Hagerty, Inc.HGTYEarnings & Financial Report
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
$368.7M
Gross Profit
N/A
Operating Profit
$47.7M
Net Profit
$47.2M
Gross Margin
N/A
Operating Margin
12.9%
Net Margin
12.8%
YoY Growth
17.7%
Hagerty, Inc. Q2 FY2025 Financial Summary
Hagerty, Inc. reported revenue of $368.7M (up 17.7% YoY) for Q2 FY2025, with a net profit of $47.2M (up 10.7% YoY) (12.8% margin).
Key Financial Metrics
| Total Revenue | $368.7M |
|---|---|
| Net Profit | $47.2M |
| Gross Margin | N/A |
| Operating Margin | 12.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Hagerty, Inc. Q2 FY2025 revenue of $368.7M breaks down across 6 segments, led by Other at $183.3M (49.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $183.3M | 49.7% |
| Sales Channel Through Intermediary | $77.8M | 21.1% |
| Membership And Other Revenue | $47.6M | 12.9% |
| Marketplace Revenue | $24.3M | 6.6% |
| Membership | $15.7M | 4.3% |
| Contingent Commission | $14.9M | 4.0% |
Hagerty, Inc. Revenue by Segment — Quarterly Trend
Hagerty, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Sales Channel Through Intermediary) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | — | $193.6M | $183.3M | $171.2M |
| Sales Channel Through Intermediary | — | — | $77.8M | — |
| Membership And Other Revenue | — | — | $47.6M | — |
| Marketplace Revenue | — | $31.2M | $24.3M | $27.1M |
| Membership | — | — | $15.7M | $15.3M |
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 |