Filing Flows › Tiptree (TIPT) › Q3 2025 › vs Q3 2024
Tiptree (TIPT) Q3 2025 vs Q3 2024 (year over year)
Tiptree's revenue rose $45.9M (+9%) from $494M in Q3 2024 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 Q3 2024, the increases inside each band.
Margins
| Q3 2025 | Q3 2024 | Change | |
|---|---|---|---|
| Free cash flow margin | 24.7% | 12.3% | +12.4 pts |
Every line
| Line | Q3 2025 | Q3 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $540M | $494M | $45.9M | +9% |
| Other income, net | $51.2M | $0 | $51.2M | — |
| Costs & expenses | $591M | $494M | $97.1M | +20% |
| Operating costs | $553M | $458M | $95.6M | +21% |
| Income tax | $22.7M | $16.3M | $6.4M | +39% |
| Net earnings | $15.6M | $20.5M | −$4.9M | -24% |
| SG&A | $11.5M | $11.0M | $521K | +5% |
| Other operating costs | $542M | $447M | $95.1M | +21% |
| Operating cash sources | $135M | $61.2M | $74.2M | +121% |
| Depreciation & amortization | $5.3M | $5.4M | −$136K | -3% |
| Share-based compensation | $5.6M | $6.0M | −$374K | -6% |
| Working capital & other | $109M | $29.4M | $79.6M | +271% |
| Operating cash flow | $135M | $61.2M | $74.2M | +121% |
| Free cash flow (OCF − capex) | $133M | $60.7M | $72.7M | +120% |
| Capital expenditures | $2.1M | $536K | $1.5M | +283% |
Questions
How much did Tiptree's revenue grow year over year in Q3 2025?
Tiptree's revenue rose $45.9M (+9%) from $494M in Q3 2024 to $540M in Q3 2025.