Hagerty, Inc. HGTY
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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 | -0.56 | 101.66 | — |
| EPS, diluted | — | — | — | — | -0.56 | 101.66 | — |
| Shares, diluted (wtd. avg.) | — | — | — | — | $82.3M | $100.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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.
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