Filing Flows › Tiptree (TIPT) › Q3 2025 › vs Q2 2025
Tiptree (TIPT) Q3 2025 vs Q2 2025 (quarter over quarter)
Tiptree's revenue rose $11.6M (+2%) from $529M in Q2 2025 to $540M in Q3 2025.
Tiptree, Q3 2025: revenue $540M (+9% year over year), operating margin -2.4%, net earnings $15.6M, operating cash flow $135M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q3 2025 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 24.7% | 3.8% | +20.9 pts |
Every line
| Line | Q3 2025 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $540M | $529M | $11.6M | +2% |
| Other income, net | $51.2M | $64.6M | −$13.4M | -21% |
| Costs & expenses | $591M | $593M | −$1.9M | -0.3% |
| Operating costs | $553M | $541M | $12.6M | +2% |
| Income tax | $22.7M | $21.6M | $1.1M | +5% |
| Net earnings | $15.6M | $31.1M | −$15.5M | -50% |
| SG&A | $11.5M | $12.6M | −$1.0M | -8% |
| Other operating costs | $542M | $528M | $13.6M | +3% |
| Operating cash sources | $135M | $21.3M | $114M | +537% |
| Depreciation & amortization | $5.3M | $4.9M | $335K | +7% |
| Share-based compensation | $5.6M | $2.3M | $3.3M | +146% |
| Working capital & other | $109M | −$17.1M | $126M | — |
| Operating cash flow | $135M | $21.3M | $114M | +537% |
| Free cash flow (OCF − capex) | $133M | $20.1M | $113M | +565% |
| Capital expenditures | $2.1M | $1.2M | $867K | +73% |
Questions
How much did Tiptree's revenue grow quarter over quarter in Q3 2025?
Tiptree's revenue rose $11.6M (+2%) from $529M in Q2 2025 to $540M in Q3 2025.