Filing Flows › Tiptree (TIPT) › Q1 2025
Tiptree (TIPT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Tiptree (TIPT) reported revenue of $497M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier. Operating margin was -2.5%, net earnings $13.0M (2.6% of revenue).
Tiptree, Q1 2025: revenue $497M (-0.2% year over year), operating margin -2.5%, net earnings $13.0M, operating cash flow −$33.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $497M | — | -0.2% |
| Operating profit | −$12.6M | — | — |
| Net earnings | $13.0M | — | — |
| Operating cash flow | −$33.3M | — | — |
What changed
Revenue was $497.4M in Q1 2025, roughly flat year over year.
Operating costs exceeded revenue by $12.6M, an operating margin of -2.5%. Total costs grew 9% against flat revenue. Net earnings were $5.6M, down 38% year over year. The effective tax rate was 48.8%. Non-operating items added $37.9M, 150% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$33.3M. Non-cash charges added back $4.9M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items used $60.4M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$34.4M.
Questions
What was Tiptree's revenue in the first quarter 2025?
Tiptree (TIPT) reported revenue of $497M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier.
Was Tiptree profitable in the first quarter 2025?
Operating loss was $12.6M (-2.5% of revenue) and net earnings $13.0M.
Source: Tiptree 10-Q on SEC EDGAR.