Hagerty, Inc. (HGTY) — Financial statements
Income statement, balance sheet, and cash flow for Hagerty, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,456↑22.2% | 1,191↑17.8% | 1,012↑22.0% | 829↑43.9% | 577 | |
| Cost of Revenue | 285↓4.4% | 299↑35.3% | 221↓40.9% | 374↑42.0% | 263 | |
| Gross Profit | 1,171↑31.1% | 893↑12.9% | 791↑73.5% | 456↑45.4% | 313 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 358↑17.8% | 304↑0.5% | 302↑4.8% | 289↑22.1% | 236 | |
| Selling & Marketing Expenses | 258↑35.5% | 191↑21.8% | 156↑11.1% | 141↑31.0% | 107 | |
| SG&A Expenses | 616↑24.6% | 494↑7.8% | 459↑6.8% | 429↑24.8% | 344 | |
| Other Expenses | 416↑36.4% | 305↑5.9% | 288↑1761.8% | 15↓36.0% | 24 | |
| Operating Expenses | 1,032↑29.1% | 799↑7.1% | 746↑67.8% | 445↑20.9% | 368 | |
| Total Costs & Expenses | 1,317↑20.0% | 1,098↑13.5% | 967↑18.2% | 818↑29.7% | 631 | |
| Operating Results | ||||||
| Operating Income | 139↑48.6% | 94↑109.2% | 45↑303.5% | 11↑120.3% | -55 | |
| Depreciation & Amortization | 38↓3.5% | 39↓15.1% | 46↑35.2% | 34↑53.0% | 22 | |
| EBITDA | 177↑33.3% | 133↑46.4% | 91↑101.4% | 45↑238.6% | -32 | |
| EBIT | 139↑48.6% | 94↑109.2% | 45↑303.5% | 11↑120.3% | -55 | |
| Interest & Other Income | ||||||
| Net Interest Income | 31 | 0.00↓100.0% | 23 | 0.00 | 0.00 | |
| Interest Income | 39 | 0.00↓100.0% | 27 | 0.00 | 0.00 | |
| Interest Expense | 9 | 0.00↓100.0% | 4 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 139↑48.6% | 94↑109.2% | 45↑303.5% | 11↑120.3% | -55 | |
| Income Tax Expense | -10↓165.3% | 15↓7.3% | 17↑136.5% | 7↑3.9% | 7 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 149↑90.6% | 78↑177.9% | 28↑1072.7% | 2↑103.9% | -61 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 49↑188.1% | 17↓15.9% | 20↓36.9% | 32↑169.2% | -46 | |
| Bottom-Line Net Income | 127↑1229.3% | 10↓42.1% | 17↑169.1% | -24↑48.3% | -46 | |
| EPS (Basic) | 0.44↑340.0% | 0.10↓47.4% | 0.19↓51.3% | 0.39↑169.6% | -0.56 | |
| EPS (Diluted) | 0.37↑270.0% | 0.10↑7.1% | 0.09↑231.0% | -0.07↑87.3% | -0.56 | |
| Weighted Average Shares | 94↑7.9% | 88↑4.0% | 84↑1.8% | 83↑0.5% | 82 | |
| Weighted Average Diluted Shares | 347↑292.0% | 89↓74.0% | 340↑1.2% | 336↑308.3% | 82 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.