Hagerty, Inc. (HGTY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 311.83M | 357.33M | 379.99M | 368.7M | 319.59M | 291.73M | 322.91M | 311.28M | 265.57M | 258M | 276.42M | 259.49M | 217.84M | 201.03M | 204.53M | 200.62M | 199.5M | 111.84M | 168.09M | 167.41M |
| Revenue Growth % | -2.43% | 22.48% | 17.68% | 18.44% | 20.34% | 13.07% | 16.82% | 19.96% | 21.91% | 28.34% | 35.15% | - | - | 79.74% | - | 19.84% | 54.41% | - | - | - |
| Medical Costs & Claims | 97.92M | 60.42M | 78.63M | 75.21M | 148.46M | 72.08M | 99.43M | 64.73M | 62.36M | 61.2M | 57.48M | 53.56M | 48.41M | 46.26M | 60.6M | 83.88M | 79.3M | 34.44M | 69.49M | 62.83M |
| Medical Cost Ratio % | 31.4% | 16.91% | 20.69% | 20.4% | 46.45% | 24.71% | 30.79% | 20.79% | 23.48% | 23.72% | 20.8% | 20.64% | 22.22% | 23.01% | 29.63% | 41.81% | 39.75% | 30.79% | 41.34% | 37.53% |
| Gross Profit | 213.91M | 296.9M | 301.37M | 293.49M | 171.13M | 219.65M | 223.48M | 246.56M | 203.21M | 196.81M | 218.94M | 205.93M | 169.43M | 154.78M | 0 | 116.74M | 120.2M | 77.41M | 98.59M | 104.58M |
| Gross Margin % | 68.6% | 83.09% | 79.31% | 79.6% | 53.55% | 75.29% | 69.21% | 79.21% | 76.52% | 76.28% | 79.2% | 79.36% | 77.78% | 76.99% | 0% | 58.19% | 60.25% | 69.21% | 58.66% | 62.47% |
| Gross Profit Growth % | 25% | 35.17% | 34.85% | 19.03% | -15.79% | 11.61% | 2.07% | 19.73% | 19.94% | 27.16% | - | - | - | 99.95% | - | 11.63% | 65.52% | - | - | - |
| Operating Expenses | 234.85M | 257.2M | 288.03M | 240.12M | 138.35M | 205.75M | 205.5M | 198.09M | 189.88M | 183.18M | 195.71M | 186.66M | 180.78M | 184.07M | 180.31M | 120.11M | 102.2M | 141.91M | 97.25M | 90.49M |
| OpEx / Revenue % | 75.31% | 71.98% | 75.8% | 65.13% | 43.29% | 70.53% | 63.64% | 63.64% | 71.5% | 71% | 70.8% | 71.93% | 82.99% | 91.56% | 88.16% | 59.87% | 51.23% | 126.88% | 57.86% | 54.05% |
| Depreciation & Amortization | 9.71M | 9.79M | 9.41M | 8.83M | 9.49M | 9.15M | 9.18M | 10.01M | 10.56M | 10.92M | 10.75M | 10.4M | 13.74M | 9.55M | 8.89M | 8.3M | 7.15M | 6.86M | 5.89M | 5.03M |
| Combined Ratio % | 106.71% | 88.89% | 96.49% | 85.53% | 89.74% | 95.23% | 94.43% | 84.43% | 94.98% | 94.72% | 91.6% | 92.57% | 105.21% | 114.57% | 117.79% | 101.68% | 90.98% | 157.67% | 99.2% | 91.59% |
| Operating Income | -20.94M | 39.7M | 13.34M | 53.36M | 32.78M | 13.9M | 17.98M | 48.47M | 13.33M | 13.63M | 23.23M | 19.27M | -11.36M | -29.29M | 24.22M | -3.37M | 18M | -64.5M | 1.34M | 14.09M |
| Operating Margin % | -6.71% | 11.11% | 3.51% | 14.47% | 10.26% | 4.77% | 5.57% | 15.57% | 5.02% | 5.28% | 8.4% | 7.43% | -5.21% | -14.57% | 11.84% | -1.68% | 9.02% | -57.67% | 0.8% | 8.41% |
| Operating Income Growth % | -163.87% | 185.59% | -25.84% | 10.1% | 145.96% | 1.97% | -22.57% | 151.53% | 217.35% | 146.54% | -4.11% | - | - | 54.58% | - | -123.89% | 425.28% | - | - | - |
| EBITDA | -11.23M | 49.49M | 22.75M | 62.2M | 42.27M | 23.05M | 27.17M | 58.48M | 23.89M | 24.55M | 33.98M | 29.67M | 2.39M | -19.74M | 33.11M | 4.93M | 25.14M | -57.64M | 7.23M | 19.11M |
| EBITDA Margin % | -3.6% | 13.85% | 5.99% | 16.87% | 13.23% | 7.9% | 8.41% | 18.79% | 9% | 9.51% | 12.29% | 11.43% | 1.1% | -9.82% | 16.19% | 2.46% | 12.6% | -51.53% | 4.3% | 11.42% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 417K | 187K |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.11M | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | -20.94M | 39.7M | 13.34M | 53.36M | 32.78M | 13.9M | 17.98M | 48.47M | 13.33M | 13.63M | 23.23M | 19.27M | -11.36M | -29.29M | 24.22M | -3.4M | 17.9M | -64.5M | 1.34M | 14.09M |
| Pretax Margin % | -6.71% | 11.11% | 3.51% | 14.47% | 10.26% | 4.77% | 5.57% | 15.57% | 5.02% | 5.28% | 8.4% | 7.43% | -5.21% | -14.57% | 11.84% | -1.7% | 8.97% | -57.67% | 0.8% | 8.41% |
| Income Tax | -8.19M | 11.14M | -32.83M | 6.16M | 5.49M | 5.46M | -1.02M | 5.81M | 5.13M | 4.59M | 4.6M | 3.73M | 3.67M | 2.94M | -91K | 2.14M | 2.03M | 1.96M | 1.89M | 1.58M |
| Effective Tax Rate % | 39.13% | 28.06% | -246.19% | 11.55% | 16.74% | 39.28% | -5.68% | 11.99% | 38.48% | 33.68% | 19.82% | 19.36% | -32.3% | -10.04% | -0.38% | -62.79% | 11.34% | -3.04% | 140.79% | 11.24% |
| Net Income | -4.49M | 8.83M | 20.85M | 10.97M | 8.37M | 3.1M | 4.88M | 10.38M | -1.35M | 14.57M | 5.35M | 2.4M | -2.1M | -4.61M | 14.71M | -5.54M | 27.51M | -51.67M | -479K | 12.59M |
| Net Margin % | -1.44% | 2.47% | 5.49% | 2.98% | 2.62% | 1.06% | 1.51% | 3.33% | -0.51% | 5.65% | 1.94% | 0.93% | -0.96% | -2.29% | 7.19% | -2.76% | 13.79% | -46.2% | -0.28% | 7.52% |
| Net Income Growth % | -153.65% | 184.25% | 326.78% | 5.73% | 719.62% | -78.69% | -8.76% | 331.52% | 35.64% | 416.28% | -63.61% | - | - | 91.08% | - | -143.96% | 504.16% | - | - | - |
| EPS (Diluted) | -0.06 | 0.06 | 0.11 | 0.09 | 0.07 | 0.01 | 0.03 | 0.10 | -0.04 | 0.03 | 0.04 | 0.03 | -0.03 | -0.41 | 0.07 | -0.02 | 0.05 | -0.63 | -0.00 | 0.04 |
| EPS Growth % | -191.19% | 409.45% | 227.38% | -6.33% | 274.54% | -62.54% | -12.73% | 254.45% | -49.6% | 108.27% | -47.12% | - | - | 34.92% | - | -144.53% | 329.75% | - | - | - |
| EPS (Basic) | -0.06 | 0.06 | 0.21 | 0.09 | 0.07 | 0.01 | 0.03 | 0.10 | -0.04 | 0.14 | 0.04 | 0.03 | -0.03 | -0.06 | 0.18 | -0.02 | 0.05 | -0.63 | -0.00 | 0.04 |
| Diluted Shares Outstanding | 101.03M | 346.97M | 347.24M | 90.7M | 346.31M | 90.03M | 89.69M | 85.69M | 84.66M | 347.45M | 84.48M | 85.56M | 83.23M | 83.2M | 336.77M | 329.81M | 329.56M | 82.33M | 329.31M | 329.31M |