Tiptree (TIPT) Cost of Revenue (2012 - 2025)

Tiptree's (TIPT) quarterly Cost of Revenue came in at $192.4 million in Q3 2025, up 453.04% year-on-year from $34.8 million in Q3 2024, and up 396.25% quarter-over-quarter from $38.8 million in Q2 2025.

Tiptree (TIPT) Cost of Revenue (2012 - 2025) Analysis & Trends

Tiptree's Cost of Revenue history runs 14 years deep, the most recent figure standing at $192.4 million for Q3 2025.

  • On a quarterly basis, Cost of Revenue rose 453.04% year-over-year to $192.4 million in Q3 2025; TTM through Sep 2025 was $268.5 million, a 82.32% increase from a year earlier, with the FY2024 full-year figure at $145.3 million, up 10.95% from the prior year.
  • Cost of Revenue climbed to $192.4 million in Q3 2025 per TIPT's latest filing, from $38.8 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $192.4 million in Q3 2025 and bottomed at $3.3 million in Q1 2025.
  • The 5-year median for Cost of Revenue is $34.4 million (2021), against an average of $41.3 million.
  • Biggest YoY gain for Cost of Revenue was 453.04% in 2025; the steepest drop was 91.97% in 2025.
  • Year by year, Cost of Revenue stood at $37.7 million in 2021, then retreated by 16.18% to $31.6 million in 2022, then advanced by 14.11% to $36.1 million in 2023, then dropped by 5.58% to $34.0 million in 2024, then jumped by 465.11% to $192.4 million in 2025.
  • Per Business Quant, the three latest TIPT Cost of Revenue figures stand at $192.4 million (Q3 2025), $38.8 million (Q2 2025), and $3.3 million (Q1 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Fidelity National Financial 14.00 Bn 9.88 Bn 3.16 Bn 62.00 Mn
2 Axis Capital Holdings 8.67 Bn 8.14 Bn 613.18 Mn 867.28 Mn
3 First American Financial 7.85 Bn 4.73 Bn 1.77 Bn 352.10 Mn
4 Enact Holdings 6.68 Bn 6.13 Bn 205.69 Mn 37.16 Mn
5 Mgic Investment 6.51 Bn 6.48 Bn 263.84 Mn 33.24 Mn
6 Essent 6.24 Bn 6.24 Bn 211.88 Mn 48.22 Mn
7 Radian 5.36 Bn 5.30 Bn 304.36 Mn 98.17 Mn
8 Assured Guaranty 3.83 Bn 3.31 Bn 65.00 Mn 17.00 Mn
9 NMI Holdings 3.29 Bn 3.22 Bn 134.15 Mn 20.66 Mn
10 Tiptree 678.05 Mn 625.56 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2025 192.40 Mn
Sep 30, 2025 192.40 Mn
Jun 30, 2025 38.77 Mn
Jun 30, 2025 38.77 Mn
Mar 31, 2025 3.28 Mn
Mar 31, 2025 3.28 Mn
Dec 31, 2024 34.05 Mn
Dec 31, 2024 34.05 Mn
Sep 30, 2024 34.79 Mn
Sep 30, 2024 34.79 Mn
Jun 30, 2024 35.55 Mn
Jun 30, 2024 35.55 Mn
Mar 31, 2024 40.87 Mn
Mar 31, 2024 40.87 Mn
Dec 31, 2023 36.06 Mn
Dec 31, 2023 36.06 Mn
Sep 30, 2023 28.94 Mn
Sep 30, 2023 28.94 Mn
Jun 30, 2023 33.11 Mn
Jun 30, 2023 33.11 Mn