Filing Flows › Tiptree (TIPT) › Q2 2025 › vs Q2 2024
Tiptree (TIPT) Q2 2025 vs Q2 2024 (year over year)
Tiptree's revenue fell $17.9M (-3%) from $547M in Q2 2024 to $529M in Q2 2025.
Tiptree, Q2 2025: revenue $529M (-3% year over year), operating margin -2.2%, net earnings $31.1M, operating cash flow $21.3M. The chart draws each line against Q2 2024, the increases inside each band.
Margins
| Q2 2025 | Q2 2024 | Change | |
|---|---|---|---|
| Free cash flow margin | 3.8% | 8.4% | -4.6 pts |
Every line
| Line | Q2 2025 | Q2 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $529M | $547M | −$17.9M | -3% |
| Other income, net | $64.6M | $0 | $64.6M | — |
| Costs & expenses | $593M | $547M | $46.7M | +9% |
| Operating costs | $541M | $506M | $34.6M | +7% |
| Income tax | $21.6M | $18.7M | $2.9M | +16% |
| Net earnings | $31.1M | $22.0M | $9.1M | +42% |
| SG&A | $12.6M | $10.3M | $2.3M | +22% |
| Other operating costs | $528M | $496M | $32.3M | +7% |
| Operating cash sources | $38.3M | $30.7M | $7.6M | +25% |
| Depreciation & amortization | $4.9M | $5.3M | −$367K | -7% |
| Share-based compensation | $2.3M | $3.4M | −$1.1M | -33% |
| Working capital & other | $17.1M | −$16.2M | $33.3M | — |
| Operating cash flow | $21.3M | $46.9M | −$25.6M | -55% |
| Free cash flow (OCF − capex) | $20.1M | $46.0M | −$25.9M | -56% |
| Capital expenditures | $1.2M | $906K | $279K | +31% |
Questions
How much did Tiptree's revenue grow year over year in Q2 2025?
Tiptree's revenue fell $17.9M (-3%) from $547M in Q2 2024 to $529M in Q2 2025.