Tiptree
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Tiptree's past years’ income statements indicate that its last revenue has increased compared to the previous period by 18% to $1,649,031,000. The net income raised on $13,951,000 and profit margin reached 1%. Total operating expenses were $395,969,000.
Profit Margin
| 2014 | 80.31M | -1.71M | -2.13% |
|---|---|---|---|
| 2015 | 440.11M | 5.77M | 1.31% |
| 2016 | 567.15M | 25.32M | 4.46% |
| 2017 | 579.80M | 3.60M | 0.62% |
| 2018 | 625.82M | 23.93M | 3.82% |
| 2019 | 772.72M | 18.36M | 2.38% |
| 2020 | 810.30M | -25.22M | -3.11% |
| 2021 | 1.20B | 38.13M | 3.17% |
| 2022 | 1.39B | 3.56M | 0.25% |
| 2023 | 1.64B | 13.95M | 0.85% |
TIPT Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.64B | 1.39B | 1.20B | 810.30M | 772.72M | 625.82M | 579.80M | 567.15M | 440.11M | 80.31M |
Cost of revenue | 1.20B | 182.65M | 207.32M | 172.73M | 129.47M | 414.55M | 115.94M | 139.61M | 1.85M | 10.11M |
Gross profit | 444.20M | 1.21B | 995.12M | 637.56M | 643.24M | 211.27M | 463.85M | 427.54M | 438.25M | 70.19M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 134.64M | 0 | 0 | 0 | 0 | 0 | 241.83M | 147.25M | 105.75M | 4.28M |
Total operating expenses | 395.96M | 1.16B | -1.18B | -904.99M | -805.23M | 204.05M | 548.66M | 391.38M | 363.74M | 80.38M |
Operating income | 249.25M | 50.24M | 13.10M | -94.69M | -32.51M | 45.03M | -13.78M | 23.06M | -5.55M | -6.19M |
Other income (expenses), net | -166.20M | 3.76M | 52.23M | -38.85M | 61.64M | 38.06M | -12.56M | 61.78M | -6.88M | 6.98M |
Income before tax | 83.05M | 54.01M | 65.34M | -38.85M | 29.13M | -19.79M | -3.33M | 43.31M | -12.43M | 788K |
Income tax expense | 43.05M | 50.45M | 21.29M | -13.62M | 9.01M | -5.90M | -12.56M | 10.97M | 1.37M | 4.14M |
Net income | 13.95M | 3.56M | 38.13M | -25.22M | 18.36M | 23.93M | 3.60M | 25.32M | 5.77M | -1.71M |
Earnings per share | ||||||||||
Basic EPS | 0.34 | 0.1 | 1.15 | -0.74 | 0.53 | 0.69 | 0.12 | 0.79 | 0.17 | -0.1 |
Diluted EPS | 0.33 | 0.1 | 1.13 | -0.74 | 0.5 | 0.69 | 0.11 | 0.78 | 0.17 | -0.1 |
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