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Financial statements

Hippo Holdings Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Hippo Holdings Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue51.691.2120210372469
Selling and marketing69.49510280.151.233.5
General and administrative36.849.271.579.670.767.1
Pre-tax income-143-367-325-263-27.463.3
Income tax-1.80.71.30.51.20.7
Net income to minority interests0.13.56.910.111.94.9
Net income-142-371-333-273-40.557.7
EPS, basic-40.88-34.11-14.66-11.58-1.642.28
EPS, diluted-40.88-34.11-14.66-11.58-1.642.22
Shares, basic (weighted)3.4610.922.723.624.725.3
Shares, diluted (weighted)3.4610.922.723.624.726

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents452776195142198218
Short-term investments09.1325187
Other current assets1.07
Total current assets1.7
Property, plant and equipment1.15.434.93331.6
Lease right-of-use assets027.610.64.71.6
Goodwill47.853.5000
Intangible assets33.932.226.927.31713.8
Long-term investments5654.9121162
Total assets9791,6431,5691,5251,5431,906
Accrued liabilities0.14
Total current liabilities0.15
Total liabilities8347819751,1401,1781,469
Paid-in capital56.91,4881,5581,6151,6401,652
Retained earnings-257-628-961-1,234-1,275-1,217
Other comprehensive income0.1-0.7-7-2.9-2.71.8
Shareholders' equity-200860590378362436
Minority interests0.12.13.66.83.10
Total equity-200862594385365436
Total liabilities and equity9791,6431,5691,5251,5431,906
Shares outstanding3.6922.623.224.124.925.7

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-141-368-327-263-28.662.6
Depreciation and amortization6.71115.219.823.220.4
Stock-based compensation17.224.361.957.538.229.3
Deferred income tax-200-0.70.10.7
Change in receivables-14.7-19.5-50.9-38-21.9-85.4
Cash from operations-65.4-125-162-92.447.59.2
Capital expenditures-0.4-0.8-4.9-29.6-0.3-0.1
Acquisitions-83.7-0.6
Purchases of investments-16.7-26.2-88.8-55.3-97.7-138
Sales and maturities of investments76.85.810.215.649.151.6
Cash from investing-2.3-30-40657.630.3-11.2
Stock issued2.45.54.12.86.73.8
Share buybacks0-1.8-15.6-14.5
Cash from financing518481-6.8-14.6-40.119.3
Net change in cash450326-574-49.437.717.3
Free cash flow-65.8-125-166-12247.29.1
Income taxes paid0.72.21.30.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $30.61 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin24.3%Pre-tax income / revenue.
Net margin23.9%Net income / revenue.
FCF margin14.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin14.1%Cash from operations / revenue.
Effective tax rate1.5%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)5.2%Net income / average total assets.
Stock-based pay / revenue5.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.1%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y25.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y57.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y55.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-80.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-80.7%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y20.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-9.6%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y23.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y6.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y5.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y4.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y49.7%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets79.9%Total liabilities / total assets.
Goodwill and intangibles / assets0.6%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.22xRevenue / average total assets.
Fixed asset turnover16.3xRevenue / average property, plant and equipment.
FCF conversion58.9%Free cash flow / net income, when net income is positive.
Capex / operating cash flow0.4%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$4.57Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$19.10Revenue / diluted weighted shares.
FCF per share$2.69Free cash flow / diluted weighted shares.
Operating cash flow per share$2.70Cash from operations / diluted weighted shares.
Cash per share$9.27(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$807.8MShare price x shares outstanding.
Enterprise value$563.3MMarket cap + total debt - cash - short-term investments.
P/E6.66xMarket cap / net income. Only when net income is positive.
P/S1.59xMarket cap / revenue.
P/FCF11.3xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF11.3xMarket cap / cash from operations, when positive.
EV/Sales1.11xEnterprise value / revenue.
EV/FCF7.89xEnterprise value / free cash flow, when both are positive.
FCF yield8.8%Free cash flow / market cap.
Earnings yield15.0%Net income / market cap (the inverse of P/E).
What was Hippo Holdings Inc.'s revenue in fiscal 2025?

Hippo Holdings Inc. reported revenue of $468.6M for fiscal 2025, 25.9% higher than the year before.

Was Hippo Holdings Inc. profitable in fiscal 2025?

Yes. Net income was $57.7M, a net margin of 12.3%.

How much free cash flow did Hippo Holdings Inc. generate in fiscal 2025?

Cash from operations of $9.2M minus capital expenditures of $100.0K left free cash flow of $9.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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