Hagerty, Inc. (HGTY) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2025, Hagerty reported revenue of $1.46B, up 21.4% from $1.20B the year before. Net income was $49.0M (a 3.4% net margin), or $0.37 per diluted share. Gross margin was 80.4% and operating margin was -7.2%. Operating activities generated $219.0M of cash, leaving $194.5M of free cash flow. At fiscal year end, Hagerty held $2.09B in total assets against $1.35B in total liabilities, including $160.2M of cash and equivalents.
Open the full interactive Hagerty financials → Quarterly statements, key ratios, valuation history and price charts.
Hagerty Key Stats
| Share Price | $14.99 |
|---|---|
| Market Cap | $1.53B |
| P/E Ratio | 40.5 |
| Revenue YoY Growth | +21.4% |
| 52-Week Range | $9.67 – $14.99 |
| Shares Outstanding | 101.8 million (basic, 2026 Q2) |
Hagerty Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $619.1M | $787.6M | $1.00B | $1.20B | $1.46B |
| Cost of Goods Sold | — | — | $220.7M | $298.6M | $285.4M |
| Gross Profit | — | — | $779.6M | $901.4M | $1.17B |
| Operating Income | -$10.1M | -$67.6M | $10.4M | $66.4M | -$105.4M |
| Pre-Tax Income | -$54.6M | $11.1M | $44.8M | $93.7M | $139.2M |
| Income Tax | $6.8M | $7.0M | $16.6M | $15.4M | -$10.0M |
| Net Income | -$46.4M | $32.1M | $20.2M | $17.0M | $49.0M |
| Diluted EPS | -$0.56 | -$0.07 | $0.09 | $0.10 | $0.37 |
Hagerty Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $380.0M | $388.1M | $311.8M | $354.8M |
| Net Income | $20.8M | $8.8M | -$4.5M | $280,000 |
| Diluted EPS | $0.11 | $0.03 | -$0.06 | -$0.02 |
Hagerty Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $275.3M | $95.2M | $108.3M | $104.8M | $160.2M |
| Current Assets | $895.3M | $936.8M | $1.25B | $858.4M | — |
| Total Assets | $1.04B | $1.31B | $1.59B | $1.71B | $2.09B |
| Current Liabilities | $495.8M | $667.4M | $842.3M | $915.4M | — |
| Total Long-Term Debt | $136.5M | $108.3M | $134.3M | $105.8M | $177.9M |
| Total Liabilities | $771.1M | $945.1M | $1.09B | $1.10B | $1.35B |
| Shareholders' Equity | -$323.8M | $59.3M | $92.7M | $150.3M | $221.3M |
Hagerty Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $42.3M | $55.3M | $133.7M | $177.0M | $219.0M |
| Cash From Investing | -$69.0M | -$91.5M | -$52.6M | -$618.6M | -$185.2M |
| Cash From Financing | $332.1M | -$28.1M | $103.2M | -$46.9M | $29.9M |
| Free Cash Flow | -$1.1M | $11.0M | $107.3M | $155.7M | $194.5M |
Figures from Hagerty's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hagerty financials page for every line item.
Hagerty Company Profile
| Ticker | HGTY |
|---|---|
| Exchange | NYSE |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | Traverse City, Michigan |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001840776 |
Frequently Asked Questions
What was Hagerty's revenue in fiscal 2025?
Hagerty (HGTY) reported revenue of $1.46B for fiscal 2025.
What is Hagerty's annual revenue history?
Hagerty's annual revenue by fiscal year: 2021: $619.1M; 2022: $787.6M; 2023: $1.00B; 2024: $1.20B; 2025: $1.46B.
What was Hagerty's net income in fiscal 2025?
Hagerty reported net income of $49.0M for fiscal 2025.
What was Hagerty's earnings per share (EPS) in fiscal 2025?
Hagerty's diluted EPS was $0.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hagerty generate in fiscal 2025?
Hagerty generated $194.5M of free cash flow in fiscal 2025.
What was Hagerty's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hagerty reported revenue of $354.8M.
How much debt does Hagerty have?
Hagerty reported $177.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hagerty are outstanding?
Hagerty reported a weighted average of 101.8 million basic shares outstanding in 2026 Q2.
What is Hagerty's market cap?
Based on its latest closing price, Hagerty (HGTY) has a market capitalization of about $1.53B.
When does Hagerty's fiscal year end?
Hagerty's fiscal year end, as registered with the SEC, is December 31.
Where is Hagerty headquartered?
Hagerty lists its business address in Traverse City, Michigan in its SEC filings.