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| Date | Value |
|---|---|
| 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 |