
|
(113)
|
(113)
|
(156)
|
(115)
|
(119)
|
(124)
|
(182)
|
(155)
|
(178)
|
(203)
|
(230)
|
(246)
|
(261)
|
(270)
|
(288)
|
(289)
|
(288)
|
(276)
|
(253)
|
(244)
|
(239)
|
(249)
|
(261)
|
|
Depreciation & Amortization |
(2)
|
(3)
|
(3)
|
(4)
|
(12)
|
(26)
|
(36)
|
(44)
|
(31)
|
(38)
|
(34)
|
(30)
|
(14)
|
(10)
|
(6)
|
(3)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(16)
|
(16)
|
(18)
|
(20)
|
(21)
|
(24)
|
(24)
|
(25)
|
(25)
|
(24)
|
(23)
|
(22)
|
(22)
|
(23)
|
(23)
|
|
Other Operating Expenses |
23
|
22
|
35
|
41
|
(2)
|
(35)
|
(72)
|
(112)
|
(153)
|
(163)
|
(171)
|
(174)
|
(159)
|
(159)
|
(167)
|
(171)
|
(188)
|
(197)
|
(200)
|
(218)
|
(187)
|
(239)
|
(249)
|
(253)
|
(217)
|
(280)
|
(279)
|
(281)
|
(289)
|
(295)
|
(338)
|
(364)
|
(388)
|
(428)
|
(447)
|
(484)
|
(515)
|
(547)
|
(586)
|
(614)
|
(650)
|
|
Operating Income |
16
N/A
|
12
-28%
|
23
+95%
|
24
+7%
|
7
-71%
|
1
-90%
|
(2)
N/A
|
(10)
-500%
|
(3)
+72%
|
(2)
+45%
|
11
N/A
|
26
+138%
|
49
+87%
|
48
-2%
|
32
-33%
|
17
-48%
|
(3)
N/A
|
(14)
-336%
|
(8)
+45%
|
(5)
+35%
|
(20)
-288%
|
(8)
+62%
|
7
N/A
|
6
-8%
|
30
+397%
|
(57)
N/A
|
(69)
-20%
|
(54)
+22%
|
(39)
+28%
|
82
N/A
|
89
+9%
|
79
-12%
|
65
-17%
|
25
-62%
|
18
-27%
|
40
+117%
|
54
+36%
|
63
+17%
|
82
+30%
|
78
-5%
|
83
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(6)
|
(7)
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
16
N/A
|
12
-28%
|
23
+95%
|
24
+7%
|
1
-97%
|
(7)
N/A
|
(9)
-36%
|
(18)
-93%
|
(3)
+84%
|
(2)
+45%
|
11
N/A
|
26
+138%
|
49
+87%
|
48
-2%
|
32
-33%
|
17
-48%
|
(3)
N/A
|
(14)
-336%
|
(8)
+45%
|
(5)
+35%
|
(20)
-288%
|
(8)
+62%
|
7
N/A
|
6
-8%
|
29
+377%
|
(58)
N/A
|
(69)
-20%
|
(54)
+22%
|
(39)
+27%
|
82
N/A
|
89
+9%
|
79
-12%
|
65
-17%
|
25
-62%
|
18
-27%
|
40
+117%
|
54
+36%
|
63
+17%
|
82
+30%
|
78
-5%
|
83
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
2
|
4
|
7
|
(4)
|
(3)
|
(4)
|
(8)
|
1
|
(0)
|
(5)
|
(6)
|
(13)
|
(17)
|
(11)
|
(6)
|
(3)
|
0
|
(2)
|
(3)
|
6
|
3
|
1
|
1
|
(9)
|
13
|
17
|
17
|
6
|
(24)
|
(26)
|
(27)
|
(21)
|
(12)
|
(37)
|
(42)
|
(51)
|
(56)
|
(41)
|
(48)
|
(43)
|
|
Income from Continuing Operations |
16
|
13
|
27
|
31
|
(3)
|
(10)
|
(13)
|
(26)
|
(2)
|
(2)
|
6
|
20
|
37
|
32
|
21
|
11
|
(6)
|
(14)
|
(10)
|
(8)
|
(14)
|
(4)
|
7
|
7
|
20
|
(45)
|
(53)
|
(37)
|
(33)
|
59
|
63
|
52
|
44
|
12
|
(18)
|
(2)
|
4
|
8
|
41
|
30
|
40
|
|
Income to Minority Interest |
(30)
|
(28)
|
(29)
|
(33)
|
(6)
|
(3)
|
(6)
|
(1)
|
(3)
|
(6)
|
(2)
|
(6)
|
(7)
|
(5)
|
(4)
|
(1)
|
(2)
|
(7)
|
(8)
|
(8)
|
(6)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(4)
|
(7)
|
(7)
|
(6)
|
(6)
|
(4)
|
(4)
|
(8)
|
(12)
|
(16)
|
(21)
|
(22)
|
(26)
|
|
Net Income (Common) |
10
N/A
|
11
+3%
|
9
-13%
|
12
+27%
|
(2)
N/A
|
(4)
-159%
|
9
N/A
|
(0)
N/A
|
6
N/A
|
12
+112%
|
3
-72%
|
14
+309%
|
25
+82%
|
21
-18%
|
10
-50%
|
1
-87%
|
4
+177%
|
26
+628%
|
31
+20%
|
34
+8%
|
24
-29%
|
4
-82%
|
15
+249%
|
14
-6%
|
18
+27%
|
(46)
N/A
|
(53)
-16%
|
(39)
+26%
|
(29)
+26%
|
59
N/A
|
63
+6%
|
52
-17%
|
37
-28%
|
8
-78%
|
(22)
N/A
|
(10)
+56%
|
(8)
+14%
|
(8)
-1%
|
20
N/A
|
8
-60%
|
14
+78%
|
|
EPS (Diluted) |
0.98
N/A
|
1
+2%
|
0.86
-14%
|
0.67
-22%
|
-0.1
N/A
|
-0.13
-30%
|
0.26
N/A
|
0
N/A
|
0.17
N/A
|
0.35
+106%
|
0.09
-74%
|
0.37
+311%
|
0.79
+114%
|
0.56
-29%
|
0.35
-38%
|
0.04
-89%
|
0.12
+200%
|
0.87
+625%
|
0.83
-5%
|
0.93
+12%
|
0.68
-27%
|
0.12
-82%
|
0.42
+250%
|
0.4
-5%
|
0.52
+30%
|
-1.35
N/A
|
-1.56
-16%
|
-1.15
+26%
|
-0.86
+25%
|
1.71
N/A
|
1.77
+4%
|
1.52
-14%
|
1.11
-27%
|
0.24
-78%
|
-0.57
N/A
|
-0.28
+51%
|
-0.23
+18%
|
-0.25
-9%
|
0.53
N/A
|
0.21
-60%
|
0.37
+76%
|