Hagerty, Inc. (HGTY) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.4B	1.5B	1.2B	1.0B	829.5M
Cost of Revenue	347.7M	285.4M	298.6M	220.7M	373.6M
Gross Profit	1.1B	1.2B	892.9M	791.1M	455.9M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	421.6M	616.3M	494.5M	458.7M	429.4M
General & Admin Expense	285.4M	358.1M	304.0M	302.3M	288.6M
Selling & Marketing Expense	136.2M	258.2M	190.5M	156.4M	140.8M
Other Expenses	600.3M	415.5M	304.7M	287.6M	15.4M
Total Operating Expenses	1.0B	1.0B	799.2M	746.3M	444.8M
Cost and Expenses	1.4B	1.3B	1.1B	967.0M	818.4M
Operating Income (EBIT)	34.3M	139.2M	93.7M	44.8M	11.1M
Non-Operating
Interest Income	11.2M	39.2M	—	26.9M	—
Interest Expense	1.8M	8.7M	—	4.1M	—
Net Interest Income	9.4M	30.5M	—	22.8M	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	34.3M	139.2M	93.7M	44.8M	11.1M
Income Tax Expense	(35.7M)	(10.0M)	15.4M	16.6M	7.0M
Bottom Line
Net Income	25.5M	49.0M	17.0M	20.2M	32.1M
Earnings from Cont. Ops	70.0M	149.2M	78.3M	28.2M	2.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	58.0M	127.5M	9.6M	16.6M	(24.0M)
Per Share
Basic EPS	$0.41	$0.44	$0.10	$0.19	$0.39
Diluted EPS	$0.10	$0.37	$0.10	$0.09	($0.07)
Revenue Per Share	$13.84	$15.43	$13.61	$12.02	$10.03
Shares
Basic Shares Outstanding	101.4M	94.4M	87.5M	84.2M	82.7M
Diluted Shares Outstanding	101.4M	347.0M	88.5M	340.3M	336.1M
Profitability Metrics
EBITDA	73.0M	176.7M	132.6M	90.6M	45.0M
D&A	38.6M	37.5M	38.9M	45.8M	33.9M
EBIT	34.3M	139.2M	93.7M	44.8M	11.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026