Hagerty, Inc.
Hagerty, Inc. (HGTY) Financial Performance & Income Statement Overview
Analyze Hagerty, Inc. (HGTY) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Hagerty, Inc. (HGTY) Income Statement & Financial Overview
Review Hagerty, Inc. HGTY income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $319.59M | $299.81M | $323.37M | $311.28M |
| Cost of Revenue | $148.46M | -$4.27M | $47.19M | $122.42M |
| Gross Profit | $171.13M | $304.08M | $276.18M | $188.86M |
| Gross Profit Ratio | $0.54 | $1.01 | $0.85 | $0.61 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $135.91M | $124.63M | $20.84M | $127.06M |
| Operating Expenses | $145.40M | $291.73M | $266.09M | $210.52M |
| Total Costs & Expenses | $293.87M | $291.73M | $313.29M | -$275.25M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $12.34M |
| Depreciation & Amortization | $9.49M | $9.15M | $9.18M | $10.01M |
| EBITDA | $42.27M | $13.90M | $0.00 | $47.99M |
| EBITDA Ratio | $0.13 | $0.05 | $0.00 | $0.15 |
| Operating Income | $25.73M | $13.90M | $10.09M | $37.98M |
| Operating Income Ratio | $0.08 | $0.05 | $0.03 | $0.12 |
| Other Income/Expenses (Net) | $7.05M | $7.78M | $7.90M | $10.40M |
| Income Before Tax | $32.78M | $13.90M | $17.98M | $48.47M |
| Income Before Tax Ratio | $0.10 | $0.05 | $0.06 | $0.16 |
| Income Tax Expense | $5.49M | $5.46M | -$1.02M | $5.81M |
| Net Income | $8.37M | $3.10M | $4.88M | $10.38M |
| Net Income Ratio | $0.03 | $0.01 | $0.02 | $0.03 |
| EPS | $0.07 | -$0.09 | $0.03 | $0.10 |
| Diluted EPS | $0.07 | -$0.09 | $0.03 | $0.10 |
| Weighted Avg Shares Outstanding | $90.05M | $90.03M | $89.69M | $85.69M |
| Weighted Avg Shares Outstanding (Diluted) | $88.50M | $90.03M | $89.69M | $85.69M |
Over the last four quarters, Hagerty, Inc. achieved steady financial progress, growing revenue from $311.28M in Q2 2024 to $319.59M in Q1 2025. Gross profit stayed firm with margins at 54% in Q1 2025 versus 61% in Q2 2024. Operating income totaled $25.73M in Q1 2025, maintaining a 8% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $42.27M. Net income rose to $8.37M, with EPS at $0.07. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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