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
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