TIPT - Tiptree Inc.
NASDAQ
->
Financial Services
->
Insurance - Specialty
Greenwich,
United States
Type: Equity
TIPT price evolution
TIPT
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $605.38 | $602.96 | $492.56 | $537.36 |
| Short term investments | ||||
| Net receivables | $2645.96 | $2540.82 | $2539.02 | $2301.22 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | ||||
| Goodwill & intangible assets | $316.81 | $320.47 | $324.91 | $327.63 |
| Total noncurrent assets | ||||
| Total investments | $1028.38 | $999.64 | $1051.56 | $933.5 |
| Total assets | $5304.71 | $5189.94 | $5139.31 | $4827.39 |
| Current liabilities | ||||
| Accounts payable | $478.17 | $539.35 | $543.6 | $471.24 |
| Deferred revenue | $2354.81 | $2332.01 | $2368.14 | $2285.23 |
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $387.34 | $405.76 | $402.41 | $323.64 |
| Total liabilities | $4686.64 | $4591.3 | $4562.75 | $4283.82 |
| Shareholders' equity | ||||
| Retained earnings | $78.11 | $67.49 | $60.66 | $55.64 |
| Other shareholder equity | -$29.22 | -$27.93 | -$26.07 | -$40.58 |
| Total shareholder equity | $436.45 | $424.74 | $416.87 | $396.09 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $492.56 | $550.85 | $195.09 | $195.28 |
| Short term investments | ||||
| Net receivables | $2539.02 | $1678.4 | $1335.2 | $1098.46 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | ||||
| Goodwill & intangible assets | $324.91 | $303.62 | $301.86 | $317.45 |
| Total noncurrent assets | ||||
| Total investments | $1051.56 | $835.62 | $990.17 | $811.4 |
| Total assets | $5139.31 | $4039.56 | $3599.15 | $2995.76 |
| Current liabilities | ||||
| Accounts payable | $543.6 | $305.1 | $265.57 | $224.66 |
| Deferred revenue | $2368.14 | $2006.59 | $1658.82 | $1259.9 |
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $402.41 | $259.37 | $393.35 | $366.25 |
| Total liabilities | $4562.75 | $3505.99 | $3198.97 | $2622.22 |
| Shareholders' equity | ||||
| Retained earnings | $60.66 | $54.11 | $68.15 | $35.42 |
| Other shareholder equity | -$26.07 | -$39.43 | -$2.69 | $5.67 |
| Total shareholder equity | $416.87 | $397.37 | $382.95 | $356.14 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $546.67 | $498.22 | $446.37 | $416.51 |
| Cost of revenue | $233.97 | $207.66 | $158.42 | $153.97 |
| Gross Profit | $312.7 | $290.56 | $287.95 | $262.55 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $49.92 | $49.19 | $48.23 | $45.66 |
| Total operating expenses | $264.04 | $252.57 | $250.42 | $234.69 |
| Operating income | $48.66 | $37.99 | $37.53 | $27.86 |
| Income from continuing operations | ||||
| EBIT | $39.54 | $31.16 | $28.27 | $21.14 |
| Income tax expense | $18.67 | $13.82 | $13.94 | $12.27 |
| Interest expense | $8.02 | $8.29 | $7.47 | $6.72 |
| Net income | ||||
| Net income | $12.85 | $9.05 | $6.87 | $2.15 |
| Income (for common shares) | $12.85 | $9.05 | $6.87 | $2.15 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1649.03 | $1397.75 | $1200.51 | $810.3 |
| Cost of revenue | $601.79 | $452.61 | $327.01 | $236.9 |
| Gross Profit | $1047.24 | $945.15 | $873.5 | $573.4 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $179.07 | $182.66 | $207.32 | $172.74 |
| Total operating expenses | $936.49 | $860.9 | $770.49 | $579.67 |
| Operating income | $110.75 | $84.25 | $103.02 | -$6.27 |
| Income from continuing operations | ||||
| EBIT | $84.7 | $72.42 | $97.1 | -$10.2 |
| Income tax expense | $43.06 | $50.45 | $21.29 | -$13.63 |
| Interest expense | $27.69 | $30.24 | $37.67 | $32.58 |
| Net income | ||||
| Net income | $13.95 | -$8.27 | $38.13 | -$29.16 |
| Income (for common shares) | $13.95 | -$8.27 | $38.13 | -$29.16 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $12.85 | $9.05 | $6.87 | $2.15 |
| Operating activities | ||||
| Depreciation | $7.26 | $7.56 | $7.94 | $8.27 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $3.41 | $3.85 | $2.32 | $1.86 |
| Total cash flows from operations | $46.88 | $62.7 | -$22.11 | $57.2 |
| Investing activities | ||||
| Capital expenditures | -$0.91 | -$0.79 | -$1.53 | -$0.92 |
| Investments | -$21 | $41.26 | -$98.42 | $128.79 |
| Total cash flows from investing | -$21.91 | $40.47 | -$99.95 | $127.87 |
| Financing activities | ||||
| Dividends paid | -$3.93 | -$3.82 | -$3.45 | -$3.43 |
| Sale and purchase of stock | ||||
| Net borrowings | -$18.73 | $3.05 | $78.47 | -$37.84 |
| Total cash flows from financing | -$22.89 | $7.98 | $73.8 | -$41.27 |
| Effect of exchange rate | $0.34 | -$0.75 | $3.46 | -$4.44 |
| Change in cash and equivalents | $2.42 | $110.4 | -$44.8 | $139.36 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $13.95 | -$8.27 | $38.13 | -$29.16 |
| Operating activities | ||||
| Depreciation | $31.42 | $32.27 | $33.36 | $24.95 |
| Business acquisitions & disposals | -$19.73 | -$14.22 | $0.26 | -$4.81 |
| Stock-based compensation | $8.28 | $9.71 | $11.13 | $8.12 |
| Total cash flows from operations | $71.45 | $463.07 | $204.32 | $140.17 |
| Investing activities | ||||
| Capital expenditures | -$14.03 | -$10.73 | $5.84 | -$6.69 |
| Investments | -$210.91 | $34.46 | -$279.86 | -$114.97 |
| Total cash flows from investing | -$244.67 | $9.51 | -$273.76 | -$123.49 |
| Financing activities | ||||
| Dividends paid | -$13.73 | -$7.78 | -$5.41 | -$5.57 |
| Sale and purchase of stock | -$1.73 | -$8.14 | -$13.89 | |
| Net borrowings | $141.92 | -$302.16 | $90.82 | $53.34 |
| Total cash flows from financing | $113.41 | -$115.19 | $73.73 | $31.75 |
| Effect of exchange rate | $1.52 | -$1.83 | ||
| Change in cash and equivalents | -$58.29 | $355.57 | $4.29 | $48.43 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | N/A |
| Revenue | $1.91B |
|---|---|
| EBITDA | $151.14M |
| EBIT | $120.11M |
| Net Income | $30.93M |
| Revenue Q/Q | 35.14% |
| Revenue Y/Y | 25.58% |
| P/E ratio | N/A |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | N/A |
|---|---|
| ROA | 0.60% |
| ROE | 7.39% |
| Debt/Equity | 10.95 |
|---|---|
| Net debt/EBITDA | 27.00 |
| Current ratio | N/A |
| Quick ratio | N/A |