Hagerty, Inc.HGTYEarnings & Financial Report
NYSE · Financials · Insurance Agents, Brokers & Service
Hagerty, Inc. is an American automotive lifestyle and membership company, as well as the world's largest provider of specialty insurance for classic vehicles. Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.
Revenue
$323.4M
Gross Profit
N/A
Operating Profit
$10.1M
Net Profit
$19.0M
Gross Margin
N/A
Operating Margin
3.1%
Net Margin
5.9%
YoY Growth
17.3%
Hagerty, Inc. Q3 FY2024 Financial Summary
Hagerty, Inc. reported revenue of $323.4M (up 17.3% YoY) for Q3 FY2024, with a net profit of $19.0M (up 2.1% YoY) (5.9% margin).
Key Financial Metrics
| Total Revenue | $323.4M |
|---|---|
| Net Profit | $19.0M |
| Gross Margin | N/A |
| Operating Margin | 3.1% |
| Report Period | Q3 FY2024 |
Hagerty, Inc. Annual Revenue by Year
Hagerty, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.5B |
| 2024 | $1.2B |
| 2023 | $464.3M |
| 2022 | $383.7M |
Hagerty, Inc. Quarterly Revenue & Net Profit History
Hagerty, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $388.1M | +16.5% | $28.6M | 7.4% |
| Q3 FY2025 | $380.0M | +17.5% | $46.2M | 12.2% |
| Q2 FY2025 | $368.7M | +17.7% | $47.2M | 12.8% |
| Q1 FY2025 | $319.6M | +17.6% | $27.3M | 8.5% |
| Q4 FY2024 | $333.2M | +22.5% | $8.4M | 2.5% |
| Q3 FY2024 | $323.4M | +17.3% | $19.0M | 5.9% |
| Q2 FY2024 | $313.2M | +19.9% | $42.7M | 13.6% |
| Q1 FY2024 | $271.7M | +24.4% | $8.2M | 3.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $271.7M | $313.2M | $323.4M | $333.2M | $319.6M | $368.7M | $380.0M | $388.1M |
| YoY Growth | 24.4% | 19.9% | 17.3% | 22.5% | 17.6% | 17.7% | 17.5% | 16.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.57B | $1.73B | $1.82B | $1.71B | $1.82B | $2.04B | $2.15B | $2.09B |
| Liabilities | $1.06B | $1.19B | $1.21B | $1.10B | $1.20B | $1.38B | $1.44B | $1.35B |
| Equity | $93.5M | $94.4M | $148.3M | $150.3M | $162.9M | $172.3M | $211.7M | $221.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $58.2M | $64.0M | $67.4M | $177.0M | $43.8M | $53.9M | $92.2M | $219.0M |