Tiptree (TIPT) Operating Expenses (2011 - 2025)
Tiptree (TIPT) recorded quarterly Operating Expenses of $502.0 million in Q3 2025, up 5.46% quarter-over-quarter from $476.0 million in Q2 2025, and up 9.71% on a YoY basis from $457.6 million in Q3 2024.
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.
- In Q3 2025, Operating Expenses rose 9.71% year-over-year to $502.0 million; the TTM figure through Dec 2025 stood at $991.0 million (down 47.66% YoY), while the FY2024 annual figure was $1.9 billion, up 20.92% from the prior year.
- Operating Expenses was $502.0 million for Q3 2025 at Tiptree, up from $476.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $506.0 million in Q2 2024 to a low of $13.0 million in Q1 2025.
- Historically, Operating Expenses has averaged $364.7 million across 5 years, with a median of $373.5 million in 2023.
- The sharpest annual moves came in 2021 and 2025: Operating Expenses surged 47.98% in 2021, then tumbled 97.23% in 2025.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $502.0 million (Q3 2025), $476.0 million (Q2 2025), and $13.0 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | 1.34 Bn |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 1.68 Bn |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 98.69 Mn |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 90.25 Mn |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 129.35 Mn |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 292.67 Mn |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 700.63 Mn |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 227.00 Mn |
| 10 | Tiptree | 670.63 Mn | 861.99 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 |