Hagerty, Inc. HGTY

Financials SIC 6411 - Insurance Agents, Brokers & Service NAICS Finance and Insurance › Insurance Carriers and Related Activities › Agencies, Brokerages, and Other Insurance Related Activities › Insurance Agencies and Brokerages derived NYSE

We are a market leader in providing insurance for collector cars and enthusiast vehicles, helping the automotive enthusiast community protect and enjoy their special cars for more than 40 years. Our insurance products are complemented by our membership product, Hagerty Drivers Club ("HDC"), our renowned car events, and our media and entertainment platforms. We also operate a trusted marketplace where collectors and enthusiasts can buy and sell a wide range of vehicles, from entry level enthusiast vehicles to high value collector cars. Together, our integrated automotive ecosystem fosters a vibrant community where enthusiasts connect, share their passion, and access resources that enhance their ownership experience. Our vision is to be the world's most trusted and preferred brand for automotive enthusiasts to insure, buy, sell, and enjoy their special cars.

Last close 15.58 2026-10-23
Market cap —
52-week range 9.36 - 15.98

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Insurance
  • Marketplace
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Insurance, FY2025: 568.8M (83.9%) 84% Insurance Marketplace, FY2025: 108.9M (16.1%) 16% Marketplace FY2024 Insurance, FY2024: 502.2M (91.5%) 92% Marketplace, FY2024: 46.5M (8.5%) 8% FY2023 Insurance, FY2023: 440.3M (94.8%) 95% Marketplace, FY2023: 24M (5.2%) 5%
Segment FY2025FY2024FY2023
Insurance $568.8M $502.2M $440.3M
Marketplace $108.9M $46.5M $24.0M

As the company reported it, from the “Segment Reporting and Disaggregated Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $677.6M$548.6M$464.3M$383.7M$323.3M$279.0M—
SG&A $94.5M$82.5M$85.4M$89.1M$64.6M$51.2M—
Total operating expenses $1.28B$1.13B$976.7M————
Operating income —$66.4M$10.4M-$67.6M-$10.1M$15.8M—
Interest expense $5.4M$1.4M$5.4M————
Pre-tax income $139.2M$93.7M$44.8M$11.1M-$54.6M$14.9M—
Income tax $10.0M$15.4M$16.6M$7.0M$6.8M$4.8M—
Net income $149.2M$78.3M$28.2M$2.4M-$61.4M$10.2M—
EPS, basic ———0.39-0.56101.66—
EPS, diluted ————-0.56101.66—
Shares, diluted (wtd. avg.) ————82.3M100,000—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $160.2M$104.8M$108.3M$539.2M$604.0M$299.1M$221.1M
Short-term investments —$74.0M$10.9M————
Receivables $96.2M$84.8M$71.5M$58.3M$46.7M$33.9M—
Inventory $12.4M$18.5M$5.0M$2.1M———
Total current assets —$858.4M$1.25B$936.8M$895.3M$513.4M—
Property, plant and equipment $16.3M$18.2M$20.8M$25.3M$28.4M$25.8M—
Goodwill $114.2M$114.1M$114.2M$115.0M$11.5M$4.7M$3.8M
Other intangibles $88.9M$90.1M$91.9M$104.0M$76.2M$46.6M—
Total assets $2.09B$1.71B$1.59B$1.31B$1.04B$610.7M—
Accounts payable ———$16.3M$9.1M$11.5M—
Short-term debt —$792.0K$3.7M$0$1.0M$1.0M—
Total current liabilities —$915.4M$842.3M$667.4M$495.8M$384.8M—
Long-term debt $177.9M$105.8M$130.7M$108.3M$135.5M$69.0M—
Total liabilities $1.35B$1.10B$1.09B$945.1M$771.1M$493.4M—
Retained earnings -$403.0M-$452.0M-$469.0M-$489.6M-$482.3M$56.8M—
Total equity $221.3M$150.3M$410.5M$367.4M-$322.5M$117.3M—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $219.0M$177.0M$133.7M$55.3M$42.3M$84.6M—
Depreciation and amortisation $37.5M$38.9M$45.8M$33.9M$22.1M$11.8M—
Stock-based compensation $18.9M$17.4M$18.0M$12.1M$0——
Capital expenditure $24.5M$21.3M$26.4M$44.4M$43.4M$38.3M—
Investing cash flow -$185.2M-$618.6M-$52.6M-$91.5M-$69.0M-$47.4M—
Financing cash flow $29.9M-$46.9M$103.2M-$28.1M$332.1M$39.9M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028911.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2020: 279M Net income, FY2020: 10.2M Revenue, FY2021: 323.3M Net income, FY2021: -61.4M Revenue, FY2022: 383.7M Net income, FY2022: 2.4M Revenue, FY2023: 464.3M Net income, FY2023: 28.2M Revenue, FY2024: 548.6M Net income, FY2024: 78.3M Revenue, FY2025: 677.6M Net income, FY2025: 149.2M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $279.0M $323.3M $383.7M $464.3M $548.6M $677.6M
Gross profit — — — — — — —
Net income — $10.2M -$61.4M $2.4M $28.2M $78.3M $149.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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