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
DateValue
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