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Hippo Holdings (HIPO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Hippo Holdings (HIPO) Q3 2026 earnings results →
Q3 2026 Revenue up 29% year over year to $156M · 6¢ of every $1 of revenue kept as net profit · operating margin 5.7%
Hippo Holdings made $156M in Q3 2026 (+29% Y/Y). Operating margin 5.7%, net earnings $8.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $156.0M in Q3 2026, up 29% year over year and up 8% from the previous quarter.
Operating profit was $8.9M, a 5.7% margin (down 75.6 points year over year). Operating profit fell $89.2M even though revenue rose $35.4M versus Q3 2025, so costs grew faster than sales. Total costs grew 554% against revenue growth of 29%. Net earnings were $8.8M, down 91% year over year. The effective tax rate was 1.1%.
Operating cash flow was $72.6M (up 330% year over year), 825% of net earnings. Non-cash charges added back $6.3M of share-based compensation. Working capital and other items added $57.5M. Capital expenditures of $400K left free cash flow of $72.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $156M | +29% | 5.7% | $8.8M | $72.6M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $145M | +23% | 7.6% | $10.1M | $43.1M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $122M | +10% | 5.9% | $7.1M | $8.5M |
| Q4 2025 | 10-K | Mar 5, 2026 | $120M | +18% | 5.6% | $6.0M | $3.2M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $121M | +26% | 81.3% | $98.1M | $16.9M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $117M | +31% | 3.4% | $1.3M | $24.7M |
| Q1 2025 | 10-Q | May 7, 2025 | $110M | +30% | -41.3% | −$45.4M | −$35.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- AMZN · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
About Hippo Holdings
In August 2021, Hippo Enterprises Inc., a Delaware corporation (“Old Hippo”) completed a business combination resulting in Old Hippo becoming a wholly owned subsidiary of, Reinvent Technology Partners Z, a Cayman Islands exempted company and special purpose acquisition company which at that time changed its name to Hippo Holdings Inc. Hippo Holdings Inc. (“Hippo”) is a technology-native insurance holding company that, through its subsidiaries, delivers a broad range of insurance products to customers via its owned and partner MGAs which generated $1.1 billion of gross written premium in 2025. By combining disciplined underwriting, advanced data analytics, and a customer-first approach, Hippo is building a diversified risk portfolio aimed at delivering sustainable long-term returns on stockholders’ equity.
In its own words, from its 10-K, filed Mar 5, 2026.
Hippo Holdings against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +29% against the peers' median +3%. Operating margin: 5.7% against the peers' median 15.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HIPO Hippo Holdings | Q3 2026 | $156M | +29% | 5.7% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Hippo Holdings 10-Q on SEC EDGAR · CIK 1828105 · Fire, Marine & Casualty Insurance
13F: who owns HIPO and who is buying
More on HIPO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results