Tiptree (TIPT) Operating Expenses (2011 - 2025)
Tiptree's (TIPT) quarterly Operating Expenses came in at $502.0 million in Q3 2025, up 9.71% year-on-year from $457.6 million in Q3 2024, and up 5.46% quarter-over-quarter from $476.0 million in Q2 2025.
Tiptree (TIPT) Operating Expenses (2011 - 2025) Analysis & Trends
Tiptree's Operating Expenses history runs 15 years deep, the most recent figure standing at $502.0 million for Q3 2025.
- On a quarterly basis, Operating Expenses rose 9.71% year-over-year to $502.0 million in Q3 2025; TTM through Dec 2025 was $991.0 million, a 47.66% decrease from a year earlier, with the FY2024 full-year figure at $1.9 billion, up 20.92% from the prior year.
- Operating Expenses grew to $502.0 million in Q3 2025 per TIPT's latest filing, from $476.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $506.0 million in Q2 2024 and bottomed at $13.0 million in Q1 2025.
- The 5-year median for Operating Expenses is $373.5 million (2023), against an average of $364.7 million.
- Across the five-year window, Operating Expenses jumped 47.98% in 2021 and tumbled 97.23% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $308.6 million in 2021, then grew by 11.62% to $344.5 million in 2022, then gained by 20.85% to $416.3 million in 2023, then gained by 10.83% to $461.4 million in 2024, then advanced by 8.8% to $502.0 million in 2025.
- Per Business Quant, the three latest TIPT Operating Expenses figures stand at $502.0 million (Q3 2025), $476.0 million (Q2 2025), and $13.0 million (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 1.34 Bn |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 1.83 Bn |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 98.69 Mn |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 90.25 Mn |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 129.35 Mn |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 2.23 Mn |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 227.00 Mn |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 58.53 Mn |
| 10 | Tiptree | 659.64 Mn | 851.00 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 502.03 Mn |
| Jun 30, 2025 | 476.04 Mn |
| Mar 31, 2025 | 12.97 Mn |
| Dec 31, 2024 | 461.41 Mn |
| Sep 30, 2024 | 457.58 Mn |
| Jun 30, 2024 | 506.03 Mn |
| Mar 31, 2024 | 468.52 Mn |
| Dec 31, 2023 | 416.31 Mn |
| Sep 30, 2023 | 395.37 Mn |
| Jun 30, 2023 | 380.84 Mn |
| Mar 31, 2023 | 373.45 Mn |
| Dec 31, 2022 | 344.50 Mn |
| Sep 30, 2022 | 338.35 Mn |
| Jun 30, 2022 | 335.04 Mn |
| Mar 31, 2022 | 325.86 Mn |
| Dec 31, 2021 | 308.64 Mn |
| Sep 30, 2021 | 283.02 Mn |
| Jun 30, 2021 | 288.21 Mn |
| Mar 31, 2021 | 255.30 Mn |
| Dec 31, 2020 | 232.83 Mn |