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Hippo Holdings HIPO Technology and development expenses

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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/E
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×
Current ratio0.7×

Where this comes from

Reported directly by Hippo Holdings in its filing.

Tagged under the XBRL concept hippo:TechnologyAndDevelopmentExpense.

The official record: Hippo Holdings’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hippo Holdings's technology and development expenses?
Hippo Holdings (HIPO) reported technology and development expenses of $9.4M in Q1 2026.
How has Hippo Holdings's technology and development expenses changed year-over-year?
Hippo Holdings's technology and development expenses increased by 16.0% year-over-year, from $8.1M to $9.4M.
What is the long-term trend for Hippo Holdings's technology and development expenses?
Over 4 years (2021 to 2025), Hippo Holdings's technology and development expenses has grown at a -2.7% compound annual growth rate (CAGR), from $36.2M to $32.5M.
What does technology and development expenses mean?
This captures the costs associated with maintaining, upgrading, and innovating the company's digital platforms and software infrastructure. For a technology-driven insurer, this is a vital investment in competitive differentiation and operational efficiency. High spending here is often necessary to support long-term scalability and customer experience improvements.