| Earnings Per Share |
(12) Earnings Per Share The Company calculates basic net income per share of common stock (common share) based on the weighted average number of common shares outstanding, which includes vested corporate RSUs. Unvested corporate RSUs for employees have a non-forfeitable right to participate in dividends declared and paid on the Company’s common stock on an as vested basis and are therefore considered a participating security. The Company calculates basic earnings per share using the “two-class” method under which the income available to common stockholders is allocated to the unvested corporate RSUs. Diluted net income attributable to common stockholders includes the effect of unvested subsidiaries’ RSUs, when dilutive. The assumed exercise of all potentially dilutive instruments is included in the diluted net income per common share calculation, if dilutive. The following table presents a reconciliation of basic and diluted net income per common share for the following periods:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income (loss) from continuing operations |
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$ |
4,623 |
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$ |
(9,504 |
) |
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$ |
(8,965 |
) |
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$ |
(29,650 |
) |
Less: |
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Net income allocated to participating securities |
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16 |
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— |
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— |
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— |
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Net income (loss) from continuing operations attributable to Tiptree Inc. common shares - basic |
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$ |
4,607 |
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$ |
(9,504 |
) |
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$ |
(8,965 |
) |
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$ |
(29,650 |
) |
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Effect of Dilutive Securities: |
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Net income (loss) from discontinued operations attributable to Tiptree Inc. common shares - basic |
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$ |
578 |
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$ |
15,925 |
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$ |
417,645 |
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$ |
60,666 |
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Securities of subsidiaries |
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— |
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(1,548 |
) |
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(2,873 |
) |
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(4,766 |
) |
Net income (loss) from discontinued operations attributable to Tiptree Inc. common shares - diluted |
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578 |
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14,377 |
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414,772 |
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55,900 |
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Net income (loss) attributable to Tiptree Inc. common shares - diluted |
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$ |
5,185 |
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$ |
4,873 |
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$ |
405,807 |
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$ |
26,250 |
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Weighted average number of shares of common stock outstanding - basic |
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37,219,388 |
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37,565,019 |
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37,501,234 |
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37,470,832 |
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Weighted average number of incremental shares of common stock issuable from exchangeable interests and contingent considerations |
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568,627 |
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— |
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— |
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— |
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Weighted average number of shares of common stock outstanding - diluted |
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37,788,015 |
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37,565,019 |
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37,501,234 |
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37,470,832 |
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Basic: |
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Net income (loss) from continuing operations |
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$ |
0.12 |
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$ |
(0.25 |
) |
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$ |
(0.24 |
) |
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$ |
(0.79 |
) |
Net income (loss) from discontinued operations |
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0.02 |
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0.42 |
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11.14 |
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1.62 |
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Basic Net income (loss) attributable to Tiptree Inc. common shares |
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$ |
0.14 |
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$ |
0.17 |
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$ |
10.90 |
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$ |
0.83 |
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Diluted: |
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Net income (loss) from continuing operations |
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$ |
0.12 |
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$ |
(0.25 |
) |
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$ |
(0.24 |
) |
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$ |
(0.79 |
) |
Net income (loss) from discontinued operations |
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0.02 |
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0.38 |
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11.06 |
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1.49 |
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Diluted Net income (loss) attributable to Tiptree Inc. common shares |
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$ |
0.14 |
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$ |
0.13 |
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$ |
10.82 |
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$ |
0.70 |
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