$TIPT
TIPTREE FINANCIAL INC.
CIK:0001393726|SEC Filings
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Operating Activities: | |||||||
| Net income (loss) attributable to common stockholders | $ 403,479 | $ 24,595 | |||||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | |||||||
| Net realized and unrealized (gains) losses | 261 | 714 | |||||
| Non-cash compensation expense | 2,964 | 8,368 | |||||
| Amortization/accretion of premiums and discounts | (479) | (471) | |||||
| Depreciation and amortization expense | 718 | 718 | |||||
| Non-cash lease expense | 928 | 967 | |||||
| Deferred provision (benefit) for income taxes | (0) | (3,619) | |||||
| Amortization of deferred financing costs | 0 | 291 | |||||
| Net income from discontinued operations | [1] | (417,067) | (44,741) | ||||
| Changes in operating assets and liabilities: | |||||||
| (Increase) decrease in other assets | (4,484) | 1,030 | |||||
| Increase (decrease) in other liabilities and lease obligations | (4,714) | (1,525) | |||||
| Net cash provided by (used in) operating activities from continuing operations | (18,394) | (13,673) | |||||
| Net cash provided by (used in) operating activities from discontinued operations | 53,242 | 1,605 | |||||
| Net cash provided by (used in) operating activities | 34,848 | (12,068) | |||||
| Investing Activities: | |||||||
| Purchases of investments | (157,193) | (74,348) | |||||
| Proceeds from sales and maturities of investments | 20,869 | 11,400 | |||||
| Net cash provided by (used in) investing activities from continuing operations | (136,324) | (62,948) | |||||
| Net cash provided by (used in) investing activities from discontinued operations | 696,339 | 73,016 | |||||
| Net cash provided by (used in) investing activities | 560,015 | 10,068 | |||||
| Financing Activities: | |||||||
| Dividends paid | (4,529) | (4,526) | |||||
| Non-controlling interest (redemptions) contributions | (5) | 0 | |||||
| Cash (paid) received in connection with vested or exercised stock awards | (502) | (2,414) | |||||
| Payment of debt issuance costs | (50) | (2,285) | |||||
| Proceeds from borrowings and mortgage notes payable | 0 | 74,250 | |||||
| Principal paydowns of borrowings and mortgage notes payable | (74,249) | (375) | |||||
| Repurchases of common stock and other changes in additional paid-in capital | (10,319) | 0 | |||||
| Net cash provided by (used in) financing activities from continuing operations | (89,654) | 64,650 | |||||
| Net cash provided by (used in) financing activities from discontinued operations | 42,160 | (10,162) | |||||
| Net cash provided by (used in) financing activities | (47,494) | 54,488 | |||||
| Effect of exchange rate changes on cash | 2,193 | 6,296 | |||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 549,562 | 58,784 | |||||
| Cash, cash equivalents and restricted cash – beginning of period | 30,784 | 19,437 | |||||
| Cash, cash equivalents and restricted cash - beginning of period - held for sale | 366,587 | 396,827 | |||||
| Cash, cash equivalents and restricted cash - end of period | 946,933 | [2] | 475,048 | ||||
| Less: Reclassification of cash to held for sale | 0 | 470,675 | |||||
| Cash, cash equivalents and restricted cash – end of period | $ 946,933 | $ 4,373 | |||||
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Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 946,933 | $ 30,784 | ||
| Marketable securities | 158,233 | 21,701 | ||
| Other current assets | 8,099 | 2,361 | ||
| Total current assets | 1,113,265 | 54,846 | ||
| Right of use asset | 7,389 | 8,301 | ||
| Property, plant and equipment, net | 5,544 | 6,262 | ||
| Deferred tax assets | 6,630 | 0 | ||
| Other assets | 1,289 | 2,269 | ||
| Assets held for sale | [1] | 0 | 6,768,387 | |
| Total assets | 1,134,117 | 6,840,065 | ||
| Current liabilities: | ||||
| Short-term debt, net | 0 | 8,138 | ||
| Current tax payable | 204,760 | 0 | ||
| Other current liabilities | 14,607 | 20,964 | ||
| Total current liabilities | 219,367 | 29,102 | ||
| Long-term debt, net | 0 | 63,948 | ||
| Long-term lease obligations | 7,627 | 8,654 | ||
| Deferred tax liabilities | 0 | 80,390 | ||
| Liabilities held for sale | [1] | 0 | 5,905,572 | |
| Total liabilities | 226,994 | 6,087,666 | ||
| Stockholders’ Equity: | ||||
| Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding | ||||
| Common stock: $0.001 par value, 200,000,000 shares authorized, 37,266,005 and 37,824,472 shares issued and outstanding, respectively | 37 | 38 | ||
| Additional paid-in capital | 386,557 | 394,435 | ||
| Accumulated other comprehensive income (loss), net of tax | 5 | (7,496) | ||
| Retained earnings | 520,524 | 121,574 | ||
| Total Tiptree Inc, stockholders' equity | 907,123 | 508,551 | ||
| Total non-controlling interests | 0 | 243,848 | ||
| Total stockholders’ equity | 907,123 | 752,399 | ||
| Total liabilities and stockholders’ equity | 1,134,117 | 6,840,065 | ||
| Fortegra preferred interests | ||||
| Stockholders’ Equity: | ||||
| Total non-controlling interests | 0 | 77,679 | ||
| Common interests | ||||
| Stockholders’ Equity: | ||||
| Total non-controlling interests | $ 0 | $ 166,169 | ||
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