HIPOMEDIUM SIGNALFINANCIAL10-K

HIPO achieved profitability with a dramatic turnaround from -$40.5M to $57.7M net income while growing revenue 26%, but operating cash flow plummeted 81% despite the profitable operations.

The swing to profitability represents a significant milestone for this technology-focused insurance company, suggesting improved underwriting discipline and operational efficiency. However, the severe decline in operating cash flow despite strong earnings raises questions about the quality and sustainability of the reported profits, potentially indicating timing differences in cash collections or changes in working capital management.

Comparing 2026-03-05 vs 2025-03-06View on EDGAR →
FINANCIAL ANALYSIS

HIPO delivered strong top-line growth with revenue increasing 26% to $468.6M and achieved a remarkable turnaround to $57.7M profitability from a $40.5M loss. The balance sheet expanded proportionally with assets growing 24% to $1.9B and liabilities increasing 25% to $1.5B, while stockholders' equity strengthened 20% and cash position improved modestly. However, the dramatic 81% decline in operating cash flow to just $9.2M despite profitable operations creates a concerning disconnect that suggests potential quality of earnings issues or significant working capital headwinds.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+242.5%
-$40.5M→$57.7M

Net income grew 242.5% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
-80.6%
$47.5M→$9.2M

Operating cash flow fell 80.6% — earnings quality concerns; investigate working capital changes and non-cash items.

Capital Expenditure
Cash Flow
-66.7%
$300K→$100K

Capex reduced 66.7% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Revenue
P&L
+25.9%
$372.1M→$468.6M

Revenue growing 25.9% — solid top-line momentum, watch margins for quality of growth.

Total Liabilities
Balance Sheet
+24.7%
$1.2B→$1.5B

Liabilities increased 24.7% — monitor debt-to-equity ratio and interest coverage.

Total Assets
Balance Sheet
+23.5%
$1.5B→$1.9B

Asset base grew 23.5% — expansion through organic growth, acquisitions, or capital deployment.

Stockholders Equity
Balance Sheet
+20.4%
$362.1M→$436.1M

Equity base grew 20.4% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Cash & Equivalents
Balance Sheet
+10.5%
$197.6M→$218.3M

Cash grew 10.5% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-06
ADDED
The number of outstanding shares of the Registrant s Common Stock was 25,970,978 as of February 24, 2026.
If we fail to properly develop, invest in, deploy, and manage artificial intelligence technologies used in our products and services, our business, financial condition, and results of operations could be materially adversely affected.
We rely on the experience and expertise of our CEO, other key executives, highly-specialized insurance experts, key technical employees, and other highly skilled personnel.
BUSINESS Our Company In August 2021, Hippo Enterprises Inc., a Delaware corporation ( Old Hippo ) completed a business combination resulting in Old Hippo becoming a wholly owned subsidiary of, Reinvent Technology Partners Z, a Cayman Islands exempted company and special purpose acquisition company which at that time changed its name to Hippo Holdings Inc.
( Hippo ) is a technology-native insurance holding company that, through its subsidiaries, delivers a broad range of insurance products to customers via its owned and partner MGAs which generated $1.1 billion of gross written premium in 2025.
+7 more — sign up free →
REMOVED
The number of outstanding shares of the Registrant s Common Stock was 25,081,711 as of February 20, 2025.
Our exposure to loss activity and regulation may be greater in states where we currently have more of our customers or where we are domiciled.
BUSINESS Our Company In August 2021, Hippo Enterprises Inc., a Delaware corporation ( Old Hippo ), and Reinvent Technology Partners Z, a Cayman Islands exempted company and special purpose acquisition company ( RTPZ ), completed a merger and other transactions pursuant to which a subsidiary of RTPZ was merged with and into Old Hippo and Old Hippo survived as a wholly owned subsidiary of RTPZ (collectively, we refer to these transactions as the Business Combination ).
In connection with the Business Combination, RTPZ changed its name to Hippo Holdings Inc.
( Hippo ) is an insurance holding company, with subsidiaries that provide property and casualty insurance products to both individuals and business customers.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →