Hippo (HIPO) financial statements
Hippo reported revenue of $469M in fiscal 2025, up 55.5% a year over 5 years.
Net income was $58M and the operating margin 13.5%, against -277.5% in 2020.
Free cash flow was -$4M, and the company returned $14M in net buybacks.
The diluted share count rose 648% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hippo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $52M | $91M | $120M | $210M | $372M | $469M |
| Selling, general and admin | $106M | $144M | $173M | $160M | $122M | $101M |
| Operating income | -$143M | -$367M | -$325M | -$262M | -$27M | $63M |
| Pre-tax income | -$143M | -$367M | -$325M | -$262M | -$27M | $63M |
| Income tax | -$2M | $700,000 | $1M | $500,000 | $1M | $700,000 |
| Net income | -$142M | -$371M | -$333M | -$273M | -$40M | $58M |
| EPS (diluted) | -$40.75 | -$34.11 | -$14.66 | -$11.58 | -$1.64 | $2.22 |
| Diluted shares | 3M | 11M | 23M | 24M | 25M | 26M |
| Operating margin | -277.5% | -402.6% | -271.7% | -125.2% | -7.4% | 13.5% |
| Net margin | -274.2% | -407.2% | -278.5% | -130.2% | -10.9% | 12.3% |
Balance sheet
Fiscal years, from Hippo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $452M | $785M | $519M | $329M | $198M | $218M |
| Total current assets | $2M | — | — | — | — | — |
| Property, plant and equipment | — | $1M | $5M | $35M | $33M | $32M |
| Goodwill | $48M | $54M | $0 | $0 | $0 | — |
| Total assets | $979M | $1.6B | $1.6B | $1.5B | $1.5B | $1.9B |
| Total current liabilities | $151,244 | — | — | — | — | — |
| Total liabilities | $834M | $781M | $975M | $1.1B | $1.2B | $1.5B |
| Shareholders' equity | -$200M | $860M | $590M | $378M | $362M | $436M |
| Net debt | -$452M | -$776M | -$194M | -$142M | -$198M | -$218M |
Cash flow
Fiscal years, from Hippo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$65M | -$124M | -$162M | -$92M | $48M | $9M |
| Capital spending | $9M | $14M | $20M | $47M | $12M | $13M |
| Free cash flow | -$75M | -$139M | -$181M | -$139M | $36M | -$4M |
| Stock-based compensation | $17M | $24M | $62M | $58M | $38M | $29M |
| Share buybacks (net) | — | — | $0 | -$2M | -$16M | -$14M |
| Free cash flow margin | -145.0% | -152.0% | -151.4% | -66.3% | 9.5% | -0.9% |
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Open HIPO in InvestinglyQuestions
What was Hippo's revenue in 2025?
$469M in fiscal 2025, from its 10-K filing.
How much free cash flow does Hippo generate?
-$4M in fiscal 2025 (operating cash flow minus capital spending).
From Hippo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.