What is Hippo Holdings's capitalized software?

Hippo Holdings (HIPO) reported capitalized software of $10.9M in Q4 2025.

What does capitalized software mean?

This represents the tax basis difference arising from the capitalization of software development costs, which are amortized for financial reporting but may be treated differently for tax purposes. It highlights the company's investment in proprietary technology and the resulting deferred tax benefits. This metric helps assess the tax efficiency of the company's digital infrastructure investments.

Hippo Holdings HIPO Capitalized software

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Other financials

Income statement

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Revenue$121.5M+10.2%

Operating income-$561.6K—

Net income$7.1M+115%

EPS (diluted)$0.27+114%

Balance sheet

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Cash & equivalents$304.8M+69.1%

Total debt$3.6M-59.6%

Total equity$448.7M+39.0%

Total assets$2.1B+33.9%

Cash flow

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Operating cash flow$8.5M+124%

CapEx$100.0K0.0%

Free cash flow$8.4M+124%

Valuation

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Market cap$673.55M-6.1%

Enterprise value$372.35M-31.8%

P/E6×—

P/S1.4×-0.4×

Profitability

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Net margin23.4%—

FCF margin11.1%—

Returns & leverage

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Return on equity29.2%—

Debt / equity0×0.0×

Current ratio0.7×—

Where this comes from

Reported directly by Hippo Holdings in its filing.

Tagged under the XBRL concept hippo:DeferredTaxAssetsCapitalizedSoftware.

The official record: Hippo Holdings’s 10-K, filed March 5, 2026, on SEC EDGAR. View the filing →

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What is Hippo Holdings's capitalized software?: Hippo Holdings (HIPO) reported capitalized software of $10.9M in Q4 2025.
What does capitalized software mean?: This represents the tax basis difference arising from the capitalization of software development costs, which are amortized for financial reporting but may be treated differently for tax purposes. It highlights the company's investment in proprietary technology and the resulting deferred tax benefits. This metric helps assess the tax efficiency of the company's digital infrastructure investments.