Tiptree (TIPT) Operating Expenses (2011 - 2025)
Tiptree (TIPT) posted quarterly Operating Expenses of $502.0 million for Q3 2025, up 9.71% year-over-year from $457.6 million in Q3 2024, and up 4096.84% quarter-over-quarter from $12.0 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.
- In Q3 2025, Operating Expenses rose 9.71% year-over-year to $502.0 million; the TTM figure through Dec 2025 stood at $527.0 million (down 72.17% YoY), while the FY2024 annual figure was $1.9 billion, up 20.92% from the prior year.
- Operating Expenses for Q3 2025 stood at $502.0 million, up from $12.0 million in the prior quarter.
- The five-year high for Operating Expenses was $506.0 million in Q2 2024, with the low at $12.0 million in Q2 2025.
- The 5-year median for Operating Expenses is $344.5 million (2022), against an average of $340.3 million.
- The sharpest annual moves came in 2021 and 2025: Operating Expenses jumped 47.98% in 2021, then slumped 97.64% in 2025.
- Tiptree's Operating Expenses stood at $308.6 million in 2021, then climbed by 11.62% to $344.5 million in 2022, then rose by 20.85% to $416.3 million in 2023, then rose by 10.83% to $461.4 million in 2024, then gained by 8.8% to $502.0 million in 2025.
- Business Quant data shows TIPT's Operating Expenses at $502.0 million in Q3 2025, $12.0 million in Q2 2025, and $13.0 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Tiptree | 690.07 Mn | 637.58 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 502.03 Mn |
| Jun 30, 2025 | 11.96 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 |