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Hippo Holdings (HIPO) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 7, 2025

Hippo Holdings (HIPO) reported revenue of $110M for the first quarter 2025 (Q1 2025), +30% from a year earlier and +8% from the quarter before. Operating margin was -41.3%, net loss $45.4M (41.2% of revenue).

Revenue$110M
Year over year+30%
Quarter over quarter+8%
Operating margin-41.3%
Net earnings−$45.4M

Hippo Holdings, Q1 2025: revenue $110M (+30% year over year), operating margin -41.3%, net loss $45.4M, operating cash flow −$35.6M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$110M+8%+30%
Operating profit−$45.6M——
Net earnings−$45.4M——
Operating cash flow−$35.6M——

What changed

Revenue was $110.3M in Q1 2025, up 30% year over year and up 8% from the previous quarter.

Operating costs exceeded revenue by $45.6M, an operating margin of -41.3%. Total costs grew 32% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+53%). The quarter ended with a net loss of $45.4M, after a profit of $46.9M the previous quarter.

Operating cash flow was −$35.6M. Non-cash charges added back $5.6M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $100K exceeded it, leaving free cash flow of −$35.7M.

Questions

What was Hippo Holdings' revenue in the first quarter 2025?

Hippo Holdings (HIPO) reported revenue of $110M for the first quarter 2025 (Q1 2025), +30% from a year earlier and +8% from the quarter before.

Was Hippo Holdings profitable in the first quarter 2025?

Operating loss was $45.6M (-41.3% of revenue) and net loss $45.4M.

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Source: Hippo Holdings 10-Q on SEC EDGAR.