Tiptree Inc TIPT

FinancialsInvestment Holding CompaniesUnited States of America

Last close 17.22 USD on Nov 1, 2026, −5.7% year to date

Quant rating

Quant rating D Rank 692 of 799 in Financials

Growth D 609 of 799
Valuation B 273 of 799
Quality C 510 of 799
Revisions D 617 of 799
Momentum D 648 of 799

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 621M
Enterprise value: −484M
52-week range: 15.51 – 19.33
3-year range: 14.99 – 25.49
Dividend yield: 1.41%
Beta (5 years): 0.70
Shares outstanding: 36.4M
Next earnings: –

About the company

Tiptree Inc. is a holding company engaged in allocating capital to select small and middle market companies across industries. The Company invests across a variety of industries and asset types, including the insurance, asset management, specialty finance, real estate, and shipping sectors. The Company’s segments include Insurance and Mortgage. The Insurance segment consists of Fortegra Group, LLC (Fortegra), which is a multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets. Fortegra is an underwriting-focused company, with expertise within the admitted and excess and surplus (E&S) insurance lines and capital light fee-based services markets. It owns a diversified group of businesses and investments that are owned and managed separately as Tiptree Capital, which includes its mortgage segment operations. Tiptree Capital consists primarily of its mortgage operations and principal investments.

Growth and profitability

Growth and profitability by fiscal year
	2008	2007	2006	2005	2004	5Y avg
Revenue (mil)	0.5	−97.0	2.1	1,398	1,201	–
Revenue growth	100.6%	−4,680.2%	−99.8%	16.4%	48.2%	−76.9%
EPS (basic, normalized)	0.22	0.38	–	–	–	–
EPS growth	−42.1%	–	–	–	–	–
Gross margin	–	–	–	60.4%	63.8%	62.1%
Net margin	−7,232.5%	–	−1,829.1%	−0.6%	3.1%	−2,264.8%
ROE	−8.1%	−7.4%	−9.5%	−2.1%	10.3%	−3.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,105
Current ratio	5.07x
Long-term debt (mil)	0
Net debt (mil)	−1,105
Total equity (mil)	907
Net debt / equity	−1.22x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2008 actual	0.5	+100.6%	−900.5x	–	–	–	0.22	−42.1%	78.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2009	–	–	–	–	–	–	–	–
2010	–	–	–	–	–	–	–	–
2011	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jun 2007	Sep 2007	Dec 2007	Mar 2008	Jun 2008	Sep 2008	Dec 2008	Mar 2009	Jun 2009	Sep 2009
Sales reported (mil)	0.6	6.1	6.2	4.8	3.8	6.6	7.4	6.1	5.1	–
Sales mean (mil)	0.6	4.7	6.0	5.4	4.3	4.8	6.0	6.6	–	–
Surprise	−4.0%	+30.3%	+2.7%	−10.5%	−12.9%	+37.9%	+23.3%	−6.9%	–	–
EPS reported	0.01	0.18	0.18	0.17	0.12	0.04	−0.08	0.12	−0.03	−0.02
EPS mean	−0.21	0.15	0.18	0.13	0.14	0.20	0.15	0.17	0.14	0.12
Surprise	−104.8%	+16.1%	0.0%	+30.8%	−17.2%	−79.5%	−153.3%	−31.4%	−121.4%	−116.7%

Peer comparison Investment Holding Companies

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
TIPT Tiptree Inc	621M	–	−7,232.5%	0.70x	–	–	–	–
CODI Compass Diversified Holdings	839M	9.91x	−14.5%	1.78x	57.4x	16.8x	12.1x	10.3x
XCX Greenrise Global Brands Inc	0M	–	–	–	–	–	–	–
CBCA Crown Baus Capital Corp	0M	–	–	–	–	–	–	–
Mean		9.91x	−3,623.5%	1.24x	57.4x	16.8x	12.1x	10.3x
Median		9.91x	−3,623.5%	1.24x	57.4x	16.8x	12.1x	10.3x

Technical analysis

1M−1.1%
3M−5.3%
1Y−0.4%
3Y+21.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Tiptree Inc, fiscal years, most recent first
	2008	2007	2006	2005	2004	2003
Total revenue	0.5	−97.0	2.1	1,398	1,201	810
Cost of revenue	–	–	–	553	434	313
Gross profit	0.5	−97.0	2.1	845	766	498
Selling, general & administrative expenses	35.8	31.1	32.7	253	288	230
Research & development	–	–	–	–	–	–
Depreciation/amortization	1.4	1.5	1.4	23.0	24.4	17.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	0	0.4
Other operating expenses	10.0	9.3	11.4	515	388	289
Operating income	−46.7	−139	−43.5	54.0	65.3	−38.9
Net interest income (expense)	−1.6	97.6	−5.3	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	3.6	2.6	5.3	0	0	0
Net income before taxes	−44.6	−38.6	−43.5	54.0	65.3	−38.9
Provision for taxes	−5.7	−6.2	−4.7	50.5	21.3	−6.3
Minority interest	0	0	0	−11.8	−5.9	−3.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−38.9	−32.3	−38.7	−8.3	38.1	−36.5
Extraordinary items	73.8	85.7	52.7	–	–	7.3
Net income	34.9	53.4	14.0	−8.3	38.1	−29.2
EBIT, normalized	−46.7	−139	−43.5	56.4	67.4	−31.4
EBITDA, normalized	−45.2	−137	−42.0	79.3	91.9	−13.8
Basic EPS, normalized	0.22	0.38	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Tiptree Inc, fiscal years, most recent first
	2008	2007	2006	2005	2004	2003
Assets
Cash & short-term investments	30.8	19.4	469	538	176	137
Receivables	–	–	1,645	1,678	1,335	1,098
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	914	18.5	10.7	8.2
Other current assets	0	0	0	0	0	0
Total current assets	30.8	19.4	3,027	2,235	1,522	1,244
Property, plant & equipment	14.6	17.9	61.1	53.3	38.7	43.1
Goodwill	–	–	206	187	179	179
Intangibles	–	–	160	158	153	153
Long-term investments	21.7	15.0	1,052	836	990	811
Note receivable	–	–	1.3	19.8	19.8	19.5
Other long-term assets	6,773	5,642	633	551	697	546
Total assets	6,840	5,695	5,139	4,040	3,599	2,996
Liabilities
Accounts payable	–	–	544	305	266	225
Payable/accrued	–	–	115	119	150	106
Accrued expenses	27.8	24.8	40.4	38.0	29.4	32.9
Short-term debt	0	0	0	16.6	0.2	46.6
Current portion of long-term debt	8.1	0	54.4	–	–	–
Other current liabilities	0	0	1,749	1,400	1,155	924
Total current liabilities	35.9	24.8	2,502	1,879	1,600	1,335
Long-term debt	63.9	0	348	259	393	366
Minority interest	244	199	160	136	17.2	17.4
Other liabilities	5,988	5,013	1,713	1,367	1,205	921
Total liabilities	6,332	5,237	4,722	3,642	3,216	2,640
Shareholders' equity
Preferred stock	–	–	–	0	0	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	394	390	382	383	317	315
Retained earnings (accumulated deficit)	122	95.7	60.7	54.1	68.1	35.4
Treasury stock	–	–	–	–	–	–
Other equity	−7.5	−27.8	−26.1	−39.4	−2.7	5.7
Total equity	509	458	417	397	383	356
Total liabilities & shareholders' equity	6,840	5,695	5,139	4,040	3,599	2,996

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Tiptree Inc, fiscal years, most recent first
	2008	2007	2006	2005	2004	2003
Operating activities
Net income	34.9	53.4	14.0	−8.3	38.1	−29.2
Depreciation, depletion & amortization	1.4	21.7	23.5	23.0	24.4	17.6
Deferred taxes	−6.6	31.1	37.0	47.5	17.7	10.7
Non-cash items	136	12.3	9.5	−40.5	−119	−35.6
Changes in working capital	2.7	122	−12.5	441	243	177
Cash from operations	168	241	71.5	463	204	140
Investing activities
Capital expenditures	0	−4.0	−14.0	−10.7	−2.8	−6.7
Other investing cash flows	−202	−319	−231	20.2	−271	−117
Cash from investing	−202	−323	−245	9.5	−274	−123
Financing activities
Financing cash flow items	−52.9	0.5	−16.3	−19.9	−3.6	−6.7
Cash dividends paid	−9.1	−24.8	−13.7	−7.8	−5.4	−5.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	73.5	30.6	143	−87.5	82.8	44.0
Cash from financing	11.5	6.3	113	−115	73.7	31.7
Foreign exchange effects	3.4	−0.4	1.5	−1.8	–	–
Net change in cash	−18.9	−76.3	−58.3	356	4.3	48.4
Free cash flow	168	237	57.4	452	202	133

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.