NASDAQ$TIPT

Tiptree Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported Q3 2020 results with revenue increase and improved profitability.

Tiptree Inc. reported a strong Q3 2020 with revenues up 18.4% year-over-year to $224.0 million and operating EBITDA increasing by 84.4% to $31.9 million. Net income attributable to common stockholders was $12.8 million, a significant increase from the prior year. Book value per share stood at $10.36 as of September 30, 2020.

  • Revenues for the quarter increased by 18.4% to $224.0 million compared to the prior year period.
  • Operating EBITDA rose by 84.4% to $31.9 million, driven by growth in insurance premiums and mortgage volumes.
  • Net income attributable to common stockholders was $12.8 million, a $14.3 million increase over the prior year.
  • Book value per share was $10.36 as of September 30, 2020, a 4.3% increase from the prior quarter.

Headline financials

Total Revenue

$224M

Previous: $189M+18.4%
EPS (adj)

$0.35

Previous: -$0.04+975.0%
Book Value Per Share

$10.36

Previous: $11.43-9.4%
Capital Expenditures

-$4.71M

Previous: -$7.87M+40.1%
Free Cash Flow

$8.05M

Previous: -$9.32M+186.4%
Net Income

$12.8M

Previous: -$1.46M+976.0%
Operating Income

-$28.2M

Previous: -$40.8M+31.0%
Gross Profit

$22.9M

Previous: $7M+227.6%
Cash & Equivalents

$104M

Previous: $136M-24.0%
Total Assets

$2.79B

Previous: $2.06B+35.9%
Stock-Based Comp

$2.49M

Previous: $1.51M+64.4%

Revenue & EPS history

Tiptree · Revenue · Quarterly

$224M

Q3 2020+18.4%vs Q3 2019

Forward guidance

The release contains forward-looking statements that involve risks, uncertainties, and contingencies, many of which are beyond the Company’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.6%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+5.9%

Avg return

30 days after

59%

32 / 54 earnings

Positive

+12.7%

Q3 2023

Best reaction

-11.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-0.2%+6.7%
Q4 2025-1.8%-2.1%-0.5%
Q3 2025-0.2%+3.9%+6.6%
Q1 2025+0.8%+2.0%+5.7%
Q3 2024+3.6%+3.8%+15.7%
Q2 2024-8.8%-12.8%-0.9%
Q1 2024+3.4%+4.2%+9.7%
Q4 2023-1.4%-5.1%-2.6%
Q3 2023+12.7%+13.7%+24.7%
Q2 2023+7.9%+8.6%+19.8%
Q1 2023-5.2%-8.3%-1.6%
Q4 2022-0.2%-3.8%-9.6%
Q3 2022-1.7%+1.9%+11.8%
Q2 2022+6.6%+10.3%+6.8%
Q1 2022-6.0%-10.0%-5.8%
Q4 2021+10.1%+4.9%+3.1%
Q3 2021+3.5%+1.1%-23.5%
Q2 2021+9.0%+5.6%+4.8%
Q1 2021+9.9%+9.3%+7.6%
Q4 2020+3.8%+38.4%+79.3%
Q3 2020+0.6%+5.5%+4.5%
Q2 2020+2.1%+9.9%+3.1%
Q1 2020+3.9%-4.0%+10.7%
Q4 2019-11.4%-0.2%+0.2%
Q3 2019+1.2%+7.1%+6.7%
Q2 2019-2.7%-2.5%+2.5%
Q1 2019+5.1%+7.5%+12.5%
Q4 2018+6.9%+7.6%+8.8%
Q3 2018-1.0%-3.4%-7.9%
Q2 2018+2.3%+3.1%+1.6%
Q1 2018+0.0%+0.0%+0.8%
Q4 2017+4.9%+4.9%+5.7%
Q3 2017-6.9%-6.1%-3.8%
Q2 2017-1.5%-4.5%-11.4%
Q1 2017-5.3%-7.5%+6.0%
Q4 2016+3.9%+1.6%+6.2%
Q3 2016+0.8%+5.0%+11.8%
Q2 2016+2.7%-0.6%+9.4%
Q4 2015+6.5%
Q2 2015+5.0%
Q3 2014-3.1%
Q1 2014+7.3%
Q2 2013-2.8%
Q4 2013-2.8%
Q3 2013+4.4%
Q1 2013+3.7%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+1.5%
Q4 2011+5.8%
Q1 2011+5.8%
Q1 2012+3.0%
Q3 2011+0.0%
Q2 2011+0.0%

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