Tiptree Inc 2025年季度报告

(Mark One) Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly period endedJune30, 2025 OR Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period fromto Commission File Number:001-33549 Tiptree Inc. 660 Steamboat Road,2nd Floor,Greenwich,Connecticut06830(Address of Principal Executive Offices)Zip Code Registrant’s Telephone Number, Including Area Code: (212)446-1400Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredcommon stock, par value $0.001 per shareTIPTNASDAQCapital Market Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yesx No¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).YesxNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. (Check one): Large accelerated filer¨Accelerated filerxNon-accelerated filer¨Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act.)Yes☐No☒ As of July28, 2025, there were37,500,167shares, par value $0.001, of the registrant’s common stock outstanding. Tiptree Inc.Quarterly Report on Form 10-QJune30, 2025 Table of Contents ITEMPage NumberPART I. Financial InformationF-1Item1. Financial Statements (Unaudited)F-3Condensed Consolidated Balance Sheets as ofJune30, 2025andDecember31, 2024F-3Condensed Consolidated Statements of Operations for the three andsix months endedJune30, 2025and 2024F-4Condensed Consolidated Statements of Comprehensive Income (Loss) for the three andsix months endedJune30, 2025and2024F-5Condensed Consolidated Statements of Changes in Stockholders’ Equity for the periods endedJune30, 2025and 2024F-6Condensed Consolidated Statements of Cash Flows for thesix months endedJune30, 2025and2024F-8Notes to Condensed Consolidated Financial StatementsF-10Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 3. Quantitative and Qualitative Disclosures About Market Risk78Item 4. Controls and Procedures78PART II. Other Information79Item1. Legal Proceedings79Item1A. Risk Factors79Item 2. Unregistered Sales of Equity Securities and Use of Proceeds79Item 3. Defaults Upon Senior Securities79Item4. Mine Safety Disclosures79Item 5. Other Information79Item 6. Exhibits, Financial Statement Schedules80Signatures81 PART I. FINANCIAL INFORMATION Forward-Looking Statements Except for the historical information included and incorporated by reference in this Quarterly Report on Form 10-Q, the informationincluded and incorporated by reference herein are “forward-looking statements” within the meaning of Section 27A of the SecuritiesAct and Section 21E of the Exchange Act. Forward-looking statements provide our current expectations or forecasts of future eventsand are not statements of historical fact. These forward-looking statements include information about possible or assumed futureevents, including, among other things, discussion and analysis of our future financial condition, results of operations, our strategicplans and objectives, and government legislation. When we use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,”“seek,” “may,” “might,” “plan,” “project,” “should,” “target,” “will,” or similar expressions, we intend to identify forward-lookingstatements. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many ofwhich are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed orforecasted in the forward-looking statements. Our actual results could differ materially from those anticipated in these forward-lookingstatements as a result of various factors, including, but not limite