Hagerty Financial Statements
NYSE: HGTYFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hagerty revenue and earnings
In fiscal 2025, Hagerty generated $1.46 billion in revenue, up 17.3% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $149.2 million (+90.6% year over year), for a net margin of 10.2% versus a median of 2.7% in the prior 5 years. Over the last 5 fiscal years, HGTY's revenue has grown at a 23.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Hagerty income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1.46B | 1.24B | 1.03B | 787.59M | 619.08M | 499.55M |
| Revenue growth (YoY) | +17.31% | +20.87% | +30.41% | +27.22% | +23.93% | — |
| Operating Expenses | 1.28B | 1.13B | 976.71M | 855.15M | 629.15M | 483.70M |
| Selling, General & Admin | 352.72M | 273.03M | 241.81M | 229.85M | 172.04M | 137.40M |
| Operating Income | — | 66.42M | 10.41M | -67.57M | -10.07M | 15.85M |
| Interest Expense | 5.44M | 1.40M | 5.38M | — | — | — |
| Other Income (Expense) | -40.90M | -5.66M | -4.08M | 2.03M | -1.99M | -987.00K |
| Pretax Income | 139.18M | 93.68M | 44.77M | 11.10M | -54.60M | 14.86M |
| Income Tax | -10.04M | 15.38M | 16.59M | 7.02M | 6.75M | 4.82M |
| Net Income | 149.22M | 78.30M | 28.18M | 32.08M | -46.36M | 10.17M |
| Net Income growth (YoY) | +90.57% | +177.88% | -12.15% | — | -556.01% | — |
| EPS (Basic) | — | — | — | 0.39 | -0.56 | 101.66 |
| EPS (Diluted) | — | — | — | — | -0.56 | 101.66 |
| Shares Outstanding (Basic) | — | — | — | — | 82.33M | 100.00K |
| Shares Outstanding (Diluted) | — | — | — | — | 82.33M | 100.00K |
| EBITDA | — | 105.32M | 56.22M | -33.68M | 12.07M | 27.65M |
| Operating Margin | — | 5.35% | 101.00% | -8.58% | -1.63% | 3.17% |
| Net Margin | 10.25% | 6.31% | 2.74% | 4.07% | -7.49% | 2.04% |
This table shows 6 annual periods of Hagerty's income statement, from FY 2025 back to FY 2020, across 16 line items including revenue, operating expenses, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow HGTY's reporting calendar. What is a income statement?